Latest Energy industry News

President Joe Biden delivers remarks on the economy in the State Dining Room of the White House, Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Mexican leader says Biden offers $4B for Central America

Jan. 23, 2021 3:50 PM EST

WASHINGTON (AP) — President Joe Biden's first calls to foreign leaders went to Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at a strained moment for the U.S. relationship with its North American neighbors. Mexico's president said Saturday that Biden...

FILE - In this Jan. 30, 2017, file photo, waste salt, foreground, is shown near an evaporation pond at the Silver Peak lithium mine near Tonopah, Nev.  The Trump administration granted final approval for a proposed northern Nevada lithium mine, one of several eleventh-hour moves made by the Department of Interior to greenlight mining and energy projects. Unlike some other approvals, which are likely to be revoked, President Biden has voiced support for lithium mining as part of his clean energy plans.  (Steve Marcus/Las Vegas Sun via AP, File)

Mine OK'd in Trump's last days may boost Biden energy plan

Jan. 23, 2021 11:42 AM EST

CARSON CITY, Nev. (AP) — One of the keys to President Joe Biden’s $2 trillion clean energy plan could be a mineral that lies in a salt flat above a prehistoric volcano just south of the Oregon-Nevada line. But the question of how to extract lithium and whether former President Donald Trump’s...

Vehicles submerged in flood waters in Beira, Mozambique Saturday, Jan. 23, 2021. The Mozambican port city of Beira breathed a sigh of relief as Cyclone Eloise caused less damage than feared as it passed through, but the danger of flooding remained in a region still recovering from a devastating cyclone two years ago. (AP Photo/Michael Jensen)

Cyclone weakens in central Mozambique, but flooding a threat

Jan. 23, 2021 11:23 AM EST

JOHANNESBURG (AP) — The Mozambican port city of Beira breathed a sigh of relief Saturday as Cyclone Eloise caused less damage than feared as it passed through, but the danger of flooding remained in a region still recovering from a devastating cyclone two years ago. “We all feel it’s been...

President Joe Biden delivers remarks on the economy in the State Dining Room of the White House, Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Biden calls Canada's Trudeau, Mexico's López Obrador

Jan. 22, 2021 9:52 PM EST

WASHINGTON (AP) — President Joe Biden made his first calls to foreign leaders as America's commander in chief on Friday, dialing up Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador at a strained moment for the U.S. relationship with its North American...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)

Biden's pause on oil cause for big concern in New Mexico

Jan. 22, 2021 7:57 PM EST

ALBUQUERQUE, N.M. (AP) — President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success. Top Republicans in the state as well...

How major US stock indexes fared Friday

Jan. 22, 2021 4:58 PM EST

Stocks struggled to a mixed finish on Wall Street, trimming the weekly gain for the S&P 500 even as the Nasdaq eked out another record high. Technology, financial and other stocks declined, outweighing gains in communication services, real estate and utilities companies. Small-company stocks held up better...

In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)

Mixed finish on Wall Street as worldwide rally takes a pause

Jan. 22, 2021 4:51 PM EST

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for the week. The...

Venezuelan President Nicolas Maduro speaks during a ceremony marking the start of the judicial year at the Supreme Court in Caracas, Venezuela, Friday, Jan. 22, 2021. (AP Photo/Matias Delacroix)

Maduro sent letter to Iran's leader accrediting US fugitive

Jan. 22, 2021 4:48 PM EST

MIAMI (AP) — A Colombian businessman was carrying a letter from Venezuelan President Nicolas Maduro accrediting him to Iran's supreme leader when he was arrested on a U.S. warrant last year, according to a new court filing in a politically charged corruption case ratcheting up tensions with the South...

Cars drive on an unlit street during a blackout in Tehran, Iran, Wednesday, Jan 20, 2021. Speculation has gripped social media in Iran that Bitcoin is to blame for a series of recent power blackouts across the country. The government launched a major crackdown on Bitcoin processing centers which use immense amounts of electricity and are a huge burden on the power grid. (AP Photo/Ebrahim Noroozi)

Iran, pressured by blackouts and pollution, targets Bitcoin

Jan. 22, 2021 1:04 AM EST

TEHRAN, Iran (AP) — Iran's capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years. That stands to undercut President-elect Joe Biden's plans to block new drilling on public lands to address climate change. (AP Photo/Charlie Riedel, File)

Biden halts oil and gas leases, permits on US land and water

Jan. 21, 2021 7:51 PM EST

BILLINGS, Mont. (AP) — The Biden administration announced Thursday a 60-day suspension of new oil and gas leasing and drilling permits for U.S. lands and waters, as officials moved quickly to reverse Trump administration policies on energy and the environment. The suspension, part of a broad review of...