Latest Energy industry News

The Latest: NY Fed enters overnight lending markets, again

Sep. 18, 2019 8:17 AM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 8:15 a.m. For the second time in as many days, the Federal Reserve Bank of New York is stepping in to free up billions of dollars to avert spiking overnight borrowing costs. The New York Fed on Tuesday infused...

Global stocks mixed after oil falls, Wall Street advances

Sep. 18, 2019 6:54 AM EDT

BEIJING (AP) — European markets opened higher and Asian stocks were mixed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut after oil prices fell back. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong slipped. Markets steadied...

Federal plan to end state mileage standards draws criticism

Sep. 18, 2019 6:20 AM EDT

WASHINGTON (AP) — The Trump administration is poised to revoke California's authority to set auto mileage standards, asserting that only the federal government has the power to regulate greenhouse gas emissions and fuel economy. Conservative and free-market groups have been asked to attend a formal...

Eni, Total join for another gas search license off Cyprus

Sep. 18, 2019 6:03 AM EDT

NICOSIA, Cyprus (AP) — Cyprus' energy minister says a consortium composed of energy companies Total of France and Eni of Italy has been licensed to explore for natural gas deposits in another area off Cyprus' southern coast. Georgios Lakkotrypis says the two companies have an equal share in a new block...

Iran warns US of response to any action over Saudi attack

Sep. 18, 2019 5:30 AM EDT

TEHRAN, Iran (AP) — Iran warned the U.S. that any action taken against it following an attack on Saudi oil installations will "immediately" be met with a response from Tehran, its state-run news agency reported Wednesday, further raising Mideast tensions. Iran's president and foreign minister also may skip...

The Latest: State media says Iran sends US official warning

Sep. 18, 2019 5:19 AM EDT

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf (all times local): 1:15 p.m. Iran's state-run news agency is reporting that Iran sent an official warning through Swiss diplomats to the U.S. that any action taken against Tehran "will face an immediate answer." That's according...

Oil price drops further on hope for recovery of Saudi output

Sep. 18, 2019 5:12 AM EDT

LONDON (AP) — The price of oil fell back further on Wednesday after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude was down 42 cents to $58.92 per barrel in electronic trading Wednesday. The contract fell...

Gas customers are casualties in fight over new pipelines

Sep. 18, 2019 1:10 AM EDT

Chris Miles and his partners were ready to open their new, seaside barbecue joint just in time for the summer season when they got stunning news: There would be no gas to fuel the fryers, griddles and stoves. National Grid, the utility that serves the Rockaway Beach section of Queens, refused to turn on natural...

Fed likely to cut rates a 2nd time as economic threats loom

Sep. 18, 2019 12:19 AM EDT

WASHINGTON (AP) — The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump's trade war with China and geopolitical risks such as the attacks on Saudi Arabia's oil facilities. The modest...

Knockoff pot vapes raise concerns for licensed companies

Sep. 17, 2019 9:12 PM EDT

LOS ANGELES (AP) — A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California's cannabis market. Bootleggers eager to profit off...