Latest Energy industry News

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 2:04 AM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

President Donald Trump, accompanied by first lady Melania Trump, waves as he walks from Marine One on the South Lawn of the White House, early Friday, Oct. 23, 2020, in Washington. Trump is returning from a debate in Nashville, Tenn. (AP Photo/Alex Brandon)

The Latest: Trump says he will vote in person

Oct. 23, 2020 1:32 AM EDT

WASHINGTON (AP) — The Latest on the presidential campaign (all times local): 1:30 a.m. President Donald Trump is taking his own advice and plans to vote in person in the presidential election on Saturday in Florida. Trump is heading to his home state Friday for campaign rallies at The Villages and in...

Democratic presidential candidate former Vice President Joe Biden answers a question as President Donald Trump listens during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. (AP Photo/Morry Gash, Pool)

AP FACT CHECK: Falsehoods and fumbles in Trump-Biden debate

Oct. 23, 2020 1:10 AM EDT

WASHINGTON (AP) — The facts took a hit right out of the gate Thursday night. President Donald Trump’s first line of the night, about COVID-19 deaths, was false and set the tone as he and Democratic rival Joe Biden unleashed a torrent of claims in their last presidential debate. Trump misrepresented...

Democratic presidential candidate former Vice President Joe Biden speaks during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn., with President Donald Trump. (AP Photo/Julio Cortez)

Biden calls for 'transition' from oil, GOP sees opening

Oct. 23, 2020 12:50 AM EDT

Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,"...

2 California wildfires last year blamed on electrical lines

Oct. 23, 2020 12:03 AM EDT

LOS ANGELES (AP) — Investigations found that damaged electrical equipment ignited two Southern California wildfires last year, including one that threatened the Ronald Reagan Presidential Library and Museum, a fire agency said Thursday. The investigative results for two fires that broke out northwest of...

3.2-magnitude quake rattles area on Kansas-Oklahoma line

Oct. 22, 2020 10:26 PM EDT

PONCA CITY, Okla. (AP) — A magnitude 3.2 earthquake shook an area on the Kansas-Oklahoma line Thursday night, the U.S. Geological Survey reported. The tremor struck at 8:17 p.m. and was centered in a remote area 22 miles (35 kilometers) northwest of Ponca City, Oklahoma, at a depth of almost 5 miles (8...

FILE - In this Oct. 20, 2020, file photo an election worker pulls a stack of returned ballots from a sorting machine at the King County Elections office Tuesday, Oct. 20, 2020, in Renton, Wash. U.S. officials said Thursday, Oct. 22, that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. (AP Photo/Elaine Thompson, File)

US: Russian hackers targeting state, local networks

Oct. 22, 2020 8:44 PM EDT

WASHINGTON (AP) — U.S. officials said Thursday that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. The warning, less than two weeks before the election, amplified fears of the potential for...

FILE - In this Aug. 9, 2020 file satellite image released by Maxar Technologies shows the FSO Nabarima oil tanker off the coast of Trinidad and Tobago, Sunday, Aug. 9, 2020. The damaged Venezuelan oil tanker recently tilting to one side in the Caribbean after taking on water poses no significant risk of spilling and causing an environmental catastrophe, officials of Trinidad & Tobago said Thursday, Oct. 22. (Maxar Technologies via AP, File)

Officials: 'Minimal' risk Venezuela oil tanker will sink

Oct. 22, 2020 5:20 PM EDT

CARACAS, Venezuela (AP) — A damaged Venezuelan oil tanker recently tilting to one side in the Caribbean after taking on water poses no significant risk of spilling and causing an environmental catastrophe, officials of Trinidad & Tobago said Thursday. Minister of Energy and Energy Industries Franklin...

Wyoming coal company to shrink thermal coal operations

Oct. 22, 2020 4:34 PM EDT

CASPER, Wyo. (AP) — A coal firm in Wyoming has announced plans to shrink thermal coal operations by about 50%, shifting toward metallurgical coal and steel production. Arch Resources Inc. announced Thursday during an investor meeting that its Black Thunder and Coal Creek mines in the Powder River Basin...