British Government to Rescue Another Ailing Steel Maker

The move, which comes after a court-approved liquidation of Speciality Steel, is meant to preserve jobs and domestic manufacturing.

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As Trump Curbs Wind Farms, Orsted Plans $9.4 Billion Share Offering

Shares of the Danish renewable energy developer tumbled after it would issue more stock to raise funds instead of divesting a stake in a wind farm off the U.S. coast.

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OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.

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BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.

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Large Oil Producers Around the Persian Gulf Ramp Up Exports

Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.

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Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks

Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.

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Iran’s Vital Oil Industry Is Vulnerable in an Escalating Conflict

The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

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British Government to Spend $19 Billion on New Nuclear Plant

The new project, called Sizewell C, will be expensive to build, but it will create 10,000 jobs and provide a steady supply of electric power for millions of homes.

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OPEC Plus Members Say They Will Fast-Track Oil Output

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.

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With US Trade Deal, UK Steel Industry Feels Some Much Needed Relief

The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.

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