The Latest Breaking News on Energy

This week, several of the largest companies that profit from Australia’s carbon market called for changes to the system. They said the rules that govern the issuing of carbon credits to some projects were too lax and the market’s integrity should be improved.

SET-listed Gulf Energy Development (Gulf) on Friday said it has invested US$409 million in a 49% stake in Jackson Generation, a 1,200-megawatt natural gas-fired power project in Illinois, its first expansion into the United States.

European Union energy ministers on Friday tasked Brussels with drafting proposals within a few days to cap the revenues of non-gas energy producers and help power firms stay afloat.

LOS ANGELES — As an unprecedented heat wave continues to strain California’s power grid, officials have issued a ninth straight Flex Alert — this one slated to last two hours longer than the previous daily statewide announcements to limit energy consumption.

WASHINGTON — Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

LOS ANGELES — The Texas company operating the pipeline that caused a massive oil spill in the waters off Huntington Beach agreed to plead no contest to state environmental charges and pay nearly $5 million in fines and penalties, prosecutors announced Thursday.

Talks expected to be complex, with some member states strongly against proposed price cap on Russian gas

LOS ANGELES — As an unprecedented heat wave continues to strain California's power grid, officials have issued a ninth straight "flex alert" — this one slated to last two hours longer than the previous daily statewide announcements to limit energy consumption.

The Energy Policy Administration Committee (Epac) has decided to continue to cap liquefied petroleum gas (LPG) at 24.87 baht per kilogramme until the end of October to ease the living costs of cooking gas users.

China's drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to meet electricity demand this winter.

Despite looming supply-chain issues, the global energy sector is expected to remain afloat, supported by robust demand. Large-cap energy stock Devon (DVN) has performed well this year amid the soaring energy prices. However, other popular oil stocks, Marathon Oil (MRO) and APA (APA) could be better buys than DVN. Read…