Bloomberg Oil traded near $50 a barrel in New York as efforts by Venezuela’s president to seize more power raised speculation the US could step up sanctions. Futures were little changed after surging 8.6 percent last week. The US is said to be considering increasing sanctions against Venezuela’s oil industry, the Wall Street Journal reported, citing people familiar with the ...

Bloomberg There’s a new model emerging for growth-starved utilities looking to profit from America’s solar and wind power boom. American Electric Power Co. is using it for a $4.5 billion deal that’ll land the US utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc.’s Florida unit is using it ...

Bloomberg Three years into the biggest oil downturn in a generation, industry bosses see the recovery slipping further from view. It could easily take until the end of the decade for better times to return to an industry that’s already endured a longer slump than most people expected, according to Total SA Chief Executive Officer Patrick Pouyanne and Weatherford International ...