Energy
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Mitsubishi finalizes $7.5B purchase of Louisiana gas assets
Taken together, Japanese multinationals will produce an estimated 4.5 billion cubic feet per day or about 30%-35% of the Haynesville region’s total natural gas in 2026.
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Gas prices start to rise in Southwest after end of ceasefire
Costs remain particularly high in the Southwest, with the average gas price at $5.43 a gallon Friday in California. That was also the price in Hawaii.
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Fossil fuels still dominate globe, despite trillions of dollars spent on energy transition: report
In 2025, fossil fuels provided 86.3% of the world's total energy. That's down from 83.6% the previous year. Renewables showed large year-over-year gains, but one researcher estimates that at the current pace, it will take centuries for the world to reach net-zero emissions.
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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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Stockpiles of oil and gas hitting historic lows, threatening to push gasoline prices higher: experts
Even an immediate opening of the Strait of Hormuz wouldn't likely prevent a rise in gasoline prices.
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Legal turmoil over troubled Vineyard Wind offshore project highlights a key concern of critics
The court filings in the saga reveal the financial uncertainty of the project — and possibly the industry — which could become a serious problem when it comes time to remove the hundreds of massive towers now being pounded into the sea floor.
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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.