The Latest Breaking News on Energy

As heat wave strains California energy grid, wildfire smoke could limit solar power

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.

Los Angeles Times · Sep 9, 2022

Biden team weighs new oil release among steps to rein in prices

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.

Tribune News Service · Sep 9, 2022

Pipeline operators to plead no contest in Orange County oil spill and pay nearly $5 million

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.

Los Angeles Times · Sep 8, 2022

2 Other Oil Stock to Buy Before Devon Energy

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…

StockNews.com · Sep 8, 2022

Oil company pleads guilty in Southern California spill

An oil company has pleaded guilty to negligently discharging crude off the Southern California coast when its underwater pipeline ruptured last year

The Independent UK · Sep 8, 2022

Why fracking in UK will not fix fuel bills and is economically high risk

As Liz Truss lifts ban, experts say UK shale cannot be produced at scale and any gas produced would be sold to highest bidder

The Guardian - UK · Sep 8, 2022

Explained: How India's import of Russian oil is part of inflation management

NEW DELHI: India's share of Russian oil import jumped to 12-13% since February, even amid multiple sanctions by different countries on Moscow.

The Times of India · Sep 8, 2022

Liz Truss’s big-bucks energy plan notable for what it lacks

Most striking feature of new PM’s strategy is how much has been filed under ‘to do’ or ‘details to follow’

The Guardian - UK · Sep 8, 2022

Germany's neighbours reluctant to sign gas sharing pacts - newspaper

Germany's neighbours are reluctant to sign bilateral agreements with Berlin on sharing gas in an emergency, Welt newspaper reported on Thursday, citing an economy ministry document.

Reuters · Sep 8, 2022

Bank of England to lend UK energy companies as much as £40bn

Bailout fund provided amid soaring market prices and fears of another wave of collapses

The Guardian - UK · Sep 8, 2022