Latest Energy industry News

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...

The logo of the World Economy Forum is displayed on a door at the Congress Centre in Davos, Switzerland, Sunday, Jan. 19, 2020. The 50th annual meeting of the World Economic Forum will take place in Davos from Jan. 20 until Jan. 24, 2020. (Photo/Markus Schreiber)

Rising inequality eroding trust in capitalism - survey

Jan. 20, 2020 7:55 AM EST

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%...

In this photo released by the Disaster Mitigation Agency of Bengkulu Province's Kaur District, rescue team prepares to search for victims of bridge break on a river in Kaur district of Bengkulu province, Indonesia, Monday, Jan, 20, 2020. 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. (Disaster Mitigation Agency of Bengkulu Province's Kaur District via AP)

Crowded footbridge breaks over Indonesian river, killing 9

Jan. 20, 2020 1:21 AM EST

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

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...

A Turkish-made Bayraktar TB2 drone is seen shortly after its landing at an airport in Gecitkala, known as Lefkoniko in Greek, in Cyprus, Monday, Dec. 16, 2019. Turkey has dispatched the surveillance and reconnaissance drone to the breakaway north of ethnically divided island nation of Cyprus amid tensions over offshore oil and gas exploration. It's unclear what the drones will be specifically tasked to do.Turkey doesn't recognize Cyprus as a state and asserts that 44% of the island nation's exclusive economic zone are its own. (DHA via AP)

Cyprus blasts 'pirate state' Turkey's new gas drilling bid

Jan. 19, 2020 12:53 PM EST

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...

U.S. Trade Representative Robert Lighthizer, center, and members of his staff leave the U.S. Capitol, Thursday, Jan. 16, 2020. Earlier the Senate overwhelmingly approved a new North American trade agreement that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention ti his impeachment trial. (AP Photo/Pablo Martinez Monsivais)

Even as Trump claims two victories on trade, doubts remain

Jan. 19, 2020 11:20 AM EST

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...

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 Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya's eastern-based forces move to halt oil exports

Jan. 18, 2020 3:58 PM EST

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...

Myanmar State Counselor Aung San Suu Kyi, right, greets Chinese President Xi Jinping at president house in Naypyitaw, Myanmar, Saturday, Jan. 18, 2020. (Nyein Chan Naing/Pool Photo via AP)

China's Xi ends Myanmar visit with flurry of agreements

Jan. 18, 2020 8:17 AM EST

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

Jan. 18, 2020 7:52 AM EST

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...