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CNBC Energy

Puerto Rico's governor courts new investors to rebuild the power grid despite defaulting on past promises
Gov. Ricardo Rossello of Puerto Rico says he needs new money to rebuild the hurricane-damaged "1950s energy grid."

Macron and North Korea may buy time for the Iran deal, but it will likely still collapse
Bilateral diplomatic efforts may buy time for the Iran deal, but it is likely to collapse anyway, analysts say.

A.I. could lead to a nuclear war by 2040, think tank warns
AI in the future could encourage human actors to make catastrophic decisions, researchers at the nonprofit RAND Corporation said.

The wind industry added more than 52 gigawatts of power in 2017, and China led the way
The wind industry is set to return to "dramatic growth" in next couple of years, according to Global Wind Energy Council.

Oil prices slip after surprise jump in US crude stockpiles
Oil prices on Wednesday fell back from more than three-year highs reached the previous session.

WorldOil

Statoil shows a return to better times is within reach
Statoil ASA showed that a return to profit levels from the era of $100/bbl is within the grasp of the world’s oil giants.

Oil holds loss as hope of new Iran deal eases sanction concern
Oil held losses below $68/bbl after French President Emmanuel Macron called for a new Iran nuclear deal to keep the U.S. on board, raising speculation sanctions on the OPEC producer may be averted.

Fracers preach patience on payoff from $70 oil, growth in shale
The world’s biggest oilfield service companies have a message for investors: There’s a payoff for patience.