Oil and gas industry

Seagulls fly as a man rides his bicycle in front of the Port on the Red Sea, in Jiddah, Saudi Arabia, Sunday, Dec. 27, 2020. (AP Photo/Amr Nabil)
January 05, 2021 - 11:36 am
FRANKFURT, Germany (AP) — Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill gesture" after a meeting with other crude-producing countries. The decision came after a meeting between...
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In this photo released by the Atomic Energy Organization of Iran, spokesman of the organization Behrouz Kamalvandi, center, briefs the media while visiting Fordo nuclear site near Qom, south of Tehran, Iran Saturday, Nov. 9, 2019. Joe Biden has an Iran problem. And, it’s getting more complicated by the day. Thanks to provocative moves by Iran and less-than-coherent actions by the outgoing Trump administration, the president-elect is facing an increasingly uncertain situation when it comes to Iran, a decades-long American nemesis that has been a target of blame for much of the Middle East's instability, (Atomic Energy Organization of Iran via AP)
January 05, 2021 - 9:19 am
WASHINGTON (AP) — Joe Biden has an Iran problem. And, it’s getting more complicated by the day. Thanks to provocative moves by Iran and less-than-coherent actions by the outgoing Trump administration, the president-elect is facing an increasingly uncertain situation when it comes to Iran, a decades...
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In this photo released Tuesday, Jan. 5, 2021 by the Iranian army, Chief of the General Staff of the Armed Forces Gen. Mohammad Hossein Bagheri, center, listens to an explanation while visiting at a display of drones prior to a drill, Iran. The Iranian military on Tuesday began a wide-ranging, two-day aerial drill in the country's north, state media reported, featuring combat and surveillance unmanned aircraft, as well as naval drones dispatched from vessels in Iran's southern waters. (Iranian Army via AP)
January 05, 2021 - 3:43 am
SEOUL (AP) — Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel's owner said Tuesday, the latest maritime seizure by Tehran amid heightened tensions with the West over its nuclear program. The military raid on...
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In this photo released Monday, Jan. 4, 2021, by Tasnim News Agency, a seized South Korean-flagged tanker is escorted by Iranian Revolutionary Guard boats on the Persian Gulf. Iranian state television acknowledged that Tehran seized the oil tanker in the Strait of Hormuz. The report on Monday alleged the MT Hankuk Chemi had been stopped by Iranian authorities over alleged “oil pollution” in the Persian Gulf and the strait. (Tasnim News Agency via AP)
January 04, 2021 - 6:08 pm
DUBAI, United Arab Emirates (AP) — Iran began enriching uranium Monday to levels unseen since its 2015 nuclear deal with world powers and also seized a South Korean-flagged tanker near the crucial Strait of Hormuz, a double-barreled challenge to the West that further raised Mideast tensions. Both...
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An aerial photo shows oil tankers load crude oil at Iraq's Al-Basra Offshore Terminal in Basra, Iraq, Sunday, Dec. 27, 2020. (AP Photo/Nabil al-Jurani)
January 02, 2021 - 1:40 pm
BAGHDAD (AP) — Iraq's military on Saturday said explosives experts with its naval forces successfully dismantled a mine that was discovered stuck to an oil tanker in the Persian Gulf two days earlier. The statement said Iraqi authorities have opened an investigation into the incident. No group has...
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FILE - In this Friday, June 13, 2014, file photo, a Serbian flag is seen on a gas pipe on the first section of the Gazprom South Stream natural gas pipeline near the village of Sajkas, 80 kilometers (50 miles) north of Belgrade, Serbia. Defying U.S. calls to reduce its dependency on energy supplies from Russia, Serbia has on Friday, Jan. 1, 2021 officially launched a new gas link that will bring additional Russian gas to the Balkan country via Bulgaria and Turkey. (AP Photo/Darko Vojinovic, File)
January 01, 2021 - 9:05 am
BELGRADE, Serbia (AP) — Defying U.S. calls to reduce its dependency on energy supplies from Russia, Serbia on Friday officially launched a new gas link that will bring additional Russian gas to the Balkan country via Bulgaria and Turkey. Serbian President Aleksandar Vucic attended a ceremony Friday...
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An aerial photo shows oil tankers load crude oil at Iraq's Al-Basra Offshore Terminal in Basra, Iraq, Sunday, Dec. 27, 2020. (AP Photo/Nabil al-Jurani)
January 01, 2021 - 6:57 am
BAGHDAD (AP) — Iraqi explosives experts were working to defuse a large mine discovered on an oil tanker in the Persian Gulf and evacuate its crew, authorities said Friday. The statement came a day after two private security firms said sailors feared they had found a limpet mine on the MT Pola, a...
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FILE - A traveler wears a mask as she waits for her flight in Terminal 3 at O'Hare International Airport in Chicago, Sunday, Nov. 29, 2020. The coronavirus pandemic created winners and losers in the business world. Wall Street recovered after March, even though Main Street is still struggling. As few people traveled, the airline industry needed billions of dollars in aid from the government and is still threatening to lay off workers.(AP Photo/Nam Y. Huh)
December 31, 2020 - 9:01 am
By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses...
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FILE - In this Oct. 12, 2020, file photo, streaks of lights from cars pass through a business district in Tokyo. Japan aims to eliminate gasoline-powered vehicles in about 15 years, the government said Friday, Dec. 25, 2020, in a plan to achieve Prime Minister Yoshihide Suga’s ambitious pledge to go carbon free by 2050 and generate nearly $2 trillion growth in green business and investment. (AP Photo/Kiichiro Sato, File)
December 25, 2020 - 2:27 am
TOKYO (AP) — Japan aims to eliminate gasoline-powered vehicles in about 15 years, the government said Friday in a plan to achieve Prime Minister Yoshihide Suga’s ambitious pledge to go carbon free by 2050 and generate nearly $2 trillion growth in green business and investment. The “green growth...
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FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)
December 24, 2020 - 10:06 am
NEW YORK (AP) — U.S. stock indexes are closing modestly higher on Thursday after drifting through an abbreviated session. The S&P 500 rose 0.4% before trading shut on Wall Street for the Christmas holiday, trimming its small loss for the week. Markets will reopen on Monday. The majority of...
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