Latest Energy industry News

OPEC secretary-general is dead, Nigerian officials announce

Jul. 06, 2022 03:53 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities announced Wednesday. Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria’s petroleum ministry told The Associated Press. The reason for...

EU parliament set for cliff-edge vote on green investments

Jul. 06, 2022 03:52 AM EDT

BRUSSELS (AP) — European lawmakers will decide Wednesday whether fossil gas and nuclear energies can be included in the EU’s list of sustainable activities, in a cliff-edge vote targeting climate change but heavily influenced by the war in Ukraine. The executive Commission of the...

The Secretary-General of the Organization of Petroleum Exporting Countries, Nigerian Mohammad Barkindo, has died.

Jul. 06, 2022 03:22 AM EDT
ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries, Nigerian Mohammad Barkindo, has died.

The next frontier for drones: letting them fly out of sight

Jul. 06, 2022 03:05 AM EDT

REMINGTON, Va. (AP) — For years, there's been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it's a good idea — it's also the law. But some drones have recently gotten permission to soar out of their pilots' sight. They can now...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 02:34 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground. Analysts said markets were focusing on a variety of risks, including inflation,...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 00:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground after plunging on Monday. Analysts said markets were focusing on a variety of...

G-20 meeting may lead to wider divisions over war in Ukraine

Jul. 06, 2022 00:15 AM EDT

WASHINGTON (AP) — Foreign ministers from the world’s largest nations are looking to address the war in Ukraine and its impact on global energy and food security when they meet in Indonesia this week. Yet instead of providing unity, the talks may well exacerbate existing divides over the Ukraine...

'Something different': California GOP's bid for governor

Jul. 05, 2022 17:07 PM EDT

SACRAMENTO, Calif. (AP) — Brian Dahle, the Republican Party’s longshot hope to unseat Gov. Gavin Newsom in California, knows that to win in his progressive home state he can’t allow Democrats to label him as an election denying, abortion-hating, gun-loving, bombastic right-winger. ...

Germany considers aid for struggling energy firms

Jul. 05, 2022 08:58 AM EDT

BERLIN (AP) — The German government has drawn up a plan that would allow it to aid struggling energy companies more easily — a move that comes amid efforts to shore up Uniper, Germany's biggest importer of Russian gas. The plan, approved Tuesday by the Cabinet but still requiring...

IEA: High prices, uncertainty will slow growth in gas demand

Jul. 05, 2022 03:13 AM EDT

BERLIN (AP) — The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for the fossil fuel in the coming years. In a report published Tuesday, the Paris-based agency forecast global demand for natural...