Energy industry

FILE - In this June 21, 2019 file photo, flames and smoke emerge from the Philadelphia Energy Solutions Refining Complex in Philadelphia. The owner of the largest oil refinery complex on the East Coast is telling officials that it will close the facility after a fire last week set off explosions and damaged the facility. Philadelphia Mayor Jim Kenney said in a Wednesday, June 26 statement that Philadelphia Energy Solutions has informed him of its decision. Kenney says the more than 1,000 workers there will be impacted. The 150-year-old oil refining complex processes 335,000 barrels of crude oil daily. (AP Photo/Matt Rourke, File)
June 26, 2019 - 11:00 am
The owner of the largest oil refinery complex on the East Coast is telling officials that it will close the facility after a fire last week set off explosions and damaged equipment there. Philadelphia Mayor Jim Kenney said in a statement Wednesday that Philadelphia Energy Solutions had informed him...
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U.S. Secretary of State Mike Pompeo told reporters that the U.S. sanctions will be reimposed on all countries that import oil from Iran since May 2.
Xinhua/Sipa USA
April 23, 2019 - 5:20 am
BEIJING (AP) — Beijing on Tuesday again lashed out at a U.S. decision to impose sanctions on countries that buy Iranian oil, calling it a violation of China's interests that will intensify turmoil in the Middle East and international energy markets. Foreign ministry spokesman Geng Shuang said the U...
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This image released by Tokyo Electric Power Co. (TEPCO) shows the operation floor above a cooling pool at Unit 3 of the Fukushima nuclear power plant in Okuma town, Fukushima prefecture, northeastern Japan, Monday, April 15, 2019. The operator TEPCO of the tsunami-wrecked Fukushima nuclear plant began removing fuel from the cooling pool at one of three reactors that melted down in the 2011 disaster, a milestone in the decades-long process to decommission the plant. (Tokyo Electric Power Co. via AP)
April 15, 2019 - 6:55 am
TOKYO (AP) — The operator of the tsunami-wrecked Fukushima nuclear plant began removing fuel Monday from a cooling pool at one of three reactors that melted down in the 2011 disaster, a milestone in what will be a decades-long process to decommission the facility. Tokyo Electric Power Co. said...
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FILE- In this April 5, 2018, file photo, a sign for a Wall Street subway station is shown in New York. U.S. stock indexes wavered between small gains and losses in early trading Friday, July 27, as investors weighed the latest batch of company earnings reports and new government data showing the U.S. economy surged in the second quarter at the fastest pace since 2014. (AP Photo/Richard Drew, File)
July 27, 2018 - 12:16 pm
A slide in technology companies weighed on U.S. stocks Friday, adding to the market's losses from a day earlier. Twitter plunged after the social media network said its monthly users declined in the second quarter. The drop in tech stocks outweighed gains in banks, retailers and restaurant chains...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Profit at Exxon Mobil Corp. surged on rising prices, but not enough for investors who are selling off shares in early trading. The Irving, Texas-based company on Friday, July 27, 2018 reported second-quarter profit of $3.95 billion, or 92 cents per share. (AP Photo/Richard Drew, File)
July 27, 2018 - 11:52 am
DALLAS (AP) — Rising oil prices pushed second-quarter profit at Exxon Mobil Corp. up 18 percent to $3.95 billion, but the results Friday fell short of Wall Street expectations, and the shares fell in morning trading. The price of benchmark international crude is up more than 50 percent from a year...
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July 27, 2018 - 6:31 am
LONDON (AP) — Energy producer BP has bought BHP Billiton's shale oil and gas assets in the U.S. for $10.5 billion in a deal that will give it access to the fast-growing shale industry. CEO Bob Dudley described the deal as a "transformational acquisition." The company says the agreement will bring...
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July 26, 2018 - 4:32 pm
DENVER (AP) — The head of a prominent U.S. energy trade group says President Donald Trump's tariffs on European steel and Chinese goods pose a multibillion-dollar threat to America's energy industry. But the American Petroleum Institute's Jack Gerard said Thursday he hopes the escalation of trade...
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July 26, 2018 - 12:55 pm
BISMARCK, N.D. (AP) — A federal judge has ruled the developer of the Dakota Access oil pipeline has no claim under federal racketeering law for damages against a Dutch environmental group that urged banks not to finance the $3.8 billion project. Judge Billy Roy Wilson dismissed Netherlands-based...
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President Donald Trump arrives to board Air Force One , Thursday, July 26, 2018, in Andrews Air Force Base, Md. Trump is traveling to Iowa and Illinois in which his trade agenda is expected to be a leading issue. (AP Photo/Evan Vucci)
July 26, 2018 - 12:26 pm
WASHINGTON (AP) — The Latest on trade developments involving the United States and the European Union (all times local): 12:15 p.m. Republican members of Congress are telling White House economic advisers Larry Kudlow and Peter Navarro how tariffs have hurt their constituents. The Capitol Hill...
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July 26, 2018 - 9:58 am
DUBAI, United Arab Emirates (AP) — Oil prices rose to a 10-day high Thursday after Saudi Arabia's state-owned oil company announced it was temporarily halting crude shipments through a strategic Red Sea shipping lane after Yemen's Shiite rebels attacked two tankers in the strait the previous day...
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