Oil and gas industry

The Saudi military displays what they say are an Iranian cruise missile and drones used in recent attack on its oil industry at Saudi Aramco's facilities in Abqaiq and Khurais, during a press conference in Riyadh, Saudi Arabia, Wednesday, Sept. 18, 2019. (AP Photo/Amr Nabil)
September 18, 2019 - 12:46 pm
RIYADH, Saudi Arabia (AP) — Saudi Arabia alleged Wednesday an attack by drones and cruise missiles on the heart of the kingdom's oil industry was "unquestionably sponsored by Iran," naming but not directly accusing Tehran of launching the assault. Iran denies being involved in the attack claimed by...
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September 18, 2019 - 11:32 am
SOFIA, Bulgaria (AP) — Bulgaria has signed 1.1 billion-euro construction contract ($1.2 billion) with a Saudi-led group for a natural gas pipeline that would link to the TurkStream pipeline project. The contract inked on Wednesday is for a 474-kilometer (296-mile) pipeline that would run from...
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Workers refuel the tank at a gas station in Jiddah, Saudi Arabia, Tuesday, Sept. 17, 2019. U.S. President Donald Trump declared Monday that it "looks" like Iran was behind the explosive attack on Saudi Arabian oil facilities. He stressed that military retaliation was not yet on the table in response to the strike against a key U.S. Mideast ally. (AP Photo/Amr Nabil)
September 18, 2019 - 11:29 am
NEW YORK (AP) — The price of oil fell again Wednesday after the Saudi government said half of the production knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude fell about $1 to $58.29 per barrel in early trading. Brent crude, the international benchmark,...
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File -- In this Friday, May 17, 2019 photo a training ship for Saudi Arabia's border guard is pictured at the Peene shipyard in Wolgast, northern Germany. The German government extended the export ban on military equipment for Saudia Arabia until March 31, 2020. (Stefan Sauer/dpa via AP, file)
September 18, 2019 - 10:15 am
BERLIN (AP) — Germany has extended its ban on defense industry exports to Saudi Arabia for another six months, despite some calls for it to be relaxed in the wake of the recent attacks on the country's oil production facilities. The government said Wednesday the ban had been extended for six months...
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A woman stands near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, Sept. 18, 2019. Asian stock prices rose Wednesday after oil prices fell back and Wall Street advanced. (AP Photo/Eugene Hoshiko)
September 18, 2019 - 8:24 am
BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong...
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This image provided on Sunday, Sept. 15, 2019, by the U.S. government and DigitalGlobe and annotated by the source, shows damage to the infrastructure at Saudi Aramco's Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia's Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom's crude oil production per day, equivalent to more than 5% of the world's daily supply. (U.S. government/Digital Globe via AP)
September 17, 2019 - 8:56 pm
DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 10 p.m. Saudi Arabia's energy minister says 50% of the production cut by the attack on its oil processing plant has been restored...
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President Donald Trump speaks during a campaign rally at the Santa Ana Star Center, Monday, Sept. 16, 2019, in Rio Rancho, N.M. (AP Photo/Evan Vucci)
September 17, 2019 - 6:47 pm
WASHINGTON (AP) — The Trump administration tried to balance diplomacy with fresh talk of military action Tuesday in response to the fiery missile and drone attack on the heart of Saudi Arabia's oil industry — a strike marking the most explosive consequence yet of the "maximum pressure" U.S...
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This Feb. 14, 2019, photo released by Caltrans District 3 shows a 7-mile back up on the South bound Interstate 5, as it reopens to traffic in Maxwell in Colusa County, Calif. The Trump administration is poised revoke California’s authority to set auto mileage standards, asserting that only the federal government has the power to regulate greenhouse gas emissions and fuel economy. (Caltrans District 3 via AP)
September 17, 2019 - 6:01 pm
WASHINGTON (AP) — The Trump administration is poised to revoke California's authority to set auto mileage standards, asserting that only the federal government has the power to regulate greenhouse gas emissions and fuel economy. Conservative and free-market groups have been asked to attend a formal...
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A commuter walks past a huge sign of the new pump prices of gasoline and diesel following its implementation Tuesday, Sept. 17, 2019, in suburban Valenzuela city north of Manila, Philippines. Monday saw another round of oil price increase in the country which energy officials said is not related to the recent attacks in Saudi Arabia but has cautioned the public to brace for more spikes in the coming days. (AP Photo/Bullit Marquez)
September 17, 2019 - 2:36 pm
DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 17, 2019. Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia’s biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. (AP Photo/Ahn Young-joon)
September 17, 2019 - 6:59 am
BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing...
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