Stories by Jonathan Fahey

Tuesday, Aug 4, 2015

Consumers enjoying lower energy costs amid rout in fossil fuel prices

NEW YORK - These days it seems whatever can be burned to power a car, heat a home, make electricity or ship people and goods around the globe is being sold at bargain basement prices.
By Jonathan Fahey

Wednesday, July 8, 2015

Technical difficulties upend service at United Airlines, NYSE and WSJ

NEW YORK - It was a rough day for tech: The nation's biggest airline, its oldest stock exchange, and its most prominent business newspaper all suffered technology problems that upended service for ...
By Jonathan Fahey

Monday, July 6, 2015

As oil price falls, low gas prices projected this fall

A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year.
By Jonathan Fahey

Monday, June 8, 2015

American Pharoah owners look to capitalize on Triple Crown

NEW YORK - American Pharoah's owners and thoroughbred racing now have a new race to run: A race to capitalize on the horse's Triple Crown victory.
By Jonathan Fahey

Saturday, May 23, 2015

On The Money: What do you really get for a $7,000 Tesla home battery?

NEW YORK — Tesla's home battery has captivated imaginations, but what do you really get for your money?
By Jonathan Fahey

Friday, April 3, 2015

Exxon CEO talks Arctic oil drilling, risks, lessons

WASHINGTON — The Arctic is the next great frontier for oil and gas — and one of the most environmentally fragile places on earth.
By Jonathan Fahey

Friday, March 27, 2015

US drillers are fighting back against OPEC, low oil prices

NEW YORK — OPEC and lower global oil prices have delivered a one-two punch to drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil ...
By Jonathan Fahey

Friday, March 13, 2015

Price of oil falls again

NEW YORK - The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
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

Thursday, Nov. 13, 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
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