Oil prices ease and Trump says war will ‘be ended soon’
Oil prices rebounded from nearly $120 per barrel, their highest since 2022, back below $90 on Monday.
Oil prices rebounded from nearly $120 per barrel, their highest since 2022, back below $90 on Monday.
About 20% of the world’s oil is typically shipped every day through the Strait of Hormuz, but the threat of Iranian missile and drone attacks has all but stopped tankers from traveling through the strait.
The companies committing to the pledge included Google, Microsoft, Meta, Oracle, xAI, OpenAI and Amazon.
President Trump wants the companies to sign pledges committing to foot the power bill for energy-hungry data centers, which are blamed for driving up electricity costs.
The conflict — the largest U.S. military action since the invasion of Iraq in 2003 — is pushing oil prices higher and weighing down the stock market.
Gasoline prices were already rising before the U.S. launched strikes on Iran as refiners began switching over to summer blends of fuel.
Oil prices rose sharply Monday as disruptions to tanker traffic through the Strait of Hormuz raised uncertainty about how U.S. and Israeli attacks on Iran would affect supply to the world economy.
A consortium led by a BlackRock subsidiary and EQT Infrastructure said AES Indiana and AES Ohio will remain “locally operated and managed regulated utilities.”
A narrowly divided vote to roll back portions of Indiana’s environmental code anchored a deadline-day push Tuesday as the Indiana House advanced a slate of bills and set up end-of-session negotiations across the rotunda.
The crown jewel was scoring an actual new nuclear startup.
Cummins is offering eligible Ram truck owners up to $1,000 to encourage them to complete an emissions-related recall tied to a record-setting environmental settlement.
The moves are being viewed by many lawmakers as pro-business and a way to cut regulations.
About two-thirds of vehicles now have it, providing drivers with anywhere from 7% to 26% in fuel economy savings, according to the Society of Automotive Engineers.
The project includes 250 megawatts of solar generation and 180 megawatt-hours of energy storage at the existing Petersburg Generating Station.
The bill’s author said it would would eliminate “unnecessary” mandates and “needless” reporting or paperwork requirements.
The group wants the city to dedicate funding to buy forested areas, to protect them from private development.
Gov. Mike Braun signed an executive order for state agencies to keep businesses in mind when setting environmental rules. That directive could soon materialize in changes to rules governing the Indiana Department of Environmental Management.
The Supreme Court ruled in 2024 that the EPA could not enforce the rule, which is intended to block coal-fired power plants and other industrial sites from adding significantly to air pollution across state lines.
The EPA makes those decisions in Indiana and elsewhere, but an increasing number of states are seeking primary enforcement authority.
Indiana was barely hit by power outages as of early Sunday afternoon. Poweroutage.com, which tracks outages nationwide, reported only 79 customers without power as of 1 p.m. out of more than 3.2 million customers.