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Amin H. Nasser was named acting president and chief executive of Saudi Aramco following a 23-year career at the company.
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U.S. transportation regulators issued new rules for railroads hauling crude oil and ethanol requiring trains to be equipped with new brake systems.
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Power company Calpine Corp. swung to a loss in its first quarter, as declines in power and natural gas prices paired with power plant divestures weighed on the company’s commodity margin.
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Tesla Motors unveiled a line of home and industrial battery packs, representing a strategic shift for the electric car company.
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FirstEnergy Corp. posted a 7% profit increase in its first quarter as benefits from transmission investments and colder weather helped offset lower average residential customer use.
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Canadian Oil Sands reported a net loss in the first quarter and further cut its 2015 capital spending plan to cope with a sharp drop in crude oil prices.
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First Solar Inc. swung to a loss in the first quarter as revenue plunged, saddled by project delays and completed projects held ahead of its proposed joint venture with fellow solar-panel maker SunPower Corp.
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The U.S. Navy has begun accompanying American-flagged commercial ships through the Strait of Hormuz, defense officials said, a vigorous response to Iran’s seizure of a Marshall Islands-flagged ship this week.
Railroads are facing a backlash from communities—not just against dangerous oil trains, but against the noise, delays and traffic jams caused by rail’s rapid expansion.
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The U.S. is investigating whether senior Russian officials took bribes from contractors involved in handling uranium sold to the U.S.
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Oil prices rose to a new 2015 high, capping their best-performing month in years, as traders bet that U.S. crude-oil supplies are near a peak.
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Pemex suffered a short-term drop in oil production from an April accident at a Gulf of Mexico processing platform, but is ramping output back up and expects to meet its 2015 goal of 2.29 million barrels of oil a day on average.
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