Latest Energy industry News

School children wearing masks get their hands sanitized and temperatures checked as they arrive to appear for state board examination during the coronavirus pandemic in Kochi, Kerala state, India, Tuesday, May 26, 2020. (AP Photo/R S Iyer)

The Latest: India reports biggest jump in virus cases again

May. 26, 2020 2:17 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — India reports biggest jump in virus cases for 7th straight...

A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, May 26, 2020. Asian shares are rising as some regions in Japan resume near-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. (AP Photo/Vincent Yu)

Asian shares up as recovery hopes overshadow virus worries

May. 25, 2020 11:59 PM EDT

TOKYO (AP) — Shares rose in Asia on Tuesday as some regions in Japan resumed close-to-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. The market focus is shifting to how various nations are adapting to getting back to business, while striving...

Walmart Mexico pays Mexico about $359 million in back taxes

May. 25, 2020 10:34 PM EDT

MEXICO CITY (AP) — Walmart de Mexico said Monday it has paid the Mexican government the equivalent of about $359 million in taxes for its 2014 sale of a restaurant chain known as VIP’s after tax authorities demanded it. The payment appears to mark a victory for President Andrés Manuel...

Heidi Hannah holds her head in her hands, as she is joined by her sons Tomas, 10, left, and Lucas, 8, right, at a Memorial Day visit to the grave of her oldest son, Army Specialist Taylor Hannah, at the Sacramento Valley National Cemetery in Dixon, Calif., Monday, May 25, 2020. Public Memorial Day events at the cemetery were canceled this year due to the coronavirus pandemic. Taylor Hannah, 22, died March 1, 2020 of a rare blood disease. (AP Photo/Rich Pedroncelli)

Pandemic brings smaller, subdued Memorial Day observances

May. 25, 2020 8:31 PM EDT

BILLINGS, Mont. (AP) — Americans settled for small processions and online tributes instead of parades Monday as they observed Memorial Day in the shadow of the pandemic, which forced communities to honor the nation’s military dead with modest, more subdued ceremonies that also remembered those lost...

People push a car that ran out of gas to a state-run oil company PDVSA filling station in Caracas, Venezuela, Monday, May 25, 2020. The first of five tankers loaded with gasoline sent from Iran this week is expected to temporarily ease Venezuela's fuel crunch while defying Trump administration sanctions targeting the two U.S. foes. (AP Photo/Matias Delacroix)

Venezuela celebrates docking of tanker with Iran gasoline

May. 25, 2020 8:27 PM EDT

CARACAS, Venezuela (AP) — Venezuelan authorities celebrated Monday as the first of five Iranian tankers loaded with gasoline docked in the South American country, delivering badly needed fuel to the crisis-stricken nation that sits atop the world’s largest oil reserves. The gasoline shipments are...

COVID-19 meant less driving in SC and less gas tax collected

May. 25, 2020 10:02 AM EDT

COLUMBIA, S.C. (AP) — Traffic is South Carolina is down significantly since the coronavirus pandemic began, cutting the amount of money the state road agency takes in by $78 million, officials said. When the COVID-19 shutdown started in March, traffic in South Carolina dropped 25% compared to March 2019,...

A currency trader talks on the phone near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, May 25, 2020. Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the former British colony. (AP Photo/Lee Jin-man)

Asian shares climb, Tokyo gains on hopes for reopening

May. 25, 2020 12:14 AM EDT

TOKYO (AP) — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the former...

A view of the vessel the Clavel sailing on international waters crossing the Gibraltar stretch on Wednesday, May 20, 2020. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. (AP Photo/Marcos Moreno)

1st Iranian ship reaches Venezuela with no sign of US threat

May. 23, 2020 9:24 PM EDT

CARACAS, Venezuela (AP) — The first of five tankers loaded with gasoline sent from Iran reached Venezuelan waters late Saturday, expected to temporarily ease the South American nation’s fuel crunch while defying Trump administration sanctions targeting the two U.S. foes. The oil tanker Fortune...

Ethics panel wants to look at anti-corridor group's donors

May. 23, 2020 1:40 PM EDT

AUGUSTA, Maine (AP) — A group that opposes a hydropower transmission corridor in western Maine must disclose financial information so the ethics commission can continue investigating whether campaign finance laws were broken. The ethics commission unanimously ordered the disclosures Friday following a...

Record-low Memorial Day travel expected despite low prices

May. 23, 2020 10:02 AM EDT

TRENTON, N.J. (AP) — Analysts expect travel numbers for this year's Memorial Day weekend are likely to set a record low despite the cheapest prices in the pump in nearly two decades. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.01, up a penny from a week...