Latest Oil and gas industry News
Asian shares up as recovery hopes overshadow virus worries
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
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...
Venezuela celebrates docking of tanker with Iran gasoline
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
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,...
Asian shares climb, Tokyo gains on hopes for reopening
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...
1st Iranian ship reaches Venezuela with no sign of US threat
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...
Record-low Memorial Day travel expected despite low prices
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...
Judge lifts stay on sale of Venezuela's US refineries
CARACAS, Venezuela (AP) — A U.S. judge on Friday approved moving forward with the sale of Venezuela’s prized U.S.-based CITGO refineries, allowing a Canadian mining company to collect $1.4 billion it lost in a decade-old takeover in the South American nation by the late socialist President Hugo...
How major US stock indexes fared Friday
Wall Street ended mostly higher Friday after a wobbly day of trading. Trading was subdued ahead of the Memorial Day holiday in the U.S. Despite the uneven finish, major indexes each notched a weekly gain of more than 3%. Strength in technology, communications and real estate stocks helped reverse much of the...
Wall Street ends a choppy day mostly higher; crude oil falls
Stock indexes finished mostly higher Friday as Wall Street shook off an early slide, closing out a solid week of gains for the market. The S&P 500 index inched up 0.2% after having been down 0.5%. It ended the week with a 3.2% gain, largely due to a big rally on Monday that offset all of the benchmark...
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