Latest Oil and gas industry News

A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)

Global stocks slide on growing concern about China virus

Jan. 21, 2020 8:28 AM EST

BEIJING (AP) — Stock and oil prices fell Tuesday as concern about the potential impact of a Chinese disease outbreak increased and a rating agency cut Hong Kong's credit rating for official borrowing due to political tension. Indexes in London and Frankfurt declined and Shanghai, Tokyo and Hong Kong closed...

FILE In this file photo taken on Friday, Dec. 20, 2019, Russian President Vladimir Putin, right, and Belarusian President Alexander Lukashenko walk before a meeting of the Supreme Eurasian Economic Council in St. Petersburg, Russia. Russia has halted oil supplies to Belarus after the two countries failed to renegotiate a contract amid talks of further improving their economic ties. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File)

Belarus starts importing oil from Norway after Russian halt

Jan. 21, 2020 7:27 AM EST

KYIV, Ukraine (AP) — Belarus started importing oil from Norway Tuesday after its main oil provider —Russia — suspended supplies earlier this month amid stalled talk on further strengthening economic ties between two countries. Belarusian state-run oil company Belneftekhim said Tuesday its...

Anti-war activists stage a rally against the South Korean government's decision to send troops to Hormuz Strait, near the U.S. Embassy in Seoul, South Korea, Tuesday, Jan. 21, 2020. South Korean government on Tuesday said in a press release that the government had decided to send troops to Hormuz Strait to protect South Korean citizens and guarantee the freedom of navigation in the region. The sign reads

S. Korea naval unit to expand operations to Strait of Hormuz

Jan. 21, 2020 1:53 AM EST

SEOUL, South Korea (AP) — A South Korean anti-piracy unit has temporarily expanded its mission to the Strait of Hormuz, a vital global oil route at the center of soaring tensions between Iran and the United States. South Korea’s Defense Ministry announced the expansion Tuesday, saying it was meant...

Clerks prepare the state Senate chamber in New Mexico for the arrival of legislators in Santa Fe, N.M., on Thursday, Jan. 16, 2020. Gov. Michelle Lujan Grisham says she'll consider red-flag gun legislation, proposals to legalize recreational marijuana and new incentives for localized renewable energy installations. Spending increases are being sought for K-12 education, early childhood programs, tuition-free college and more amid a state budget surplus.(AP Photo/Morgan Lee)

Governor seeks new investments in early childhood education

Jan. 21, 2020 12:40 AM EST

SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham is urging legislators at the outset of the state's annual legislative session to rally around new financial commitments to public education that range from an expansion of preschool slots to free college tuition for local residents. Lujan Grisham...

FILE - In this Jan. 15, 2019 file photo New Mexico Gov. Michelle Lujan Grisham gives her State of the State address during the opening of the New Mexico legislative session at the state Capitol in Santa Fe, N.M. New Mexico Democrats pushed forward a progressive agenda as the booming oil industry made headlines in 2019 with record revenues for the state's coffers. (AP Photo/Craig Fritz,File)

Legislature considers tuition-free college, legalizing pot

Jan. 20, 2020 4:02 PM EST

SANTA FE, N.M. (AP) — Efforts are underway to legalize and tax recreational marijuana sales, fund tuition-free college and shore up pensions for state and local government workers as the New Mexico Legislature convenes. Here are some things to watch during the 30-day session that begins Tuesday at noon....

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya. On Sunday, Jan. 19, 2020, Libya’s National Oil Corporation said that guards under the command of Khalifa Hifter’s forces shut down two key oil fields in the country’s southwestern desert, following the earlier closure of all eastern export terminals.(AP Photo/Hussein Malla, File)

Libyan oil fields remain shut, testing peace summit

Jan. 20, 2020 2:15 PM EST

BENGHAZI, Libya (AP) — Libya’s major oil fields and production facilities remained closed on Monday, its national oil company said, in a sign that the country's east-based forces are not backing down after an international summit to end the Libyan civil war. The Libyan National Oil Corporation...

Gas in Massachusetts down a penny per gallon

Jan. 20, 2020 12:44 PM EST

BOSTON (AP) — Gas prices in Massachusetts are down slightly, according to the latest price survey from AAA Northeast. The organization reported Monday that prices for a gallon of self-serve, regular are averaging $2.53. That's one cent less than the national average of $2.54, but 12 cents higher than the...

Rhode Island gas prices drop by a penny

Jan. 20, 2020 12:26 PM EST

PROVIDENCE, R.I. (AP) — Gas prices in Rhode Island are down by a penny according to AAA Northeast's latest price survey released Monday. The average price of self-serve, regular was $2.56 per gallon. That's 2 cents above the national average, and 20 cents higher than the average price in Rhode Island a...

4.5 magnitude earthquake shakes southern Kansas

Jan. 19, 2020 10:08 PM EST

HUTCHINSON, Kan. (AP) — A small earthquake was reported in southern Kansas on Sunday. The U.S. Geological Survey said a magnitude 4.5 earthquake struck about 2 miles (3 kilometers) southwest of Hutchinson shortly after 1 p.m. The service had initially reported that it was a magnitude 4.4 earthquake, but...

Russian President Vladimir Putin, center left, and German Chancellor Angela Merkel, center right, surrounded by other officials talk to each other during their meeting on the sideline of a conference on Libya at the chancellery in Berlin, Germany, Sunday, Jan. 19, 2020. German Chancellor Angela Merkel hosts the one-day conference of world powers on Sunday seeking to curb foreign military interference, solidify a cease-fire and help relaunch a political process to stop the chaos in the North African nation. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)

Libya players agree to respect arms embargo, push cease-fire

Jan. 19, 2020 4:34 PM EST

BERLIN (AP) — World powers and other countries with interests in Libya's long-running civil war agreed Sunday to respect a much-violated arms embargo, hold off on military support to the warring parties and push them to reach a full cease-fire, German and U.N. leaders said. The agreement came after about...