Latest Energy industry News

Wall Street ends mixed after a day of wavering up and down

Jun. 27, 2022 16:09 PM EDT

Stocks ended mixed after a day of wavering between gains and losses Monday as the market cools off following a rare winning week. The S&P 500 edged 0.3% lower, the Dow Jones Industrial Average slipped 0.2% and the Nasdaq fell 0.8%. Small-company stocks rose. Declines in technology and...

Live updates | Erdogan adamant on Sweden, Finland NATO bids

Jun. 27, 2022 14:14 PM EDT

ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the summit of NATO leaders that will start on Tuesday in Madrid: ___ Turkey’s president...

Qatar Energy to cut emissions as methane movement grows

Jun. 27, 2022 14:09 PM EDT

DUBAI, United Arab Emirates (AP) — The state-owned oil and gas company Qatar Energy said Monday it is joining a new industry-led initiative to reduce nearly all methane emissions from operations by 2030. It comes as part of a broader global push to tackle emissions from methane,...

Cyberattack forces Iran steel company to halt production

Jun. 27, 2022 14:04 PM EDT

DUBAI, United Arab Emirates (AP) — One of Iran’s major steel companies said Monday it was forced to halt production after being hit by a cyberattack that also targeted two other plants, apparently marking one of the biggest such assaults on the country’s strategic industrial sector in recent...

Wind farm, environmentalists agree on ways to protect whales

Jun. 27, 2022 12:04 PM EDT

BOSTON (AP) — The developers of an offshore wind farm and three environmental organizations announced Monday that they have reached an agreement to further protect rare North Atlantic right whales during construction and operation of the energy-generating project. The agreement...

Oil price cap could strike Russia's war chest — if enforced

Jun. 27, 2022 11:55 AM EDT

GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking...

Sri Lanka sends 2 ministers to Russia for oil amid crisis

Jun. 27, 2022 11:48 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports...

EU countries adopt mandatory gas storage amid Russia's cuts

Jun. 27, 2022 11:32 AM EDT

BRUSSELS (AP) — European Union countries agreed Monday that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries. The EU is trying to slash its use of...

Tokyo warned of power crunch as Japan endures heat wave

Jun. 27, 2022 04:56 AM EDT

TOKYO (AP) — People in Tokyo are sweating it out as the government warns of possible power shortages and urges greater efforts to conserve energy while Japan endures unseasonably hot temperatures. Weather officials announced the earliest end to the annual summer rainy season since...

Australian data: Greenhouse gas emissions rose in 2021

Jun. 27, 2022 03:48 AM EDT

CANBERRA, Australia (AP) — Australia’s new government on Monday blamed the previous administration’s inaction on climate change for an increase in the nation’s greenhouse gas emissions last year. Australia emitted 488 million metric tons (538 million U.S. tons) of carbon...