California officials declared a statewide grid emergency. California officials declared a statewide grid emergency to cope with surging demand for power amid a blistering heat wave, raising the prospect of Continue Reading
Since Monday, the national average for a gallon of regular gasoline dropped three cents to $3.82. According to new data from the Energy Information Administration (EIA), gas demand increased slightly Continue Reading
Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long Continue Reading
The landmark climate law signed by US president Joe Biden last month contains billions of dollars of financial carrots to reward investment in clean energy. The lone stick has been Continue Reading
A flex alert is issued by the ISO when the electricity grid is under stress because of generation or transmission outages, or from persistent hot temperatures. The California Independent System Continue Reading
The European Union is on track to beat targets for filling gas storage, but analysts warn the bigger factor for energy security this winter will be whether countries can slash Continue Reading
Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil (LKOH.MM) , died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, Continue Reading
The U.N. nuclear agency chief said his experts were staying put after they crossed on Thursday into Russian-held territory in Ukraine and reached Europe’s biggest nuclear power plant, where both Continue Reading
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Inflation is grabbing all the headlines, but the crumbling pound is threatening to make things even bleaker for the UK’s economy this winter. Fresh from posting its worst monthly performance Continue Reading
