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Deep snow — over a foot extending in a 1,300-mile swath from Arkansas to New England — halted traffic, canceled flights and triggered wide school cancellations Jan. 26. 

The winter storm is estimated to have knocked offline almost 10% of U.S. natural gas production, just as demand for the heating and power plant fuel jumped.

Eaton on Jan. 26 announced it is pursuing a separation of its Vehicle and eMobility segments, as the electrical equipment maker looks to focus on high-growth businesses under new CEO Paulo Ruiz.

U.S. natural gas futures for February delivery surged 70% as the market braced for a historic winter storm that’s poised to send temperatures plummeting and boost demand for the heating fuel.

Frigid weather sweeping across much of the U.S. is starting to freeze oil and natural gas wells, threatening to disrupt production from North Dakota to Texas.

The U.S. sanctions aim to prevent the targeted Iranians from doing business with Americans or accessing U.S. accounts. The targeted vessels are from Palau, Panama and other jurisdictions.

Lawmakers had been working to pass a measure allowing year-round sales of higher-ethanol E15 gasoline. But the amendment was scrapped Jan. 22, in a blow to ethanol producers and large refineries.

The Trump administration is canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Joe Biden.

Tesla shed by far the most new-car buyers in California last year, showing how the electric vehicle maker is losing ground in one of the world’s largest EV markets.

Oil executives and industry leaders have stressed companies need political and legal reforms, contract certainty and security guarantees before investing in Venezuela.