Latest Oil and gas industry News

With Indianapolis 500 at full throttle, business is booming

May. 25, 2022 17:56 PM EDT

INDIANAPOLIS (AP) — Delaney Hill sees a difference this May. Customers of the Dawson’s on Main she manages are flooding into the popular restaurant night after night — and not a penny is pinched. It's a welcome change for Hill and her family, which opened Dawson's in 2006 a...

Indiana governor eyes 'inflationary relief,' not gas tax cut

May. 25, 2022 16:08 PM EDT

INDIANAPOLIS (AP) — Indiana’s governor said Wednesday he was preparing a plan to potentially tap into the growing state budget surplus to help residents with the national inflation jump, while rejecting calls for suspending state gas taxes. Democrats have been calling since March...

Maryland lawmakers: Cutting tax won't fix high gas prices

May. 25, 2022 15:23 PM EDT

ANNAPOLIS, Md. (AP) — Top Maryland lawmakers said Wednesday that eliminating a scheduled gas-tax increase of more than 6 cents this summer won't solve the problem of high gas prices and would set back efforts to maintain infrastructure. With gas now priced at about $4.60 a gallon...

Davos updates | VW: Supply chain woes ease; orders backed up

May. 25, 2022 14:01 PM EDT

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard...

Iran summons Greek diplomat over seizing of ship's cargo

May. 25, 2022 13:57 PM EDT

TEHRAN, Iran (AP) — Iran's Foreign Ministry summoned the chief of Greece's diplomatic mission for allegedly seizing cargo from a vessel flying the Iranian flag in Greek waters, state media reported Wednesday. The IRNA news agency reported that an Iran-flagged ship had to stop in...

Strong oil prices to spur higher taxes for ND drillers

May. 25, 2022 13:27 PM EDT

BISMARCK, N.D. (AP) — North Dakota oil producers almost certainly will be paying higher state taxes for at least three months beginning June 1 due to strong oil prices, the state tax commissioner said Wednesday. The increase in state oil tax collections, estimated at more than $30...

France: Climate protesters block TotalEnergies meeting

May. 25, 2022 09:12 AM EDT

PARIS (AP) — Several hundred climate protesters disrupted a TotalEnergies shareholders meeting in Paris and blocked the venue entrance Wednesday to denounce the oil and gas giant’s stake in Russia despite Moscow's war in Ukraine. TotalEnergies, which was renamed last year from...

Iran building collapse kills 14 as mayor and others detained

May. 25, 2022 00:21 AM EDT

TEHRAN, Iran (AP) — Rescuers dug through debris Tuesday of a building collapse in southwestern Iran that killed at least 14 people, fearful that many more could still be trapped beneath the rubble as authorities arrested the city's mayor in a widening probe of the disaster. The...

Asian stock markets mixed after Wall St sinks further

May. 24, 2022 23:50 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Oil prices rose more than $1 per barrel to stay above...

Editorial Roundup: Indiana

May. 24, 2022 16:21 PM EDT

Anderson Herald Bulletin. May 23, 2022. Editorial: Outbreak of Legionnaires’ may be costly to state Outbreaks of Legionnaires’ disease in prisons are occasionally downplayed by the officials in charge of penal institutions. Earlier this year, it was...