Latest Energy industry News

US sanctions Russian oil trading firm for role in Venezuela

Feb. 18, 2020 11:47 AM EST

WASHINGTON (AP) — The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro keep his grip on power in the South American country. Administration officials said...

Utility faces penalty in Georgia coffee shop explosion

Feb. 18, 2020 11:45 AM EST

HOMERVILLE, Ga. (AP) — A natural gas utility would pay $347,000 in penalties under a proposed settlement with Georgia regulators who found safety violations linked to a 2018 explosion that destroyed a coffee shop in a rural city. WALB-TV reports the Georgia Public Service Commission is scheduled to vote...

Libyan Gen. Khalifa Hifter arrives at the Foreign Ministry to meet the Greek Foreign Minister Nikos Dendias in Athens, Friday, Jan. 17, 2020. The commander of anti-government forces in war-torn Libya has begun meetings in Athens in a bid to counter Turkey's support for his opponents. (AP Photo/Thanassis Stavrakis)

UN says Libyan rival forces resume talks to save cease-fire

Feb. 18, 2020 11:21 AM EST

GENEVA (AP) — Libya’s warring sides resumed Tuesday U.N.-brokered talks in Geneva aimed at salvaging a fragile cease-fire in the North African country, the U.N. said, even as eastern Libyan forces stepped up their attacks on the Libyan capital, hitting its port. It appeared to be the first such...

Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Stocks fall as Apple warning raises China virus concerns

Feb. 18, 2020 10:51 AM EST

NEW YORK (AP) — U.S. stocks slipped in early trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China. The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because of production...

Poland's miners protest coal imports seen as threat to jobs

Feb. 18, 2020 9:52 AM EST

WARSAW, Poland (AP) — Miners in southern Poland worried that massive coal imports will eliminate their jobs on Tuesday blocked railway tracks on the import route. A few hundred miners with trade union flags in the southern coal mining region town of Slawkow also planted devices on the tracks that looked...

People offer funeral prayers for a victim of a toxic gas leak, during his funeral prayer, in Karachi, Pakistan, Monday, Feb. 17, 2020. The toxic gas leak killed several people and sickened dozens of others in a coastal residential area in Pakistan's port city of Karachi, police said Monday. The source of the leak, which occurred on Sunday night, and the type of gas that had leaked were not immediately known. There was no suspicion of sabotage. (AP Photo/Fareed Khan)

Death toll from toxic gas leak rises to 14 in Pakistan

Feb. 18, 2020 9:19 AM EST

KARACHI, Pakistan (AP) — A gas leak in the southern port city of Karachi has killed 14 people and sickened hundreds more, Pakistani health officials said Tuesday. The leak set off a panic in Karachi and raised concerns because city officials could not immediately identify the source and the type of gas...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

France's Defense Minister Florence Parly, left, talks with Cyprus' President Nicos Anastasiades during their meeting at the Presidential palace in capital Nicosia, Cyprus, Tuesday, Feb. 18, 2020. Parly said on Tuesday that her country stands in solidarity with Cyprus amid tensions over a Turkish search for natural gas inside Cypriot waters. (AP Photo/Petros Karadjias)

France gives backing to Cyprus amid gas search tensions

Feb. 18, 2020 5:51 AM EST

NICOSIA, Cyprus (AP) — France's defense minister said Tuesday that her country stands in solidarity with Cyprus amid tensions over a Turkish search for natural gas inside Cypriot waters. Florence Parly said France supports Cyprus, which finds itself under “strong pressure.” “France is...

FILE - In this Tuesday, July 24, 2018 file photo, Russian opposition figure Mikhail Khodorkovsky, the former owner of the Yukos Oil Company, poses for a photograph after being interviewed by The Associated Press in London. A Dutch appeals court on Tuesday Feb. 18, 2020, reinstated an international arbitration panel’s order to Russia to pay $50 billion compensation to shareholders in former Russian oil giant Yukos. (AP Photo/Matt Dunham, File)

Court reinstates order for Russia to pay $50 bln over Yukos

Feb. 18, 2020 5:31 AM EST

THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos. The ruling overturned a 2016 decision by...

FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. On Feb 2020, Spanish police arrested Lozoya in southern Spain. Mexico had been pursuing Lozoya through Europe for months over allegations of an illegal contract while he was at Pemex. (AP Photo/Gustavo Martinez Contreras, File)

Mexico attorney general says case of ex-oil chief 'symbolic'

Feb. 18, 2020 12:00 AM EST

MEXICO CITY (AP) — Until recently, Mexico had done little to pursue corruption revealed by the investigation into Brazilian construction giant Odebrecht, which has ensnared politicians, business leaders, and even former and sitting presidents in other Latin American countries. Mexican Attorney General...