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CNBC Utilities Page Wires

  • *Royal Commission on financial misconduct moves to farm lending. SYDNEY, June 24- Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013.. Fox's story encapsulates the issues...

  • DOON, Iowa— The Latest on the crude oil leaking after a train derailment in northwest Iowa:. BNSF spokesman Andy Williams confirmed the details Saturday. Kim Reynolds is set to visit the site of an oil train derailment and oil spill in the northwestern corner of the state.

  • DOON, Iowa— Crews were scrambling Saturday to clean up a BNSF oil train derailment in northwest Iowa that dumped crude into floodwaters, while officials seek to get a handle on the extent of the spill and its cause. Thirty-three oil tanker cars derailed Friday just south of Doon in Lyon County, leaking oil into surrounding floodwaters from the swollen Little Rock...

  • VIENNA, June 23- Iran said on Saturday the world will see little extra oil reaching the market if OPEC and its partners adhere properly to a supply pact, underlining a disagreement with top exporter Saudi Arabia. OPEC and a group of non- OPEC countries agreed on Saturday that they would return to 100 percent compliance with previously agreed oil output cuts, after...

  • ALGIERS, June 23- Algeria's foreign exchange reserves fell by $7.3 billion in the first five months of this year and are expected to decline by $5 billion from now until the end of the year, Prime Minister Ahmed Ouyahia said on Saturday. "Reserves stood at $90 billion at the end of May and should decline to $85 billion by the end of 2018," Ouyahia said after a meeting...

  • LINDSAY, Okla.— Danny Daniels, an evangelical Christian in the rural Oklahoma town of Lindsay, is reliably conservative on just about every political issue. "Some people said I couldn't be a pastor and support medical marijuana, but I would say most of the people I know, including the Christians I pastor, are in favor of it," said Daniels, pastor of Better Life Community...

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • Union workers at Bombardier's Downsview plant in Canada's largest city Toronto assemble several large-cabin business jets, along with the Q400 turboprops. The union talks follow Bombardier's May announcement that it had agreed to sell the sprawling Downsview site, the companys largest land asset, to a Canadian pension fund for approximately $635 million.

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *Trump threatened to impose 20 percent tariff. PARIS, June 23- The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki...

  • NEW YORK— While a Supreme Court ruling on sales taxes will create more obligations and expenses for many small online retailers, owners are already thinking about how they'll comply. The decision allows states to require out-of-state businesses to collect sales tax from customers in other states— for example, a retailer in Utah who sells goods to a customer in...

  • SANTIAGO, June 23- Chile`s Codelco, the world's top copper miner, said late on Friday evening that workers' unions at its small Salvador copper division had rejected an early wage deal from the company, pushing off further negotiations until later this year when its contract expires. Codelco has long been battling to keep a lid on costs at Salvador, which produced...

  • VIENNA— OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil— a move that should help contain the recent rise in global energy prices. Russia and other oil-producing allies said after their meeting in Vienna with OPEC countries they...

  • WASHINGTON— President Donald Trump is distorting the truth when it comes to the impact of his administration's policy regarding separating children from their parents at the U.S. border. He falsely suggests that a newly signed executive order will permanently solve the problem of separations by keeping families together when they are detained for...

  • PARIS, June 23- European Union authorities will respond to any U.S. move to raise tariffs on cars made in the bloc, EU Commission Vice President Jyrki Katainen told French newspaper Le Monde. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of EU-assembled cars. "If they decide to raise...

  • EU'S KATAINEN SAYS TRADE MATTERS SHOULD NOT BE DEBATED IN PUBLIC VIA TWITTER, SEEKS TO AVOID INCREASING TENSIONS- LE MONDE.

  • EU'S KATAINEN SAYS EUROPEAN AUTHORITIES WILL HAVE NO CHOICE BUT TO REACT TO ANY POTENTIAL U.S.

  • *No figures expected on Saturday- OPEC sources. VIENNA, June 23- OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Non- OPEC oil producers are now holding talks with OPEC in an effort to secure...

  • LONDON— Tens of thousands of anti-Brexit protesters marched Saturday in London to demand a new referendum on leaving the European Union, as a divided Britain marked the second anniversary of its vote to quit the bloc. Britain voted 52 percent to 48 percent on June 23, 2016 to quit the EU, and its official exit is slated for March 29, 2019. Opponents of Brexit, many...