Latest Oil and gas industry News

Global stocks rise on hopes for US-China trade talks

Jul. 23, 2019 7:44 AM EDT

BEIJING (AP) — Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations,...

UN compensation panel pays out $270M for Kuwait oil company

Jul. 23, 2019 5:38 AM EDT

BERLIN (AP) — A United Nations panel that oversees compensation claims stemming from Iraq's 1990-1991 invasion of Kuwait says it has paid out $270 million to Kuwait's national oil company. The Geneva-based U.N. Compensation Commission said Tuesday the tranche brings to $48.7 billion the amount it has paid...

Asian stocks rise on hopes for US-China trade talks

Jul. 23, 2019 3:15 AM EDT

BEIJING (AP) — Asian stock markets rose Tuesday on optimism over possible new U.S.-China talks despite concerns about rising Middle East tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all climbed. Traders were encouraged by U.S. Treasury Secretary Steven Mnuchin's suggestion last week that...

Eastern US cities spewing more methane into air than thought

Jul. 22, 2019 5:27 PM EDT

WASHINGTON (AP) — Older U.S. east coast cities are leaking nine times as much natural gas into the air — from homes or pipes heading into houses — than the federal government had thought, a new airborne monitoring study finds. It's probably not a safety problem because what's coming out...

Court issues split decision on natural gas drilling rules

Jul. 22, 2019 5:17 PM EDT

HARRISBURG, Pa. (AP) — A state court on Monday upheld portions of Pennsylvania regulations that address Marcellus Shale natural gas drilling, although the judges also sided with some of the arguments made by an industry group. The seven-judge Commonwealth Court panel's 91-page decision concerns a lawsuit...

Markets Right Now: Tech gains, but other sectors stumble

Jul. 22, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. It was a good day for big technology stocks on Wall Street but a middling to crummy day for everyone else. Apple rose 2.3% Monday and Intel climbed 2.1%, leading the tech sector to the biggest gains of the day. Just...

UK: Europe-led mission will protect vital shipping in Gulf

Jul. 22, 2019 3:54 PM EDT

LONDON (AP) — Britain announced plans Monday to develop and deploy a Europe-led "maritime protection mission" to safeguard shipping in the vital Strait of Hormuz in light of Iran's seizure of a British-flagged tanker in the waterway last week. Briefing Parliament on the budding crisis, Foreign Secretary...

Colorado tells energy-rich county state rules come first

Jul. 22, 2019 3:41 PM EDT

DENVER (AP) — Colorado regulators have warned the state's biggest oil- and gas-producing county that local officials can't establish regulations more lenient than the state's, even though the Legislature passed a law this year giving local governments additional authority over well locations. The Colorado...

The Latest: Iran's FM says UK ship was traveling unsafely

Jul. 22, 2019 3:37 PM EDT

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf (all times local): 11:30 p.m. Iran's foreign minister says his country seized a British-flagged oil tanker last week because it was violating "international law on safe passage" in the Strait of Hormuz. Speaking Monday during a...

Rhode Island gasoline prices dip by a penny

Jul. 22, 2019 3:09 PM EDT

PROVIDENCE, R.I. (AP) — The price of a gallon of gas in Rhode Island has trickled down by a penny. AAA Northeast said Monday that self-serve, regular us selling in the state for an average of $2.74 per gallon, 1 cent lower than last week. Rhode Island's price is 2 cents lower than the national average and...