Latest Energy industry News

Missouri court gives jolt of life to long Midwest power line

Jul. 17, 2018 5:03 PM EDT

JEFFERSON CITY, Mo. (AP) — A proposal for a high-voltage power line carrying wind energy across the Midwest received a jolt of new life Tuesday as the Missouri Supreme Court ruled that state regulators had wrongly rejected it. The ruling is a major victory in the quest by Clean Line Energy Partners to...

Site work begins for opposed oil refinery near national park

Jul. 17, 2018 3:01 PM EDT

BISMARCK, N.D. (AP) — Meridian Energy Group said Tuesday that it has begun site work for an oil refinery about 3 miles (5 kilometers) from Theodore Roosevelt National Park in western North Dakota, though the project still faces hurdles, including a lawsuit by environmental groups. Meridian said it hired...

Governor dedicates park named for Olympic great Jesse Owens

Jul. 17, 2018 2:10 PM EDT

COLUMBUS, Ohio (AP) — Ohio's governor on Tuesday dedicated a new state park and wildlife area named for Olympic great Jesse Owens. Gov. John Kasich, accompanied by two of Owens' daughters, said that achievements of "heroes" such as Owens should be preserved to inspire others to "overcome challenges and...

Germany, EU launch talks on Russia-Ukraine gas transit

Jul. 17, 2018 9:26 AM EDT

BERLIN (AP) — Germany is hosting European Union-brokered talks between Moscow and Kiev on the future transit of Russian gas through Ukraine after the current contract expires next year. German Economy Minister Peter Altmaier met Tuesday with Russia's energy minister, Ukraine's foreign minister and European...

World markets turn lower ahead of comments by Fed chair

Jul. 17, 2018 7:44 AM EDT

SINGAPORE (AP) — World markets turned lower on Tuesday as investors looked ahead to Federal Reserve Chairman Jerome Powell's testimony to Congress for clues on U.S. interest rates. KEEPING SCORE: Germany's DAX shed 0.2 percent to 12,537 and the CAC 40 in France was down 0.4 percent at 5,3889. The FTSE 100...

Kim slams local North Koreans for unfinished power plant

Jul. 17, 2018 4:40 AM EDT

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has blasted local officials over a delayed construction project, state media reported Tuesday, his second such rebuke over the economy in recent weeks. It's unusual for state media to carry dispatches showing Kim's criticism of officials. Some...

Asian stocks fall, weighed by tensions over US trade tariffs

Jul. 16, 2018 11:26 PM EDT

SINGAPORE (AP) — Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. KEEPING SCORE: South Korea's Kospi lost 0.2 percent to 2,297.64 and Hong Kong's Hang Seng lost 1.0 percent to 28,247.53 in morning trading. The Shanghai...

Ex-Venezuelan energy official pleads guilty in graft case

Jul. 16, 2018 6:47 PM EDT

HOUSTON (AP) — A former official at a state-run electric company in Caracas, Venezuela, pleaded guilty Monday to money laundering conspiracy relating to an alleged multibillion-dollar graft scheme in the Venezuelan oil industry. Luis Carlos de Leon-Perez, a 42-year-old dual citizen of the United States and...

US: Sanction exemptions open to those reducing Iran imports

Jul. 16, 2018 5:25 PM EDT

WASHINGTON (AP) — Countries and businesses that continue to import Iranian oil could avoid penalties by making "significant reductions" as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials. "We want people to reduce oil purchases to zero, but in certain cases if...

Markets Right Now: Stocks end mostly lower on Wall Street

Jul. 16, 2018 4:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as a steep drop in oil prices delivered a blow to energy companies. Hess slumped 4 percent Monday. Health care and technology companies also fell. Adobe Systems gave up...