Latest Oil and gas industry News

Brazil president says striking truckers could be removed

May. 25, 2018 7:34 PM EDT

RIO DE JANEIRO (AP) — A nationwide strike by thousands of truckers brought much of Latin America's largest nation to a halt on Friday, prompting Brazilian President Michel Temer to authorize the military to use force in removing drivers and their parked vehicles from highways and other roads. Truckers...

US raises concerns about illnesses tied to synthetic pot

May. 25, 2018 5:30 PM EDT

SALT LAKE CITY (AP) — U.S. health officials are urging states to regulate marijuana oil extracts after investigating a rash of illnesses tied to the products in Utah. In a report released Thursday, the Centers for Disease Control and Prevention found that synthetic products falsely labeled as cannabidiol,...

Venezuela's ex-oil czar sees economic collapse accelerating

May. 25, 2018 5:20 PM EDT

BOGOTA, Colombia (AP) — Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment...

How major US stock indexes fared Friday

May. 25, 2018 4:43 PM EDT

Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. On Friday: The S&P 500 index slipped 6.43 points, or 0.2 percent, to 2,721.33. The Dow Jones industrial average shed...

Guilty plea in USS McCain collision court-martial

May. 25, 2018 4:42 PM EDT

WASHINGTON (AP) — The officer in command of the USS John S. McCain when it collided with an oil tanker near Singapore in August 2017, killing 10 sailors, has pleaded guilty to dereliction of duty, the Navy said Friday. Cmdr. Alfredo J. Sanchez entered his plea during court-martial proceedings at...

Stocks dip as oil prices and energy companies fall sharply

May. 25, 2018 4:39 PM EDT

NEW YORK (AP) — Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. U.S. crude oil sank 4 percent after multiple reports indicated that Russia and OPEC could start...

Markets Right Now: Oil prices, energy companies fall sharply

May. 25, 2018 4:06 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Energy companies and oil prices took their worst losses in months following reports that OPEC countries plan to produce more oil soon. The drops Friday left major U.S. market indexes mostly lower at the end of an...

World stocks mixed as NKorea's restraint eases concerns

May. 25, 2018 8:12 AM EDT

HONG KONG (AP) — World stock markets were mixed Friday as investors eyed the diplomatic rhetoric over North Korea, developments in global trade disputes and prepared for a long weekend in the U.S. and Britain. KEEPING SCORE: Germany's DAX rose 0.8 percent to 12,961 and France's CAC 40 added 0.4 percent to...

Asian shares lower as NKorea cancellation adds uncertainty

May. 24, 2018 11:40 PM EDT

HONG KONG (AP) — Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.1 percent to 22,457.20 but South Korea's...

Brazil says deal reached to suspend damaging trucker strike

May. 24, 2018 10:30 PM EDT

SAO PAULO (AP) — Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights. Eliseu Padilha, chief of staff for President Michel Temer, told...