Latest Oil and gas industry News

US retail sales rose a solid 0.8 percent last month

Nov. 15, 2018 9:31 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane recovery spending and higher gas prices. Retail sales rose a seasonally adjusted 0.8 percent last month, following two months of slight declines, the Commerce Department...

Stocks mostly rise but Europe weighed down by Brexit discord

Nov. 15, 2018 7:44 AM EST

BEIJING (AP) — Global stock markets mostly rose Thursday, though European indexes and the pound sagged as discord within the British government threatened a newly agreed Brexit deal. KEEPING SCORE: German's DAX was flat at 11,417 and France's CAC 40 shed 0.3 percent to 5,054. London's FTSE 100 gained 0.1...

Asian stocks lower after Wall Street fall, Brexit approval

Nov. 14, 2018 10:30 PM EST

BEIJING (AP) — Most Asian stock markets declined Thursday after Wall Street fell for a fifth day and Britain's Cabinet endorsed a draft agreement to leave the European Union. KEEPING SCORE: Tokyo's Nikkei 225 lost 0.7 percent to 21,686.71 points and Sydney's S&P-ASX 200 retreated 0.6 percent to...

Dozens plead with Trump administration to keep air rules

Nov. 14, 2018 7:12 PM EST

DENVER (AP) — Dozens of people who live near oil and gas wells pleaded with the Trump administration Wednesday not to roll back rules for methane pollution, while industry representatives said the changes should go further. The Environmental Protection Agency held a hearing in Denver on the...

Next generation of biotech food heading for grocery stores

Nov. 14, 2018 4:40 PM EST

WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA "edited" are...

Markets Right Now: Tech, banks lead US stock indexes lower

Nov. 14, 2018 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Technology companies and banks led stocks lower on Wall Street, extending the market's slide to a fifth day. Apple sank 2.8 percent Wednesday and JPMorgan Chase gave up 2.1 percent. Energy companies held up better...

Sides spar over water permit for refinery near national park

Nov. 14, 2018 4:10 PM EST

BISMARCK, N.D. (AP) — A company developing an oil refinery near Theodore Roosevelt National Park in North Dakota has supplied adequate information to justify drawing water from an underwater aquifer, State Water Commission officials testified Wednesday. An attorney for area landowners challenging the...

The Latest: EPA holds hearing on rollback of methane rules

Nov. 14, 2018 3:17 PM EST

DENVER (AP) — The Latest on an EPA public hearing on methane pollution rules (all times local): 1 p.m. People who live near oil and gas wells are asking the U.S. Environmental Protection Agency not to roll back Obama-era rules for methane pollution, while industry representatives say the proposed changes...

Ukrainian PM blames local officials for heating crisis

Nov. 14, 2018 8:29 AM EST

MOSCOW (AP) — Ukraine's prime minister on Wednesday accused local officials of causing a crisis that has left hundreds of thousands without heating in freezing weather. Several towns, and neighborhoods in two big cities, were left without heating after national gas company Naftagaz raised prices that some...

Global shares dip after Wall Street falls over oil concerns

Nov. 14, 2018 8:06 AM EST

LONDON (AP) — Concerns about political developments in Britain and Italy kept a lid on global stock markets on Wednesday. Meanwhile oil prices recouped some lost ground. KEEPING SCORE: In Europe, France's CAC slipped 0.4 percent to 5,082 while Germany's DAX fell .3 percent to 11,441. The FTSE 100 index of...