Energy industry

A woman walks over a bridge with the European Central Bank in background in Frankfurt, Germany, as the sun rises Monday, March 30, 2020. Due to the coronavirus the economy expects heavy losses. 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/Michael Probst)
March 31, 2020 - 4:14 am
FRANKFURT, Germany (AP) — Inflation in the 19 countries that use the euro currency sagged to 0.7% in March from 1.2% February as the virus outbreak and an oil price war between Saudi Arabia and Russia rippled through the economy. A key factor in the officials figures published Tuesday was volatile...
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An employee of a bank wearing a face mask watches the computer monitors at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 31, 2020. Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. (AP Photo/Lee Jin-man)
March 30, 2020 - 10:36 pm
TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to...
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In this photo released by Xinhua News Agency, a worker wearing a protective face mask irons clothes at a re-opened shopping mall in in Wuhan in central China's Hubei province, Monday, March 30, 2020. Shopkeepers in the city at the center of China's virus outbreak were reopening Monday but customers were scarce after authorities lifted more of the anti-virus controls that kept tens of millions of people at home for two months. (Shen Bohan/Xinhua via AP)
March 30, 2020 - 8:35 pm
The governors of New York and California are moving to rapidly expand the ranks of health care workers, as the death toll from COVID-19 in New York surged past 1,200 while hospitalizations in California doubled in the last four days. The spike in deaths in New York was another sign of the long...
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Gas USA is selling gas for 97.9 cents a gallon, Monday, March 30, 2020, in Cleveland. Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground. (AP Photo/Tony Dejak)
March 30, 2020 - 3:51 pm
DALLAS (AP) — U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the national average Monday around $2 a gallon. Some stations were spotted charging under a dollar. But don't expect a...
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FILE - This Dec. 12, 2018, file photo shows traffic on the Hollywood Freeway in Los Angeles. The Trump administration is rolling back tough Obama-era mileage standards and gutting one of the United States' biggest efforts to slow climate change. The administration released its relaxed mileage rules Tuesday. (AP Photo/Damian Dovarganes, File)
March 30, 2020 - 3:45 pm
WASHINGTON (AP) — President Donald Trump is poised to roll back ambitious Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting one of the United States' biggest efforts against climate change. The Trump administration is expected to...
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A man walks by an electronic stock board of a securities firm in Tokyo, Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world.(AP Photo/Koji Sasahara)
March 29, 2020 - 9:52 pm
BANGKOK (AP) — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world. Japan's benchmark dropped almost 4% and other regional markets were mostly lower...
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March 29, 2020 - 10:40 am
RENO, Nev. (AP) — Several alcohol distilleries in Nevada unable to make liquor under current coronavirus shutdowns are turning their attention to another product to help soothe customers. They're combining their key ingredient — ethanol, which kills germs — with aloe vera or other chemicals to make...
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March 28, 2020 - 1:28 pm
MOSCOW (AP) — Russia’s state-controlled Rosneft oil company says it is ceasing operations and selling its assets in Venezuela. Rosneft said in a statement Saturday that it decided to sell its business in Venezuela to a company that is 100% owned by the Russian government. It said it “concluded an...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
March 27, 2020 - 7:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ____ UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans...
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In this photo taken Feb. 18, 2020, people walk behind a Pacific Gas and Electric truck parked in San Francisco. The stock market turmoil triggered by the coronavirus pandemic is raising worries that Pacific Gas & Electric's $13.5 billion settlement with victims of catastrophic wildfires may be worth far less by the time the beleaguered company emerges from bankruptcy. A lawyer who represents more than 81,000 wildfire victims flagged the escalating concerns during a Wednesday, March 25, 2020, court hearing held by conference call. (AP Photo/Jeff Chiu)
March 27, 2020 - 5:14 pm
BERKELEY, Calif. (AP) — Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking money away from a fund set up to compensate thousands of victims for their losses...
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