Latest Energy industry News

Wall Street builds on gains, heads for 4-week winning streak

Aug. 12, 2022 10:44 AM EDT

NEW YORK (AP) — Stocks rose broadly in morning trading on Wall Street Friday and added to weekly gains for the major indexes. The S&P 500 rose 0.7% as of 10:19 a.m. Eastern and roughly 85% of stocks in the benchmark index gained ground. It is on track for its first four-week...

Ship heads to Ukraine to get grain for food-starved Africa

Aug. 12, 2022 10:36 AM EDT

KYIV, Ukraine (AP) — A ship approached Ukraine on Friday to pick up wheat for hungry people in Ethiopia, in the first food delivery to Africa under a U.N.-brokered plan to unblock grain trapped by Russia’s war on Ukraine and bring relief to some of the millions worldwide on the brink of...

Minnesota regulators cut $60m from storm response costs

Aug. 12, 2022 10:23 AM EDT

MINNEAPOLIS (AP) — Minnesota regulators have blocked the state’s natural gas providers from passing along $60 million in costs they incurred responding to a 2021 storm to ratepayers. The Minneapolis Star Tribune reported the Public Utilities Commission made the decision...

India to miss renewable energy goal, officials, experts say

Aug. 12, 2022 10:14 AM EDT

BENGALURU, India (AP) — India will miss its renewable energy target for the end of the year, with experts saying “multiple challenges” including a lack of financial help and taxes on imported components are stalling the clean energy industry. The country has installed just over...

Oil company cleaning up spill in Dunn County

Aug. 12, 2022 09:48 AM EDT

BISMARCK, N.D. (AP) — An oil company is cleaning up a spill in Dunn County. Officials with the state Department of Environmental Quality said that Leland Oil and Gas notified state agencies of the spill from a bulk oil tank about 3.5 miles northeast of Killdeer on Monday. The...

Portugal: EU eyes Iberia-Italy pipeline to get gas to Europe

Aug. 12, 2022 08:36 AM EDT

LISBON, Portugal (AP) — European authorities are considering a liquefied natural gas pipeline from Spain to Italy as a way of getting around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe, Portugal's prime minister said Friday. ...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 08:30 AM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Senate climate bill has West Virginia written all over it

Aug. 12, 2022 07:14 AM EDT

CHARLESTON, W.Va. (AP) — The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor. The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely...

Asian shares mixed after new signs of cooling inflation

Aug. 12, 2022 00:47 AM EDT

BANGKOK (AP) — Shares were mixed Friday in Asia after a muddled day on Wall Street, where benchmarks meandered following another encouraging report about inflation. Tokyo’s Nikkei 225 surged 2.5%, catching up on gains after being closed Thursday for a holiday. Hong Kong and...

Nuke or no nuke? California officials ponder nuclear future

Aug. 12, 2022 00:13 AM EDT

LOS ANGELES (AP) — The California Legislature has less than three weeks to determine if it will take an extraordinary step and attempt to extend the life of California's last operating nuclear plant, a decision that would be made amid looming questions over the cost and who would pay and...