Latest Energy industry News
Libyan oil fields remain shut, testing peace summit
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...
Rising inequality eroding trust in capitalism - survey
DAVOS, Switzerland (AP) — Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos. Among those surveyed in the report published Monday, 56%...
Crowded footbridge breaks over Indonesian river, killing 9
JAKARTA, Indonesia (AP) — A footbridge on Indonesia's Sumatra island broke while it was packed with people and several fell into the overflowing river below and drowned, officials said Monday. Nine bodies have been pulled from the water as far as 20 kilometers (12.4 miles) from the bridge that broke Sunday...
4.5 magnitude earthquake shakes southern Kansas
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...
Libya players agree to respect arms embargo, push cease-fire
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...
Cyprus blasts 'pirate state' Turkey's new gas drilling bid
NICOSIA, Cyprus (AP) — Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Cyprus said Turkey was now attempting...
Even as Trump claims two victories on trade, doubts remain
WASHINGTON (AP) — President Donald Trump’s trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United...
Libya's eastern-based forces move to halt oil exports
BENGHAZI, Libya (AP) — A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production, the national oil corporation said Saturday, escalating tensions ahead of an international peace summit to end the civil war. Powerful...
China's Xi ends Myanmar visit with flurry of agreements
NAYPYITAW, Myanmar (AP) — Chinese President Xi Jinping ended a two-day state visit to Myanmar on Saturday after attending the signing of a raft of agreements buttressing bilateral relations and advancing Beijing's ambitious Belt and Road Initiative, in which his host country is a key player. The two sides...
US allows Chevron to keep drilling in Venezuela for 3 months
WASHINGTON (AP) — The Trump administration has granted Chevron a special license to keep drilling oil in Venezuela despite a ban on American companies doing business with President Nicolás Maduro's socialist government. The Treasury Department late Friday renewed until April 22 the license for Chevron...
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