Energy industry

Saudi Arabia's state-owned oil company Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market in Riyadh, Saudi Arabia, Wednesday, Dec. 11, 2019. (AP Photo/Amr Nabil)
December 11, 2019 - 3:52 am
RIYADH, Saudi Arabia (AP) — Saudi Arabia's oil company Aramco began trading for the first time on Wednesday, gaining 10% in its first moments on the market in a dramatic debut that pushed its value to $1.88 trillion, higher than any other listed company in the world. Trading on the Saudi Tadawul...
Read More
December 10, 2019 - 5:50 pm
SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter...
Read More
Democratic presidential contender Michael Bloomberg attends a sustainable finance panel at the COP25 summit in Madrid, Tuesday Dec. 10, 2019. (AP Photo/Bernat Armangue)
December 10, 2019 - 2:18 pm
MADRID (AP) — New York billionaire and presidential candidate Michael Bloomberg led a high-powered charge against President Donald Trump's climate policies Tuesday, assuring activists, scientists and politicians from around the world that Americans are committed to reducing greenhouse gas emissions...
Read More
In this April 16, 2019, photo, attendees take a close look at cars from BYD at the Auto Shanghai 2019 show in Shanghai. China's electric car sales are stalling following the end of multibillion-dollar subsidies that made it the biggest market for the technology. Communist leaders want to make China a leader in electric cars but are shifting the burden to the industry by imposing mandatory sales quotas (AP Photo/Ng Han Guan)
December 10, 2019 - 5:05 am
BEIJING (AP) — Looking for a new car, Yang Zhibo considered an electric but balked at prices that are thousands of dollars higher after Beijing wound down multibillion-dollar subsidies that made China the biggest market for the technology. The 27-year-old employee of a beverage distributor picked a...
Read More
December 09, 2019 - 2:01 am
MADRID (AP) — More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change. The investors, including banks, pension funds and insurance companies, directed their message to countries...
Read More
Russian President Vladimir Putin, left, and Belarusian President Alexander Lukashenko raise a toast during their meeting in the Black sea resort of Sochi, Russia, Saturday, Dec. 7, 2019. Leaders of Russia and Belarus sat down for talks Saturday on deepening ties between the two allies — a meeting that triggered a protest in the Belarusian capital. More than 1,000 opposition demonstrators rallied in Minsk to protest closer integration with Russia, which they fear could erode the post-Soviet independence of the nation of 10 million. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
December 07, 2019 - 2:22 pm
MINSK, Belarus (AP) — The leaders of Russia and Belarus spent more than five hours Saturday in sensitive talks on deepening ties between the two allies — a meeting that triggered a protest in the Belarusian capital among those who fear Russia's intentions. No immediate deal was announced after the...
Read More
In this Dec. 5, 2019, photo, President Donald Trump speaks at a luncheon with members of the United Nations Security Council in the Cabinet Room at the White House in Washington. (AP Photo/Andrew Harnik)
December 07, 2019 - 10:24 am
WASHINGTON (AP) — When certain associates and acquaintances of President Donald Trump get into hot water, he forgets he ever knew them. Various figures from the Russia investigation and the Ukraine matter as well as a British prince have fallen out of familiarity with the president in this way. For...
Read More
FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif. Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence. The settlement, which the utility says was reached Friday, Dec. 6, 2019, still requires court approval. (AP Photo/Rich Pedroncelli, File)
December 07, 2019 - 12:15 am
LOS ANGELES (AP) — Pacific Gas and Electric announced Friday it has reached a tentative $13.5 billion settlement resolving all major claims related to the deadly, devastating Northern California wildfires of 2017-2018 that were blamed on its outdated equipment and negligence. The utility says the...
Read More
Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 5, 2019. (AP Photo/Ronald Zak)
December 06, 2019 - 9:46 am
The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices that they hope to sustain into next year. The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and...
Read More
A man checks stock prices through his smartphone at a brokerage house in Beijing, Friday, Dec. 6, 2019. Shares swung higher in Asia on Friday after a wobbly day of trading on Wall Street as investors awaited a U.S. government jobs report and kept an eye out for developments in China-U.S. trade talks. (AP Photo/Andy Wong)
December 06, 2019 - 7:04 am
BANGKOK (AP) — Global shares rose Friday as investors awaited what's expected to be a healthy U.S. jobs report, while monitoring the China-U.S. trade talks as more tariffs are due to go into effect this month. One sign that talks between the world's two biggest economies could be thawing came...
Read More

Pages