Latest Oil and gas industry News
What's next for the Keystone XL pipeline in South Dakota
PIERRE, S.D. (AP) — Plans for construction of the Keystone XL oil sands pipeline inched forward last week with several approvals at both the federal and state levels, but opponents in South Dakota say they haven’t given up on preventing, or at least slowing, the pipeline’s construction. Plans...
Stock markets stabilize after selloff over China virus
TOKYO (AP) — European stock markets and U.S. futures edged higher after another day of losses in Asia on Tuesday amid worries over the expanding outbreak of a new virus in China. France's CAC 40 rose 0.5% to 5,893 , while Germany's DAX rose 0.4% to 13,253. Britain's FTSE 100 was up 0.5% at 7,447. U.S....
French climate alliance takes legal action against Total
A French climate alliance of charity groups and local authorities launched an unprecedented legal action Tuesday against Total, hoping to make the French energy company drastically reduce its greenhouse gas emissions. Activists from the non-governmental organizations and over a dozen local governments say it's...
Asian shares sink on mounting worries over China outbreak
TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. ...
Northeast governors slow to embrace regional climate pact
CONCORD, N.H. (AP) — Supporters of a regional pact that would tackle transportation emissions are struggling to win over several New England governors concerned that the climate change initiative will increase gas prices. After the Transportation and Climate Initiative was announced last month, New...
Lower demand, ample supplies help drive down gas prices
The average price of a gallon of gasoline in Massachusetts dropped a penny in the past week, AAA Northeast announced Monday. Self-serve, regular is now selling for an average of $2.52 per gallon, a penny lower than last week and a penny higher than the national average. A year ago, the average per-gallon price in...
Rhode Island gas prices fall, remain above national average
PROVIDENCE, R.I. (AP) — Gasoline prices in Rhode Island are dropping but remain higher than the national average, AAA Northeast announced Monday. The average price of self-serve, regular has fallen 2 cents in the past week to $2.54 per gallon. Rhode Island’s current price is 3 cents higher than the...
Gas prices fall 4 cents a gallon to $2.60 in past 2 weeks
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has declined 4 cents a gallon to $2.60 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the pump price responded to a drop in crude oil costs. The highest average price in the nation...
Fighting rages as Libya force pushes toward key western city
CAIRO (AP) — Officials from Libya's two rival governments said fighting erupted Sunday as the country's east-based forces advanced toward the strategic western city of Misrata, further eroding a crumbling cease-fire agreement brokered earlier this month. The clashes came just hours after the United Nations...
India, Brazil agree to boost ties in IT, biofuel and mining
NEW DELHI (AP) — India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...
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