Latest Energy industry News

Trump: US locked and loaded for response to attack on Saudis

Sep. 15, 2019 9:11 PM EDT

DUBAI, United Arab Emirates (AP) — A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom's oil production threatened Sunday to fuel a regional crisis, as the U.S. released new evidence to back up its allegation that Iran was responsible for the assault amid...

Oil prices surge as attack on Saudi facility disrupts output

Sep. 15, 2019 9:09 PM EDT

An attack on a critical Saudi Arabia oil plant pushed crude prices sharply higher Monday, though its longer-term impact depends on how long production is disrupted and what this weekend's attack presages for the future. U.S. crude oil jumped $5.61 per barrel, or 10.2%, to $60.46 per barrel in electronic trading...

The Latest: Trump disputes ground rules of meeting with Iran

Sep. 15, 2019 8:02 PM EDT

DUBAI, United Arab Emirates (AP) — The Latest on the tensions in the Persian Gulf a day after Iran-backed Yemeni rebels attacked major oil sites in Saudi Arabia (all times local): 4 a.m. President Donald Trump appears to be disputing the comments of senior aides, including Secretary of State Mike Pompeo...

Aramco attacks show company entanglement in Saudi politics

Sep. 15, 2019 6:59 PM EDT

DUBAI, United Arab Emirates (AP) — The weekend drone attack on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner — the Saudi government and...

Trump says he has approved release from strategic petroleum reserve "if needed" after attack on Saudi oil facilities

Sep. 15, 2019 5:59 PM EDT
WASHINGTON (AP) — Trump says he has approved release from strategic petroleum reserve "if needed" after attack on Saudi oil facilities.

Chicago company plans 1,800-acre Indiana solar farm

Sep. 15, 2019 4:39 PM EDT

FAIRBANKS, Ind. (AP) — A renewable energy company is aiming to start construction later this year on a solar farm over about 1,800 acres in rural western Indiana. Chicago-based Invenergy Solar Development says it wants to start construction work by the end of this year. The proposal calls for nearly...

Township zoning aims to bar pipelines, turbines near trail

Sep. 15, 2019 3:53 PM EDT

NAZARETH, Pa. (AP) — An eastern Pennsylvania township has approved zoning changes aimed at blocking projects such as natural gas pipelines, wind turbines, solar panels and cellphone towers from being located near its section of the Appalachian Trail. Plainfield Township supervisors unanimously last week...

Average US price of gas down 3 cents per gallon

Sep. 15, 2019 3:04 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 3 cents per gallon (3.8 liters) over the past three weeks to $2.63. The price is 20 cents lower than what it was in mid-July. However, industry analyst Trilby Lundberg of the Lundberg Survey says Sunday she expects the...

Satellite images examined by AP appear to show damage at heart of attacked Saudi oil processing facility

Sep. 15, 2019 1:50 PM EDT
DUBAI, United Arab Emirates (AP) — Satellite images examined by AP appear to show damage at heart of attacked Saudi oil processing facility.

Trump targets border state with rally amid defiant Democrats

Sep. 15, 2019 1:40 PM EDT

SANTA FE, N.M. (AP) — Donald Trump lost New Mexico by 8 percentage points in 2016. Last year, his party lost a House seat and the governor's mansion. Last week, a congressional candidate went viral by taunting the president by name in an ad. Still, Trump is headed to New Mexico on Monday for a campaign...