Energy

Growing solar industry trend

Solar companies are creating Yieldcos, which generates capital to fund new power projects. Morgan Brennan explains the growing trend.

Danger on the rails?

A massive fire from a derailed train carrying crude has some wondering how the commodity can be safely transported.

Ty Wright | Bloomberg | Getty Images
A rig hand removes drill pipe from a natural gas well at a hydraulic fracturing site in Washington Township, Pennsylvania.

A tiny start-up in Boston is pioneering a revolution in the wastewater treatment industry that could turn it on its head: a forward-osmosis technology to purify the water used in fracking. Backed by $35 million in total financing, 45 patents and a team of 60 full-time employees that counts veterans of GE and Siemens among …

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Men employed in the oil industry wait in line for food at a service station in Odessa, Texas, Feb. 4, 2015.

The fall to six-year lows in oil prices has been swift and unexpected. The pace of energy sector layoffs in recent weeks has been similarly quick, if not so surprising. Job cuts are inevitable as oil and gas companies watch commodity prices tumble, but layoffs today could have significant ramifications for the sector tomorrow. For …

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The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high. The price of Brent and WTI crude oil veered between losses and gains in early trading. By 12:00 p.m. GMT, Brent was around 1.3 percent higher at $54.89 a barrel and …

Sergei Karpukhin | Reuters
A worker inspects valves and pipes at an oil gathering station in Russia, January 28, 2015.

Oil prices have rallied off their post-crisis lows, in a move that may mark the bottom of the rout as producers’ cutbacks begin pinching supply, some analysts said. “We’ve seen the lows for the year,” Daniel Morgan, global commodity analyst at UBS, told CNBC, citing producers’ steps to decrease counts and aggressively cut capital spending. …

Main Street & low gas prices

Low gas prices are helping small businesses in more ways than one.

Successful January for autos

Low gas prices and an improving economy helped send auto sales much higher in January.

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Oil prices rallied again Tuesday, with producers announcing spending cuts that added to a slew of positive factors helping to drive the commodity higher. U.S. crude climbed more than $1.50 a barrel on Tuesday and was trading above $51 a barrel by 12:30 p.m GMT (7:30 a.m. EST). Brent crude for March delivery opened at …

Oil companies slash spending

Chevron is the latest energy company to slash spending as oil prices plunge.

branex | iStock | Getty Images

After countless oil price downgrades, analysts at Goldman Sachs have cut their outlook for the commodity sector as a whole. Goldman downgraded commodities on Wednesday—including energy, metals, agriculture and livestock—to “underweight” from “neutral” on a 3-month basis. “Despite the large declines in commodity prices, we see risks as still skewed to the downside over the …

Reaction to death of Saudi king

Investors paid close attention to Saudi Arabia, the world’s largest exporter of petroleum and what effect the death of the Saudi king may have on the energy markets.

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A gas station on Jan. 20, 2015 in Dellwood, Mo.

Gas prices went down in 2014. We know that. In fact, the average national gas price in December 2014 was a slim $2.50, down significantly from $3.25 a year prior, in December 2013. But did that drop in prices lead to fatter wallets, or did Americans spend more on everything else instead? According to exclusive …

Layoffs hit the oil patch

The steady decline in oil prices is now prompting some energy companies to scale back, not only on production, but also on their workforce.

Mario Anzuoni | Reuters
Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, Calif.

The U.S. solar industry employs nearly 174,000 Americans, up nearly 22 percent in a year. “Solar employment grew nearly 20 times faster than the national average employment growth rate,” said The Solar Foundation, which released the numbers Thursday in its annual census on solar jobs. While 174,000 jobs is little more than one-tenth of 1 …