Latest Michael Lynche News

Oil prices jump as attack on Saudi plant jolts supply

Sep. 16, 2019 7:35 PM EDT

Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in the Middle East could keep prices elevated for the...

Oil prices leap as attack on Saudi facility disrupts output

Sep. 16, 2019 12:45 AM EDT

Oil prices surged Monday after an attack on Saudi Arabia's largest oil processing plant halted output of more than 5.7 million barrels of crude a day. But after an initial spike, crude oil prices moderated as traders analyzed the likely longer-term implications. By late morning in Asia on Monday, U.S. crude oil...

Climate change turns Arctic into strategic, economic hotspot

Aug. 23, 2019 4:32 AM EDT

TASIILAQ, Greenland (AP) — From a helicopter, Greenland's brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn't fill a football stadium — are poor, with a high rate of substance abuse and suicide. One...

Jackson contractor arrested; suspected in Idaho burglaries

Jul. 21, 2019 12:51 PM EDT

JACKSON, Wyo. (AP) — A Wyoming home construction contractor has been arrested after skipping a court appearance on police claims that he stole $50,000 worth of property from his landlord. The Teton County Sheriff's Office says 36-year-old Michael Lynch also is a suspect in three burglaries in Idaho. The...

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 20, 2019 7:04 PM EDT

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On...

Gulf tanker incidents may raise shippers' costs, cut traffic

Jul. 19, 2019 8:03 PM EDT

Recent seizures and attacks aimed at oil tankers in the Strait of Hormuz will raise insurance rates for shipping companies and, if unchecked, reduce tanker traffic in the vital waterway, according to energy experts. Britain's foreign secretary said Iranian authorities on Friday seized two ships, one flying under...