Latest Energy industry News

California lawmakers move closer to regional electric grid

Jun. 19, 2018 9:19 PM EDT

SACRAMENTO, Calif. (AP) — A contentious proposal to link oversight of California's electric grid with other states in the U.S. West narrowly cleared a legislative hurdle Tuesday, keeping alive a proposal that has divided environmentalists over the best way to expand renewable energy. The proposal, backed...

After query, Ross shorted stock in Kremlin-tied firm: report

Jun. 19, 2018 9:14 PM EDT

WASHINGTON (AP) — Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government form...

Dow posts 6th loss in row on trade spat; small cos. rally

Jun. 19, 2018 6:16 PM EDT

NEW YORK (AP) — Big industrial and technology companies skidded Tuesday as the trade dispute between the U.S. and China threatened to come to a boil. Smaller companies less focused on overseas trade fared better, as did dividend-paying stocks. The Dow Jones industrial average fell for the sixth day in a...

Iran rebuffs Trump's call for OPEC to increase oil output

Jun. 19, 2018 4:44 PM EDT

VIENNA (AP) — Iran lashed out Tuesday against U.S. President Donald Trump's call on OPEC to increase oil production and limit global energy prices, saying the cartel "is not an American organization." The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday, when...

Russian energy company's manager arrested on spying charges

Jun. 19, 2018 1:26 PM EDT

MOSCOW (AP) — A top manager of a state-controlled Russian energy company has been arrested on spying charges, a Moscow court said Tuesday. The Lefortovo District Court announced that Karina Tsurcan has been put in custody on charges of espionage, but wouldn't give further details. The court hearing was...

Asian stocks tumble after new Trump tariff threat

Jun. 18, 2018 11:37 PM EDT

BEIJING (AP) — Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods. KEEPING SCORE: The Shanghai Composite Index fell 2.3 percent to 2,953.54 points and Hong Kong's Hang Seng lost 2...

EPA shifts oversight of coal waste to a state for 1st time

Jun. 18, 2018 7:13 PM EDT

WASHINGTON (AP) — The Environmental Protection Agency on Monday approved the first state permit program for disposal of toxic ash from coal plants, a switch from federal oversight that the coal industry had sought. Coal ash is the residue left after burning coal to generate power. Utilities around the...

Minnesota PUC opens hearings on Enbridge Line 3 replacement

Jun. 18, 2018 6:03 PM EDT

ST. PAUL, Minn. (AP) — Passions ran high Monday as Minnesota regulators opened a key hearing on a final decision on Enbridge Energy's proposal to replace its deteriorating Line 3 crude oil pipeline across northern Minnesota. A crowd about evenly divided between supporters and opponents lined up early in...

Studies show groundwater holding own against drilling boom

Jun. 18, 2018 5:58 PM EDT

New research suggests drinking water supplies in Pennsylvania have shown resilience in the face of a drilling boom that has turned swaths of countryside into a major production zone for natural gas. Energy companies have drilled more than 11,000 wells since arriving en masse in 2008, making Pennsylvania the...

The Latest: Minnesota opens key hearing on Enbridge pipeline

Jun. 18, 2018 4:10 PM EDT

ST. PAUL, Minn. (AP) — The Latest on the opening of a hearing before Minnesota regulators on Enbridge Energy's proposal for replacing its Line 3 crude oil pipeline across Minnesota (all times local): 3 p.m. Passions ran high though people remained polite as Minnesota regulators opened a key hearing that's...