Oil and gas exploration and extraction

United States Secretary of Energy Dan Brouillette gestures during an interview at the LNG terminal of the deepwater port of Sines after visiting the port, in Sines, southern Portugal, Wednesday, Feb. 12, 2020. The US government and american companies are expressing interest in the expansion of the port. (AP Photo/Armando Franca)
March 19, 2020 - 2:14 pm
WASHINGTON (AP) — The Trump administration said Thursday it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally. President Donald Trump had directed the Energy Department last week...
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March 11, 2020 - 3:37 pm
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have...
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A woman walks past a poster depicting the 1859 painting by Italian artist Francesco Hayez, ll Bacio (The Kiss), hanging on a facade of the Pinacoteca di Brera Museum, in Milan, Italy, Wednesday, March 11, 2020. Italy is mulling even tighter restrictions on daily life and has announced billions in financial relief to cushion economic shocks from the coronavirus. Premier Giuseppe Conte says he will consider requests to toughen an already extraordinary lockdown 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/Luca Bruno)
AP Newsroom
March 11, 2020 - 12:37 pm
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that...
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March 11, 2020 - 3:58 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil company Aramco says it will increase production capacity to 13 million barrels per day, up from 12 million per day. The majority state-owned company's announcement, made on the Saudi Tadawul stock exchange on Wednesday, did not say when that...
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A security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia, Monday, March 9, 2020. State oil giant Saudi Aramco sees shares drop by 10% as Riyadh stock market opens, halting trading. (AP Photo/Amr Nabil)
March 10, 2020 - 6:42 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount. The move seems to make good on the country's promise over the weekend to increase output after Russia...
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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)
AP Newsroom
March 09, 2020 - 1:33 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 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)
AP Newsroom
March 08, 2020 - 8:06 pm
NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier...
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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 - 11:52 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)
AP Newsroom
March 06, 2020 - 2:19 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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Austrian rescue personnel checks the body temperature of Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, before a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, March 5, 2020. (AP Photo/Ronald Zak)
March 05, 2020 - 9:36 am
VIENNA (AP) — The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like major producer Russia, who will take...
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