Oil and gas exploration and extraction

March 26, 2020 - 2:34 pm
EL PASO, Texas (AP) — A series of five earthquakes centered near the same remote area of West Texas rattled the region on Thursday. The temblors registered between 3.0 and 5.0 Thursday starting around 4 a.m., according to the U.S. Geological Survey. The epicenter was about 25 miles (40 kilometers)...
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FILE - This photo provided by the New York Stock Exchange shows the unoccupied NYSE trading floor, closed temporarily for the first time in 228 years as a result of coronavirus concerns, Tuesday March 24, 2020. Global stocks and U.S. futures declined Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives. (Kearney Ferguson/NYSE via AP, File)
March 26, 2020 - 7:44 am
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 8:35 a.m. U.S. stock futures are rebounding after the U.S. government said nearly 3.3 million people filed for unemployment benefits last week, a dramatic indication of the impact of the coronavirus outbreak on the...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)
March 25, 2020 - 2:32 pm
The White House and Senate leaders agreed early Wednesday on a $2 trillion economic rescue package, the largest in the country's history. The bill comes in response to the viral pandemic that has shut down businesses and crippled economies around the globe. It would give direct payments to most...
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United States Secretary of Energy Dan Brouillette gestures during an interview at the LNG terminal of the deepwater port of Sines after visiting the port, in Sines, southern Portugal, Wednesday, Feb. 12, 2020. The US government and american companies are expressing interest in the expansion of the port. (AP Photo/Armando Franca)
March 19, 2020 - 2:03 pm
WASHINGTON (AP) — The Trump administration said Thursday it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally. President Donald Trump had directed the Energy Department last week...
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KNSS News
March 11, 2020 - 2:37 pm
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have...
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A woman walks past a poster depicting the 1859 painting by Italian artist Francesco Hayez, ll Bacio (The Kiss), hanging on a facade of the Pinacoteca di Brera Museum, in Milan, Italy, Wednesday, March 11, 2020. Italy is mulling even tighter restrictions on daily life and has announced billions in financial relief to cushion economic shocks from the coronavirus. Premier Giuseppe Conte says he will consider requests to toughen an already extraordinary lockdown For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Luca Bruno)
March 11, 2020 - 11:37 am
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that...
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A security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia, Monday, March 9, 2020. State oil giant Saudi Aramco sees shares drop by 10% as Riyadh stock market opens, halting trading. (AP Photo/Amr Nabil)
March 10, 2020 - 8:27 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount. The move seemed to make good on the country's promise over the weekend to increase output after Russia...
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Men walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, March 9, 2020. Asian stock markets plunged Monday after global oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. Tokyo's benchmark tumbled 4.7%. (AP Photo/Eugene Hoshiko)
March 09, 2020 - 12:33 am
BEIJING (AP) — Asian stock markets plunged Monday after oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. Tokyo's benchmark tumbled 6.2%, while Sydney fell 6.1%. Seoul sank 4.4% and Hong Kong lost 3.9%. Shares also sank in Middle East...
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FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. Oil prices are plunging Sunday, March 8, 2020, amid worries that an OPEC dispute will lead a virus-weakened economy to be awash in an oversupply of crude. (AP Photo/Gregory Bull, File)
March 08, 2020 - 7:06 pm
NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier...
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FILE - This April 24, 2014, file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. The multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, the Anchorage Daily News reported Friday, March 6, 2020. (Steffen Schmidt/Keystone via AP, File)
March 07, 2020 - 10:52 pm
KENAI, Alaska (AP) — A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said. Switzerland-based UBS Bank joined several other investment...
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