Energy
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Facing rising power demand and geopolitical risks, Japan turns back to nuclear energy
The boom in artificial intelligence and the need to reduce emissions, as well as the need to rely less on energy imports in the wake of the war in Iran, have been a big driver of the reverse in policy.
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Trump announces $700 million investment to support coal plants and build export terminal
The funding will support 13 existing coal plants, the construction of two new coal plants, and an coal export terminal in California.
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High fuel costs forces American Airlines to suspend some of its summer routes, company says
The Texas-based airline said that impacted travelers would be offered alternative flights to reach their destinations, or it would grant them refunds.
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International Energy Agency announces release of crude oil from global strategic reserves
The act will be the largest release of crude from global strategic reserves in history.
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Inflation remains at 2.4%, Iran war could complicate gas prices
The price of shelter rose by 0.2% in February alongside a 0.4% increase in the price of food. The index for energy also increased by 0.6%.
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Trump announces first US oil refinery in 50 years to open in Texas
"THIS IS A HISTORIC $300 BILLION DOLLAR DEAL," President Trump said
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ExxonMobil redomiciling legal headquarters from NJ to Texas
The board said it “considered Texas’ legal and regulatory environment, including its modernized business statutes and the Texas Business Court, which is designed to resolve complex disputes efficiently.
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U.S. energy agency ups forecast of American oil and gas output
The agency forecasts U.S. oil production will rise about 3.8% through the end of 2027 while domestic natural gas output will increase about 4.3%, with the prices of both projected to return to near pre-war levels.
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Oil prices surge to highest levels since 2008 amid Iran conflict
The selection of a new hardline leader in Iran and worries about more regional destabilzation sent oil prices to their highest level since the 2008 financial crisis
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Oil prices surging as Iran conflict enters second week
As bombs rocked Iran, oil prices had their most volatile week since the coronavirus pandemic and reached their highest prices since the start of the Russia-Ukraine war
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American gasoline prices increase most in one week since 2020
The president reiterated on Friday that a deal with Iran will require “unconditional surrender.” On Thursday the president said he would be "all for" a ground offensive inside Iran by the region's Kurdish forces.
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Oil-rich Texas to build power lines for renewables, and landowners face possible eminent domain
Despite being one of the most prolific oil and gas regions in the world, the state of Texas is proposing to build 200-foot high high-voltage power lines to support renewable energy. The routes will cross private land, and landowners in the Lone Star State are facing the threat of eminent domain.
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Inside one Michigan town's fight against solar expansion
A project, known as Heartwood Solar, seeks to expand an existing installation onto hundreds more acres of farmland across Hillsdale County.