Topic: Energy

A closely watched government economic gauge showed Wednesday that consumer prices in the United States were virtually unchanged from June to July -- a measurement that showed that hot-running inflation has begun to cool.

Ford is ready to once again start accepting new orders for its popular F-150 Lightning electric truck, but the vehicle will cost new customers up to $8,500 more, the company said Tuesday.

The expectation among consumers that the United States will continue to see high inflation "fell sharply" in July with declines in gas prices, according to a survey Monday from the Federal Reserve Bank of New York.

German Chancellor Olaf Scholz said Wednesday that Russia's stance that technical issues continue to be the reason for scaled-down gas exports to his country is invalid.

Oil producer BP reported its largest quarterly profit in 14 years on Tuesday amid higher energy prices worldwide and gasoline prices in the United States that are still over $4 per gallon.

A sharp rise in energy prices aided by Russia's war in Ukraine has helped fuel rising inflation in countries that use the euro, official statistics said on Friday.

Shell, one of the largest oil producers in the world, on Thursday reported record earnings for the second quarter in a row as energy prices are running high and fueling inflation.

South Korea's LG Chemical has agreed to supply 950,000 tons of cathode active material to General Motors, enough to build some 5 million electric cars.

Releasing millions of barrels of oil from the U.S. Strategic Petroleum Reserve has likely reduced the price of gas at the pump by up to 40 cents per gallon, according to Treasury Department estimates.

The cost of gasoline in the United States declined by a few cents per gallon on Tuesday and it appears that part of the reason for the recent slide is that Americans are driving less, experts say.