Energy industry

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 09, 2020 - 12:29 pm
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. The spat between these vital oil...
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An Emirati trader reacts to the latest news at the Dubai Financial Market in Dubai, United Arab Emirates, Monday, March 9, 2020. Saudi Arabia closed off air and sea travel to nine countries affected by the new coronavirus Monday as Mideast stock markets tumbled over fears about the widening outbreak's effect on the global economy. (AP Photo/Kamran Jebreili)
March 09, 2020 - 4:55 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia closed off air and sea travel to nine countries affected by the new coronavirus Monday as Mideast stock markets tumbled over fears about the widening outbreak's effect on the global economy. The state oil giant Saudi Aramco led the financial losses,...
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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 April 8, 2018 file photo, Ferrari driver Sebastian Vettel of Germany, center, leads at the start and followed by Mercedes driver Valtteri Bottas of Finland, right and Ferrari driver Kimi Raikkonen of Finland, left, during the Bahrain Formula One Grand Prix, at the Formula One Bahrain International Circuit in Sakhir, Bahrain. The Formula One race this month in Bahrain will be run without spectators over fears about the new coronavirus, the island kingdom announced Sunday, March 8, 2020, as Mideast stock markets fell sharply amid plummeting demand for crude oil and OPEC's inability to agree on a production cut. (AP Photo/Luca Bruno, File)
March 08, 2020 - 6:32 am
DUBAI, United Arab Emirates (AP) — Bahrain's Formula One race this month will be run without spectators over fears about the new coronavirus, the island kingdom announced Sunday, as Mideast stock markets fell sharply amid plummeting demand for crude oil and OPEC's inability to agree on a production...
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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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Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 2:03 pm
VIENNA (AP) — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business. The price of oil fell sharply in international markets as a result, with...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, March 6, 2020. Asian shares are falling as fears about the virus outbreak once again dominate financial markets. (AP Photo/Kin Cheung)
March 06, 2020 - 6:30 am
TOKYO (AP) — World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak. Rumors that Chinese officials might be overstating the extent to which local businesses are getting back...
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Del. Richard "Rip" Sullivan, D-Arlington, gestures during the House session at the Capitol Thursday, March. 5, 2020, in Richmond, Va. Sullivan is leading the floor debate on the renewable energy bills. (AP Photo/Steve Helber)
March 05, 2020 - 6:32 pm
RICHMOND, Va. (AP) — A sweeping energy bill that supporters said would make Virginia a national leader in addressing climate change passed the state House Thursday amid warnings by critics that it will carry a steep price tag. The legislation, called the Virginia Clean Economy Act, moved to the...
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Trader Peter Mancuso prepares for the day's trading, on the floor of the New York Stock Exchange, Thursday, March 5, 2020. (AP Photo/Richard Drew)
March 05, 2020 - 1:10 pm
NEW YORK (AP) — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the latest shudder in Wall Street's wildest week in more than eight years. Major indexes lost more than 3% in afternoon trading, and Treasury yields...
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A woman wearing a mask poses for photos at the bottom of the Spanish Steps, in Rome, Thursday, March 5, 2020. Italy's virus outbreak has been concentrated in the northern region of Lombardy, but fears over how the virus is spreading inside and outside the country has prompted the government to close all schools and Universities nationwide for two weeks. (AP Photo/Andrew Medichini)
The Associated Press
March 05, 2020 - 11:51 am
BANGKOK (AP) — The global march of the new virus triggered a vigorous appeal Thursday from the World Health Organization for governments to pull out “all the stops” to slow the epidemic, as it drained color from India's spring festivities, closed Bethlehem's Nativity Church and blocked Italians...
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