The bill would have rolled back a large part of the 2013 opening of Mexico’s electricity and oil industries to foreign investment, which led to billions of dollars of investment in power plants, oil exploration and gas stations by international energy companies.
Power companies are preparing to spend the most money in decades to shift to renewable energy and replace aging infrastructure.
The Russian president acknowledged that Western sanctions have stymied his country’s energy industry and it will need to reorient oil and gas sales away from markets in Europe to Asia.
Futures climb 4.3% in the latest sign of persistent demand, driven in part by disruptions overseas.
The measures being considered by the U.S. Fish and Wildlife Service could include a permit process for new skyscrapers, power lines, wind turbines and other structures that pose hazards to birds.
Refiners are trimming output and in some cases closing down because of falling demand at home and abroad.
Soaring energy prices prompted by Russia’s invasion of Ukraine will take a heavy toll on the global economy and weigh on demand for crude, outcomes that will worsen if the war continues, the oil cartel warned.
Wild swings in commodity futures markets complicate business for those who use raw materials and filter into higher prices for consumers. Traders are stepping away from the risky market, creating even more volatility.
The companies have imposed new fuel surcharges on customers, but some local contractors and drivers are pressing the companies for even more financial help.
The Rajapaksa family has dominated Sri Lankan politics for much of the past two decades, but public dissent is growing as energy shortages have led to rolling blackouts, and people have to wait for hours in line to obtain basic goods.
Polling shows Marine Le Pen closing in on President Emmanuel Macron ahead of elections Sunday, as the war in Ukraine ripples across Europe’s economic and political landscape.
Surging oil fuel prices usually produce both winners and losers for transportation companies, but not this time.
The White House said President Biden supports the legislation and would sign it into law. The moves aim to punish Russia for its invasion of Ukraine.
How the federal government manages oil and natural gas drilling on public lands is coming into fresh focus amid high energy prices and the cutoff in imports from Russia.
The first-quarter accounting charges follow the oil major’s decision to sever ties with Russia in response to the invasion of Ukraine.
The examination of the standard for tallying carbon footprints was prompted in part by concerns that it lets companies say their power is green when it’s technically not.
The EU is taking its first steps to reduce its energy imports from Russia but can’t agree to sanction the bloc’s biggest business dealings with the country: the purchase of oil and natural gas.
Some banks including Citigroup arranged more oil-and-gas than green debt in the first quarter with high energy prices and Russia’s invasion of Ukraine making fossil fuels more attractive.
The agreement initially will allow Neiman Marcus’s Berdgorf Goodman brand to expand overseas digitally by using Farfetch’s technology to power its digital business.
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