Today’s headlines: Oil prices jump, deep-sea mining is under debate, and more

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

FOSSIL FUELS

• “There may be no upper limit on oil prices”: Texas oil prices jump after the U.S. and Israel attack Iran, an increase that experts say could be just the start if the conflict becomes more protracted. (San Antonio Express-News, Politico)

• OPEC, Russia, and other oil-producing nations agree to expand their output in the wake of the attacks on Iran, though shipping disruptions through the Strait of Hormuz could drive up prices regardless. (Axios, CNBC)

• U.S. Energy Secretary Chris Wright touts the expansion of liquified natural gas export plants as a source of new employment opportunities, even as the oil and gas industry has cut jobs in recent years. (E&E News)

• The Trump administration’s push to revive the coal industry so far isn’t spurring new investment. (Wall Street Journal)

EMISSIONS

• U.S. carbon dioxide emissions from power plants increased 4% last year as coal generation surged during President Donald Trump’s first year back in office. (E&E News)

• Experts criticize the Trump administration’s rollback of 2024 air pollution standards for power plants and its claim that doing so would save $760 million, calling that flawed accounting that doesn’t account for public health costs. (Inside Climate News)

• Environmental groups in Vermont contend in a court filing that the Trump administration’s repeal of its own authority to regulate greenhouse gases undermines its argument that states can’t make their own emissions laws. (E&E News)

MINING

• Global powers will meet this week to update rules governing deep-sea mining, a critical move as U.S. regulators move to issue mining permits in international waters. (New York Times)

HYDROGEN

• HydrogenPro says all 40 electrolyzers have been installed to complete the first phase of its green hydrogen project in Utah. (Hydrogen Insight)

• Plug Power cancels plans for its long-debated western New York hydrogen plant. (Buffalo Business First)