Latest Oil and gas industry News

How major US stock indexes fared Monday

Mar. 18, 2019 5:05 PM EDT

Stocks managed to post modest gains on Wall Street Monday after charging ahead in a solid rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest of the market. On...

Energy companies lead modest gains for US stock indexes

Mar. 18, 2019 5:04 PM EDT

U.S. stock indexes finished modestly higher Monday, extending the market's solid gains from a rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest of the market....

Markets Right Now: Stocks extend their gains on Wall Street

Mar. 18, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks managed to post modest gains on Wall Street after charging ahead in a solid rally last week. Banks and retailers did better than the rest of the market Monday. Wells Fargo climbed 2.1 percent and Amazon added...

Oregon House approves 10-year ban on 'fracking'

Mar. 18, 2019 3:38 PM EDT

SALEM, Ore. (AP) — The Oregon House approved a 10-year ban on fracking to explore for oil and natural gas. Lawmakers voted 42-12 on Monday to prohibit the process, which injects high-pressure liquids into underground rock to extract oil and gas. The measure now goes to the Senate for consideration. There...

Fire breaks out at a Houston-area petrochemicals terminal

Mar. 17, 2019 10:57 PM EDT

HOUSTON (AP) — Some Houston-area residents have been urged to remain indoors as a fire burns at a petrochemicals terminal. The fire started Sunday morning at Intercontinental Terminals Company in Deer Park, about 15 miles (24 kilometers) southeast of Houston, and continued to burn Sunday night. Deer Park...

2 injured in Los Angeles explosion following gasoline leak

Mar. 17, 2019 3:39 PM EDT

LOS ANGELES (AP) — A tanker truck leaking gasoline caught fire and caused an explosion that injured two people and sent up a huge plume visible across Los Angeles on Sunday, authorities said. The blast reverberated through storm drains and sent manhole covers into the air, fire department officials said....

The Latest: 2 hurt in Los Angeles blast following gas leak

Mar. 17, 2019 1:02 PM EDT

LOS ANGELES (AP) — The Latest on an explosion in Los Angeles (all times local): 10 a.m. Authorities say a 9,000-gallon (34,000-liter) tanker leaking gasoline caught fire and caused an explosion that injured two people in South Los Angeles. The fire department says the blast Sunday morning reverberated...

Iran's president inaugurates new gas projects

Mar. 17, 2019 10:40 AM EDT

TEHRAN, Iran (AP) — Iran's President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field. State TV on Sunday quoted the CEO of the South Pars gas field company, Mohammad Meshkinfam, as saying the development will allow Iran to overtake Qatar in the production of...

Students globally protest warming, pleading for their future

Mar. 15, 2019 11:13 PM EDT

WASHINGTON (AP) — Students across a warming globe pleaded for their lives, future and planet Friday, demanding tough action on climate change. From the South Pacific to the edge of the Arctic Circle, angry students in more than 100 countries walked out of classes to protest what they see as the failures by...

The Latest: 16 arrested at NYC student climate protest

Mar. 15, 2019 10:48 PM EDT

BERLIN (AP) — The Latest on global climate protests by students (all times local): 4 a.m. Police say 16 people have been arrested for blocking traffic during a climate protest in front of New York City's American Museum of Natural History. The protesters face charges of disorderly conduct stemming from...