Energy industry

Traders at the New York Stock Exchange work as the market closes, Wednesday, March 18, 2020 in New York. (AP Photo/Mark Lennihan)
March 18, 2020 - 9:20 pm
NEW YORK (AP) — The Latest on action in the financial markets (all times local): 10:20 p.m. Shares in Asia have fallen, with Japan's benchmark failing to hold onto early gains as investors scrounged for cash amid recession fears. Tokyo's Nikkei 225 fell 0.2% to 16,691.45 while the Kospi in South...
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A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
March 18, 2020 - 6:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
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The American flag flies on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)
March 17, 2020 - 3:24 pm
WASHINGTON (AP) — As Congress works on a rescue package to help shore up a U.S. economy hard hit by the coronavirus pandemic, a wide swath of business, from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie...
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Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle)
The Associated Press
March 16, 2020 - 11:07 pm
BANGKOK (AP) — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 reversed early...
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A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
March 16, 2020 - 1:36 pm
Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
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March 15, 2020 - 11:06 am
LAGOS, Nigeria (AP) — An explosion hit Nigeria's commercial capital of Lagos early Sunday, killing at least 15 people and sparking search-and- rescue efforts to save people still trapped in collapsed buildings, emergency officials said. The explosion in the Amuwo Odofin area of Lagos was heard...
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FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)
March 15, 2020 - 3:41 am
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic. The announcement by the firm formally known...
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People line up to vote during presidential elections in Georgetown, Guyana, Monday, March. 2, 2020. Guyana get to choose for a new government in a bruising fight for control of a South American country whose oil revenues in the next decade could make it one of the wealthiest in the hemisphere. (AP Photo/Adrian Narine)
March 14, 2020 - 9:35 am
GEORGETOWN, Guyana (AP) — The election commission in oil-rich Guyana has declared that the governing coalition won the country's disputed vote, despite international concerns about the credibility of the process. The commission said late Friday that it will move this weekend to verify vote totals...
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People wear masks and gloves as they travel on a tube in London, Friday, March 13, 2020. 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/Kirsty Wigglesworth)
The Associated Press
March 13, 2020 - 10:47 pm
The Latest on the world's coronavirus pandemic: Officials say tests have confirmed three cases of the new coronavirus in Puerto Rico, the first for the U.S. territory. Gov. Wanda Vazquez said Friday night that the public school system would close for 14 days and that no cruise ships or the ferry...
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In another coronavirus precaution, California officials cordoned off the sculpture of a bear outside the office of Gov. Gavin Newsom, at the Capitol in Sacramento, Calif., Wednesday, March 11, 2020. The sculpture was purchased by former Gov. Arnold Schwarzenegger and was quickly nicknamed "Bacteria Bear," after it became a favorite backdrop for photographs and selfies by school children and other Capitol visitors. (AP Photo/Rich Pedroncelli)
The Associated Press
March 12, 2020 - 12:18 pm
Wall Street’s staggering skid that began less than three weeks ago has pulled the Dow Jones Industrial Average into what’s known as a bear market. After a string of sharp losses, the Dow has now fallen more than 20% from its last peak on Feb. 12. On Thursday, the S&P 500 was also in bear market...
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