US seeks up to 3 million barrels of oil for emergency reserve
The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next…
US Gulf of Maine offshore wind auction poses test for beleaguered industry
President Joe Biden's administration on Tuesday will kick off a sale of offshore wind development rights for eight areas off the coasts of northern New…
U.S. senators urge overhaul of customs program to stop fentanyl chemical smuggling
Prominent U.S. Democratic senators on Tuesday called on the Biden administration to crack down on a popular duty-free customs program after Reuters reporting revealed how…
US Steelworkers union looks to clean energy to replace job losses at oil refineries
The United Steelworkers union is counting on clean energy projects to spur membership growth, offsetting losses at oil refining and petrochemical plants, a union official…
Refiner Phillips 66 reports lower third-quarter profit on weak fuel demand
Phillips 66 posted a fall in quarterly profit on Tuesday, hurt by a slump in margins due to lackluster fuel demand.
JetBlue’s full-year revenue forecast misses estimates, shares fall
JetBlue Airways forecast a bigger-than-expected fall in 2024 revenue amid a moderation in domestic travel demand ahead of the upcoming U.S. elections, sending its shares…
Lufthansa reports 9% drop in third-quarter profit as core brand struggles
German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines…
US goods trade deficit widens sharply in September on imports
The U.S. trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in…
Net zero target needs $3.5 trillion in annual green energy investment, Wood Mackenzie says
Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of…
Why are plastic storage containers becoming popular in retail and manufacturing sectors?
Discover why plastic storage containers are a top choice for retail and manufacturing sectors, from offering durability and efficiency to eco-friendly benefits.
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