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CNBC Utilities Page Wires

  • 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.

  • *Can cut debt by $50 billion by axing mega projects. KUALA LUMPUR, May 26- Malaysia is haggling over the terms of a $14 billion rail deal with its Chinese partners and can reduce its ballooning national debts by $50 billion by doing away with mega projects, its prime minister said in an interview published on Saturday. The project was planned to stretch 688...

  • ISTANBUL, May 26- Turkish President Tayyip Erdogan called on Turks on Saturday to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its value against the U.S. currency this year. "My brothers who have dollars or euros under their pillow. We will thwart this game together, "Erdogan said at a...

  • TURKISH PRESIDENT ERDOGAN CALLS ON TURKS TO CONVERT DOLLAR, EURO SAVINGS INTO LIRA.

  • PORTLAND, Maine— A buyer with a penchant for vintage denim has plunked down nearly $100,000 for a pair of truly vintage jeans that come from the American Old West. The 125- year-old Levi Strauss& Co. blue jeans, which failed to sell at auction in 2016, now have a new owner somewhere in Southeast Asia. The denim was produced at a mill in New Hampshire, and the jeans were...

  • PARIS— Thousands of protesters marched under tight security in eastern Paris on Saturday after French labor unions, left-wing political parties and civil rights groups called for "floods of people" to oppose the economic policies of President Emmanuel Macron. At the Paris event, Philippe Martinez, head of leading French union CGT, advised the president to "look...

  • But as the high renaissance of craft beer in New England has thrived, Rhode Island has struggled to keep up— until now. Rhode Island saw a higher proportional increase in brewery licenses from 2016 to 2017 than any other state besides Oklahoma, according to federal data. "In Rhode Island, we have seen some improvements," Watson said.

  • 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. In the text of a speech 1/ 8...

  • YENAGOA, Nigeria, May 26- A fire broke out on an onshore oil rig in Nigeria's Niger Delta on Saturday, three witnesses told Reuters, adding that the fire was still burning as of noon. The barge rig, the Majestic, is operated by Nigerian oil firm Depthwize, according to the company's website. Depthwize did not immediately respond to a call and email seeking comment.

  • BRUSSELS, May 26- EU Brexit negotiator Michel Barnier warned Britain on Saturday that failing to agree a deal on the governance of a withdrawal treaty which preserves the primacy of the EU court would mean no treaty and no transition period. Barnier also described British delays in spelling out what kind of trade relationship London wants as "a game of hide and...

  • BERLIN— The European Union's budget commissioner says he hopes Italy's prospective new government will master a "big learning curve," and cautions that the eurozone's rescue fund wouldn't be able to stabilize the country. Law professor Giuseppe Conte is trying to form a government of two populist parties. EU budget chief Guenther Oettinger told Germany's...