Latest Energy industry News

Some US allies near Russia are wary of Biden-Putin summit

Jun. 14, 2021 02:31 AM EDT

KYIV, Ukraine (AP) — Central and Eastern European nations are anxious about the coming summit meeting between U.S. President Joe Biden and Russian President Vladimir Putin, wary of what they see as hostile intentions from the Kremlin. Some in the countries that once...

Average US price of gas rises 2 cents per gallon to $3.13

Jun. 13, 2021 16:04 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline rose 2 cents to $3.13 per gallon over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that crude oil prices rose more during the same period but these...

Biden urges G-7 leaders to call out and compete with China

Jun. 12, 2021 21:30 PM EDT

CARBIS BAY, England (AP) — Leaders of the world's largest economies unveiled an infrastructure plan Saturday for the developing world to compete with China’s global initiatives, but they were searching for a consensus on how to forcefully to call out Beijing over human rights abuses. ...

New Mexico rules could lead to big changes in oil industry

Jun. 12, 2021 10:33 AM EDT

HOBBS, N.M. (AP) — So how does New Mexico’s new regulations on methane emission reduction affect Lea County? Energy experts and elected officials tell the Hobbs News-Sun the damage could be drastic. The state Oil Conservation Division issued new...

Gas prices rise across nation, tick up in New Jersey

Jun. 12, 2021 09:47 AM EDT

TRENTON, N.J. (AP) — Gas prices rose across the nation as a whole and also ticked up in New Jersey last week. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.06, up a penny from a week ago. Drivers were paying an average...

W.Va. community says coal dust is taking its breath away

Jun. 12, 2021 09:06 AM EDT

EUNICE, W.Va. (AP) — Eunice should have been Becky Rectenwald’s place to settle. The dust settled there instead. Rectenwald, 58, moved to the former Raleigh County mining town from Marmet nearly four years ago for cleaner air and a larger yard for...

Sri Lanka seeks initial $40M from stricken ship's operator

Jun. 12, 2021 07:05 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged cargo ship to cover part of the cost of fighting the blaze, officials said Saturday. Sri Lanka's attorney general has sent the claim to lawyers...

Go green or go bipartisan? Biden's big infrastructure choice

Jun. 12, 2021 00:33 AM EDT

WASHINGTON (AP) — President Joe Biden’s hopes of channeling billions of dollars into green infrastructure investments to fight climate change are running into the political obstacle of winning over Republican lawmakers who oppose that approach as unnecessary, excessive spending. ...

AP Interview: Iraq oil minister says gas sector a priority

Jun. 11, 2021 23:26 PM EDT

BAGHDAD (AP) — Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq's oil minister said Friday. But he also warned that an enduring bureaucratic culture of fear threatens to stand in the way. ...

Dakota Access foes seek environmental review updates from US

Jun. 11, 2021 19:02 PM EDT

BISMARCK, N.D. (AP) — Dakota Access oil pipeline opponents asked a judge Friday to require the pipeline company and the U.S. Army Corps of Engineers to provide detailed monthly status reports while the federal government conducts an extensive environmental review of the project. ...