ATHENS, Greece (AP) — Greek health authorities have banned swimming along a long line of popular Athens beaches following extensive sea pollution from the sinking of a small oil tanker five days ago. The ban covers much of a 20-kilometer (13-mile) stretch from Greece’s main port of Piraeus to Glyfada, further south, as well as … Continue reading
Explosions that rocked a Texas chemical plant after it was inundated by Harvey’s floodwaters are raising questions about the adequacy of industry preparations for the monster storm and stoking fears of more accidents in the days ahead. The owners of the plant in Crosby, Texas, warned Thursday that further explosions could come as the unstable … Continue reading
CANNON BALL, N.D. (AP) — Oil could be flowing through the $3.8 billion Dakota Access pipeline in less than two weeks, according to court documents filed by the developer just before police and soldiers started clearing a protest camp in North Dakota where pipeline opponents had gathered for the better part of a year. Energy … Continue reading
LAGOS, Nigeria (AP) — Nigeria is suing several leading oil companies for $12.7 billion of crude oil that allegedly was exported illegally to the United States between 2011 and 2014, officials said Tuesday. The Federal High Court in Lagos begins hearings next week in cases filed against Nigerian subsidiaries of U.S. multinational Chevron, British-Dutch Shell, … Continue reading
NEW YORK (AP) — U.S. stocks are making solid gains in Monday morning trading as machinery and technology companies move higher. Energy companies are up with the price of oil. KEEPING SCORE: The Dow Jones industrial average jumped 114 points, or 0.6 percent, to 18,238 as of 10:25 a.m. Eastern time. The Standard & Poor’s … Continue reading
VIENNA (AP) — OPEC is not yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to weathering the storm of slumping crude prices that threatened to bankrupt some members and called into question its relevance. After touching a 13-year low early this year, the price of oil has … Continue reading
NEW YORK (AP) — U.S. stocks are rising Tuesday afternoon as energy companies climb in tandem with the price of crude oil. Earnings reports are driving much of the action and sending materials companies higher. Health care stocks are falling on continued scrutiny of drug companies. KEEPING SCORE: The Dow Jones industrial average added 21 … Continue reading
SAN FRANCISCO (AP) — The U.S. Environmental Protection Agency is failing in its mandate to protect underground drinking water reserves from oilfield contamination, according to a federal review singling out lax EPA oversight in California, where the state routinely allowed oil companies to dump wastewater into some drinking water aquifers. The U.S. Government Accountability Office … Continue reading
TEHRAN, Iran (AP) — Iran appeared Wednesday, Feb. 17, to back a plan laid out by four influential oil producers to cap their crude output if others do the same, though it offered no indication that it has any plans to follow suit itself. The agreement reached in Doha the day before by Qatar, Saudi … Continue reading
WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change. Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected face solid opposition from … Continue reading
NEW YORK (AP) — U.S. stocks are skidding Thursday, weighed down by weakness in mining and energy companies as commodities prices fall. Stocks are heading for their sixth drop in seven days. KEEPING SCORE: The Dow Jones industrial average sank 159 points, or 1 percent, to 17,532 as of 1:25 p.m. The Standard & Poor’s … Continue reading
RICHMOND, Va. (AP) — Two environmental groups say they plan to sue over a Yorktown terminal that accepts trains carrying volatile crude oil from North Dakota’s Bakken shale region. Media outlets report that the Center for Biological Diversity and the Sierra Club’s Virginia chapter said Thursday they have given a 60-day notice of their plans … Continue reading
NEW YORK (AP) — U.S. stocks are opening solidly higher after a three-day slump. Nike surged 7 percent early Friday, the most in the Standard & Poor’s 500, after its results easily beat analysts’ estimates. The Dow Jones industrial average climbed 174 points, or 1.1 percent, to 16,376 as of 9:35 a.m. Eastern time Friday. … Continue reading
NEW YORK (AP) — Oil and gas companies led the stock market lower on Friday as the price of oil took another fall. U.S. crude sank 2.7 percent after Goldman Sachs said that the global glut of oil supply could push prices as low as $20 a barrel. Drillers had some of the biggest losses … Continue reading
NEW YORK (AP) — U.S. stocks rose in early trading on optimism that policymakers in Asia will do more to help boost growth in the region. Japan’s stock market logged its biggest gain in almost seven years after comments from the country’s Prime Minister raised expectations of more measures to shore up economic growth. China’s … Continue reading
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