Global Energy Challenges

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.

Global Energy Video

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.


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.


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.


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.


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.

Exxon Mobil Corp $94.03 +0.41%
Chevron Corp $115.02 -0.06%
Schlumberger NV $97.67 -0.08%


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