Global Energy Challenges
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Dow Chemical profit beats estimates as plastics margins rise

- Dow Chemical Co reported a better-than-expected profit as margins rose for the ninth straight quarter in its plastics business, its biggest, due to low raw material costs.

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Factbox: China's reform tally since November 2013 policy meeting

21 Oct 2014

BEIJING - China's leadership unveiled a blueprint for some of the most comprehensive economic and social reforms in nearly 30 years in November 2013.

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China to pitch high-speed trains to California

20 Oct 2014

SHANGHAI - State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signaling China's growing export ambitions for such technology after building the world's longest network in just seven years.

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Fire closes UK power generation unit, squeezing electricity supply

20 Oct 2014

LONDON - A fire at a British power station close to London has closed a power generation unit, which could exacerbate Britain's already constrained electricity supply as winter approaches and demand rises.

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Wind blows away fossil power in the Nordics, the Baltics next

17 Oct 2014

OSLO - Wind power is blowing gas and coal-fired turbines out of business in the Nordic countries, and the effects will be felt across the Baltic region as the renewable glut erodes utility margins for thermal power stations.

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Exxon Mobil votes with feet to stay in EU as energy laws loom

16 Oct 2014

ANTWERP Belgium - Exxon Mobil is pouring $1 billion into a refinery in the European Union, setting aside concerns ranging from poor margins to EU green energy rules due to be agreed next week that will cut demand for oil.

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