Latest Energy markets News

Maryland Senate OKs consumer protection bill for residential energy customers

Mar. 08, 2024 17:13 PM EST

ANNAPOLIS, Md. (AP) — Maryland would create consumer protections for residential customers who opt to buy electricity from retail energy suppliers, under a bill approved by the state Senate on Friday, though critics say it will hurt competition and chase energy companies out of Maryland. ...

New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin

Mar. 07, 2024 22:54 PM EST

SANTA FE, N.M. (AP) — New Mexico's State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by the state Legislature to increase top-tier royalty rates, Land Commissioner Stephanie Garcia...

Saudi Arabia's crown prince transfers another 8% of Aramco shares to sovereign wealth fund

Mar. 07, 2024 08:56 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia's crown prince transferred another 8% of shares in the kingdom's oil giant Saudi Aramco to the country's prominent sovereign wealth fund on Thursday. The shares are worth some $160 billion. Crown Prince Mohammed bin Salman's decision...

Bulgaria's farmers are joining Europe-wide protests

Feb. 05, 2024 11:47 AM EST

SOFIA, Bulgaria (AP) — Hundreds of angry farmers took to the streets in Bulgaria’s capital, Sofia, on Monday to complain of what they called “the total failure” of the government to meet the mounting challenges of the agricultural sector. They called on Agriculture Minister...

Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations

Feb. 02, 2024 07:52 AM EST

Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. ...