Latest Energy industry News

Stocks rally after Fed chair signals slowdown in rate hikes

Nov. 30, 2022 16:45 PM EST

Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings...

Consumer-owned utility referendum certified for ballot

Nov. 30, 2022 16:37 PM EST

AUGUSTA, Maine (AP) — The secretary of state's office has certified an adequate number of voter signatures for a referendum on a proposal to replace Maine’s privately owned electric utilities with a consumer-owned Pine Tree Power Company. The state certified 69,735 valid...

Volcano knocks Mauna Loa carbon monitoring station offline

Nov. 30, 2022 16:31 PM EST

The eruption of Hawaii's Mauna Loa volcano has temporarily knocked off power to the world’s premier station that measures heat-trapping carbon dioxide in the atmosphere, but officials Wednesday say it won’t be a problem. There are hundreds of other carbon dioxide monitoring sites...

EU seeks specialized court to investigate Russia war crimes

Nov. 30, 2022 16:09 PM EST

BRUSSELS (AP) — The European Union proposed Wednesday to set up a U.N.-backed court to investigate possible war crimes Russia committed in Ukraine, and to use frozen Russian assets to rebuild the war-torn country. European Commission president Ursula von der Leyen said in a video...

Puerto Rico extends power contract amid outages, objections

Nov. 30, 2022 14:41 PM EST

SAN JUAN, Puerto Rico (AP) — A heavily criticized private company that operates the transmission and distribution of power in Puerto Rico secured a last-minute extension on its contract Wednesday despite widespread objections. Luma Energy obtained the extension following a 4-1 vote...

NATO allies vow to back Moldova, Georgia, and Bosnia

Nov. 30, 2022 14:18 PM EST

BUCHAREST (AP) — Apart from Ukraine, Moldova has been hit hardest by Russia’s invasion of its neighbor, the Moldovan foreign minister said Wednesday, as NATO offered fresh support to three countries shaken by the effects of Moscow’s 10-month-old war. Nicu Popescu told The...

Explosion in northwest Pakistan coal mine kills 9, injures 4

Nov. 30, 2022 13:17 PM EST

PESHAWAR, Pakistan (AP) — A methane gas explosion ripped through a coal mine in northwest Pakistan on Wednesday, killing nine miners and injuring four others, a government official said. The explosion happened in a remote area in Orakzai, a district in the Khyber Pakhtunkhwa...

19 injured in ethane explosion in southern Mexico

Nov. 30, 2022 11:42 AM EST

MEXICO CITY (AP) — Authorities in the Mexican Gulf coast state of Veracruz said 19 people were injured where a pipeline carrying ethane gas exploded. The Veracruz state civil defense office said most of the people injured in the explosion Tuesday in the town of Agua Dulce suffered...

The AP Interview: IMF head urges China to end mass lockdowns

Nov. 30, 2022 10:51 AM EST

BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high...

German gas importer Uniper seeks damages from Gazprom

Nov. 30, 2022 10:14 AM EST

BERLIN (AP) — German energy company Uniper said Wednesday it's suing Gazprom for damages over natural gas that hasn't been delivered since June, when the Russian supplier started reducing amounts to Germany. Gas importer Uniper said it has initiated proceedings against Gazprom...