Energy
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Climate advocates sue to block repeal of ‘Clean Power Plan 2’, but experts say was bound to fail
The rule would have shut down coal and natural gas-fired power plants. Critics say it would have driven up electricity costs, spawned frequent blackouts -- all while having little impact on global temperatures.
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Costco raises prices of Kirkland motor oil and limits how much customers can buy
Costco’s Kirkland Signature full-synthetic motor oil 5-quart two pack now costs approximately $58, up from $30 last year.
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Chinese energy company signs 20-year deal to buy American natural gas
The deal comes despite China maintaining tariffs on U.S. energy products, including a 15% levy on LNG. The LNG tariff remains in place even after China suspended a 24% additional tariff on U.S. goods for one year.
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New York AG James sues Trump administration over $1 billion deal to stop offshore wind project
New York Attorney General Letitia James' lawsuit argues that the agreement to end the offshore wind project will harm the plaintiff states' economies, their energy grids and the states' climate goals.
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Exxon, global agencies warn of oil price spike within weeks
Neil Chapman, senior vice president at ExxonMobil, told investors at the Bernstein 42nd Annual Strategic Decisions Conference in New York that global inventories could reach critical lows within "two to three weeks."
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Power grid demand summer outlook cautiously optimistic
PJM’s Summer Outlook 2026 projects adequate reserves to maintain reliability under expected conditions, even with hotter-than-normal weather in the forecast and peak demand projected at near-historic levels.
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Trump hesitates to commit to gasoline tax holiday a couple weeks after calling it 'a great idea'
"Well, it's something we might talk about. We'll see what happens in the next week or two weeks," Trump told reporters.
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Dow Jones hits new record as oil prices continue to decline to below $90 per barrel
West Texas Intermediate oil prices, the American benchmark, dropped below $90 per barrel on Wednesday afternoon, a drop from $105.42 on May 15.
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Ferrari stock prices drop after luxury carmaker rolls out first fully electric vehicle
The Luce, as it's been dubbed, was unveiled in Rome comes as Porsche and Lamborghini scale back plans to launch their own EVs in the face of weak demand.
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GOP-led House advances highway bill that slaps fees of EV owners after years of ducking gas taxes
The bill also impose a fee on EV owners for their vehicles putting excessive well and tear on roads.
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As oil companies look to replicate shale success outside US, they face big challenges
Over decades, America's shale oil and gas wells will decline. Companies have been exploring opportunities abroad, as there are plenty of shale-rich basins for companies to tap.
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Despite high gas prices, Memorial Weekend travel expected to break records, AAA forecasts
The AAA domestic travel forecast expects 39.1 million people will travel by car, which is slightly higher than last year, when 39 million people traveled by car over the holiday weekend.