Energy

A new report reveals hotter temperatures could very well create rolling blackouts, impacting Americans' ability to turn on the lights this summer.

Report: Extreme heat will challenge power grid, rolling blackouts likely

The EU is banning Russian oil imports.

Russian oil found in US as EU bans imports, OPEC+ considers suspension

OPEC and its allies (OPEC+) said Thursday it would increase crude oil production capacity, but Americans shouldn’t expect gas prices to change much.

OPEC announces increase in crude oil output

Experts are now sounding the alarm about a potential gas, diesel and jet fuel shortage this summer in the United States.

‘End of the oil age’: Expert warns of summer fuel shortage

The price of a gallon of gas surged nearly $2 in the past year, and experts are warning Americans haven't seen the worst of it.

‘More pain in our future’ as gas prices top $5 per gallon: GasBuddy economist

The Treasury Department issued sanctions over petrochemicals in Iran.

Treasury Department sanctions companies over Iran petrochemicals

Congress is trying to bring down inflation on food and fuel with a new bill aimed at reducing costs for farmers, producers and consumers.

Congress targets food and gas inflation in new bill

President Joe Biden said he is considering a federal gas tax holiday as a way to lower rising, record-high fuel costs for Americans.

With fuel prices soaring, Biden considering federal gas tax holiday

Tesla topped the list of most American-made cars.

Tesla tops list of most American-made cars as VW poses EV challenge

Drone strikes Russian refinery near Ukraine border

The Persian Gulf is home to more than half of the world's oil reserves, but one major producer is looking to diversify with oil output at a 'maximum.'

Oil giant UAE looks to be dual threat with massive clean energy investments

The Supreme Court ruled on how the Environmental Protection Agency (EPA) will police emissions, dealing a blow to Biden's climate agenda.

Supreme Court rules EPA can’t regulate emissions on its own

Nuclear power attracting more money, interest as world cuts carbon emissions and the Russian invasion of Ukraine drives up gas prices.

Nuclear power attracting more money, interest

Fireworks, airlines and oil companies to profit most over Fourth of July

Gas taxes in nine states are jumping as Independence day arrives, meaning millions of Americans will be spending more on gas during this travel season.

Gas taxes jump in nine states on July 1

The euro is close to reaching parity with the dollar, where $1 would buy €1. The euro price against the dollar dipped under $1.03 Tuesday.

Weakening euro hits 20-year low against dollar over recession fears, energy crisis

Americans have been desperate for gas price relief, but after a precipitous drop in crude oil prices this week, analysts saw it as a sign of trouble ahead.

Oil price slump is good for gas prices but driven by recession fears

The political pressure is on the Biden administration to lower oil and gas prices, though most of its ideas are being met with resistance.

Expert: ‘Very bad idea’ for Biden to ban oil exports to lower gas prices

There are plenty of warning signs of an oncoming recession in the U.S., from record, rising inflation to falling oil prices.

Inflation, oil, stocks lead 5 signs of imminent recession

ERCOT is warning of rolling blackouts due to expected record heat in Texas.

ERCOT warns of rolling blackouts ahead of record heat forecasts in Texas

At 36, Crown Prince Mohammed bin Salman (MBS) has made a name for himself on the world stage as the de facto leader of Saudi Arabia.

Can Saudi Arabia’s Mohammed bin Salman help Biden lower gas prices?

Russia shut down the single biggest natural gas pipeline to Germany for maintenance. German leaders said expect some “hiccups” along the way.

Russian Nord Stream 1 gas pipeline to Germany closed for maintenance

Gazprom warned Europe of a supply halt while signing a deal with Iran.

Gazprom warns Europe of potential supply halt, makes $40B deal with Iran

Trump-endorsed governor candidate wins Maryland primary, Twitter's lawsuit is set for October, Europe told to conserve gas amid an energy crisis.

Trump primary pick win, Musk/Twitter trial date set, Europe conserving gas

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