Focus on Business
Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a...
Firm building QatarEnergy-Exxon LNG plant in Texas files for bankruptcy
The lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy and Exxon Mobil on Tuesday filed for Chapter 11 bankruptcy...
Natural disasters hit 1 in 5 US adults’ finances in 2023: Fed
The U.S. Federal Reserve's annual report into the economic wellbeing of American households found that 19 percent of adults reported being financially affected...
Suncor not rushing to secure additional supply for Base Plant oilsands facilities
Suncor Energy Inc. says it will be more than five years before it makes any significant investments to secure additional bitumen supply to...
Platinum loses shine amid BHP’s vast Anglo bid
Platinum is used in the manufacture of catalytic converters for high-polluting petrol engines — but demand has long been forecast to slump as...
PepsiCo expands EV fleet across California
PepsiCo to expand its EV fleet in California with the introduction of 50 Class 8 Tesla Semi trucks and 75 Ford E-Transit electric...
State officials call on top funds to vote against two Exxon directors
State financial officers and other public and labor leaders on Tuesday called for major asset managers to vote against top Exxon directors
Toyota mulls over $500 million investment into Texas plant
Toyota Motor's North America arm is seeking tax relief for a potential $531.7 million investment in its Texas facility
Hess facing three lawsuits over disclosures in Chevron deal
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.
Nissan pauses plans for EV production in US, Automotive News reports
Nissan Motor Co has paused production plans to build EVs in the US, Automotive News reported on Tuesday citing a memo sent to...
