Resources,Power & Utilities

Shares of natural gas distributors have gone up by about 30 percent on average in year to date. Amid this situation, there is this question: should investors continue to buy the stocks at current levels? China’s...

Oil prices could reach US$60 a barrel before the end of the year due to rising global demand and reduced supply from the Organization of the Petroleum Exporting Countries, according to a report. Barron’s, citing research from...

The energy unit of Warren Buffett’s Berkshire Hathaway Inc. is nearing a deal to acquire Oncor Electric Delivery Company LLC, allowing the utility to exit a three-year bankruptcy, Reuters reports, citing people familiar with the matter....

Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut,...

When restaurants charge you more at dinner than at lunch, is that a form of “price discrimination”? Not necessarily. If the restaurant serves a full house every night, but sees only a few tables filled at...

Oil prices tumbled to the lowest level in seven months Wednesday, as high oil inventories continued to erode confidence in the ability of major producers to ease a global supply glut, the Wall Street Journal reports....

Yancoal said on Sunday that it has secured Chinese regulatory approval for the planned US$2.45 billion purchase of Rio Tinto’s Australian unit Coal & Allied Industries. The Chinese firm said it won clearance from China’s National...

The boards of Linde and Praxair voted on Thursday to merge, creating a US$73 billion global industrial gases leader in what is likely to be the last in a wave of combinations that has resulted in...

The Organization of the Petroleum Exporting Countries (OPEC) renewed an agreement with 10 other crude-oil producers to withhold output through March 2018, a move aimed at putting a floor under the price of oil. The pact,...

Noble Group Ltd. reported a quarterly loss that pummeled its shares by a record 33 percent, stoking worries the Singapore-listed commodity trader was failing to recover from a crisis-wracked two years despite a deep restructuring, Reuters...

A report that China will soon unveil a plan to restructure the state-run power sector led to a surge in related shares Wednesday. Beijing intends to create three energy giants through mergers of eight companies, Bloomberg...

The Hong Kong government announced a new 15-year regulatory framework with the two power companies last week. Under the revised agreement, the amount the two suppliers are allowed to earn will be cut from 9.99 percent...

Hong Kong’s Chow Tai Fook Enterprises Ltd. has won Australian government approval for its proposed takeover of Perth-based gas-and-electricity provider Alinta Energy Ltd. The deal was approved with strict conditions, a spokeswoman for Australian Treasurer Scott...

Numerous companies related to China’s Belt and Road initiative posted improved results for 2016. This has, in turn, helped spark renewed interest in the economic plan heavily promoted by Beijing. Among the entities associated with the...

The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp.’s US unit Westinghouse Electric Co. does not lead to US technology secrets and infrastructure falling into Chinese hands,...

Japan’s Toshiba Corp. announced that its US nuclear power unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection following huge losses and a huge debt burden. The company filed the petition in the US...

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, Reuters reports, citing a statement. An earlier draft...

China’s Sinopec (00386.HK, 600028.CN) will pay almost US$1 billion for a 75 percent stake in Chevron Corp’s South African assets and its subsidiary in Botswana to secure its first major refinery in Africa. China Petroleum and...

Exxon Mobil Corp., the world’s largest publicly traded oil producer, will invest US$20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast, Reuters reports. The investments at 11 sites...

China’s state-run Zhenhua Oil has signed a preliminary agreement with Chevron to buy the US oil major’s natural gas fields in Bangladesh worth about US$2 billion, Reuters reports. Zhenhua is a subsidiary of China’s defense industry...