Latest Oil and gas industry News

Gunmen attack Iran military parade, killing at least 25

Sep. 22, 2018 9:34 AM EDT

TEHRAN, Iran (AP) — Gunmen disguised as soldiers attacked an annual Iranian military parade Saturday in the country's oil-rich southwest, killing at least 25 people and wounding 53 in the bloodiest assault to strike the country in recent years. The attack in Ahvaz saw gunfire sprayed into a crowd of...

The Latest: Syria condemns 'terrorist' attack in Iran

Sep. 22, 2018 8:34 AM EDT

TEHRAN, Iran (AP) — The Latest on attack on Iranian military parade(all times local): 4 p.m. Syria's Foreign Ministry has condemned the "terrorist" attack on a military parade in Iran's southwest that killed 24 people and wounded dozens. In a statement quoting a Foreign Ministry official, the Syrian...

Rising oil prices haven't hurt the US economy so far

Sep. 21, 2018 6:47 PM EDT

DALLAS (AP) — America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving...

Dow hits another all-time high on mixed day for US stocks

Sep. 21, 2018 4:53 PM EDT

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average. An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out its own record high...

Report: Missouri landfill emissions once posed health risks

Sep. 21, 2018 4:50 PM EDT

ST. LOUIS (AP) — Emissions near a troubled St. Louis County landfill once posed health concerns for workers and nearby residents, but the risks have largely disappeared thanks to cleanup efforts, according to a state report released Friday. The report from the Missouri Department of Health and Senior...

Hotplates, heaters to be given residents after gas disaster

Sep. 21, 2018 3:21 PM EDT

LAWRENCE, Mass. (AP) — Hotplates and space heaters will be distributed to thousands of Massachusetts residents who were left without natural gas following a series of gas explosions and fires, officials announced Friday. The parent company of Columbia Gas, meanwhile, set a Nov. 19 deadline by which it...

NOT REAL NEWS: A look at what didn't happen this week

Sep. 21, 2018 1:29 PM EDT

A roundup of some of the most popular but completely untrue headlines of the week. None of these stories is legit, even though they were shared widely on social media. The Associated Press checked these out. Here are the real facts: ___ NOT REAL: CNN's Anderson Cooper Caught Faking Hurricane Florence Intensity...

Global stocks buoyed by Wall Street optimism

Sep. 21, 2018 7:44 AM EDT

BEIJING (AP) — Global stocks rose Friday as a record high on Wall Street buoyed investor sentiment despite global trade tensions. KEEPING SCORE: In Europe, London's FTSE 100 index rose 0.9 percent to 7,433. Germany's DAX gained 0.4 percent to 12,378 and France's CAC 40 advanced 0.7 percent to 5,487. On...

Iran launches air maneuvers near strategic Strait of Hormuz

Sep. 21, 2018 5:40 AM EDT

TEHRAN, Iran (AP) — Iran's air force is carrying out a drill near the strategic Strait of Hormuz in the Persian Gulf, the passageway for nearly a third of all oil traded by sea, the country's official IRNA news agency said Friday. The drill involves the military's and Revolutionary Guard fighter jets,...

Asian stocks follow Wall Street higher

Sep. 20, 2018 11:50 PM EDT

BEIJING (AP) — Asian stocks rose Friday after Wall Street hit a new high and a survey showed Japanese manufacturing accelerating. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.5 percent to 23,793.35 and Hong Kong's Hang Seng added 0.9 percent to 27,712.47. The Shanghai Composite Index climbed 0.3 percent,...