Latest Energy industry News
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...
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...
Judge nixes bid to stop coal sales that Trump revived
BILLINGS, Mont. (AP) — A judge threw out a lawsuit on Friday from a coalition of states, environmental groups and American Indians which sought to revive an Obama-era moratorium against U.S. government coal sales on public lands in the West. U.S. District Judge Brian Morris said President Donald Trump's...
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...
Asian shares fall on US friction with China, Hong Kong fears
BANGKOK (AP) — Shares slipped in Asia on Friday as tensions flared between the U.S. and China and as more job losses compounded the economic fallout from the coronavirus pandemic. Hong Kong’s benchmark led regional losses, dropping 3.9% to 23,332.78 after the central government in Beijing said...
First piece of disputed Keystone XL pipeline finished
BILLINGS, Mont. (AP) — A Canadian company has built the first piece of the disputed Keystone XL oil sands pipeline across the U.S. border and started work on labor camps in Montana and South Dakota. But it has not resolved a courtroom setback that would make it hard to finish the $8 billion project. The...
Officials: Email delays key vote on PG&E's bankruptcy plan
BERKELEY, Calif. (AP) — California power regulators unexpectedly delayed a key vote Thursday on Pacific Gas & Electric's plan for getting out of bankruptcy after saying one of the utility's most outspoken critics sent an improper email attacking the company's proposal to pay wildfire victims. ...
Fire at shuttered Dutch nuclear plant; no radiation risk
THE HAGUE, Netherlands (AP) — A fire broke out Thursday at a decommissioned nuclear power plant in the central Netherlands. An emergency services spokesman said the blaze was quickly brought under control and there was no danger of radioactive radiation. “There is no radioactivity involved,”...
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