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Tag Archives: energy

AP Explains: What does OPEC’s tentative deal mean for oil?

OPEC

DUBAI, United Arab Emirates (AP) — OPEC nations have agreed in theory that they need to reduce their production to help boost global oil prices during a meeting in Algeria, but a major disagreement between regional rivals Saudi Arabia and Iran still may derail any cut. What happened to oil prices and why can’t OPEC agree to anything more binding? ...

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US stocks bounce back as mining and consumer companies rise

stocks

NEW YORK (AP) — U.S. stocks are rising Wednesday morning after a four-day losing streak. Mining companies and consumer stocks are making some of the largest gains. Energy companies are falling as the price of oil continues to slide. KEEPING SCORE: The Dow Jones industrial average rose 53 points, or 0.3 percent, to 17,728 as of 9:52 a.m. Eastern time. ...

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US stocks retreat as banks, energy companies fall

stocks

NEW YORK (AP) — U.S. stocks are falling Thursday morning and returning some of their recent gains. Banks are skidding on the prospect of a drop in interest rates. Energy companies are slipping with the price of oil and metals companies are also down. KEEPING SCORE: The Dow Jones industrial average slid 53 points, or 0.3 percent, to 17,951 as ...

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US bank earnings dip 2 percent in 1Q amid low oil prices

low oil prices

WASHINGTON (AP) — The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans. U.S. bank earnings dipped 2 percent in the first three months of the year to $39.1 billion from $39.8 billion a year earlier, data ...

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Trump addresses energy policy at North Dakota oil expo

Trump, energy, plan, oil, North Dakota

Donald Trump’s speech on energy policy electrified the crowd Thursday at the Williston Basin Petroleum Conference in Bismarck, North Dakota. Trump’s message was simple: America first. “America’s incredible energy potential remains untapped,” Trump said. “Under my presidency, we’ll accomplish a complete American energy independence.” In front of about 7,000 people, Trump outlined an energy plan that promotes oil, natural gas ...

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Stocks little changed, but crude sheds 39 cents

stocks

NEW YORK (AP) — Stocks were little changed in early trading Monday, as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month. Energy stocks fell along with the price of crude oil. KEEPING SCORE: The Dow Jones industrial average rose 13 points, or 0.1 percent, to 17,514 as of 10:09 a.m. ...

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Stocks lower in morning after sizable gains the day before

stocks

NEW YORK (AP) — Stocks are mostly falling Tuesday morning as investors sift through new economic reports and earnings results. Utilities, consumer goods companies and banks fell the most after the market made sizable gains the day before. Wal-Mart Stores and JPMorgan Chase each dropped 1 percent, among the biggest declines in the Dow Jones industrial average. KEEPING SCORE: The ...

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US stocks are mixed as oil and metals prices slide

stocks

NEW YORK (AP) — U.S. stocks are little changed in midday trading Monday as the market comes off two weeks of losses. Drug companies are leading gains in the health care sector, but energy and materials companies are falling. The price of oil is down following a government shakeup in Saudi Arabia. Energy and metals prices are also falling because ...

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Uganda: Hope for oil production by 2018 after pipeline deal

Uganda: Hope for oil production by 2018 after pipeline deal

KAMPALA, Uganda (AP) — Uganda’s hopes to produce crude oil by 2018 have been boosted by an agreement to build a pipeline to Tanzania’s Tanga port, a government official said Tuesday. The agreement with Tanzania comes after months of uncertainty over which route the pipeline would take, said Bukenya Matovu, a spokesman for Uganda’s energy ministry. The decision to build ...

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More than 170 states set to sign landmark climate agreement

More than 170 states set to sign landmark climate agreement

UNITED NATIONS (AP) — More than 170 countries are lining up to sign the Paris Agreement on climate change Friday as the landmark deal takes a key step toward entering into force years ahead of schedule. U.S. Secretary of State John Kerry joins dozens of world leaders for a signing ceremony that is expected to set a record for international ...

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