Energy
Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
Federal government to turn a Kentucky uranium plant into an AI data center and gas power complex
The U.S. Department of Energy is harnessing the artificial intelligence boom in its bid to convert another Cold War-era uranium enrichment site, tapping private equity to fund a $100 billion data center complex that will include its own new natural gas and battery storage power plant in Kentucky.
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IRGC says it struck two tankers in the Strait of Hormuz that were escorted by U.S. military
Iran's Islamic Revolutionary Guard Corps on Friday said its forces had struck two oil tankers attempting to transit the Strait of Hormuz, forcing several other ships to turn around in the process.
Drone strikes on Egyptian port end Cairo’s exemption from Iran war
Egyptian officials said Thursday a drone attack one day earlier caused a fire aboard two vessels -- a U.S.-owned storage facility and a Greek tanker -- at the Mediterranean port of Damietta, confirming that the war between the U.S. and Iran has reached the one Arab state that had managed to stay on the sidelines.
Iran condemns U.S.-Saudi attacks on Iraq as war expands further
Iran on Wednesday sharply criticized the joint U.S.-Saudi airstrikes against its allied militias in Iraq.
Drivers endure overnight gas lines as a war-driven fuel shortage grips Iraq’s Kurdish region
Drivers in Iraq's semiautonomous northern Kurdish region waited in line for hours, some overnight, to buy gasoline in recent days as a fuel crisis gripped the main city, Irbil.
As Trump boosts nuclear power, regulators seek to eliminate a longstanding radiation safety rule
The Nuclear Regulatory Commission is proposing to eliminate a foundational safety principle that has for 50 years minimized the radiation people in the United States are exposed to and that has been adopted around the world.
Trump says attacked vessels should be repaid with Iranian money, prompting warning from Tehran
President Trump says commercial shippers that sustain damage from attacks in the Middle East should be reimbursed using frozen Iranian assets.
Trump plugs states, utilities into pledge for Big Tech to pay for data centers’ energy bills
President Trump on Thursday expanded his Ratepayer Protection Pledge to a sweeping coalition of governors, state legislatures, utilities and data center developers -- demanding that tech giants foot the energy bills for their power-hungry data centers rather than passing those costs onto American families.
Brent oil’s price briefly tops $100 per barrel, as Tesla and Alphabet drag Wall Street lower
Oil prices are jumping again Thursday as increased fighting in the Middle East threatens to slow the global flow of crude. Wall Street, meanwhile, is sinking with sharp drops for two of its most influential stocks, Alphabet and Tesla.
Trump says Saudi nuclear pact will require normalization with Israel
President Trump said Thursday that his civil nuclear deal with Saudi Arabia will be conditioned on the Saudis normalizing relations with Israel as part of his Abraham Accords.
Houthis attack 2 Saudi oil tankers in the Red Sea, threatening to open a new front in the Iran war
Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea early Thursday, as the U.S. military conducted a 12th night of strikes against Iran and diplomatic efforts showed dwindling progress.
Demand for critical minerals fuels conflict but could help resource-rich nations, WTO says
Surging global demand for critical minerals should be "a once-in-a-lifetime chance" for resource-rich countries in Africa and elsewhere to harness wealth and improve life for millions - but it has too easily triggered violence and poverty, the head of the World Trade Organization said Wednesday.
Need backup power? Automakers want you to look no further than their vehicles in your driveway
Winter Storm Uri, the multiday freeze that slammed Texas in February 2021 and pummeled the state's power grid, has been on Kenneth Kovar's mind ever since. Though the resident of New Braunfels, northeast of San Antonio, didn't lose power at the time, he wasn't able to run his septic tank - it is independent from local systems. He had to fill his toilets with water from his backyard pool.
U.S., Saudi Arabia sign historic nuclear cooperation deal
The Trump administration signed a nuclear agreement with Saudi Arabia on Wednesday that could lead to the kingdom developing a domestic uranium enrichment program.
New fighting, blockade in Middle East threaten success of moves to stabilize oil markets
The oil crunch is surprisingly tame amid the Middle East conflict, but governments and the energy industry should gird for further shocks that could send prices soaring, the International Energy Agency said Tuesday.
The men behind Trump’s $3.47 gas: An NFL coach, a GOP fundraiser and two New Jersey brothers
President Donald Trump and his White House have enthusiastically promoted the Freedom Fuel Network, a chain of star-spangled convenience stores selling gas at $3.47 per gallon in honor of the 47th president.
Iran’s chief negotiator chastises U.S. for moving new military equipment to the region
Iran's head negotiator in peace talks with the U.S. harshly criticized Washington on Monday for continuing to move military assets to the Middle East despite voicing a desire to end the war.