Energy

Community Power Coalition of New Hampshire, a collective of 50 towns, cities and counties in New Hampshire, has announced a 26% drop in the Community Power base electric rate to 8.1 cents per kilowatt-hour (kWh) starting in February.

Oil rose in New Year trading after Iran sent a warship into the Red Sea, escalating Middle East tensions, and as the outlook for Chinese crude demand brightened.

You won't hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has.

American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down retail prices, according to analysts' forecasts.

Liberty Utilities customers can look forward to saving some money on energy bills early next year, after the Public Utilities Commission voted Friday to approve an electric supply rate decrease to 9.76 cents per kilowatt hour.

Eversource and Unitil delivered early Christmas presents to their New Hampshire customers: lower electric rates.

Oil stretched declines into a fifth session — touching the lowest since early July — as a flood of US exports and doubts over whether OPEC+ will be able to deliver on its planned production cuts raised concerns about oversupply.

BRASILIA/RIO DE JANEIRO — Brazil hopes to join the OPEC+ group of oil-producing countries in January after a full technical analysis, the country’s energy minister said on Thursday, however sources said Brazil is not expected to take part in the group’s coordinated output caps.

CARACAS - Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million bpd, the country's deputy oil minister, Erick Perez, said on Wednesday, following the temporary lifting of U.S. sanctions on the nation.

Cheshire County became the first county-level member of the Community Power Coalition of New Hampshire, offering the county’s towns and city a “fast track” way to enter into community power agreements and get lower electricity rates, the coalition said.

Liberty Utilities cannot recover from ratepayers $7.5 million in development costs tied to its abandoned Granite Bridge natural gas pipeline, the state’s highest court ruled.

Home heating oil prices have been running nearly a dollar cheaper a gallon than a year ago at Southern New Hampshire Energy in Londonderry, which could save customers hundreds of dollars this winter if prices hold.

SACO, Maine - Last December, Ellen McCurley was settling into a calm new life, savoring sunsets from the porch of a modest riverfront home with her dogs Sadie and Maisie, when a notice from the electric company turned it all upside down.

The U.S. Department of Energy on Monday gave a boost to a proposed high-voltage transmission line that would run through New Hampshire and bring hydropower to New England.

HOUSTON - Chevron Corp agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corp's massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.

NEW YORK - Contrarian investors were rewarded for betting on the beaten down U.S. energy sector earlier this year with a blazing rally. Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023.

UNITED NATIONS - Former New York City Mayor Michael Bloomberg announced on Wednesday he will pump $500 million into the next phase of his energy transition campaign, aiming to shut down "every last" coal plant in the United States and slash gas-fired capacity in half by 2030.

LONDON  - OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are faring better than expected despite headwinds such as high interest rates and elevated inflation.

President Biden moved Wednesday to protect more than 10 million acres of Alaska's North Slope from development, barring oil drilling across giant swaths and canceling leases in the iconic Arctic National Wildlife Refuge issued under President Donald Trump.

DUBAI - Saudi Arabia and Russia on Tuesday said they would extend voluntary oil cuts to the end of the year, despite a rally in the oil market and analyst expectations of tight supply in the fourth quarter. Oil prices rose sharply following the news, with Brent rising above $90 a barrel for …

CONCORD — Liberty Utilities is asking state regulators for a 22.5% permanent rate increase on certain charges that if granted would cost the average residential customer about $220 more per year.