Latest Energy industry News
Venezuela sanctions set off fight for 'plundered' oil cargo
MIAMI (AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial dispute, which hasn’t been previously...
World stocks mostly dip with US closed for holiday
World stock markets fell slightly in Europe on Friday after gains in Asia, with trading somewhat subdued by a long holiday weekend in the U.S. With Wall Street remaining closed in observance of Independence Day, Germany's DAX edged 0.6% lower to 12,528.18. The CAC 40 in Paris dropped 0.8% to 5,007.14, while...
Germany is first major economy to phase out coal and nuclear
BERLIN (AP) — German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayers' money. Bills approved by both houses of parliament Friday envision...
UN agency: North Europe radiation likely linked to reactor
BERLIN (AP) — The U.N. nuclear agency said Friday that slightly elevated levels of radioactivity detected in northern Europe likely were related to a nuclear reactor that was either operating or undergoing maintenance, but it's still unclear where it is located. Estonia, Finland and Sweden last week...
Asian shares advance following upbeat US jobs report
Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. Tokyo's Nikkei 225 index picked up 0.3% to 22,220.33, while the Shanghai Composite index jumped 1.3% to 3,130.62. In South Korea, the Kospi gained 0.6% to 2,148.24, and Australia's S&P/ASX 200 rose 0.6% to 6,067.30....
US tries to seize Iranian gas heading toward Venezuela
MIAMI (AP) — U.S. federal prosecutors are seeking to seize four tankers sailing toward Venezuela with gasoline supplied by Iran, the latest attempt to disrupt ever-closer trade ties between the two heavily sanctioned anti-American allies. The civil-forfeiture complaint filed late Wednesday in the District...
PG&E exits bankruptcy, pays $5 billion into wildfire fund
SAN FRANCISCO (AP) — Pacific Gas & Electric has emerged from a contentious bankruptcy saga that began after its long-neglected electrical grid ignited wildfires in California that killed more than 100 people. The nation's largest utility announced Wednesday it emerged from Chapter 11 bankruptcy and...
Canada high court dismisses Indigenous appeal of pipeline
TORONTO (AP) — The Supreme Court of Canada on Thursday dismissed an appeal from British Columbia First Nations against the Trans Mountain pipeline expansion that would nearly triple the flow of oil from the Alberta oil sands to the Pacific Coast The court dismissed the appeal from the Squamish Nation,...
Analysts: Fire at Iran nuclear site hit centrifuge facility
DUBAI, United Arab Emirates (AP) — A fire and an explosion struck a centrifuge production plant above Iran's underground Natanz nuclear enrichment facility early Thursday, analysts said, one of the most-tightly guarded sites in all of the Islamic Republic after earlier acts of sabotage there. The Atomic...
Saudi-led coalition launches new strikes on Yemeni capital
CAIRO (AP) — The Saudi-led coalition fighting Iran-backed rebels in Yemen said Thursday that it unleashed a new air campaign on the war-torn country's capital and on other provinces, in retaliation for drone attacks on Saudi Arabia that were claimed by the rebels. “The targeting of civilians and...
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