Latest Oil and gas industry News

A woman with an umbrella passes the New York Stock Exchange, Monday, Oct. 26, 2020. U.S. stocks are drifting Tuesday, Oct. 27, 2020, as momentum slows a day after Wall Street slumped to its worst loss in a month on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.  The (AP Photo/Mark Lennihan)

Stocks end another wobbly day lower as virus cases rise

Oct. 27, 2020 4:09 PM EDT

Stock indexes are closing mostly lower on Wall Street Tuesday as the market’s momentum slows further on worries about rising virus counts and Washington’s inability to deliver more aid to the economy. The S&P 500 lost 0.3% after swinging between small gains and losses earlier. Most stocks in the...

FILE - In this file photo dated Tuesday, Aug. 4, 2020, the logo of British Petroleum, BP, adorns a petrol station in west London.  The London-based oil company, BP said Tuesday Oct, 27, 2020, that third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand.  (AP Photo/Alastair Grant, FILE)

BP reports 3Q earnings plunge amid falling demand

Oct. 27, 2020 11:25 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)

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...

Wyoming revenue report less bleak but Gordon urges restraint

Oct. 26, 2020 5:28 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming’s governor urged legislators Monday to work with him to lower state spending while a report predicted ongoing weak revenue from the oil, natural gas and coal industries. The Consensus Revenue Estimating Group report released Monday forecasts a $451 million revenue...

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...

Crews continue cleanup after oil washes ashore in Delaware

Oct. 26, 2020 9:19 AM EDT

DOVER, Del. (AP) — Authorities in Delaware say they're continuing to cleanup after an oil spill along the state's coast. The Delaware Department of Natural Resources and Environmental Control said in a statement on Sunday that more than 100 people were involved in the response. The state said that small...