Latest Energy industry News

Average US gasoline price falls 45 cents to $4.10 per gallon

Aug. 14, 2022 13:16 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low. ...

Ship carrying grain for hungry Ethiopia leaves Ukraine

Aug. 14, 2022 11:01 AM EDT

KYIV, Ukraine (AP) — A United Nations-chartered ship loaded with 23,000 metric tons of Ukrainian grain destined for Ethiopia set sail Sunday from a Black Sea port, the first shipment of its kind in a program to assist countries facing famine. The Liberia-flagged Brave Commander...

High oil prices help Saudi Aramco earn $88B in first half

Aug. 14, 2022 10:23 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince's spending power as...

Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter

Aug. 14, 2022 02:52 AM EDT
DUBAI, United Arab Emirates (AP) — Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter.

Climate bill: Could coal communities shift to nuclear?

Aug. 13, 2022 13:20 PM EDT

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The...

Russian shelling heavy in east; Ukraine strikes key bridge

Aug. 13, 2022 14:31 PM EDT

KYIV, Ukraine (AP) — Russia's military pounded residential areas across Ukraine overnight, claiming gains, as Ukrainian forces pressed a counteroffensive to try to take back an occupied southern region, striking the last working bridge over a river in the Russian-occupied Kherson region,...

Germany urged to cap heat in offices this winter to save gas

Aug. 13, 2022 12:59 PM EDT

BERLIN (AP) — German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country's consumption of natural gas, Germany’s economy minister said Saturday. Germany, the European...

Gas prices below $4 per gallon for first time since March

Aug. 13, 2022 10:30 AM EDT

TRENTON, N.J. (AP) — Gas prices have dropped below $4 a gallon on average across the nation for the first time since early March as lower crude oil prices helped offset an increase in demand, analysts said. AAA Mid-Atlantic says the average price of a gallon of regular gas in New...

Monkeypox? Climate? Deciding what's a national emergency

Aug. 13, 2022 09:12 AM EDT

WASHINGTON (AP) — In November 1979, a little over a week after student militants seized control of the U.S. Embassy in Tehran and took 52 American citizens hostage, President Jimmy Carter issued Executive Order 12170 declaring a national emergency against Iran. That order remains...

Pipeline break spills 45,000 gallons of diesel in Wyoming

Aug. 12, 2022 19:28 PM EDT

BILLINGS, Mont. (AP) — A diesel pipeline in Wyoming owned by a company that's being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons (205,000 liters) of fuel, state regulators and a company representative disclosed Friday. ...