FuelFix
OPEC deadlocked as Iran, Saudi Arabia harden postions
An OPEC deal to curtail oil production appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role in any agreement. Ministers gathering...
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Fall in Exxon stock leads employee to sue over company’s 401 (k)
A retired engineer from Exxon Mobil Corp. alleges the giant energy company violated its responsibility to protect employee financial interests by continuing to offer Exxon Mobil stock for its 401(k) retirement plan while knowing the...
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Oil retreats as OPEC split imperils deal with deadline looming
Oil retreated below $47 in New York after OPEC officials failed Monday to work out a compromise on a deal to cut production and boost crude prices. Futures lost as much as 2.3 percent. A 10-hour...
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Saudi Arabia budget deficit climbs as OPEC talks
Saudi Arabia’s push for OPEC’s first oil production cut in eight years comes as its finances fall into disarray. The Saudi government’s budget deficit has ballooned to one-fifth of its economic output this year despite...
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GE dominates in U.S. as wind turbine manufacturer
Nearly half of the wind energy in the United States comes from wind turbines built by General Electric, which has dominated the turbine industry for nearly 15 years, according to the U.S. Department of Energy. GE...
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