Oil and gas exploration and extraction

FILE - In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks at a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. The Trump administration will announce Thursday, March 26, 2020, indictments against Maduro and members of his inner circle for effectively converting Venezuela's state into a criminal enterprise at the service of drug traffickers and terrorist groups, according to multiple people familiar with the situation. (AP Photo/Matias Delacroix, File)
April 21, 2020 - 10:34 pm
CARACAS, Venezuela (AP) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power...
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Petroleum storage tanks at the BP Indiana Tank Field are seen behind a security gate Tuesday, April 21, 2020, in Whiting, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.(AP Photo/Charles Rex Arbogast)
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April 21, 2020 - 4:58 pm
NEW YORK (AP) — A barrel of oil now costs less than a cheap bottle of wine. U.S. benchmark crude was trading as low as $6.50 a barrel Tuesday, more than 80% lower than the start of the year. The dizzying drop reflected stark suffering in the global economy that has left vastly diminished demand for...
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People wearing face masks walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, April 20, 2020. Shares were mixed in Asia on Monday, while oil prices have fallen back. (AP Photo/Vincent Yu)
April 20, 2020 - 2:03 pm
NEW YORK (AP) — Stocks are slipping in afternoon trading on Wall Street, as the price of oil cratered to historic lows Monday, cheaper than bottled water. The S&P 500 was down 0.8%, as of 1:30 p.m. Eastern time, after wavering between sharper and milder losses. But the market’s most dramatic...
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FILE - In this June 26, 2010 file photo, Plaquemines Parish Coastal Zone Director P.J. Hahn rescues a heavily oiled bird from the waters of Barataria Bay, La., which are laden with oil from the Deepwater Horizon oil spill. Ten years after the nation's biggest offshore oil spill fouled its waters, the Gulf of Mexico sparkles in the sunlight and its fish are safe to eat. But scientists who have spent $500 million dollars from BP researching the impact of the Deepwater Horizon disaster have found much to be concerned about. (AP Photo/Gerald Herbert, File)
April 20, 2020 - 1:20 am
NEW ORLEANS (AP) — Ten years after a well blew wild under a BP platform in the Gulf of Mexico, killing 11 men and touching off the nation’s worst offshore oil spill, gulf waters sparkle in the sunlight, its fish are safe to eat, and thick, black oil no longer visibly stains the beaches and...
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Cars are parked in an auto dealer lot Wednesday, April 15, 2020, in Green Park, Mo. U.S. retail sales recorded a record drop in March, with auto sales down 25.6%, as the coronavirus outbreak closed down thousands of stores and shoppers stayed home. (AP Photo/Jeff Roberson)
April 15, 2020 - 5:32 pm
WASHINGTON (AP) — Evidence of the coronavirus' devastating impact on the U.S. economy has been steadily emerging, and the signs have grown ominous. Sales at stores and restaurants plunged in March by the largest amount on records dating back to 1992. The nation's industrial output fell by the...
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FILE - In this Wednesday, April 8, 2020, file photo, the sun sets behind an idle pump jack near Karnes City, Texas. Demand for oil continues to fall due to the new coronavirus outbreak. As demand for fuel plummeted worldwide and the oil industry faced a devastating drop in oil prices, the U.S. took the rare move of stepping into negotiations involving the member countries of OPEC and non-members such as Russia and Mexico. (AP Photo/Eric Gay, File)
April 14, 2020 - 11:04 am
NEW YORK (AP) — As demand for fuel plummeted worldwide and the oil industry faced a devastating drop in oil prices, the U.S. took the rare move of stepping into negotiations involving the member countries of OPEC and non-members such as Russia and Mexico, an alliance called OPEC+. President Donald...
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A man with a protective mask walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, April 13, 2020. Asian shares fell Monday amid absence of fresh news after U.S. markets were closed for Good Friday and European, Australian and Hong Kong trading continued to be closed for Easter holidays. (AP Photo/Eugene Hoshiko)
April 13, 2020 - 11:37 pm
TOKYO (AP) — Asian shares rose Tuesday although investors were braced for a sobering first look at how the coronavirus pandemic has hurt global corporate earnings and the Chinese economy, the driver of growth for the region. Japan's benchmark Nikkei 225 added 2.2% in morning trading to 19,471.77...
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In this photo released by Saudi Energy Ministry, Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, third right, chairs a virtual summit of the Group of 20 energy ministers at his office in Riyadh, Saudi Arabia, Friday, April 10, 2020, to coordinate a response to plummeting oil prices due to an oversupply in the market and a downturn in global demand due to the pandemic. (Saudi Energy Ministry via AP)
April 12, 2020 - 9:19 pm
DUBAI, United Arab Emirates (AP) — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. “This...
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The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. Demand for oil continues to fall due to the new coronavirus outbreak. (AP Photo/Eric Gay)
April 10, 2020 - 5:45 pm
DUBAI, United Arab Emirates (AP) — The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production, or a tenth of global supply. More countries, including the United States, were discussing Friday their own cuts in what...
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In this photo taken from video provided by the New York Stock Exchange, Chief Security Officer Kevin Fitzgibbons rings the opening bell at the NYSE, while recognizing Randy Timmons in Albany, Ga., and thousands of employees of the Proctor & Gamble Company, Thursday, April 9, 2020. (New York Stock Exchange via AP)
April 10, 2020 - 7:32 am
BANGKOK (AP) — Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. The price of oil fell back after major oil-producing countries struggled...
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