Energy | featured news

The American wind sector has been buffeted by weak demand for electricity, stiff competition from gas and uncertainty over a tax credit that has become a campaign wedge issue.

Producer prices rose by the most in three years in August as energy costs surged, but underlying inflation pressures remained contained, keeping the door open to a further easing of monetary policy.

Interior Secretary Ken Salazar said Thursday that Royal Dutch Shell would be allowed to start “certain limited preparatory activities” for oil drilling in the environmentally sensitive waters off Alaska’s northwest coast.

The Obama administration is set to announce new regulations that would force the average gas mileage of new cars and trucks to nearly double in the next 13 years.

Americans are not happy with the government. But for the first time in a long while, it is not the most hated industry in the country. That honor now belongs to the oil and gas industry.

A fire burned for a third day in two fuel storage tanks at Venezuela's biggest refinery on Monday, putting in doubt plans to quickly restart the facility after one of the worst accidents to hit the global oil industry for decades.

Gas prices have jumped again nationwide, according to a survey published Sunday. he average price for a gallon of regular is now $3.76 -- up nearly seven cents from two weeks ago, the Lundberg Survey found.

Republican presidential candidate Mitt Romney will lay out policies on Thursday aimed at achieving North American energy independence by 2020 by pursuing a sharp increase in production of oil and natural gas on federal lands and off the U.S. coast.

Even as President Barack Obama considers using U.S. oil stockpiles to halt rising gasoline costs in an election year, a Reuters/Ipsos poll released on Tuesday shows economic pain at the pump is not a big concern for voters.

Carbon dioxide emissions hit an unexpected 20-year low earlier this year, mainly because utilities have switched from coal to natural gas.