Global Energy Challenges

Oil retreats as rising U.S. inventories continue to weigh

NEW YORK - Crude oil futures fell sharply on Thursday as rising inventories in the United States pressured both Brent and U.S. contracts and countered expectations for recovering demand.

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Spain's Iberdrola to buy UIL Holdings for about $3 billion

5:44am EST

- Spanish utility Iberdrola SA will buy UIL Holdings Corp for about $3 billion to create a new listed power and gas company and expand in the United States, where it hopes to offset falling profits at home.


Greece sees problems repaying IMF, ECB; Germans air mistrust

25 Feb 2015

ATHENS/BERLIN - Greece said on Wednesday it will struggle to make debt repayments to the IMF and the European Central Bank this year as Germany's finance minister voiced open doubts about Athens' trustworthiness. | Video

Cracks appear in Greek government as Tsipras walks tightrope

25 Feb 2015

ATHENS - A prominent Greek minister defied his government's pledge to press on with some state asset sales, revealing the first open dissent within Prime Minister Alexis Tsipras's coalition and highlighting the tightrope that the leftist premier must walk.


Chesapeake profit falls short; company to slash spending

25 Feb 2015

- Chesapeake Energy Corp on Wednesday said it would slash its 2015 spending and rig count in response to low crude oil prices that also pushed its fourth-quarter profit below Wall Street expectations.

US oyster, clam farms face economic blow from acidification: study

23 Feb 2015

OSLO - U.S. shellfish producers in the Northeast and the Gulf of Mexico will be most vulnerable to an acidification of the oceans linked to climate change that makes it harder for clams and oysters to build shells, a study said on Monday.

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