Latest Oil and gas industry News

Asian shares mostly lower as investors watch trade talks

Feb. 21, 2019 9:12 PM EST

TOKYO (AP) — Asian shares were mostly lower Friday after a slide on Wall Street as investors nervously watched the U.S.-China trade talks in Washington. Japan's benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading. Australia's S&P/ASX 200 gained 0.5 percent to 6,170.30. South...

Ford begins probe into whether gas mileage was overstated

Feb. 21, 2019 6:28 PM EST

DETROIT (AP) — Ford Motor Co. has launched an investigation into whether it overstated gas mileage and understated emissions from a wide range of vehicles. The company said Thursday that in September, a group of employees reported possible problems with a mathematical model used to calculate pollution and...

AP interview: Moldova president says country needs Russia

Feb. 21, 2019 1:02 PM EST

CHISINAU, Moldova (AP) — Moldova's president said Thursday the former Soviet republic needs good relations with Russia, amid uncertainty about the future of the European Union. President Igor Dodon said in an interview with The Associated Press that Moldova depends on Moscow for energy, exports and to...

Iran announces another navy drill in key Strait of Hormuz

Feb. 21, 2019 2:30 AM EST

TEHRAN, Iran (AP) — Iran's navy says it will hold an annual drill in the strategic Strait of Hormuz as pressure mounts on the country months after the United States re-imposed sanctions on Iran, targeting its vital oil sector. The strait is located at the mouth of the Persian Gulf and is crucial to global...

Asian stocks change little ahead of more US-China talks

Feb. 20, 2019 11:22 PM EST

BEIJING (AP) — Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. Tokyo's Nikkei 225 index lost 0.1 percent to 21,402.69 after a gauge of manufacturing activity fell to a three-year low, suggesting...

Aid wars: US-Russia vie to ease Venezuelan crisis

Feb. 20, 2019 6:34 PM EST

MOSCOW (AP) — Call it the aid wars. The Trump administration is accusing President Nicolas Maduro of starving Venezuelans by blocking tons of American-supplied humanitarian aid stored next door in Colombia. In Russia, the Kremlin sees the opposition's plan to ram the aid across the border as a reckless...

Garmin and La-Z-Boy rise while CVS and Southwest tumble

Feb. 20, 2019 4:56 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Garmin Ltd., up $12.09 to $83.06 Higher demand for fitness trackers and navigation devices pushed profit and forecasts beyond Wall Street's expectations. Owens & Minor Inc., down $1.39 to $6.55 The medical supply...

Mexico activist killed days before pipeline referendum

Feb. 20, 2019 1:27 PM EST

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

Britain urges Germany to ease curbs on arms sales to Saudi

Feb. 20, 2019 11:41 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...