Dutch watchdog urges slash to gas extraction to limit quakes
A mining watchdog is advising the Dutch government to significantly decrease the amount of gas extracted from the northeastern region of Groningen, saying a cut is necessary to reduce the risk of damage caused by subsequent earthquakes.
Rising oil prices help Shell more than double Q4 earnings
Energy giant Shell says its fourth-quarter earnings more than doubled as oil prices surged and the company benefited from prior cost cutting.
Global markets mixed after Fed keeps rate unchanged
Asian markets were mixed on Thursday with Tokyo stocks higher as the yen weakened against the U.S. dollar.
Australia tightens foreign investment rules on power, farms
The Australian government has announced tighter controls on foreign investment in electricity grids and farmland two years after Chinese buyers were blocked from high-profile corporate takeovers in both sectors.
Profitable Daimler expects heavy spending on new tech
German automaker Daimler AG says its net profit rose 24 percent to a record 10.9 billion euros ($13.5 billion) last year, helped by strong sales of its Mercedes-Benz SUVs and new E-Class luxury sedan.
Goldman Sachs raises oil price forecasts on speedy market rebalancing
Goldman Sachs raised its Brent crude price forecasts on Thursday, saying oil markets have rebalanced six months sooner than expected.
Shell's 2017 profits more than double
Royal Dutch Shell profit more than doubled in the fourth quarter of 2017 to $4.3 billion, slightly ahead of forecasts.
Asian markets mixed after Fed keeps rate unchanged
Stocks moved higher in early trading Wednesday after several big U.S. companies reported strong quarterly results.
Business Highlights
___ Fed leaves key rate unchanged at Yellen's final meeting WASHINGTON (AP) — The Federal Reserve has left its benchmark interest rate unchanged but signaled that it expects to resume raising rates gradually to reflect a healthy job market and economy.
Oil giant Shell wins 9 blocks in Mexican deep water bidding
Royal Dutch Shell has won nine of the 29 deep-water oil exploration blocks Mexico put up for bid in the Gulf of Mexico.
Study: Federal utility shifts costs to residential customers
A study says the nation's largest public utility has given large businesses breaks on electric rates over six years while residential customers' rates increased.
Energy industry eyes green mandate rollback under Trump
Energy use in the U.S.
Dutch cut gas firm out of quake damage compensation process
Dutch authorities have brokered a new agreement about how to compensate damages suffered by homeowners in the northeastern Netherlands due to earthquakes caused by gas extraction.
Egypt thanks Eni for gas field efforts despite Regeni affair
Egypt's president has again accused unknown parties of being behind the 2016 murder of an Italian researcher, alleging a plot to sabotage bilateral relations during a ceremony marking the start of a massive gas project with Italian energy firm Eni.
Asian stocks mixed after Wall Street's sharp decline
U.S. stocks fell sharply in early trading Tuesday, extending the market's losses from a day earlier.
Judge rejects bid to suspend Louisiana pipeline construction
A federal judge has refused to order a temporary halt to construction of a crude oil pipeline through an environmentally fragile river swamp in south Louisiana.
Business Highlights
___ Amazon, Buffett and JPMorgan join forces on health care Three of corporate America's heaviest hitters — Amazon, Warren Buffett and JPMorgan Chase — have sent a shudder through the health care industry by announcing plans to create a company that would provide their employees with high-quality, affordable coverage.
Markets Right Now: Stocks have biggest drop since August
The latest on developments in financial markets (All times local): 9:35 a.m.
Park Service seeks further review of North Dakota refinery
The National Park Service wants further review of an oil refinery proposed near North Dakota's Theodore Roosevelt National Park to see how emergency flaring could affect air quality.
Chesapeake Energy announces hundreds of layoffs
Once the star of the energy patch, Chesapeake is cutting 13% of its workforce.











