Oil and gas industry

FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 12:37 pm
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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Vice President Mike Pence leaves the White House, Sunday, Sept. 15, 2019, after a meeting in Washington. Senior U.S. officials, including the Vice President and Defense Secretary Mark Esper, were seen at the White House Sunday afternoon for a National Security Council meeting on a Saturday attack on Saudi Arabia's oil infrastructure that the U.S. has attributed to Iran. (AP Photo/Jacquelyn Martin)
September 16, 2019 - 9:46 am
WASHINGTON (AP) — Tensions are flaring in the Persian Gulf after President Donald Trump said the U.S. is "locked and loaded" to respond to a weekend drone assault on Saudi Arabia's energy infrastructure that his aides blamed on Iran. The attack, which halved the kingdom's oil production and sent...
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A currency trader watches the computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, Sept. 16, 2019. An attack on a critical Saudi Arabia oil plant has pushed crude prices sharply higher, though they moderated on expectations that reserves will help bridge any shortfalls in output.(AP Photo/Lee Jin-man)
September 16, 2019 - 7:23 am
BEIJING (AP) — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Shanghai's index was unchanged...
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FILE - In this May 24, 2016 file photo, Republican then-presidential candidate Donald Trump speaks at a campaign event in Albuquerque, N.M. New Mexico law enforcement agencies are prepping for an upcoming Trump rally in Rio Rancho, N.M. on Monday, Sept. 16, 2019, three years after previous ones turned violent in Albuquerque. (AP Photo/Brennan Linsley, File)
September 16, 2019 - 6:02 am
SANTA FE, N.M. (AP) — Donald Trump lost New Mexico by 8 percentage points in 2016. Last year, his party lost a House seat and the governor's mansion. Last week, a congressional candidate went viral by taunting the president by name in an ad. Still, Trump is headed to New Mexico on Monday for a...
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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 16, 2019 - 12:44 am
Oil prices surged Monday after an attack on Saudi Arabia's largest oil processing plant halted output of more than 5.7 million barrels of crude a day. But after an initial spike, crude oil prices moderated as traders analyzed the likely longer-term implications. By late morning in Asia on Monday, U...
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Vice President Mike Pence arrives to the West Wing of the White House, Sunday, Sept. 15, 2019, in Washington. (AP Photo/Jacquelyn Martin)
September 15, 2019 - 11:02 pm
DUBAI, United Arab Emirates (AP) — The Latest on the tensions in the Persian Gulf a day after Iran-backed Yemeni rebels attacked major oil sites in Saudi Arabia (all times local): 4 a.m. President Donald Trump appears to be disputing the comments of senior aides, including Secretary of State Mike...
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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 Abaqaiq oil processing facility 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 15, 2019 - 9:10 pm
DUBAI, United Arab Emirates (AP) — A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom's oil production threatened Sunday to fuel a regional crisis, as the U.S. released new evidence to back up its allegation that Iran was responsible for the assault...
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FILE - In this May 24, 2016 file photo, Republican then-presidential candidate Donald Trump speaks at a campaign event in Albuquerque, N.M. New Mexico law enforcement agencies are prepping for an upcoming Trump rally in Rio Rancho, N.M. on Monday, Sept. 16, 2019, three years after previous ones turned violent in Albuquerque. (AP Photo/Brennan Linsley, File)
September 15, 2019 - 1:40 pm
SANTA FE, N.M. (AP) — Donald Trump lost New Mexico by 8 percentage points in 2016. Last year, his party lost a House seat and the governor's mansion. Last week, a congressional candidate went viral by taunting the president by name in an ad. Still, Trump is headed to New Mexico on Monday for a...
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In this image made from a video broadcast on the Saudi-owned Al-Arabiya satellite news channel on Saturday, Sept. 14, 2019, a man walks through a parking lot as the smoke from a fire at the Abqaiq oil processing facility can be seen behind him in Buqyaq, Saudi Arabia. Drones launched by Yemen's Houthi rebels attacked the world's largest oil processing facility in Saudi Arabia and another major oilfield Saturday, sparking huge fires at a vulnerable chokepoint for global energy supplies. (Al-Arabiya via AP) TV OUT NO SALES
September 14, 2019 - 9:54 pm
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...
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This Saturday, Sept. 14, 2019, satellite image provided by NASA Worldview shows fires following Yemen's Houthi rebels claiming a drone attack on two major oil installations in eastern Saudi Arabia. The drones attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early Saturday, sparking a huge fire at a processor crucial to global energy supplies. The island shown in the image is Bahrain, while the peninsula in the image is Qatar. (NASA Worldview via AP)
September 14, 2019 - 7:12 pm
DUBAI, United Arab Emirates (AP) — The Latest on the explosion and fire at a major oil facility in Saudi Arabia (all times local): 3:10 a.m. The U.S. Energy Department says the U.S. "stands ready to deploy resources from the Strategic Petroleum Oil Reserves if necessary to offset any disruptions to...
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