Latest Oil and gas industry News

Biden urges Western unity on Ukraine amid war fatigue

Jun. 26, 2022 13:48 PM EDT

ELMAU, Germany (AP) — President Joe Biden and Western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression. Britain’s Boris Johnson warned the...

Live updates | G-7 nations seek to counter Chinese influence

Jun. 26, 2022 11:40 AM EDT

ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in Germany's Bavarian Alps: The Group of Seven leading democratic economies has formally launched at its annual summit a global infrastructure...

Did corporate greed fuel inflation? It's not biggest culprit

Jun. 26, 2022 09:27 AM EDT

WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Responding to that sentiment, the Democratic-led House of...

State launches $463 million project to elevate La. 1

Jun. 25, 2022 10:54 AM EDT

GOLDEN MEADOW, La. (AP) — State leaders have broken ground for a $463 million project that will elevate 8.3 miles of La. 1, one of the state's hurricane evacuation routes. The groundbreaking held Friday is for work that will be done between Golden Meadow and Leeville, The Advocate...

Egypt’s president holds talks with visiting Qatari emir

Jun. 25, 2022 10:33 AM EDT

CAIRO (AP) — President Abdel Fattah el-Sissi of Egypt held talks Saturday with Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, who visited Cairo for the first time in years. The talks focused on ties between the two nations and a set of other regional and global topics, including...

Gas prices down in NJ, around the nation as oil prices fall

Jun. 25, 2022 09:48 AM EDT

TRENTON, N.J. (AP) — Gas prices are falling in New Jersey and around the nation due to lower crude oil prices and decreased demand. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.94, down eight cents from last week. Drivers were...

California governor, lawmakers near deal on gas tax rebate

Jun. 25, 2022 00:02 AM EDT

SACRAMENTO, Calif. (AP) — Most California taxpayers would get hundreds of dollars in cash to help offset the high price of fuel and other goods under a tentative budget compromise being discussed by legislative leaders and Gov. Gavin Newsom. The plan would return a portion of...

Solidarity behind Ukraine's Russia fight atop summit agendas

Jun. 24, 2022 14:06 PM EDT

WASHINGTON (AP) — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading...

Court rejects pipeline's request for new panel of judges

Jun. 24, 2022 13:07 PM EDT

ROANOKE, Va. (AP) — A federal appeals court has denied a request from a company building a natural gas pipeline in Virginia and West Virginia to have a new panel of judges reconsider permits that have been struck down repeatedly . The 4th U.S. Circuit Court of Appeals denied the...

EU leaders tackle inflation, energy shocks from Russia's war

Jun. 24, 2022 12:33 PM EDT

BRUSSELS (AP) — A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention Friday to the severe economic turbulence from Russia’s war in the neighboring country as the conflict's full impact sinks in and the threat of recession rises. ...