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CNBC Utilities Page Wires

  • TORONTO, May 26- Union members representing Canadian Pacific Railway Ltd's conductors and locomotive engineers have served a notice to go on strike as early as May 29, according to a union statement released on Saturday. Commuter train services would not be affected in the event of a strike by Teamster members. The union members are committed to working with...

  • *Talks among Saudi Arabia, Russia, UAE in St. Petersburg. ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, weeks after U.S. Trump tweeted last month that OPEC had "artificially" boosted oil prices.

  • TORONTO, May 26- Union members representing Canadian Pacific Railway Ltd's conductors and locomotive engineers have served a notice to go on strike as early as May 29, according to a union statement released on Saturday. The strike notice comes a day after the union rejected the company's latest contract offer. "After workers at CP voted to reject the last...

  • MOSCOW, May 26- Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an arbitration dispute over the terms of gas supplies. Turkey had delayed issuing a permit for the Russian company to start building the land-based parts of the pipeline which, if...

  • ISTANBUL, May 26- Turkey and Russia have reached a retroactive agreement for a 10.25 percent discount on the natural gas Ankara buys from Moscow, Turkish President Tayyip Erdogan said on Saturday. Speaking at an election rally in eastern Turkey's Erzurum, Erdogan said a $1 billion payment will be made to Turkey under the deal, which followed a Turkish request for...

  • MOSCOW, May 26- A return to the oil production levels that were in place in October 2016, baseline for the current deal to cut output, is one of the options for easing curbs, Russia's energy minister said on Saturday. Sources said this week that Saudi Arabia and Russia were discussing raising OPEC and non- OPEC oil production to ease 17 months of strict supply curbs...

  • MOSCOW— Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe met in Moscow on Saturday for talks that included resolving a dispute over four Pacific islands and eventually signing a peace treaty. Abe has been pushing for a way forward in the dispute that centers on the four most southern of the Kuril Islands, which Japan calls the Northern...

  • PHOENIX— Until recently, Lilly Mucarsel has spoken Spanish just about everywhere since arriving in the United States from Ecuador three decades ago: at the library, the movies, the grocery store. Being multilingual in the United States brings advantages like job opportunities and social connections. But speaking something other than English in some public...

  • MOSCOW, May 26- Russian Energy Minister Alexander Novak said on Saturday it was possible for the participants of the global oil output cut deal to bring their oil production back to the level of October 2016. The level is the baseline for the current agreement which expires at the end of 2018.. "But a decision will be made in June," he added, referring to a meeting...

  • ROME, May 26- Italy's prime minister-designate's efforts to put together a cabinet remained stymied on Saturday as his political backers pushed for a eurosceptic economy minister who the president has so far refused to accept. President Sergio Mattarella on Wednesday gave Giuseppe Conte, a law professor and political novice, a mandate to form a coalition...

  • Sources said this week that Saudi Arabia and Russia were discussing raising OPEC and non- OPEC oil production to ease 17 months of strict supply curbs amid concerns that a price rally has gone too far. OPEC and non- OPEC ministers meet in Vienna on June 22-23, and a final decision will be taken there. An industry source told Reuters that one of the options under...

  • *EU negotiator wants "clarity" on UK customs approach. In pointed remarks after an ill-tempered week of talks in Brussels, Michel Barnier insisted he would not be intimidated by what he called a "blame game" from London of accusing the EU of inflexibility in rejecting British demands for close cooperation on security, trade and other issues after Brexit.

  • SAO PAULO, May 26- A truckers protest over diesel prices in Brazil that is hurting supplies of fuel, food and medicines continued for the sixth day on Saturday despite President Michel Temer ordering the military to clear blocked roads the day before. Major cities have declared a state of emergency as gas stations and airports ran out of fuel, supermarket shelves...

  • CAIRO— An Egyptian court has ordered the suspension for one month of video-sharing website, YouTube, and others sharing a video found to be insulting the Muslim Prophet Mohammed. The Supreme Administrative Court's ruling on Saturday dismisses appeals against a similar 2013 ruling, including one by the National Telecommunication Regulatory Authority...

  • DUBAI, May 26- The start-up of the Arab world's first nuclear reactor- in the United Arab Emirates- has been delayed and should start operations between the end of 2019 and early 2020, the plant's operator said on Saturday. Nawah Energy Company, the operator of the Barakah Nuclear Energy Plant in the Al-Dhafra Region of Abu Dhabi, said it "has completed a...

  • SALT LAKE CITY— A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press. Data from the Model S electric vehicle show it picked up speed for 3.5 seconds before crashing into the firetruck in suburban Salt Lake City, the report...

  • OPEC and non- OPEC countries will work out the parameters for easing the cuts within a month after a thorough analysis of the market, Novak was quoted as saying. Sources said this week that Saudi Arabia and Russia were discussing raising OPEC and non- OPEC oil production to ease 17 months of strict supply curbs amid concerns that a price rally has gone too far.

  • RIO DE JANEIRO— Bus and metro services in several Brazilian cities have been reduced and several flights have been cancelled as a truckers' strike enters its sixth day. Brazil's public security ministry issued a statement Saturday saying that about 20 percent of more than 500 areas where truckers had been blocking the roads have been cleared.

  • Alabama: O. B. Grayson Hall Jr., Regions Financial, $9.4 million. Arkansas: C. Douglas McMillon, Walmart, $22.8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan, $16.2 million.

  • The typical CEO in the industry made $14.9 million last year, which means half earned more than that, and half made less. A look at the top and bottom-paid CEOs last year, by industry, as calculated by The Associated Press and Equilar, an executive data firm. Health care, median compensation of $14.9 million, up 10 percent from a year earlier.