The U.S. oil industry is suffering from the lowest crude prices in years, surging costs for steel and an economic downturn that could send consumer demand for its products plummeting.
BP BP 1.42%increase; green up pointing triangle said it has discovered oil at the U.S. Far South prospect in the Gulf of Mexico at a time when the British energy major is growing upstream production under a reset strategy.
The Energy Department is repealing a Biden-era rule that restricted water flow from shower heads following an executive order last week from President Trump.
Former President Joe Biden’s appointees crafted an unusual strategy for funneling hundreds of billions in government and private dollars to climate projects in lower-income communities — and for doing it fast enough that an incoming Trump administration would be unable to stop it.
The US and Saudi Arabia will sign a preliminary agreement on energy investments that include a civilian nuclear technology deal, Washington's Energy Secretary said in Riyadh.
President Trump last week issued executive orders designed to revive the use of coal in power plants, a practice that has been steadily declining for more than a decade.
(Bloomberg) -- Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright.
The brawl over the fate of certain clean energy tax credits is set to escalate as congressional Republicans draw new lines in the sand and the White House steps up its pressure on GOP leaders to gut the credits for savings.