Latest Oil and gas industry News

The logo of British Petroleum, BP, adorns a BP petrol station in west London, Tuesday, Aug. 4, 2020.  BP said Tuesday it plans to increase spending on low-carbon technology, including renewable energy projects, and says it plans to slash dividends as it reports a second-quarter operating loss and the global oil company prepares for declining sales of fossil fuels. (AP Photo/Alastair Grant)

BP reports 3Q earnings plunge amid falling demand

Oct. 27, 2020 6:11 AM EDT

LONDON (AP) — BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand. The London-based oil company said Tuesday that profits, excluding one-time items and changes in the value of inventories, dropped to $86 million from $2.25 billion in the same period last...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

World shares slip after Wall St's worst day in a month

Oct. 27, 2020 4:47 AM EDT

Shares skidded in Europe and Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Paris, London, Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher. Overnight,...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

Asian shares slip after Wall St's worst day in a month

Oct. 27, 2020 12:10 AM EDT

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Tokyo, Shanghai, Hong Kong and Sydney. Shares were flat in South Korea, where economic growth data were slightly better than expected. ...

President Donald Trump speaks at a campaign rally at Altoona-Blair County Airport, Monday, Oct. 26, 2020, in Martinsburg, Pa. (AP Photo/Alex Brandon)

The Latest: Trump celebrates expected Barrett confirmation

Oct. 26, 2020 6:13 PM EDT

WASHINGTON (AP) — The Latest on the presidential campaign (all times local): 6:10 p.m. President Donald Trump is celebrating the expected confirmation of Amy Coney Barrett to the U.S. Supreme Court as he campaigns in Pennsylvania during his third rally of the day. Trump asked a crowd of thousands that...

How major US stock indexes fared Monday

Oct. 26, 2020 4:48 PM EDT

Stocks closed sharply lower on Wall Street Monday, handing the S&P 500 its worst day in a month and knocking 650 points off the Dow Jones Industrial Average. Technology companies drove much of the broad sell-off, though losses in communications services, financial and industrial stocks also helped weigh down...

President Donald Trump speaks at a campaign rally at Manchester-Boston Regional Airport, Sunday, Oct. 25, 2020, in Londonderry, N.H. (AP Photo/Alex Brandon)

AP FACT CHECK: Trump and his familiar falsehoods

Oct. 26, 2020 3:20 PM EDT

WASHINGTON (AP) — President Donald Trump says Mexico is paying for the wall (it isn’t), health care choice for veterans came from him (it didn’t) and his tax cut stands as the biggest in American history (nowhere close). These are among his touchstones — the falsehoods that span his...

The Nave Andromeda oil tanker is docked next to the Queen Elizabeth II Cruise Terminal in Southampton, England, Monday, Oct. 26, 2020. The U.K. military seized control of the oil tanker that dropped anchor in the English Channel after reporting it had seven stowaways on board who had become violent. (Andrew Matthews/PA Wire via AP)

7 held for suspected tanker hijack after UK commando raid

Oct. 26, 2020 10:16 AM EDT

LONDON (AP) — Seven stowaways seized when British naval special forces stormed an oil tanker in the English Channel have been arrested on suspicion of hijacking, police said Monday. Hampshire Police said the men, believed to be from Nigeria, were being held at several police stations on suspicion of...

Japanese Prime Minister Yoshihide Suga delivers a policy speech during an extraordinary Diet session at the upper house of parliament in Tokyo, Monday, Oct. 26, 2020. Suga has declared Japan will achieve zero carbon emissions by 2050 in his first policy speech after taking over from Shinzo Abe. The policy speech Monday at the outset of the parliamentary session set an ambitious agenda reflecting Suga's pragmatic approach to getting things done. (AP Photo/Koji Sasahara)

Post-Abe agenda: Suga says Japan to go carbon-free by 2050

Oct. 26, 2020 10:14 AM EDT

TOKYO (AP) — Japan will achieve zero carbon emissions by 2050, Prime Minister Yoshihide Suga declared Monday, outlining an ambitious agenda as the country struggles to balance economic and pandemic concerns. The policy speech at the outset of the parliamentary session was Suga’s first since he took...

Democratic presidential candidate former Vice President Joe Biden speaks at a campaign event at Dallas High School in Dallas, Pa., Saturday, Oct. 24, 2020. (AP Photo/Andrew Harnik)

2020 Watch: Is Biden remaking the Democratic coalition?

Oct. 26, 2020 5:27 AM EDT

WASHINGTON (AP) — Presidential politics move fast. What we’re watching heading into the final full week of the 2020 campaign: Days to general election: 8 ___ THE NARRATIVE Welcome to the final full week of the election. Anxiety on both sides is spiking with so much uncertainty heading into an...

President Donald Trump speaks at a campaign rally at Manchester-Boston Regional Airport, Sunday, Oct. 25, 2020, in Londonderry, N.H. (AP Photo/Alex Brandon)

AP FACT CHECK: Trump and his familiar falsehoods

Oct. 26, 2020 1:21 AM EDT

WASHINGTON (AP) — President Donald Trump says Mexico is paying for the wall (it isn’t), health care choice for veterans came from him (it didn’t) and his tax cut stands as the biggest in American history (nowhere close). These are among his touchstones — the falsehoods that span his...