Energy in America

The Suez Canal ship mishap could rock oil prices for days.

Prices tend to climb closer to summer, when millions of Americans drive to vacation spots and petroleum refiners blend costlier fuel that won't evaporate in the heat.

Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets.

Texas Attorney General Ken Paxton on Wednesday forgave $29 million in unpaid bills as part of a lawsuit against Griddy Energy.

A group of red states filed a lawsuit on Tuesday against the Biden administration for revoking the permit for the Keystone XL pipeline, which the president did via executive order on his first day in office. 

Sen. Rick Scott, R-Fla., blamed Joe Biden for the sudden and sharp increase in gas prices nationwide.

FirstEnergy Corp. reached a deal with Carl Icahn that will give him two seats on the Ohio utility’s board and avert a potential proxy fight as the company looks to put a bribery scandal behind it.

The Schork Group principal Stephen Schork discusses the impact of President Biden’s energy policy on oil prices and the economy on FOX Business’ “Mornings with Maria.”

Upstart Texas power retailer Griddy Energy LLC, devoid of customers and facing litigation after charging hefty amounts during the winter freeze that swept the state last month, is planning to file for bankruptcy, people familiar with the matter said.

Shortly before a utility lawyer and lobbyist was appointed Ohio’s top regulator of electric and power generating companies, he received $4.3 million from top executives at one of the companies whose fortunes would soon be in his hands.