Latest Energy industry News

Gas prices tick up in NJ, around nation after holiday

Jul. 11, 2020 11:08 AM EDT

TRENTON, N.J. (AP) — Gas prices ticked up again in New Jersey and around the nation due to a dip in demand and an increase in supply following the holiday weekend. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was up a penny to $2.17. Drivers were paying $2.81 a...

This image provided by I.R. Consilium taken in 2019, shows the deck of the FSO Safer, indicating the lack of basic maintenance for several years, leading to incidental smaller spills, moored off Ras Issa port, Yemen. Houthi rebels are blocking the United Nations from inspecting the abandoned oil tanker loaded with more than one million barrels of crude oil. UN officials and experts fear the tanker could explode or leak, causing massive environmental damage to Red Sea marine life. (I.R. Consilium via AP)

UN encouraged experts may get to visit oil tanker off Yemen

Jul. 10, 2020 5:37 PM EDT

UNITED NATIONS (AP) — The United Nations said Friday it is encouraged that a U.N. team may be able to visit an oil tanker loaded with 1.1 million barrels of crude oil that is moored off the coast of Yemen, posing a serious risk to Red Sea marine life, desalination plants and shipping. Houthi rebels, who...

Libyan oil company resumes exports after months of blockade

Jul. 10, 2020 3:00 PM EDT

CAIRO (AP) — Libya’s national oil company announced Friday it has resumed crude exports, ending a months-long blockade that eastern tribes had called to protest revenue distribution in the war-torn country. The National Oil Corporation said the resumption of exports from Libya started on a small...

Maine secures deal for discounted energy from Hydro Quebec

Jul. 10, 2020 1:36 PM EDT

PORTLAND, Maine (AP) — Hydro Quebec has sweetened the pot for Maine under a $1 billion transmission project to bring hydropower to the New England power grid by agreeing to provide discounted energy to the state, Gov. Janet Mills announced Friday. Hydro Quebec will provide enough discounted power for about...

Wyoming sides with Arch, Peabody in coal joint venture case

Jul. 10, 2020 12:52 PM EDT

CASPER, Wyo. (AP) — The state of Wyoming is siding with two major coal companies as U.S. regulators try to block their efforts to merge operations in the nation's top coal-producing region. The benefits of a joint venture between Arch Resources and Peabody Energy, both based in St. Louis, would outweigh...

FILE - In this June 12, 2019, file photo, protesters walk up Main Street inasa procession protesting against the Keystone XL pipeline makes its way to Andrew W. Bogue Federal Courthouse in Rapid City, S.D. A U.S. Supreme Court decision this week could further stall construction of the disputed pipeline just as work began this spring after years of delay. (Adam Fondren/Rapid City Journal via AP, File)

Judge rejects Dakota Access pipeline request to stop closure

Jul. 10, 2020 9:56 AM EDT

BISMARCK, N.D. (AP) — A federal judge rejected a request from the operator of the Dakota Access Pipeline to halt an order to shut down the oil pipeline during a lengthy environmental review. U.S. District Judge James Boasberg denied the company’s request Thursday, effectively sending the case to a...

Environmental groups sue over W.Va. coal reclamation fund

Jul. 10, 2020 1:03 AM EDT

CHARLESTON, W.Va. (AP) — Environmental groups have sued the West Virginia Department of Environmental Protection over what they say is the agency’s failure to adhere to federal reporting requirements for a coal mine reclamation fund. The lawsuit filed Thursday by the West Virginia Highlands...

A man walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 10, 2020. Asian stock markets followed Wall Street lower Friday on worries economic improvements might fade as coronavirus cases increase in the United States and some other countries. (AP Photo/Eugene Hoshiko)

Asian stocks sink after Wall St losses on economy worries

Jul. 9, 2020 11:43 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the rise of...

Democratic presidential candidate former Vice President Joe Biden speaks at McGregor Industries in Dunmore, Pa., Thursday, July 9, 2020. (AP Photo/Matt Slocum)

Biden pledges New Deal-like economic agenda to counter Trump

Jul. 9, 2020 9:08 PM EDT

DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises. The former...

Colorado power plant owners announce generating unit closure

Jul. 9, 2020 6:36 PM EDT

GRAND JUNCTION, Colo. (AP) — Owners of a coal-fired power plant in Colorado have announced one of three generating units scheduled to close will stop operations in September 2028. PacifiCorp, Platte River Power Authority, Salt River Project, Tri-State and Xcel Energy-Colorado own two of the three...