Latest Energy industry News

Erratic power outages reported in much of Venezuela

Jul. 6, 2020 11:28 PM EDT

CARACAS, Venezuela (AP) — Erratic power outages were reported in Venezuela’s capital and several states Monday evening. The nation’s state electrical company said on Twitter that “an event in the electrical system” had affected power in parts of Caracas as well as states to the...

FILE - In this March 11, 2020, file photo provided by the Bureau of Land Management is the proposed route of the Keystone XL oil pipeline where it crosses into the United States from Canada in Phillips County, Mont. The U.S. Supreme Court has handed another blow to the disputed Keystone XL pipeline from Canada by keeping in place a lower court ruling that blocked a key permit for the project. However, the order Monday, July 6, 2020, also put on hold the lower court ruling as it pertains to other oil and gas pipelines across the nation. The Trump administration had argued the U.S. Army Corps of Engineers permit program that has been in the place since the 1970s was functioning properly when it was canceled by a Montana judge in April. (Al Nash/Bureau of Land Management via AP, File)

US Supreme Court deals blow to Keystone oil pipeline project

Jul. 6, 2020 9:56 PM EDT

BILLINGS, Mont. (AP) — The U.S. Supreme Court handed another setback to the Keystone XL oil sands pipeline from Canada on Monday by keeping in place a lower court ruling that blocked a key environmental permit for the project. Canadian company TC Energy needs the permit to continue building the...

FILE - In this May 8, 2019, file photo, the Santa Fe Opera awaits its summer season in Santa Fe, N.M. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Morgan Lee, File)

Opera, balloon fest among businesses getting virus loans

Jul. 6, 2020 8:22 PM EDT

ALBUQUERQUE, N.M. (AP) — The Santa Fe Opera, the Meow Wolf art collaborative and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among thousands of New Mexico businesses that received loans from the U.S. government as part of the massive effort to support the...

US signs order for first West Coast gas-export terminal

Jul. 6, 2020 8:10 PM EDT

The Trump administration on Monday formally authorized exports from a proposed Oregon natural-gas terminal, the first on the U.S. West Coast. Energy Secretary Dan Brouillette signed the order for the proposed Jordan Cove liquid natural gas terminal in Coos Bay, Oregon. Monday’s approval for the project,...

A woman wearing a face mask stands in front of a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 6, 2020. Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery. (AP Photo/Vincent Yu)

Markets swell around the world; Nasdaq sets another record

Jul. 6, 2020 6:29 PM EDT

NEW YORK (AP) — Stocks rallied worldwide Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead. The S&P 500 rose 1.6%, following up on similar gains in Europe and Asia, and clawed back to within 6.1% of its record set in February. The headliner...

FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.  (Kevin Dietsch/Pool via AP, File)

The Latest: Financial firms among big relief fund recipients

Jul. 6, 2020 5:59 PM EDT

NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27 billion...

FILE - In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access pipeline were being buried near the town of St. Anthony in Morton County, N.D. A federal judge on Monday, July 6, 2020, sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done. (Tom Stromme/The Bismarck Tribune via AP, File)

Judge orders Dakota Access pipeline shut down pending review

Jul. 6, 2020 5:58 PM EDT

FARGO, N.D. (AP) — A judge on Monday ordered the Dakota Access pipeline shut down for additional environmental review more than three years after it began pumping oil — handing a victory to the Standing Rock Sioux Tribe and delivering a blow to President Donald Trump’s efforts to weaken...

Rhode Island's gas prices edge up a penny

Jul. 6, 2020 3:08 PM EDT

PROVIDENCE, R.I. (AP) — The average price of a gallon of gasoline in Rhode Island edged up by a penny, AAA Northeast said Monday. The current average of $2.10 per gallon is 1 cent higher than a week ago, but remanins 63 cents lower than the Rhode Island price one year ago. The Rhode Island price is also 8...

Turkey's Foreign Minister Mevlut Cavusoglu, right, and Josep Borrell Fontelles, High Representative and Vice-President of the European Commission, greet each other by using their elbows before their talks, in Ankara, Turkey, Monday, July 6, 2020. Cavusoglu and Borrell have discussed Turkey-EU relations, regional issues, Libya and Syria. (Cem Ozdel/Turkish Foreign Ministry via AP, Pool)

Turkey calls on EU to be 'honest' in dispute with members

Jul. 6, 2020 2:28 PM EDT

ANKARA, Turkey (AP) — The Turkish foreign minister on Monday called on the European Union to be an “honest broker” in disputes between Ankara and EU member states France, Greece and Cyprus. Mevlut Cavusoglu warned that Turkey would be forced to “reciprocate” against any...

Trading halted in Portugal energy firm amid corruption probe

Jul. 6, 2020 1:57 PM EDT

LISBON, Portugal (AP) — The Lisbon stock exchange suspended trading in Portugal’s national energy provider EDP and its international renewable energy division Monday after media reports said a magistrate had suspended the chief executives of both companies amid a major corruption investigation. The...