Oil and gas industry

FILE - In this Oct. 8, 2014, file photo, a man walks to work on Wall Street, near the New York Stock Exchange, in New York. Global stocks mostly fell on Monday, Nov. 6, 2017, and the price of oil hit a two-year high after a spate of high-profile arrests in Saudi Arabia unnerved some investors and suggested the kingdom could be more bullish in pursuing output cuts. (AP Photo/Mark Lennihan, File)
November 06, 2017 - 10:48 am
NEW YORK (AP) — U.S. stocks are edging higher Monday as chipmakers jump on Broadcom's $103 billion offer to buy competitor Qualcomm. However phone companies are sinking after wireless carriers Sprint and T-Mobile said they've called off talks about a possible deal. Oil prices are slightly higher as...
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US Commerce Secretary Wilbur Ross speaks at the annual CBI conference in London, Monday Nov. 6, 2017. Newly leaked documents show that Commerce Secretary Wilbur Ross, the Trump administration's point man on trade and manufacturing policy, has a stake in a company that does business with a gas producer partly owned by the son-in-law of Russian President Vladimir Putin. (John Stillwell/PA via AP)
November 06, 2017 - 10:48 am
NEW YORK (AP) — Newly leaked documents show that Commerce Secretary Wilbur Ross, the Trump administration's point man on trade and manufacturing policy, has a stake in a company that does business with a gas producer partly owned by the son-in-law of Russian President Vladimir Putin. According to...
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FILE - In this Thursday, Oct. 12, 2017, file photo, Commerce Secretary Wilbur Ross appears before the House Committee on Oversight and Government Reform to discuss preparing for the 2020 Census, on Capitol Hill in Washington. Newly leaked documents show that Ross has a stake in a shipping company that does business with a gas producer partly owned by the son-in-law of Russian President Vladimir Putin, according to the International Consortium of Journalists. (AP Photo/J. Scott Applewhite, File)
November 05, 2017 - 5:52 pm
NEW YORK (AP) — Newly leaked documents show that Commerce Secretary Wilbur Ross, the Trump administration's point man on trade and manufacturing policy, has a stake in a company that does business with a gas producer partly owned by the son-in-law of Russian President Vladimir Putin. According to...
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FILE - In this Feb. 4, 2014 file photo, Saudi billionaire Prince Alwaleed bin Talal, waves as he arrives at the headquarters of Palestinian President Mahmoud Abbas in the West Bank city of Ramallah. Saudi Arabia has arrested dozens of princes and former government ministers, including a well-known billionaire with extensive holdings in Western companies, as part of a sweeping anti-corruption probe, further cementing King Salman and his crown prince son's control of the kingdom. A high-level employee at Prince Alwaleed bin Talal's Kingdom Holding Company told The Associated Press that the royal was among those detained overnight Saturday, Nov. 4, 2017. (AP Photo/Majdi Mohammed, File)
November 05, 2017 - 9:39 am
DUBAI, United Arab Emirates (AP) — Among those detained in Saudi Arabia, no name carries more power in Western financial markets than Prince Alwaleed bin Talal. The prince, listed by Forbes as the richest Arab with $18.7 billion to his name, long has made big bets in the markets, holding major...
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November 03, 2017 - 11:05 pm
SPRINGFIELD, Ill. (AP) — The first company to obtain a permit for fracking in Illinois announced Friday it won't use it, citing market conditions and the state's "burdensome and costly" regulations. Wichita, Kansas-based Woolsey Companies Inc. was given permission in September by the Illinois...
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November 03, 2017 - 5:13 pm
MEXICO CITY (AP) — Mexico's state oil company says it has made a significant onshore find in the Gulf coast state of Veracruz. A statement from Petroleos Mexicanos says the field could represent total reserves of about 350 million barrels of crude equivalent, from an original volume of over 1.5...
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November 03, 2017 - 3:56 pm
WARRI, Nigeria (AP) — A Nigerian militant group has announced an end to its cease-fire with the Nigerian government, raising the prospects of renewed attacks on oil installations in the Niger Delta. The announcement Friday by the Niger Delta Avengers threatens the African nation's fragile economic...
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November 03, 2017 - 2:27 pm
WASHINGTON (AP) — The energy industry has winners and losers in the new House GOP tax bill. Losers are the electric car industry and producers of wind power and other clean energy. Winners include oil and gas and the nuclear power industry, which would see tax breaks preserved. The bill's release...
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In this Friday, Oct. 27, 2017, photo, workers assemble Ford trucks at the Ford Kentucky Truck Plant in Louisville, Ky. On Friday, Nov. 3, 2017, the Commerce Department reports on U.S. factory orders for September. (AP Photo/Timothy D. Easley)
November 03, 2017 - 10:20 am
WASHINGTON (AP) — Orders to U.S. factories rose 1.4 percent in September, the strongest gain in four months. A key category that tracks business investment plans jumped by the largest amount in more than a year. The September gain followed a 1.2 percent advance in August, the Commerce Department...
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A man walks past an electronic stock board showing the Hang Seng Index at a bank in Hong Kong, Friday, Nov. 3, 2017. Asian stocks were drifting Friday in holiday-thinned trading as investors digested news about the Fed's next chief and a U.S. tax cut plan. (AP Photo/Kin Cheung)
November 03, 2017 - 8:57 am
LONDON (AP) — Stock markets were solid Friday after a mixed set of U.S. jobs figures and as investors continued to welcome the appointment of Jerome Powell as the next head of the Federal Reserve. KEEPING SCORE: In Europe, Germany's DAX was up 0.3 percent to 13,479 while Britain's FTSE 100 was...
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