Latest Oil and gas industry News

Journalists see heart of Saudi oil industry after attack

Sep. 20, 2019 9:07 AM EDT

BUQAYQ, Saudi Arabia (AP) — Saudi Arabia took journalists on Friday to the site of a missile-and-drone strike on the kingdom's oil industry that shook global energy markets over the weekend, while Kuwait raised the security levels at its ports following the attack that the U.S. alleges Iran carried out....

Young people lead global climate change protests

Sep. 20, 2019 8:53 AM EDT

BERLIN (AP) — In Canberra and Kabul, Cape Town and Berlin, and across the globe, hundreds of thousands of people took the streets Friday to demand that leaders tackle climate change in the run-up to a U.N. summit. Many were children who skipped school to take part in the second "Global Climate Strike,"...

The Latest: Saudi Arabia shows attack site it says Iran hit

Sep. 20, 2019 8:52 AM EDT

BUQAYQ, Saudi Arabia (AP) — The Latest on tensions in the Persian Gulf (all times local): 3:50 p.m. Saudi Arabia has taken journalists to the site of a missile-and-drone attack on a facility at the heart of the kingdom's oil industry. Journalists arrived Friday to Buqayq in Saudi Arabia's Eastern Province,...

The Latest: Poland's president links clean forest to climate

Sep. 20, 2019 8:51 AM EDT

BERLIN (AP) — The Latest on the global climate protests being held in cities around the world (all times local): 2:30 p.m. Poland's president and first lady have helped remove trash from a forest as part of a day of global action against climate change. President Andrzej Duda said the forest cleanup was a...

Saudi Arabia takes journalists to site of missile-and-drone attack on facility at heart of kingdom's oil industry

Sep. 20, 2019 8:47 AM EDT
BUQAYQ, Saudi Arabia (AP) — Saudi Arabia takes journalists to site of missile-and-drone attack on facility at heart of kingdom's oil industry.

Global stocks ending action-packed week solidly

Sep. 20, 2019 8:43 AM EDT

LONDON (AP) — Global stock markets traded in fairly narrow ranges on Friday at the end of a fairly eventful week that saw oil prices spike sharply after attacks on Saudi oil facilities and the Federal Reserve cut interest rates again. Though oil prices are up strongly on the week, there's been an element...

US military to present Trump with several options on Iran

Sep. 20, 2019 8:23 AM EDT

WASHINGTON (AP) — The Pentagon will present a broad range of military options to President Donald Trump on Friday as he considers how to respond to what administration officials say was an unprecedented Iranian attack on Saudi Arabia's oil industry. In a White House meeting, the Republican president will...

German government nears deal on major climate policy package

Sep. 20, 2019 7:09 AM EDT

BERLIN (AP) — The German government inched closer Friday to agreeing a new package of measures for tackling global warming, as protesters rallied in the capital to demand decisive action against climate change. German news agency dpa reported that the country's governing parties, who have been split over...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Iran envoy: 'All-out war' to result if hit for Saudi attack

Sep. 19, 2019 7:56 PM EDT

DUBAI, United Arab Emirates (AP) — Any attack on Iran by the U.S. or Saudi Arabia will spark an "all-out war," Tehran's top diplomat warned Thursday, raising the stakes as Washington and Riyadh weigh a response to a drone-and-missile strike on the kingdom's oil industry that shook global energy markets....