Stories by Jonathan Fahey

Wednesday, March 4, 2015

Exxon CEO: Oil prices to stay low

NEW YORK - Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.
By Jonathan Fahey

Tuesday, March 3, 2015

US oil storage facilities almost full

NEW YORK - The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
By Jonathan Fahey

Tuesday, Feb. 17, 2015

Why refinery strike has had little bite at gas pump

NEW YORK — Gasoline prices can spike for all kinds of reasons that make drivers skeptical: “tension” in the Middle East, or refinery maintenance. A refinery strike, however, would seem ...
By Jonathan Fahey

Friday, Jan. 23, 2015

GE earnings rise despite headwinds from low oil prices

NEW YORK — General Electric Co. posted higher revenue and net income for the fourth quarter, but was held back from even better results by a sputtering performance from its expanding oil and gas ...
By Jonathan Fahey

Monday, Jan. 5, 2015

The price of US oil dips briefly below $50

Oil plunge continues, dips below $50 for first time since April 2009.
By Jonathan Fahey

Monday, Dec. 15, 2014

Oil supplies increase, prices go down

Oil supplies have increased while prices at the pump decrease by half. Here's why and what you need to know.
By Jonathan Fahey

Friday, Dec. 12, 2014

Gas stations cheer lower gas prices

NEW YORK - So you think you are finally getting one over on the gas stations as you pay well under $3 a gallon for the first time in four years? Guess again. Gas stations love low prices too.
By Jonathan Fahey

Tuesday, Dec. 9, 2014

Exxon sees abundant oil, gas far into future

Exxon: US headed toward being net oil exporter, sees growing use despite climate concerns.
By Jonathan Fahey

Monday, Nov. 17, 2014

Halliburton buying Baker Hughes in $34.6 billion deal

In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oil field services company Baker Hughes for cash and stock worth $34.6 billion.
By Jonathan Fahey

Wednesday, Nov. 12, 2014

National average price of gas to average less than $3 for 2015

The average price of gasoline will be below $3 a gallon in 2015, the government predicted Wednesday. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared ...
By Jonathan Fahey

Saturday, Nov. 1, 2014

1st time in 4 years, gas under $3

NEW YORK - The sight is so surprising that Amer­icans are sharing photos of it, along with all those cute Halloween costumes, sweeping vistas and special meals: The gas station sign, with a ...
By Jonathan Fahey

Friday, Oct. 31, 2014

Exxon, Chevron post higher earnings despite low oil prices

NEW YORK - Exxon and Chevron leaned on strong performances from their refining operations to increase profits in the third quarter despite plummeting global oil prices.
By Jonathan Fahey

Exxon earns $8 billion

NEW YORK — ExxonMobil Corp.’s refining and chemical operations rescued the company’s third quarter results amid falling global oil prices and lower oil and gas production.
By Jonathan Fahey

Friday, Oct. 17, 2014

GE sees strong US economy as profit rises

NEW YORK — General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial ...
By Jonathan Fahey

Monday, Oct. 13, 2014

Why drop in oil prices could squeeze US economy

Drivers, shippers, airlines enjoy plunge in oil prices, but there are downsides for US economy.
By Jonathan Fahey

Wednesday, Oct. 8, 2014

SolarCity loan deal could propel rooftop market

NEW YORK — SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption.
By Jonathan Fahey

Tuesday, Oct. 7, 2014

US predicts less oppressive heating bills this winter

NEW YORK - Heating bills should be lower this winter because the deep freeze that chilled much of the nation last year is unlikely to return.
By Jonathan Fahey

Thursday, Sept. 25, 2014

Gas prices falling

Pump price to fall below $3 in many states due to lower oil prices, typical autumn slide.
By Jonathan Fahey

Monday, Sept. 22, 2014

Businesses press for policy changes to help climate

Ahead of United Nations summit on climate change, businesses and investors are pressing for market-based solutions.
By Jonathan Fahey

Monday, Sept. 8, 2014

Electrolux to buy GE Appliances in $3.3B deal

Electrolux to buy appliance division of General Electric in $3.3 billion deal.
By Jonathan Fahey
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