Energy industry

A man wearing a face mask walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, May 11, 2020. Asian stock markets are higher after Wall Street advanced as investors looked past dismal U.S. jobs and other data toward hopes for a global recovery from the coronavirus pandemic.(AP Photo/Eugene Hoshiko)
May 11, 2020 - 5:27 pm
NEW YORK (AP) — Stocks are opening lower on Wall Street as hard questions remain over how and when states will reopen following widespread shutdowns put in place to slow the coronavirus pandemic. The S&P 500 index fell 0.8% in the first few minutes of trading Monday. Marriott fell after the...
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FILE - In this March 7, 2020 file photo, a man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia. Saudi Arabia announced Monday, May 11, 2020, it is tripling taxes on basic goods to 15% and will cut spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. (AP Photo/Amr Nabil, File)
May 11, 2020 - 3:07 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. Saudi citizens will...
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Map shows location where Iranian missile accidentally strikes own ship Konarak; 2c x 3 inches; 96.3 mm x 76 mm;
May 11, 2020 - 9:33 am
TEHRAN, Iran (AP) — A missile fired during an Iranian training exercise mistakenly struck a naval vessel instead of its intended target in waters near the strategic Strait of Hormuz, killing 19 sailors and wounding 15 others, Iranian authorities said Monday. The bungled training exercises took...
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Smoke rises from LG Polymers plant, the site of a chemical gas leakage, in Vishakhapatnam, India, Thursday, May 7, 2020. Synthetic chemical styrene leaked from the industrial plant in southern India early Thursday, leaving people struggling to breathe and collapsing in the streets as they tried to flee. Administrator Vinay Chand said several people fainted on the road and were rushed to a hospital. (AP Photo)
May 07, 2020 - 11:37 pm
HYDERABAD, India (AP) — Indian authorities evacuated more people from villages near a South Korean-owned chemical factory where a gas leak a day earlier killed 11 people and left about 1,000 struggling to breathe. Authorities said the evacuation was precautionary, but it triggered panic among...
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FILE - In this Nov. 26, 2018, file photo, a Pacific Gas & Electric lineman works to repair a power line in fire-ravaged Paradise, Calif. California regulators will consider suspending a $200 million fine against Pacific Gas & Electric for neglecting electrical equipment that killed more than 100 people. If PG&E is granted the waiver to help it emerge from bankruptcy, it will deprive California of desperately needed money as a pandemic-driven recession depletes state revenue from sales and income taxes. (AP Photo/Rich Pedroncelli, File)
May 07, 2020 - 5:22 pm
BERKELEY, Calif. (AP) — California regulators on Thursday suspended a $200 million fine that Pacific Gas & Electric was supposed to pay as punishment for the utility's neglect of electrical equipment that ignited a series of deadly wildfires in Northern California. The waiver approved in a...
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FILE - In this Feb. 20, 2020, file photo, a member of the U.S. Air Force stands near a Patriot missile battery at the Prince Sultan air base in al-Kharj, central Saudi Arabia. The U.S. is pulling two Patriot missile batteries and some fighter aircraft out of Saudi Arabia, an American official said Thursday, May 7, amid tensions between the kingdom and the Trump administration over oil production. (Andrew Caballero-Reynolds/Pool via AP, File)
May 07, 2020 - 4:54 pm
WASHINGTON (AP) — The U.S. is pulling two Patriot missile batteries and some fighter aircraft out of Saudi Arabia, an American official said Thursday, amid tensions between the kingdom and the Trump administration over oil production. The official said the decision removes two batteries that were...
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A boy affected by a chemical gas leak is carried for medical treatment in Vishakhapatnam, India, Thursday, May 7, 2020. Chemical gas leaked from an industrial plant in southern India early Thursday, leaving people struggling to breathe and collapsing in the streets as they tried to flee. Administrator Vinay Chand said several people fainted on the road and were rushed to a hospital. (AP Photo)
May 07, 2020 - 8:59 am
HYDERABAD, India (AP) — A gas leak at a chemical factory owned by a South Korean company in southern India early Thursday left at least 11 people dead and about 1,000 struggling to breathe. The chemical styrene, used to make plastic and rubber, leaked from the LG Polymers plant in the city of...
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May 07, 2020 - 5:10 am
COPENHAGEN, Denmark (AP) — Norway’s central bank has cut its key policy rate by a quarter percentage point to 0% as the economy is slammed by the combination of the coronavirus pandemic and a recent plunge in the price of oil. “The uncertainty surrounding developments ahead is unusually high,”...
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May 06, 2020 - 9:55 pm
BAGHDAD (AP) — Iraq’s former spy chief was sworn in as prime minister by lawmakers early Thursday after weeks of tense political negotiations as the country faces a severe economic crisis spurred by plummeting oil prices and the coronavirus pandemic. The majority of 255 legislators attending the...
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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, May 6, 2020. Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. (AP Photo/Ahn Young-joon)
May 06, 2020 - 4:08 pm
A late-day slide left stocks mostly lower after a wobbly day of trading, but major technology companies managed to hold on to their gains. The weak showing Wednesday gave the benchmark S&P 500 its first loss this week and came as depressing data on the economy continues to roll in. The S&P...
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