energy

President Joe Biden urged lawmakers Thursday to pass the Inflation Reduction Act of 2022, a bill which would offer inflation relief and invest in energy security and climate change programs.

The government of Boulder City, Nevada, posted on its Twitter account that the fire was extinguished before the fire department arrived.

Around the world, drivers are looking at the numbers on the gas pump and rethinking their habits and finances.

Biden warned refiners the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term”

The Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico.

Ukraine’s top prosecutor says the country plans to hold its first war crimes trial of a captured Russian soldier. Prosecutor General Iryna Venediktova said Wednesday that her office charged 21-year-old Sgt. Vadin Shyshimarin in the Feb. 28 killing of an unarmed 62-year-old civilian in northeastern Ukraine. She didn’t say when the trial will start, but her office has said it...

European countries that are dependent on Russian imports are looking to get greater access to the global natural gas market through a new pipeline that crosses a remote border area of Greece and Bulgaria. The pipeline is nearing completion, and it would ensure that large volumes of gas flows between the two countries in both directions. The project is seen...

A wind energy company has been sentenced to probation and ordered to pay more than $8 million in fines and restitution after at least 150 eagles were killed over the past decade at its wind farms across the U.S.

The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves.

The meeting comes more than a month after Russia launched its invasion of Ukraine.

In a call with German Chancellor Olaf Scholz, Russia’s Vladimir Putin said European firms could continue paying for gas supplies in euros or dollars.

Finance, geopolitics and cybersecurity will all be crucial in determining the scope and success of any energy transition.

With the U.S., EU and U.K. looking to phase out Russian gas imports, western leaders could look to LNG projects in sub-Saharan Africa to soften the landing.

One of the early casualties of Russia’s territorial ambitions in Ukraine was the Nord Stream 2 gas pipeline, a massive energy project that cost $11 billion.

Brent crude futures fell 5% early Thursday, while U.S. crude futures slid over 6%.

Biden officials said the new funding will allow them to retrofit about 450,000 homes and slash monthly energy bills for families.

Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply.

Germany said Wednesday the “early warning” measure was the first of three stages and does not yet imply a state intervention to ration gas supplies.

Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February.

Ronin Network said in a blog post on Tuesday that it lost around $615 million in USDC and ethereum.