Latest Energy industry News

Panel to take closely watched vote on pipeline station

Dec. 9, 2018 7:07 PM EST

RICHMOND, Va. (AP) — A massive winter storm delayed a closely watched vote in Virginia on a natural gas pipeline compressor station that's been the frequent target of protests. A citizen panel that votes on air pollution permits was set to decide Monday whether Virginia's most powerful corporation can...

The Latest: Weather delays key vote on pipeline station

Dec. 9, 2018 7:00 PM EST

RICHMOND, Va. (AP) — The Latest on a Virginia State Air Pollution Control Board vote on a natural gas compressor station (all times local): 7 p.m. A winter storm is delaying a key vote on a permit for a major natural gas pipeline. The State Air Pollution Control Board was set to vote Monday on whether to...

Mexico starts oil industry 'rescue' with refinery overhaul

Dec. 9, 2018 6:44 PM EST

MEXICO CITY (AP) — Mexico's new government detailed plans Sunday to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador and to renovate six others as the oil-producing country attempts to lower its dependence on imported fuel. Speaking from the Dos Bocas port in the...

Average US price of gas drops 22 cents per gallon to $2.51

Dec. 9, 2018 3:02 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has plummeted 22 cents a gallon (3.8 liters) over the past three weeks, to $2.51. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that falling crude oil costs are the main reason for the decrease at the pump. The...

Climate talks pause as battle over key science report looms

Dec. 9, 2018 11:44 AM EST

KATOWICE, Poland (AP) — A diplomatic standoff over a single word could set the stage for a bigger showdown during the second half of this year's U.N. climate summit. Negotiators took time out Sunday to rest after the first week of talks ended on a sour note the previous night, when the United States sided...

IMF approves $3.7 billion loan for oil-rich Angola

Dec. 8, 2018 8:09 AM EST

JOHANNESBURG (AP) — The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year. The IMF said Friday that the loan aims to help the southern African country...

Landmark environmental protections being rolled back

Dec. 8, 2018 12:33 AM EST

WASHINGTON (AP) — One after another, landmark U.S. protections for climate, air and land are in the crosshairs of the Trump administration as his agency leaders move past early fumbles and scandals to start delivering on a succession of promised environmental rollbacks. On Thursday, the Interior Department...

Stocks drop 4 percent in rocky week on trade, growth worries

Dec. 7, 2018 6:25 PM EST

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial Average, bringing its...

Correction: California Solar story

Dec. 7, 2018 6:06 PM EST

LOS ANGELES (AP) — In a story Dec. 6 about California becoming the first state to require that homes built in 2020 and later be solar powered, The Associated Press incorrectly identified Pierre Delforge as a solar-industry representative. Delforge is a senior scientist with the National Resources Defense...

Anadarko, Broadcom rise; Ulta Beauty, Big Lots, Cooper fall

Dec. 7, 2018 4:28 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Altria Group Inc., down 22 cents to $54.18 The maker of Marlboro cigarettes is taking a 45 percent stake in Cronos Group, a Canadian medical and recreational marijuana company. Anadarko Petroleum Corp., up 47 cents to $52.06 Energy...