Petrobras Steps Up Cost Cuts to Counter Fuel Subsidies

Petroleo Brasileiro SA (PETR4) is stepping up cost-cutting measures to avoid a fourth straight profit decline amid losses derived from government fuel subsidies.

British nuclear energy industry could attract South Korean investment

South Korea could become the next nation to take a stake in the British nuclear industry as the financing deal with France and China for a new reactor at Hinkley Point in Somerset creates a wave of wider interest.

Oil jumps as Syria conflict heats up

Oil prices rose roughly 3% Tuesday, as the U.S. government and its allies consider a military strike on Syria following the country's suspected use of chemical weapons.