ALBUQUERQUE (AP) — New Mexico regulators started deliberations Thursday on another set of rules proposed by Gov. Michelle Lujan Grisham’s administration to crack down on pollution across the oil and natural gas sector. Their discussions came amid a rekindled national debate over domestic production as concerns grow over instability in the global energy market. The proposal before the state Environmental …

EXPLAINER: What does a US ban on Russian oil accomplish? By CATHY BUSSEWITZ and MATTHEW DALY Associated Press NEW YORK (AP) — With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a U.S. ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports …

Nations agree to release 60M barrels of oil amid Russian war By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies …

Companies face penalties for well violations in New Mexico SANTA FE, N.M. (AP) — State oil and gas regulators have issued notices to two companies for violating their permits for wastewater injection wells in southeastern New Mexico. The Oil Conservation Division said Tuesday that the civil penalties include more than $2 million against XTO Permian Operating for violations at four …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

BELFORT, France (AP) — France plans to build six new nuclear reactors and to extend the life of its existing nuclear plants as part of the country’s strategy to reduce the greenhouse gas emissions that cause global warming, French President Emmanuel Macron said Thursday. Macron said the construction work would start around 2028 so the first new reactor can be …

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Oil cartel OPEC and allied producing countries are sticking with cautious increases in the amount of oil they send to the global economy, a decision likely to support prices that are near seven-year highs amid fears of a Russian military move against Ukraine. The alliance of OPEC members led by …

Exxon restructures divisions and packs up for Houston NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston. The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support …

By JENNIFER McDERMOTT Associated Press PROVIDENCE, R.I. (AP) — As climate change pushes states in the U.S. to dramatically cut their use of fossil fuels, many are coming to the conclusion that solar, wind and other renewable power sources might not be enough to keep the lights on. Nuclear power is emerging as an answer to fill the gap as …