President Trump intensifies fracking assault on Biden in Pennsylvania

HARRISBURG, Pa. (AP) — In a late gambit to win the battleground state of Pennsylvania, President Donald Trump and his GOP allies have intensified attacks on Joe Biden over fracking, hoping to drive a wedge between the former vice president and the white, working-class voters tied to the state’s booming natural gas industry. That assault […]

US approves oil, gas leasing plan for Alaska wildlife refuge

ANCHORAGE, Alaska (AP) — The Trump administration gave final approval Monday for a contentious oil and gas leasing plan on the coastal plain of Alaska’s Arctic National Wildlife Refuge, where critics worry about the industry’s impact on polar bears, caribou and other wildlife. The next step, barring lawsuits, will be the actual sale of leases. […]

Stocks rebound on Wall Street, S&P 500 trades above record

New York (AP), August 13 – The S&P 500 briefly traded above its record closing high Wednesday, nearly erasing the last of the historic losses it took due to the coronavirus pandemic. The index ended up with a gain of 1.4%, just shy of its all-time high. Big technology stocks once again led way. At […]

S&P 500, other financial markets up on strong trading

NEW YORK (AP) — Wall Street’s big rally keeps rolling, and the S&P 500 rose for a fourth straight day Wednesday to sit just 1.7% below its record. The S&P 500 climbed 21.26 points, or 0.6%, to 3,327.77, echoing gains for stocks across Europe and Asia. If the U.S. market has just a few more […]

OPEC, oil nations agree to nearly 10M barrel cut amid virus

DUBAI, United Arab Emirates (AP) — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said. The cartel and other nations agreed to allow Mexico […]

Chaos and scrambling in the US oil patch as prices plummet

NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state’s savings as oil revenue dries up. […]

Oil plunges 25% as another virus-fueled trading week begins

NEW YORK (AP) — Oil prices are plunging amid concern 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 $11.44, or 25.3%, to $33.83 per barrel in electronic trading in London. Benchmark U.S. crude fell $10.77, or 26.1%, […]

Saudi Arabia: Drone attacks knocked out half its oil supply

DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels launched drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field Saturday, sparking huge fires and halting about half of the supplies from the world’s largest exporter of oil. The attacks were the latest of many drone assaults on the […]

Trump moves to vastly expand offshore drilling off US coasts

 WASHINGTON (AP) — The Trump administration moved Thursday to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off California for the first time in more than three decades. The new five-year drilling plan also could open new areas of oil and gas exploration […]