Latest Energy industry News

Gas prices keep dropping amid more supply, low crude prices

Jan. 25, 2020 10:12 AM EST

TRENTON, N.J. (AP) — Drivers in New Jersey and around the nation are seeing prices at the pump continue to fall amid an increase in gasoline supplies and a drop in crude oil prices. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.60, down two cents from...

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya says oil shutdown caused over $255 million in losses

Jan. 25, 2020 8:58 AM EST

CAIRO (AP) — The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending Jan. 23, the country’s national oil company said Saturday. The closures came when powerful tribal groups loyal to military commander...

Brazil's President Jair Bolsonaro, left, shakes hand with Indian Prime Minister Narendra Modi, with Indian President Ram Nath Kovind standing beside them during his ceremonial welcome at the presidential palace in New Delhi, India, Saturday, Jan. 25, 2020. Bolsonaro is this year's chief guest for India's Republic day parade. (AP Photo/Manish Swarup)

India, Brazil agree to boost ties in IT, biofuel and mining

Jan. 25, 2020 4:16 AM EST

NEW DELHI (AP) — India and Brazil on Saturday agreed to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...

2 killed, 20 injured when warehouse explosion shakes Houston

Jan. 24, 2020 11:18 PM EST

HOUSTON (AP) — A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at Watson Grinding and Manufacturing,...

FILE - In this Jan. 6, 2016, file photo, people protest against the Jordan Cove LNG Pipeline on Crater Lake Highway in Medford, Ore. A Canadian energy company on Friday, Jan. 24, 2020, withdrew its application for a state permit for the project, and a project spokesman said it is instead awaiting possible federal approval. (Jamie Lusch/The Medford Mail Tribune via AP, File)

Energy firm withdraws permit application for Oregon pipeline

Jan. 24, 2020 8:34 PM EST

SALEM, Ore. (AP) — A Canadian energy company has withdrawn its application for a state permit for a controversial natural gas pipeline and export terminal in Oregon, and a project spokesman said Friday it is instead awaiting possible federal approval. Two Oregon state lawmakers on Friday accused the...

FILE - In this Nov. 21, 1996, file photo, tourists cast their shadows on the ancient Anasazi ruins of Chaco Culture National Historical Park in New Mexico. Lawmakers from the country's largest American Indian reservation may have thrown a wrinkle into efforts aimed at establishing a permanent buffer around the national park as New Mexico's congressional delegation, environmentalists and other tribes try to keep oil and gas development from getting closer to the World Heritage site. Navajo Nation delegates voted Thursday, Jan. 23, 2020, to support a buffer only half the size of the one proposed in legislation pending in Congress. (AP Photo/Eric Draper, File)

Navajo lawmakers opt for smaller buffer around national park

Jan. 24, 2020 7:13 PM EST

Lawmakers from the country's largest American Indian reservation may have thrown a wrinkle into efforts aimed at establishing a permanent buffer around Chaco Culture National Historical Park, as New Mexico’s congressional delegation, environmentalists and other tribes try to keep oil and gas development...

A man burn joss sticks as he prays at the Wong Tai Sin Temple, Friday, Jan. 24, 2020, in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the country’s biggest and most festive holiday. (AP Photo/Achmad Ibrahim)

For businesses, virus in China fans fear and uncertainty

Jan. 24, 2020 6:02 PM EST

China’s worst health crisis in years has sparked fear and uncertainty for businesses from North America to Asia that depend on trade in the affected region. Experts say it’s too soon to know how disruptive the crisis will prove. But it’s already having an impact. McDonald’s has...

File - In this Oct. 23, 2019, file photo, McGregor Scott, the U.S. Attorney for the Eastern District of California, looks over a 2007 Ford Shelby GT500 displayed in Sacramento, Calif., that was among the vehicles seized by the federal government to be auctioned off. The cars belonged to owners of a San Francisco Bay Area solar energy company that have pleaded guilty for participating in what federal prosecutors called a massive Ponzi scheme that defrauded investors of $1 billion. Jeff and Paulette Carpoff entered pleas Friday, Jan. 24, 2020, involving the scam that could result in up to 30 years in prison for him, and up to 15 years in prison for her. (AP Photo/Rich Pedroncelli, File)

California couple pleads guilty to plotting $1B Ponzi scheme

Jan. 24, 2020 5:06 PM EST

SACRAMENTO, Calif. (AP) — The owners of a San Francisco Bay Area solar energy company pleaded guilty Friday to charges that they plotted a massive Ponzi scheme that defrauded investors of $1 billion. As part of their plea deal, prosecutors said the husband and wife team from Martinez agreed to forfeit...

Lawsuit planned to stop Idaho-Wyoming natural gas pipeline

Jan. 24, 2020 3:50 PM EST

BOISE, Idaho (AP) — Two environmental groups have given notice they intend to file a lawsuit to stop a proposed underground natural gas pipeline from Idaho to Wyoming the groups say will harm protected grizzly bears and other wildlife. The Alliance for the Wild Rockies and Yellowstone to Uintas Connection...

Editorial Roundup: New England

Jan. 24, 2020 3:25 PM EST

Editorials from around New England: CONNECTICUT New Haven Register Connecticut needs a viable Republican Party Jan. 23 The unsettling saga of Robert Hyde, a Connecticut resident who may or may not have been involved in a plot against a U.S. ambassador, has raised questions about the president and his...