Energy
The newest developments in energy and climate change.
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Current with Christine Romans
Diesel prices skyrocket to an all-time high as conflict in the Middle East continues
Hallie Jackson NOW
Iran-backed Houthis take control of Red Sea coastline in Yemen
Current with Christine Romans
Global oil prices top $105 per barrel as war with Iran intensifies
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Gas prices approach highest level this year with just weeks to go before midterms
Friday’s national average is 10 cents below its May high, less than eight weeks before key elections.
FOR SUBSCRIBERSHow L.L.Bean is navigating the U.S.-Canada trade war — and keeping Canadian shoppers close
“We have long had a tremendous relationship with our neighbors to the north,” said CEO Greg Elder.
Diesel hits all-time high of $6 per gallon and just about everything will cost more
“We are endangering one of the strongest economic pillars that we have in this country,” said fourth-generation Iowa farmer Mark Mueller.
Oil prices soar to $108 for the first time since May as bond yields jump
As a result of rising prices, the national average gas price rose to $4.27 a gallon, and diesel fuel is inching closer to $6 a gallon.
Oil nears $100 on reports of new U.S. strike in Iran and attacks on Saudi infrastructure
Experts warn that oil could exceed $120 per barrel if such attacks and reduced traffic in the Strait of Hormuz persist.
Fuel prices at record Labor Day high in U.S. due to Iran war and refinery issues
Prices shot up after the U.S. and Israel attacked Iran in February and have not settled down since. Crude oil traffic through the key Strait of Hormuz has plunged, and Iran has refused to reopen the waterway.
Price of diesel hits all-time high as Iran, Ukraine wars constrict global supply
For U.S. consumers, the rising cost of diesel is likely to result in higher retail prices for everything from produce and toys to lumber and apparel.
Oil touches $97 per barrel as diesel prices surge to highest level this year
The nationwide average price for diesel fuel rose to $5.78 per gallon, up 9 cents overnight.
FOR SUBSCRIBERSForget crude oil. The real energy crisis right now is in diesel.
Prices for the fuel that powers everything from boats and trains to farm equipment are nearing all-time highs as global refining capacity dwindles.
Live Updates
Elections highlights: Ed Markey fends off Seth Moulton in Massachusetts Senate Democratic primary
Sen. Ed Markey touted his progressive bona fides, while Rep. Seth Moulton highlighted his opponent’s age and argued that a change was needed.
Days after Trump announces Venezuela oil deal, White House fills in some of the details
The deal will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves.
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