Oil falls as U.S. output climbs and energy demand concerns linger

Oil futures declined Thursday, pressured by recent data showing a weekly climb in U.S. crude production, as concerns over a slowdown in energy demand from China lingered. West Texas Intermediate crude for February delivery CLG9, -0.86% fell 70 cents, or 1.3%, to $51.61 a barrel on the New York Mercantile Exchange, a day after posting a modest gain of 0.4%. March […]

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‘Sleepwalking into catastrophe’: Extreme weather is biggest global risk in 2019

Extreme weather events pose the biggest risk to the world today and the danger that global leaders will fail to tackle the issue before it’s too late is a mounting and frightening concern, according to a report published Wednesday. The Global Risks Report 2019, published by the World Economic Forum and based on a survey or more than 1,000 experts […]

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Oil prices get a boost from latest sign of improving U.S.-China trade picture

Oil futures climbed higher Tuesday, recouping some of the losses suffered over back-to-back sessions as global trade relationships and other energy demand signals, especially around China and the U.S., remain a factor for markets. Just a day earlier, oil fell amid further signs of economic weakness in China. But reports Tuesday, suggesting that China was taking greater steps to shore […]

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U.S. economy could slip from top spot in 2020 and keep slipping, analysts say

America’s days as the world’s most powerful economy are numbered, and when that torch is finally passed, it’ll be tough to get back, according to a recent report. In our call of the day, Standard Chartered predicts that China’s GDP will overtake the U.S. next year. What’s more, within another decade, India is pegged to push the U.S. even further […]

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PG&E could notify employees of potential bankruptcy as soon as Monday: report

PG&E Corp. PCG, -0.96% California’s largest utility, may tell its workers it’s preparing for a possible bankruptcy filing as soon as Monday, Bloomberg News reported Sunday. Separately, Reuters reported PG&E is in talks with investment banks to get financing through bankruptcy proceedings. The utility has seen its shares battered as it faces the possibility of tens of billions of dollars […]

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Oil slips as dollar firms, pausing 8-session run

Oil futures prices dipped Thursday, pausing an eight-day rally that took the U.S. benchmark to its highest in nearly four weeks. A slightly stronger U.S. dollarDXY, +0.16%  helped to push oil lower, as the firmer buck makes U.S. crude more expensive for investors using another currency. The recent advance for the energy complex was powered by continued optimism over U.S.-China […]

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Top PG&E Power executive to leave amid California wildfire crisis

PG&E Corp.’s top executive overseeing the utility’s electric division is leaving the company amid rising concerns about its financial health and safety practices following the recent California wildfires. Patrick Hogan, senior vice president of electric operations for unit Pacific Gas and Electric Co., will be replaced immediately by Michael Lewis, another executive within the electric division, the company said in […]

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