Energy
NextEra, Dominion want to create a massive power company as AI drives energy demand in the U.S.
NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S.
Iran says it exchanged revised proposals with U.S., though enrichment remains a sticking point
Iran and the U.S. exchanged new proposals for reaching a lasting peace in the Middle East conflict, the Foreign Ministry in Tehran said Monday.
Iran working with Oman to design a mechanism for controlling traffic through Strait of Hormuz
Iran is in talks with Oman to construct a mechanism to direct commercial shipping through the Strait of Hormuz, Iran's Foreign Ministry said Monday, as Tehran looks to formalize control over the vital waterway.
Unidentified drone strike starts fire near United Arab Emirates’ nuclear plant
An unidentified drone strike sparked a fire in an electrical generator near the United Arab Emirates' Barakah Nuclear Power Plant, the state-affiliated Abu Dhabi Media Office announced Sunday.
Iran war ‘almost over,’ dramatic price drop coming, interior secretary says
Those who are focused on soaring gasoline prices are "missing the big picture" about President Trump's war with Iran and should realize how much worse it could have been, Interior Department Secretary Doug Burgum said.
Strange bedfellows: Environmental groups and oil refining states team up to fight E15 ethanol
You wouldn't expect to see Wyoming's Republican Sen. John Barrasso siding with the left-wing climate group Earthjustice, but the two share a mission: Stopping Congress from passing legislation permitting the year-round sales of E15 ethanol.
Canada doubles down on clean energy commitment, plans to reduce electricity costs
Canadian Prime Minister Mark Carney unveiled a clean electricity strategy Thursday he says will help double Canada's electricity grid by 2050 and lower energy costs for the majority of Canadian households.
New Mexico politicians grapple with oil windfall from Iran war that’s both ‘awesome’ and awkward
The global oil bottleneck in the Strait of Hormuz has generated an enviable - and politically sensitive - financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services.
As Trump targets offshore wind, a look at the global industry by the numbers
President Donald Trump is stopping offshore wind projects in the United States, just as the industry was poised to grow significantly.
Ex-pilots, millionaires call out ‘obscene’ celebrity private jet use at Cannes Film Festival
Former pilot criticizes celebrities using private jets to travel to the Cannes Film Festival: "The rich and famous burning through scarce fuel to get to a film festival isn't just tone deaf, it's obscene."
House passes bill to expand biofuel blend E15 despite GOP divide
House Republicans spent weeks sparring internally over a bill to expand production and sales of the biofuel blend E15, pitting lawmakers from corn-producing states against conservatives concerned about expanding an expensive government mandate.
Iran’s Parliament moves closer to formalizing control over Strait of Hormuz
Iran's Parliament took a step closer to formalizing its management over the Strait of Hormuz, the head of its National Security and Foreign Policy Committee announced Wednesday, in a move that could further weaken a ceasefire between Washington and Tehran.
Wholesale prices rise at highest annual pace since late 2022
Wholesale prices rose at the highest annual rate in over three years, the government said Wednesday in another sign of stubborn inflation.
South Korea considering supporting U.S. effort to secure Strait of Hormuz, defense minister says
South Korean Defense Minister Ahn Gyu-back said Wednesday Seoul may offer support for the U.S.-led effort to guide commercial ships through the Strait of Hormuz after a South Korean vessel came under fire in the waterway last week.
Republicans pivot to emergency gas tax holiday, affordability agenda as soaring prices anger voters
Soaring inflation, rising gasoline prices and crushing housing costs have pressured Republicans in Congress to make an emergency pivot to affordability measures as they face an increasingly dissatisfied electorate that could boot them out of the majority after November.
Travel plaza chain Buc-ee’s expanding to Arizona and Arkansas this year, four more states in 2027
Gas station chain Buc-ee's, based in Texas with locations in 11 other states, is opening its first stores in Arizona and Arkansas this year, and four more states next year.
Prices rose at 3.8% for the year ending in April as energy spikes with Iran war
Consumer prices rose at a yearly rate of 3.8% in April, driven by high fuel costs alongside the conflict in the oil-rich Middle East.
Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply
Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war's closure of the Strait of Hormuz has choked off the supply of this fuel that powers the global maritime industry and its largest refueling hub in Asia.
Treasury sanctions Iranian oil sales to China that fund the Tehran regime’s military
The Treasury Department said Monday it is sanctioning 12 persons or entities for their roles in helping Iran's Islamic Revolutionary Guard Corps sell and ship oil to China.
Trump pushes for suspension of federal gas tax during war with Iran
President Trump said Monday he would like to suspend the federal gas tax to alleviate costs during the war with Iran.