Progress Energy cuts outlook
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Power company Progress Energy Inc. lowered its 2004 earnings outlook Friday because damage from Hurricanes Charley, Frances and Ivan limits the amount of tax credits the company can claim for its synthetic fuel production.
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Oil giant BP Plc  slashed its growth targets and raised spending plans on Tuesday, hitting its shares, as it reported better than expected, but falling, fourth quarter profits.
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year. Economy Minister Wolfgang Clement said on Monday that the government expected growth of 1.8% this year, falling to 1.7% in 2005.
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British Gas announces it is to reduce its gas and electricity prices next month, raising hopes of cuts by other firms.
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The nationâs leading effort to build a coal-fired electric plant that will capture and store its carbon emissions will take a shaky step forward on Tuesday.
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RWE AG, Germany s second-largest utility, cut its profit forecast for this year because of costs for asset sales and higher coal prices.
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Pie charts compare energy sources now to goals for 2030. It had better not be pie in the sky, or the sky may be falling.
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U.S. blue chips trimmed gains on  Friday after a senior OPEC delegate said the producer group  cannot rule out cutting oil production if oil prices slide  further and monthly U.S. jobs data showed weaker-than-expected  growth.
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The International Monetary Fund (IMF) yesterday cut its 2005 outlook and warned that the high price of oil threatened to curb global economic growth, which it said would be the strongest this year for almost 30 years.
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Crude oil futures begin to factor in colder weather in the US Northeast and OPEC decision to cut production to keep the prices high.
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The OECD cut its 2005 economic growth forecast for the euro zone and other major economies on Tuesday, blaming a &quot;surge in oil prices&quot; and the slide in the dollar.
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US economic growth will slow to 3.3 per cent in 2005, more than a full percentage point below this year, with the effect of high energy prices dragging on the economy for the next few quarters, the OECD said on Tuesday.
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Illinois Tool Works Inc.  cut its quarterly profit outlook on Friday, becoming the latest manufacturer to warn of the effects of a slowing U.S. economy.
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Solar and wind industry bemoan removal of renewable energy tax credit which executives said will slow industry down.
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Crude oil fell on skepticism that members of the Organization of Petroleum Exporting Countries will enact promised production cuts.
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OAO Yukos said it is cutting its oil-output growth forecast for 2004 and would reduce its capital expenditures, in a sign that its conflict with the Kremlin was hurting the expansion of Russia&#39;s biggest oil exporter.
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No. 1 U.S. railroad Union Pacific Corp  on Wednesday lowered its fourth-quarter outlook by roughly 20 cents per share due to rapidly rising fuel costs, sending its shares down as much as 6 percent.