Energy industry

FILE - In this May 26, 2020, file photo, a family wearing masks passes the New York Stock Exchange. Stocks fell sharply Thursday, June 11, 2020, on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long the market’s scorching comeback can last. (AP Photo/Mark Lennihan, File)
June 11, 2020 - 5:09 pm
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long the market’s scorching comeback can last. The Dow Jones Industrial Average sank more than 1,800 points and the...
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FILE - This Feb. 21, 2012, file photo, shows equipment in the oil fields of the Uintah Basin, southeast of Vernal, Utah. The Trump administration has started giving energy companies temporary breaks on royalties they must pay for oil and gas extracted from federal lands because of the coronavirus pandemic, government data shows. Royalty rate cuts so far have been authorized for at least 76 energy leases in Utah. (Trent Nelson/The Salt Lake Tribune via AP, File)
June 10, 2020 - 6:20 pm
BILLINGS, Mont. (AP) — The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, according to a government database and federal officials. The temporary breaks on royalty...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 10, 2020. Shares were trading slightly higher in Asia on Wednesday after a weekslong rally on Wall Street hit the brakes. (AP Photo/Ahn Young-joon)
June 10, 2020 - 2:06 pm
U.S. stock indexes were mostly lower Wednesday afternoon in choppy trading after the Federal Reserve said it expects to keep interest rates low through 2022 and keep up its bond purchases. The S&P 500 was down 0.5% after initially rising to 0.4% following the release of the central bank's...
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In this Monday June 8, 2020 photo a nozzle valve is attached to the dispenser of a hydrogen filling station in Dresden Germany. The German government is to agree its national hydrogen strategy for the coming decades, part of a plan to reduce the country's dependence on fossil fuels. (Sebastian Kahnert/dpa via AP)
June 10, 2020 - 7:14 am
BERLIN (AP) — The German government agreed Wednesday on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions. While hydrogen is currently produced almost exclusively from fossil fuels, the government wants to encourage...
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This handout photo provided by Vasiliy Ryabinin shows oil spill outside Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow, Russia, Friday, May 29, 2020. Russian authorities have charged Vyacheslav Starostin, the director of an Arctic power plant that leaked 20,000 tons of diesel fuel into the ecologically fragile region on May 29, 2020, with violating environmental regulations. An investigation is ongoing Monday JUne 8, 2020, into the alleged crime, that could bring five years in prison if Starostin is found guilty. (Vasiliy Ryabinin via AP)
June 10, 2020 - 7:07 am
MOSCOW (AP) — Russian authorities have detained three top managers of an Arctic power plant that leaked 20,000 tons of diesel fuel into the ecologically fragile region. Plant director Pavel Smirnov, chief engineer Alexei Stepanov and his deputy, Yuri Kuznetsov, have been detained on suspicion of...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 10, 2020. Shares were trading slightly higher in Asia on Wednesday after a weekslong rally on Wall Street hit the brakes. (AP Photo/Ahn Young-joon)
June 09, 2020 - 11:26 pm
BANGKOK (AP) — Shares were trading slightly higher in Asia on Wednesday after a weekslong rally on Wall Street hit the brakes. Markets rose Wednesday in Tokyo, Hong Kong and Sydney but fell in Shanghai after the S&P 500 fell 0.8%, its largest loss in almost three weeks. Skeptics have been...
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A man wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 9, 2020. Asian shares were mixed on Tuesday after the Nasdaq hit a record high. (AP Photo/Vincent Yu)
June 08, 2020 - 10:37 pm
TOKYO (AP) — Shares were mixed in Asia on Tuesday after the Nasdaq composite touched a fresh record as enthusiasm about reopening the economy pushed Wall Street still higher. Japan's benchmark Nikkei 225 lost 0.5% to 23,064.75 and South Korea's Kospi dipped 0.3% to 2,178.58. Hong Kong's Hang Seng...
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FILE - This Jan. 16, 2020 file photo shows a Uniper energy company coal-fired power plant and a BP refinery beside a wind generator in Gelsenkirchen, Germany. The world hit another new record high for heat-trapping carbon dioxide in the atmosphere, despite reduced emissions because of the coronavirus pandemic, scientists announced Thursday, June 4, 2020. (AP Photo/Martin Meissner)
June 08, 2020 - 7:54 am
LONDON (AP) — Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP's global workforce of 70,000 people and come...
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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)
June 06, 2020 - 2:11 pm
DUBAI, United Arab Emirates (AP) — OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to encourage stability in energy markets hard hit by the coronavirus-induced global economic crisis. Ministers of the...
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FILE - In this March 29, 2020, file photo, a bird flies among wind turbines near King City, Mo. The Trump administration is moving to scale back criminal enforcement of a century-old law protecting most American wild bird species. The former director of the U.S. Fish and Wildlife Service told AP billions of birds could die if the government doesn't hold companies liable for accidental bird deaths. (AP Photo/Charlie Riedel, File)
June 05, 2020 - 11:53 am
BILLINGS, Mont. (AP) — The Trump administration moved forward Friday with plans to scale back a century-old law protecting most American wild bird species despite warnings that billions of birds could die as a result. Officials said in a draft study of the proposal that it could result in more...
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