Energy
Trump administration pumps brakes on promise of sub-$3 gas, as Iran war drives prices higher
Energy Secretary Chris Wright acknowledged Sunday that gas prices might not fall below $3 a gallon until next year -- a notable shift from his earlier prediction that relief was just weeks away.
Energy Secretary Chris Wright bullish on Iran deal, as Strait of Hormuz shipping fears persist
Energy Secretary Chris Wright said Sunday that the United States is close to a deal that would permanently end Iran's nuclear program, dismissing Tehran's threats to the Strait of Hormuz as the final throes of a weakened government.
The U.S. backs a South Africa project to extract rare earths despite a diplomatic clash
Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the center of an exploratory U.S.-backed project to extract highly sought-after rare earth elements from industrial mining waste.
An energy blockade on Cuba pulls the plug on Havana’s legendary nightlife
Havana's broad avenues are empty at night. Theaters are closed. Bars and cafes have curtains lowered. It's hard to find lights in the streets or Cubans making money entertaining tourists.
Iranian official says U.S. ‘maximalist’ demands stall face-to-face talks
Iran is not yet ready to hold a new round of face-to-face talks with U.S. officials, a senior Iranian official said Saturday, citing Washington's refusal to abandon "maximalist" demands on key issues.
Trump aims for more drill, baby, drill in Alaska, with auction in June
An auction to drill on an untouched wildlife refuge in Alaska will take place in June, the Trump administration said.
Supreme Court backs oil companies in climate change lawsuit
The Supreme Court ruled Friday that Chevron can force a climate change lawsuit to be heard in federal court rather than a less friendly state court, delivering a significant legal victory to oil companies preparing to battle an onslaught of global warming cases.
Macron and Starmer hold international summit on reopening the Strait of Hormuz
The leaders of France and the U.K. gathered dozens of countries -- but not the United States -- on Friday to push forward plans to reopen the Strait of Hormuz, a key oil route choked off by the U.S.-Israeli war on Iran.
WATCH: Bessent ‘optimistic’ gas prices will go back to $3 a gallon
Speaking to reporters at the White House briefing Wednesday, Bessent told reporters that he believes gasoline prices will be closer to $3 gallon this summer, saying that pumping of oil can resume within a week of the Strait of Hormuz opening.
BP sued in Kenya over alleged toxic waste from 1980s oil exploration
The High Court in Kenya ruled Thursday that a class action lawsuit against multinational oil and gas company BP, alleging decades-long toxic waste disposal that contaminated drinking water in northern Kenya, can go ahead.
International Energy Agency chief warns Europe could run out of jet fuel soon
The head of the International Energy Agency is warning that Europe could run out of jet fuel within six weeks due to the Middle East conflict and energy crunch.
Europe has ‘maybe 6 weeks of jet fuel left,’ energy agency head tells AP
Europe has "maybe 6 weeks or so (of) jet fuel left," the head of the International Energy Agency said Thursday in a wide-ranging Associated Press interview, warning of possible flight cancellations "soon" if oil supplies remain blocked by the Iran war.
Ukraine launches renewed attacks on Russia’s oil facilities
Ukraine is ramping up its assaults on oil-rich Russia's energy infrastructure in a bid to dampen the windfall Vladimir Putin stands to gain as prices and demand skyrocket in the wake of the U.S. blockade of the Persian Gulf.
The data center boom meets resistance in Maine as lawmakers pass a yearlong freeze
Maine could impose the nation's first statewide moratorium on energy-hungry data centers in a sign of growing political opposition to tech giants' massive structures that have stoked fears about blackouts, rising electricity bills and voracious water needs.
North Korea ‘rapidly’ advances nuclear arms beyond ‘few dozen’ warheads, says U.N. atomic head
North Korea continues to upgrade its nuclear facilities, the head of the U.N.'s atomic agency said Wednesday in Seoul.
Chevron exec says that with high gas prices, Americans should drive less
An executive at Chevron has advice for Americans grappling with the rise in gas prices amid the Iran war: Don't drive so much.
Hormuz blockade, production repairs will leave Qatar’s European customers scrambling for years
After damage to energy production facilities and the U.S. blockade of the Strait of Hormuz, Qatar's largest liquefied natural gas export facility will need at least three years to resume honoring its prewar supply obligations, a former QatarEnergy commercial official says.
In apparent flub, Energy Secretary Wright says U.S. heading ‘in the wrong direction’
Energy Secretary Chris Wright raised eyebrows Tuesday after saying the country "looks like we're going in the wrong direction" in remarks hailing a new natural gas pipeline project.
Surging oil prices spark protest in Haiti as workers demand salary increases
More than 1,000 workers organized a protest Monday in Haiti's capital to demand a higher minimum wage as the conflict in Iran deepens, driving up oil prices.
Britain will not join U.S. blockade of Strait of Hormuz, PM Keir Starmer says
British Prime Minister Keir Starmer said Monday that the United Kingdom is "not supporting" the U.S. naval blockade of the Strait of Hormuz.
