Drones Reach Stratospheric Heights in Race to Fly Higher, Longer
New military and commercial craft aim to go far higher than jumbo jets and stay there for months, offering a...
Energy
Market Bets on Cheaper Oil, Dashing Saudi Hopes for a Price Rebound
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to...
Shell Launches New Strategy Courting Investors, Not Activists
The energy major said it would share billions more from its record profits with investors while deepening its commitment to...
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal Business
The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Source link
WSJ News Exclusive | Exxon, Chevron Near Deals to Drill in Gas-Rich Algeria
The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge...
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Source link
Jeff Bezos’ Blue Origin Space Company Chosen to Develop Moon Lander for NASA
A team led by the company will develop a vehicle to transport astronauts to the lunar surface on a future...
$14 Billion Deal to Create Mega-Pipeline Company
The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. Source link
WSJ News Exclusive | Exxon Goes Lean With End of ‘God Pod’ Era
The oil company’s top management will inhabit a less-lavish executive suite at its glass-dominated campus near Houston. Source link
U.S. Trade With World Rose in March on Energy, Auto Shipments
ShareListen(2 min) Source link
Rise of EVs Drives Mining Deals to Decade High
Mining companies are back at the deals table as they battle for control of commodities essential for making electric cars...
Rocket Motor Shortage Curbs Weapons for Ukraine
BusinessEarningsLockheed Martin projects steady Ukraine-driven sales in 2023 Source link
Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
Fossil-Fuel Veterans Find Next Act With Green Hydrogen
Executives see similarities between the nascent industry and the early days of liquefied natural gas. Source link
Glencore Returns to Acquisitions With Offer for Teck Resources
BusinessCanadian miner rejects unsolicited offer from Swiss-based commodity company Source link
Europe Moves to Revive Mining to Cut Reliance on China
Competition for supplies of minerals and metals—and anticipated battery demand—is pushing the European Union to jump-start an industrial sector that...
Europe Unveils Clean-Tech Plans in Bid to Rival U.S., China
The European Commission’s proposals are aimed at making its industries more globally competitive in emerging environmental sectors. Source link
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
