Latest Energy industry News

'Something different': California GOP's bid for governor

Jul. 05, 2022 17:07 PM EDT

SACRAMENTO, Calif. (AP) — Brian Dahle, the Republican Party’s longshot hope to unseat Gov. Gavin Newsom in California, knows that to win in his progressive home state he can’t allow Democrats to label him as an election denying, abortion-hating, gun-loving, bombastic right-winger. ...

US indexes shake off an early slump and eke out gains

Jul. 05, 2022 16:53 PM EDT

Stock indexes on Wall Street ended with meager gains Tuesday, as a late-afternoon rally led by technology companies stemmed the market's losses after an early slump. The S&P eked out a gain of 0.2% after having been down 2.2% earlier in the day. The Dow Jones Industrial Average...

Germany considers aid for struggling energy firms

Jul. 05, 2022 08:58 AM EDT

BERLIN (AP) — The German government has drawn up a plan that would allow it to aid struggling energy companies more easily — a move that comes amid efforts to shore up Uniper, Germany's biggest importer of Russian gas. The plan, approved Tuesday by the Cabinet but still requiring...

IEA: High prices, uncertainty will slow growth in gas demand

Jul. 05, 2022 03:13 AM EDT

BERLIN (AP) — The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for the fossil fuel in the coming years. In a report published Tuesday, the Paris-based agency forecast global demand for natural...

Report: East Africa pipeline 'breaches banking principles'

Jul. 05, 2022 02:12 AM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...

In light of EPA court ruling, new focus on states' power

Jul. 04, 2022 11:39 AM EDT

SACRAMENTO, Calif. (AP) — The U.S. Supreme Court limited the power of the federal government to regulate greenhouse gas emissions from existing power plants. But its ruling didn't touch the power of the states. That's putting a renewed focus on efforts across the country to limit...

Ukraine lays out $750B 'recovery plan' for postwar future

Jul. 04, 2022 11:28 AM EDT

LUGANO, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy said Monday the reconstruction of his war-battered country is the “common task of the entire democratic world," as his prime minister laid out a $750 billion recovery plan once the guns of Russia's invaders fall silent one day....

Editorial Roundup: Nebraska

Jul. 04, 2022 07:16 AM EDT

Omaha World-Herald. July 3, 2022. Editorial: Religious freedom includes keeping government out of religious matters It’s right there in the first words of the First Amendment to the U.S. Constitution: “Congress shall make no law respecting an...

World shares mostly higher ahead of July 4 holiday in US

Jul. 04, 2022 05:34 AM EDT

BANGKOK (AP) — World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors...

With no fuel and no cash, Sri Lanka keeps schools closed

Jul. 03, 2022 20:32 PM EDT

COLOMBO, Sri Lanka (AP) — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new...