Oil and gas 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 - 5:19 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...
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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...
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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...
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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...
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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...
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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...
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FILE - In this Nov. 3, 2019, file photo, a man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, set a share price for its IPO, that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)
December 05, 2019 - 3:07 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it will sell its shares at 32 riyals ($8...
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Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for 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 05, 2019 - 9:54 am
VIENNA (AP) — The countries that make up the OPEC oil-producing cartel are meeting Thursday to decide whether to cut down on their production and push up prices of fuel and energy around the world. The group is expected to prolong production cuts they’ve agreed on for the past three years, though...
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December 05, 2019 - 4:36 am
NICOSIA, Cyprus (AP) — The president of Cyprus says authorities are launching legal action at the International Court of Justice in the Hague against Turkey’s exploratory gas drilling inside Cypriot waters. President Nicos Anastasiades said Thursday this is part of his government’s pledge to use “...
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FILE - In this June 13, 2014, file photo, Naftogaz chief executive officer Andriy Kobolyev speaks during a news conference in Kyiv, Ukraine. Federal prosecutors have interviewed the head of Ukraine’s state-owned gas company as part of an ongoing probe into the business dealings of Rudy Giuliani and two of his Soviet-born business associates. (AP Photo/Sergei Chuzavkov, File)
December 04, 2019 - 3:17 pm
WASHINGTON (AP) — Federal prosecutors have interviewed the head of Ukraine’s state-owned gas company as part of an investigation into the business dealings of President Donald Trump’s personal lawyer Rudy Giuliani and two of Giuliani’s business associates. Andriy Kobolyev met voluntarily with...
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