Latest Energy industry News

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 2:04 AM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

President Donald Trump, accompanied by first lady Melania Trump, waves as he walks from Marine One on the South Lawn of the White House, early Friday, Oct. 23, 2020, in Washington. Trump is returning from a debate in Nashville, Tenn. (AP Photo/Alex Brandon)

The Latest: Trump says he will vote in person

Oct. 23, 2020 1:32 AM EDT

WASHINGTON (AP) — The Latest on the presidential campaign (all times local): 1:30 a.m. President Donald Trump is taking his own advice and plans to vote in person in the presidential election on Saturday in Florida. Trump is heading to his home state Friday for campaign rallies at The Villages and in...

Democratic presidential candidate former Vice President Joe Biden answers a question as President Donald Trump listens during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. (AP Photo/Morry Gash, Pool)

AP FACT CHECK: Falsehoods and fumbles in Trump-Biden debate

Oct. 23, 2020 1:10 AM EDT

WASHINGTON (AP) — The facts took a hit right out of the gate Thursday night. President Donald Trump’s first line of the night, about COVID-19 deaths, was false and set the tone as he and Democratic rival Joe Biden unleashed a torrent of claims in their last presidential debate. Trump misrepresented...

Democratic presidential candidate former Vice President Joe Biden speaks during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn., with President Donald Trump. (AP Photo/Julio Cortez)

Biden calls for 'transition' from oil, GOP sees opening

Oct. 23, 2020 12:50 AM EDT

Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,"...

FILE - In this Oct. 20, 2020, file photo an election worker pulls a stack of returned ballots from a sorting machine at the King County Elections office Tuesday, Oct. 20, 2020, in Renton, Wash. U.S. officials said Thursday, Oct. 22, that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. (AP Photo/Elaine Thompson, File)

US: Russian hackers targeting state, local networks

Oct. 22, 2020 8:44 PM EDT

WASHINGTON (AP) — U.S. officials said Thursday that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. The warning, less than two weeks before the election, amplified fears of the potential for...

FILE - In this Aug. 9, 2020 file satellite image released by Maxar Technologies shows the FSO Nabarima oil tanker off the coast of Trinidad and Tobago, Sunday, Aug. 9, 2020. The damaged Venezuelan oil tanker recently tilting to one side in the Caribbean after taking on water poses no significant risk of spilling and causing an environmental catastrophe, officials of Trinidad & Tobago said Thursday, Oct. 22. (Maxar Technologies via AP, File)

Officials: 'Minimal' risk Venezuela oil tanker will sink

Oct. 22, 2020 5:20 PM EDT

CARACAS, Venezuela (AP) — A damaged Venezuelan oil tanker recently tilting to one side in the Caribbean after taking on water poses no significant risk of spilling and causing an environmental catastrophe, officials of Trinidad & Tobago said Thursday. Minister of Energy and Energy Industries Franklin...

Military personnel inspect the site of a landslide at a coal mine in Muara Enim, South Sumatra, Indonesia, Thursday, Oct. 22, 2020. Intense rains caused a landslide at the mine that killed a number of miners, authorities said Thursday. (AP Photo)

Heavy rain causes landslide in Indonesia, killing 11 miners

Oct. 22, 2020 4:43 AM EDT

JAKARTA, Indonesia (AP) — Intense rains caused a landslide at a coal mine on Indonesia's Sumatra island that killed 11 miners, authorities said Thursday. The slide occurred Wednesday in a mine tunnel about 20 meters (65 feet) deep at Tanjung Lalang village in Muara Enim district of South Sumatra province,...

The coal-powered Hassyan power plant is under construction in Dubai, United Arab Emirates, Wednesday, Oct. 14, 2020. In the oil-rich UAE, an unusual sight is rising in Dubai -- a coal-fired power plant, a first for the region. The $3.4 billion Hassyan power plant in Dubai appears puzzling as the UAE hosts the headquarters of the International Renewable Energy Agency. (AP Photo/Kamran Jebreili)

In Dubai, oil-rich UAE sees a new wonder: A coal power plant

Oct. 22, 2020 2:08 AM EDT

DUBAI, United Arab Emirates (AP) — A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it's not another skyscraper to grace the futuristic sheikhdom. Instead, it's one of mankind's oldest power sources gaining its own space on the oil-rich Arabian...

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Asian stocks follow Wall Street lower on lack of US aid plan

Oct. 21, 2020 11:46 PM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall...