Energy in America

Officials: 5 missing, fire out after Oklahoma rig explosion

Five people are missing after a fiery explosion ripped through an eastern Oklahoma drilling rig on Monday, sending plumes of black smoke into the air and leaving a derrick crumpled on the ground, emergency officials said.

Iraq signs rare gas deal with US firm

Iraq has signed a deal with a U.S. company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource that has been neglected for decades.

Official: Plan to exclude Florida from drilling isn't final

The Trump administration's promise to exempt Florida from an offshore drilling plan is not a formal action, an Interior Department official said Friday in a statement that Democrats said contradicted a high-profile announcement by Interior Secretary Ryan Zinke.

Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year.

Lawmakers propose major electric rate regulation overhaul

New utility-backed legislation in Virginia would mean lower monthly bills in the short term but would still allow electric monopolies to charge rates that currently produce excessive yearly profits of hundreds of millions of dollars.