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Energy

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Oil rises near $99 a barrel before Bernanke speaks

The price of oil rose to near $99 a barrel on Wednesday, driven by a report of falling U.S. stockpiles of crude and ahead of the conclusion of a meeting of the Federal Reserve. By early afternoon in Europe, benchmark oil for July delivery was up 20 cents to $98.64 ...

  • Updated: 7:56 a.m. Wednesday, June 19, 2013

Japan formally OKs new nuke safety requirements

Japan's nuclear watchdog formally approved a set of new safety requirements for atomic power plants Wednesday, paving the way for the reopening of facilities shut down since the Fukushima disaster. The new requirements approved by the Nuclear Regulation Authority will take effect on July 8, when operators will be able ...

  • Updated: 7:50 a.m. Wednesday, June 19, 2013
Garrett Tomblin operates a remote control that controls the fire in the mine disaster training area of the Running Right Leadership Academy in Julian, Va., Tuesday, June 11, 2013. Alpha Natural Resources safety training center that grew out of its $210 million non-prosecution agreement with the U.S. Department of Justice. (AP Photo/Steve Helber)

W.Va. mine safety lab creates disasters to train

Orange flames lick at the roof of the coal mine, heat building and visibility dropping as smoke begins to fill the underground passageway. Then, with the push of a few buttons on a hand-held remote, the flames flicker out, the smoke dissipates and the lights come on. The roar of ...

  • Updated: 3:21 a.m. Wednesday, June 19, 2013

Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore. Rising costs for imports due to the cheaper yen matched a 10 percent rebound in exports from ...

  • Updated: 3:15 a.m. Wednesday, June 19, 2013

Cape Wind gets $200M investment from Danish fund

The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday is a milestone for the long-delayed project. In a statement announcing the commitment, PensionDanmark's chief executive Torben Moger Pedersen noted the fund has already invested ...

  • Updated: 10:59 p.m. Tuesday, June 18, 2013
Cellphones powerup with solar energy on Tuesday, June 18, 2013 in New York. The city has teamed up with AT&T to install 25 solar powered charging stations for public use, available for free in parks and beaches across the five boroughs over the summer. (AP Photo/Bebeto Matthews)

NYC to offer free phone-charging stations in parks

It's a message busy New Yorkers hate to get: the low-battery message on your cellphone when there's no charger in sight. Now that could be a thing of the past. New York City has teamed up with AT&T to install 25 solar-powered charging stations for public use, available for free ...

  • Updated: 5:01 p.m. Tuesday, June 18, 2013
FILE - In this Monday, Dec. 19, 2011 file photo, Jim Rogers, CEO of Duke Energy, speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte, N.C. Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Rogers next month as CEO. Rogers, 65, will retire on July 1, 2013. He agreed to step down by the end of the year as part of a settlement with North Carolina regulators after a contentious takeover of in-state rival Progress Energy last year. (AP Photo/Chuck Burton, File)

Duke Energy names insider to take over for Rogers

Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO. Rogers, 65, will retire on July 1. He agreed to step down by the end of the year as part of a settlement with North Carolina regulators after ...

  • Updated: 12:19 p.m. Tuesday, June 18, 2013
In this June 1, 2013 photo, Paraguayans returning from shopping in Clorinda, Argentina carry boxes and bags across the international bridge over the Pilcomayo River into the town of Nanawa, Paraguay. Shoppers who turn to the street rather than the banks to swap their dollars are getting a bonanza of extra Argentine pesos and can shop much more cheaply than back at home due to Argentina's currency controls and black market for US dollars. Taking advantage of the guarani’s newfound strength, Paraguayans are rolling by the thousands into the Argentine frontier city of Clorinda to do their shopping. (AP Photo/Jorge Saenz)

Argentine cash controls bring bargains, headaches

The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes — they're all so cheap when your purse is stuffed with black-market money. Visitors who turn to the streets rather than the banks to swap their ...

  • Updated: 11:47 a.m. Tuesday, June 18, 2013

Oil prices climb above $98 before US Fed meeting

The price of oil climbed back above $98 a barrel Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. By early afternoon in Europe, benchmark oil for July delivery was up 37 cents to $98.14 a barrel in electronic ...

  • Updated: 9:06 a.m. Tuesday, June 18, 2013

Chevron secures Iraqi Kurdish oil deal

U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region. The California-based company said in a statement emailed Tuesday that it acquired the rights to hunt in the Qara Dagh exploration block, which is ...

  • Updated: 7:38 a.m. Tuesday, June 18, 2013
196 items
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