Energy
This version of Energy - Business and Economy | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
The newest developments in energy and climate change.
LATEST ENERGY NEWS
SCIENCE NEWS
MORE ENERGY NEWS
Gas prices hit $4.23 per gallon, a new high for the year
The grim milestone comes as oil prices have surged higher over the past week amid a dual blockade by the U.S. and Iran of the Strait of Hormuz.
United Arab Emirates quits OPEC as Iran war raises Gulf tensions
The UAE is the third-largest oil producer in OPEC, behind Saudi Arabia and Iraq. Leaving the group is likely to be a precursor to increasing oil production.
FORSUBSCRIBERS
3 emerging forces that will shape the next phase of oil prices
After initial shocks sent the cost of oil soaring and then tumbling, new dynamics are coming to the fore as the global economy adjusts to high prices.
Spirit Airlines nears deal with Trump administration for $500 million rescue package
The struggling discount carrier has filed for bankruptcy twice, and now it's under pressure from higher jet fuel costs due to the Iran war.
Maine Gov. Janet Mills is undecided on whether to sign a pause on data centers
The state Legislature passed a first-of-its-kind bill to impose a moratorium on data centers amid a heated national debate over the energy-hungry structures that power AI.
S&P 500 hits all-time high as investors shrug off Iran war oil price spike
The rebound over the past two weeks has been faster than the one following the Covid market crash in 2020 or when tariffs roiled markets last year.
Oil prices might be starting to come down for a worrisome reason
The largest oil shock in history caused prices to surge. Now they're so high that they may be causing "demand destruction." That would mean slower economic growth.
Oil prices hover around $100 as concerns about ceasefire persist
The national average price per gallon of gas was $4.17, continuing its monthlong climb.
Oil plunges on Iran ceasefire news, setting the stage for some relief on gas prices
The S&P 500 jumped 2.2% and could climb even higher "as euphoria returns to markets," analysts at JPMorgan wrote. 
FORSUBSCRIBERS
Why the price you pay for oil won't return to pre-war levels — despite the ceasefire with Iran
Global shipping and energy markets may never be the same, as the world grapples with ongoing questions about the Strait of Hormuz.
Oil prices plunge 15%, stock futures rally after Trump announces ceasefire
The price of U.S. crude oil fell to about $95 per barrel, a stunning drop after it traded as high as $117 on Tuesday.
