U.S. companies know the risks of climate change; Should they be required to report them?
A nonprofit group that sets standards for disclosing the financial impact of environmental issues is calling on U.S. companies to account for the effects of climate change on their businesses. The Sustainability Accounting Standards Board...
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Better batteries, and more electric cars, could be bad news for oil industry
Oil companies should brace themselves for rapid advancements in battery technology, which could bring more electric cars to the market and drive down the demand for oil, according to a new report from Fitch Ratings...
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FMC Technologies cuts 1,000 jobs, more on the way
Oilfield equipment maker FMC Technologies warned that more job cuts are on the way through the end of the year after eliminating another 1,000 jobs in the third quarter. Houston-based FMC, which focuses primarily on...
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Market Currents: Record OPEC oil exports to China & India
Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back to imports), while OPEC rhetoric...
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Crude prices climb as U.S. stockpile falls
HOUSTON – The nation’s crude stockpile sank by 5.2 million barrels last week, the Energy Information Administration said Wednesday, as imports declined by nearly 1 million barrels a day. “It’s a fairly sizable amount, and...
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