Energy
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California new requirement for energy-efficient tires criticized over cost, regulatory overreach
The average tire prices could increase from $81 to $157, raising the costs to over $300 per car, according to the Tire Industry Association.
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Fuel shortages spread across some regions in Russia, prompting restrictions on sales
The crisis began gaining momentum in May, and by July, it had spread to almost all regions of Russia as drone attacks shutdown several refineries.
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Historic federal land in Louisiana eyed for natural gas expansion
The land officially becomes available for Venture Global to buy on Aug. 21.
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Climate researcher Judith Curry says the era of ‘climate stupidity’ is done and declares victory
As media outlets shut down their climate desks, corporations retreat from climate targets, and polls of voters show they rate climate change lowest on their priorities, critics of the “climate crisis” narrative are saying it may be time to move on.
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Energy chiefs warn EU climate rules threaten liquefied natural gas supply
EU relies on the U.S. for roughly 63% of its total LNG imports, while between 64% and 68% of all U.S. export volumes are shipped to European buyers.
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Trump alleges gasoline price gouging, orders Justice Department to investigate
The average gasoline price in the U.S., according to AAA, was $3.93 per gallon on Wednesday, down from $4.52 a month ago but over $0.71 over what they were a year ago.
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Mexican President Claudia Sheinbaum said she wants Mexico to resume shipments of oil to Cuba
Mexico was a key supplier of oil to Cuba when Venezuelan President Nicolás Maduro was still in power, but the shipments were suspended when President Donald Trump threatened tariffs on any country that provides or sells oil to the island.
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Iranian oil exports surge as open transits of the Strait of Hormuz resume
Crude oil exports from Iran are known to be transferred onto ships off the coast of Singapore for delivery to China.
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Feds order grid overhaul to speed AI data center development
Under the new orders, the nation’s six regional market operators have 60 days to comply with a requirement that they must either legally justify their existing grid connection rules or file sweeping tariff overhauls directed specifically at large energy users.
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Trump admin to lower housing costs by removing Biden-era green energy mandates, HUD secretary says
The cost of compliance, according to U.S. Housing and Urban Development Secretary Scott, adds $31,000 to the cost of a home and adds to the housing shortage Americans are facing.
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Reserves and fracking prevented energy crisis, but challenges lay ahead despite ceasefire: experts
The double blockades on the Strait of Hormuz produced the world's largest disruption in energy supplies, yet the situation never produced the global energy crisis that some predicted. There are several reasons, including U.S. stockpiles proving more robust than expected. As for now, those supplies have been severely depleted.
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Vessels begin exiting Strait of Hormuz following interim peace deal between U.S. and Iran
The three Saudi vessels carried about six million barrels of Saudi oil, A supertanker carrying oil from the United Arab Emirates, a ship carrying Qatari liquefied natural gas, and a Chinese fuel tanker were also among the traffic moving through the Strait of Hormuz.
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Seattle electric rates expected to increase 19% over two years
Rate hikes, which would start in 2027, are related to a backlog of infrastructure projects and rising electrical demand.