Latest Energy industry News

US stocks edge higher in early trading, extending gains

Feb. 20, 2019 10:25 AM EST

U.S. stock indexes edged higher in early trading Wednesday, extending modest gains from a day earlier, as investors reviewed the latest batch of company earnings reports. Gains in consumer goods, technology and communications companies outweighed losses in health care and financial stocks. Garmin, maker of...

Mexico activist killed days before pipeline referendum

Feb. 20, 2019 10:11 AM EST

MEXICO CITY (AP) — A community activist fighting against a plan to build a gas pipeline through his central Mexico town has been killed three days before a scheduled public referendum on the project. President Andres Manuel Lopez Obrador condemned Wednesday's murder of Samir Flores Soberanes as "vile,...

Commodities giant Glencore to cap coal output over climate

Feb. 20, 2019 9:32 AM EST

BERLIN (AP) — Commodities giant Glencore said Wednesday it will cap how much coal it mines amid shareholder pressure for it to help reduce global emissions of greenhouse gases. The move is a sharp reversal for a company that has long championed the extraction and burning of fossil fuels, and which recently...

Britain urges Germany to ease curbs on arms sales to Saudi

Feb. 20, 2019 8:49 AM EST

BERLIN (AP) — Britain's top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom. The German weekly Der Spiegel reported Wednesday that British Foreign...

Saudi crown prince backs India's fight against terrorism

Feb. 20, 2019 8:08 AM EST

NEW DELHI (AP) — Saudi Crown Prince Mohammed bin Salman on Wednesday offered intelligence sharing and other cooperation with India in fighting extremism and terrorism, as New Delhi tackled rising tensions with Pakistan following a suicide bombing last week on Indian paramilitary soldiers in disputed...

World shares mostly higher on upbeat talk on China-US trade

Feb. 20, 2019 7:20 AM EST

BANGKOK (AP) — Stocks were mostly higher in Europe and Asia on Wednesday after U.S. President Donald Trump suggested trade talks with China do not face a hard March 1 deadline for a deal. Negotiators from both sides resumed talks Tuesday in Washington following discussions in Beijing last week that U.S....

Japan trade deficit highest in 5 yrs, hit by China doldrums

Feb. 20, 2019 12:19 AM EST

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years. Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to...

Flynn pushed to share nuclear tech with Saudis, report says

Feb. 19, 2019 11:49 PM EST

WASHINGTON (AP) — Senior White House officials pushed a project to share nuclear power technology with Saudi Arabia despite the objections of ethics and national security officials, according to a new congressional report citing whistleblowers within the Trump administration. Lawmakers from both parties...

Asian shares mostly higher, extending Wall St advance

Feb. 19, 2019 11:03 PM EST

BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after a modestly high finish on Wall Street that extended the market's gains into a fourth week. The Nikkei 225 index rose 0.6 percent despite news that Japan's exports sank 8.4 percent in January from a year earlier, far more than forecast....

Jailed Citgo executives in limbo amid Venezuela turmoil

Feb. 19, 2019 6:48 PM EST

HOUSTON (AP) — A faint voice comes through the crackled phone line. On the other end, Tomeu Vadell, speaking from a military counterintelligence prison in Venezuela's capital, asks his daughters in Louisiana whether they've gone to church and says he plans to spend his Sunday doing pushups to keep his body...