Latest Energy industry News

Biden to lay out in Japan who's joining new Asia trade pact

May. 22, 2022 21:53 PM EDT

TOKYO (AP) — President Joe Biden on Monday is set to launch a new Indo-Pacific trade pact designed to signal U.S. dedication to the region and address the need for stability in commerce after the chaos caused by the pandemic and Russia's invasion of Ukraine. The White House says...

German chancellor Scholz kicks off Africa trip in Senegal

May. 22, 2022 18:44 PM EDT

DAKAR, Senegal (AP) — German Chancellor Olaf Scholz said his country is interested in a major gas exploitation project in Senegal as he began a three-nation visit to Africa on Sunday that also is focused on the geopolitical consequences of the war in Ukraine. Senegal is believed to...

Average US gasoline price jumps 33 cents to $4.71 per gallon

May. 22, 2022 13:11 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline...

EXPLAINER: What are the key climate themes at Davos?

May. 22, 2022 08:38 AM EDT

DAVOS, Switzerland (AP) — While the COVID-19 pandemic and Russia's war in Ukraine will be focuses of the World Economic Forum’s gathering of business and government leaders, so too will climate change. It's captured the world’s attention in unignorable and devastating ways. The...

Report faults Amtrak purchase of Wilmington office building

May. 21, 2022 12:24 PM EDT

WILMINGTON, Del. (AP) — A report by Amtrak's inspector general found that the train service's $41 million purchase of an office building in Delaware has failed to provide savings that were projected. Amtrak estimated it would save close to $50 million by consolidating operations in...

Gas prices take another big jump in NJ, around nation

May. 21, 2022 10:15 AM EDT

TRENTON, N.J. (AP) — Gas prices have increased dramatically again in New Jersey and around the nation as the Memorial Day weekend approaches. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.77, up 27 cents from last week. Drivers...

On Venezuelan roads, old cars prevail, break down everywhere

May. 21, 2022 09:47 AM EDT

CARACAS, Venezuela (AP) — A 1983 Chevrolet C-10 pickup is the workhorse of Argenis Ron’s party equipment rental business. He uses it to haul chairs, tents and tables to gatherings all across Venezuela's sprawling capital. The once-white paint is slightly yellowish and the body...

Russia cuts off gas exports to Finland in symbolic move

May. 21, 2022 09:26 AM EDT

HELSINKI (AP) — Russia halted gas exports to neighboring Finland on Saturday, a highly symbolic move that came just days after the Nordic country announced it wanted to join NATO and marked a likely end to Finland's nearly 50 years of importing natural gas from Russia. The measure...

German weather service says storm generated 3 tornadoes

May. 21, 2022 06:07 AM EDT

BERLIN (AP) — A storm that swept across parts of Germany generated three tornadoes, the country's weather service said Saturday. One of them left a trail of destruction and more than 40 people injured in a western city. Meteorologists had warned of heavy rainfall, hail and strong...

Russia claims to have taken full control of Mariupol

May. 20, 2022 22:53 PM EDT

POKROVSK, Ukraine (AP) — Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead. ...