Oil prices were little changed Friday after the U.S. said its naval blockade of Iranian ports could continue “indefinitely,” reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international benchmark, lost 5 cents to $87.02 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were 1 cent lower at...
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years as emergency stocks are released to help ease the supply disruption triggered by the Iran war. The SPR stood at 340.3 million barrels as of June 12, the lowest level since the summer of 1983, according to data released...
Read more in CNBC here.
Read more in CNBC here.
Holiday road-trippers are feeling some relief at the pump this year. The average price of unleaded gasoline in the U.S. has been below $3 a gallon for most of the month — the lowest level since 2021, according to AAA. The association said it’s shaping up to be the cheapest December for drivers filling up their tanks going back to the...
Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. Trump Media shares — which have plummeted more...
Alphabet’s Google and Kairos Power will deploy an advanced nuclear plant connected to the Tennessee Valley Authority’s electric grid by 2030, the companies announced Monday. TVA has agreed to purchase up to 50 megawatts of power from Kairos’ Hermes 2 reactor. It is the first utility in the U.S. to sign a power purchase agreement with...
Tsunami waves have reached California and Hawaii several hours after a powerful 8.8 magnitude earthquake in Russia’s Far East. The U.S. National Tsunami Warning Center said Wednesday morning that tsunami waves measuring 1.6 feet above tide level have been observed in Arena Cove in the U.S. state of California. In Hawaii, tsunami waves of up to 4.9...
The Trump administration is seeking to repeal a landmark finding that greenhouse gas emissions pose a threat to public health, the head of the Environmental Protection Agency said Tuesday. “This has been referred to as basically driving a dagger into the heart of the climate change religion,” EPA administrator Lee Zeldin told the conservative “Ruthless...
Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of...
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