Latest Oil and gas industry News

Average US price of gas holds steady at $2.94 per gallon

Apr. 11, 2021 13:02 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.94 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price at the pump was likely to remain stable or drop as...

With key deals, Uganda's nascent oil sector nears maturity

Apr. 11, 2021 08:53 AM EDT

KAMPALA, Uganda (AP) — Uganda, Tanzania and French oil company Total signed agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. Construction of the pipeline, which would be the world’s longest at 897 miles, is expected to begin...

IMF: Vaccine inequity threatens Mideast's economic recovery

Apr. 11, 2021 07:06 AM EDT

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven...

Wrong way crash leads to interstate closure, arrest

Apr. 10, 2021 12:20 PM EDT

CHARLESTON, S.C. (AP) — A drunk driver traveling the wrong direction on Interstate 526 in South Carolina hit a tanker head-on, leading to a gas leak that closed both sides of the interstate for hours, police said. There were injuries, but none considered...

Gas prices dip in NJ, around nation as gas inventories go up

Apr. 10, 2021 10:14 AM EDT

TRENTON, N.J. (AP) — Gas prices dipped in New Jersey and around the nation as gas inventories increased even as crude oil inventories decreased. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.90, down two cents from a...

Apartment of Russian investigative journalist raided

Apr. 10, 2021 06:10 AM EDT

MOSCOW (AP) — Russian authorities took a prominent investigative journalist in for questioning after searching his apartment, and the news website he works for said the actions were likely connected to a story about one of President Vladimir Putin’s closest associates. ...

Chadian president seeks 6th term after 30 years in power

Apr. 10, 2021 05:46 AM EDT

N’DJAMENA, Chad (AP) — Chadian President Idriss Deby Itno is seeking to extend his three-decade long rule, running for a sixth time in this oil-producing Central African nation that is home to nearly half a million refugees and also plays a prominent role in the fight against Islamic...

Nevada Democrats’ priorities emerge on bill deadline day

Apr. 09, 2021 23:54 PM EDT

CARSON CITY, Nev. (AP) — Nevada lawmakers sped through hundreds of proposals on Friday to meet another major deadline of the 2021 legislative session, which required most bills to pass out of their first committee before Saturday to remain up for consideration. ...

Alaska files lawsuit against toxic chemical producers

Apr. 09, 2021 17:00 PM EDT

JUNEAU, Alaska (AP) — Alaska officials have filed a lawsuit against the manufacturers of toxic, man-made “forever chemicals” that have been detected in some of the state's groundwater. The lawsuit filed Wednesday names large chemical-making corporations such as 3M,...

Judge orders delay amid debate over Dakota Access pipeline

Apr. 09, 2021 16:05 PM EDT

BISMARCK, N.D. (AP) — A judge on Friday delayed a decision on whether the Dakota Access Oil pipeline should be shut down while the U.S. Army Corps of Engineers conducts an environmental review on the project, after lawyers for the pipeline asked for more time to outline the effects of...