Energy
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Saudis reach agreement with U.S. that may allow Islamic kingdom to enrich uranium: report
The deal is intended to further positive relations between the U.S. and Saudi Arabia as the latter's relationship with Iran deteriorates in the wake of the war.
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Average U.S. gasoline prices hit $4 per gallon again as hostilities with Iran resume
Indiana had the cheapest average gas price, at $3.35, while California drivers were paying the most, at $5.50 per gallon.
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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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Truckers easing up on the gas pedal as high diesel prices pinch budgets, analysis finds
Commercial truck drivers drove 4% slower in April compared with the start of the year, and their hauls were 2% shorter, the analysis found.
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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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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.