Latest Energy industry News

Manufacturer to locate in western Kentucky, create 150 jobs

May. 26, 2022 04:01 AM EDT

MURRAY, Ky. (AP) — A manufacturer of electrical power distribution connectors plans to locate in western Kentucky and create 150 jobs, officials said. Hollobus Technologies Inc., a subsidiary of engineering design technology company Superior Tray Systems, is investing $2.25 million...

Germany: G-7 nations can lead the way on ending coal use

May. 26, 2022 03:51 AM EDT

BERLIN (AP) — Germany's energy and climate minister said Thursday that the Group of Seven wealthy nations can lead the way on ending the use of coal, a heavily polluting fossil fuel that's responsible for a large chunk of global greenhouse gas emissions. Senior officials from the...

US sets Thursday vote on new UN sanctions on North Korea

May. 25, 2022 20:07 PM EDT

UNITED NATIONS (AP) — The United States called for a vote Thursday on a U.N. resolution that would impose tougher sanctions on North Korea for its recent launches of intercontinental ballistic missiles that can be used to deliver nuclear weapons. The U.S. Mission to the United...

With Indianapolis 500 at full throttle, business is booming

May. 25, 2022 17:56 PM EDT

INDIANAPOLIS (AP) — Delaney Hill sees a difference this May. Customers of the Dawson’s on Main she manages are flooding into the popular restaurant night after night — and not a penny is pinched. It's a welcome change for Hill and her family, which opened Dawson's in 2006 a...

Editorial Roundup: North Carolina

May. 25, 2022 17:01 PM EDT

Charlotte Observer/Raleigh News and Observer. May 25, 2022. Editorial: North Carolina gets its own ‘Don’t Say Gay’ bill, and yes, it’s awful You would think, after the House Bill 2 backlash that occurred in 2016, North Carolina Republicans might think twice...

Indiana governor eyes 'inflationary relief,' not gas tax cut

May. 25, 2022 16:08 PM EDT

INDIANAPOLIS (AP) — Indiana’s governor said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump, while rejecting calls for suspending state gas taxes. Democrats have been calling since March...

Maryland lawmakers: Cutting tax won't fix high gas prices

May. 25, 2022 15:23 PM EDT

ANNAPOLIS, Md. (AP) — Top Maryland lawmakers said Wednesday that eliminating a scheduled gas-tax increase of more than 6 cents this summer won't solve the problem of high gas prices and would set back efforts to maintain infrastructure. With gas now priced at about $4.60 a gallon...

Davos updates | VW: Supply chain woes ease; orders backed up

May. 25, 2022 14:01 PM EDT

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard...

Iran summons Greek diplomat over seizing of ship's cargo

May. 25, 2022 13:57 PM EDT

TEHRAN, Iran (AP) — Iran's Foreign Ministry summoned the chief of Greece's diplomatic mission for allegedly seizing cargo from a vessel flying the Iranian flag in Greek waters, state media reported Wednesday. The IRNA news agency reported that an Iran-flagged ship had to stop in...

Strong oil prices to spur higher taxes for ND drillers

May. 25, 2022 13:27 PM EDT

BISMARCK, N.D. (AP) — North Dakota oil producers almost certainly will be paying higher state taxes for at least three months beginning June 1 due to strong oil prices, the state tax commissioner said Wednesday. The increase in state oil tax collections, estimated at more than $30...