Analysts say slightly lower gas prices could be around the corner, but it’s not clear whether the declines — or the ceasefire — will last.
oil
Posted inBusiness, Maine, News
Maine heating oil prices up to highest point in years
The head of Maine’s Department of Energy Resources called the recent spike ‘historic’ as average costs exceed $5 per gallon.
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Posted inBusiness, Maine, News
Maine heating oil prices up more than 20% since last week, state says
Prices have shot up since the United States and Israel launched attacks on Iran late last month.
Posted inMaine, Nation & World, News
Protesters gather in Portland to oppose Venezuela operation
Over 100 people convened downtown on Saturday afternoon to protest President Donald Trump’s strike on the South American nation.
Posted inBusiness, Maine, Politics
Trump administration seeks to expand offshore oil and gas drilling, including in Gulf of Maine
The Department of the Interior also moved to speed up permitting for a range of energy sources, primarily fossil fuels.
Posted inBusiness, Maine, News
Trump tariffs may roil Maine energy prices and lobster, lumber markets
Canada, which is Maine’s largest trading partner, could be particularly hard hit by a 25% universal tariff, as suggested by the president.
Posted inBusiness, Nation & World, News
U.S. oil and gas must cut methane 80% to meet industry targets, new data shows
On average, data collected from the Environmental Defense Fund shows around 1.6% of gross gas production is released as methane into the atmosphere.
Posted inBusiness, Nation & World, News
Congressional leaders discussing Iran oil sanctions
That legislation could increase crude prices by as much as $8.40 a barrel, which would add 20 cents per gallon for gasoline if the sanctions were passed into law and enforced.
Posted inBusiness
Fuel companies must pay more to drill on public lands under new Biden administration rule
The new rule does not go so far as to prohibit new oil and gas leasing on public lands, as many environmental groups have urged and as Democratic President Biden promised during the 2020 campaign.
Posted inBusiness, Nation & World
Ohio commission awards bids to frack oil and gas under state parks, wildlife areas
Fracking opponents decried the commission as being ‘sheep’ and giving in to corporate greed at the expense of Ohio greenspace.