Energy industry

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 - 11:36 am
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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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 - 11:02 am
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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FILE - In this Sept. 13, 2019, file photo trader Timothy Nick, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 17. (AP Photo/Richard Drew)
September 17, 2019 - 8:58 am
NEW YORK (AP) — U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back some of Monday's gains as the price of oil retreated. U.S...
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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 16, 2019 - 11:55 pm
BANGKOK (AP) — Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody's downgraded Hong Kong, citing the city's recent political turmoil. The U.S. and international benchmarks for crude fell back slightly after vaulting more than 14%...
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In this picture released by the official website of the office of the Iranian supreme leader, Supreme Leader Ayatollah Ali Khamenei, left, greets Iraqi Shiite cleric Muqtada al-Sadr during a mourning ceremony commemorating Ashoura, the death anniversary of Hussein, the grandson of Prophet Muhammad, in Tehran, Iran, Tuesday, Sept. 10, 2019. Shiite Muslims around the world are observing Ashoura, one of the most sacred religious holy days for their sect, which commemorates the death of Hussein, at the Battle of Karbala in present-day Iraq in the 7th century. (Office of the Iranian Supreme Leader via AP)
September 16, 2019 - 11:49 pm
TEHRAN, Iran (AP) — Iran's supreme leader announced on Tuesday that "there will be no talks with the U.S. at any level" — remarks apparently meant to end all speculation about a possible U.S.-Iran meeting between the two countries' presidents at the U.N. later this month. Iranian state TV quoted...
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FILE - In this Saturday, Dec. 22, 2018, file photo, a guest takes a puff of a cannabis vape pen during a marijuana event in downtown Los Angeles. A short walk from police headquarters in the heart of downtown, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit, and potentially dangerous, marijuana vapes that have infected California's cannabis market and possibly sickened dozens of people. (AP Photo/Richard Vogel, File)
September 16, 2019 - 10:29 pm
LOS ANGELES (AP) — A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California's cannabis market. Bootleggers eager to profit...
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President Donald Trump arrives to speak at a campaign rally at the Santa Ana Star Center, Monday, Sept. 16, 2019, in Rio Rancho, N.M. (AP Photo/Evan Vucci)
September 16, 2019 - 7:03 pm
RIO RANCHO, N.M. (AP) — President Donald Trump rallied his supporters in New Mexico on Monday and talked up his chances of turning the state red as part of his efforts to expand his grip on the Electoral College in next year's presidential election. "It's been a while since a Republican won" New...
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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 - 5:11 pm
WASHINGTON (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): 5:10 p.m. Saudi Arabia says its initial investigations indicate that Iranian weapons were used in attacks on key oil installations and it "will...
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In this photo provided by the Kenosha County Sheriff's Office, Tyler Huffhines is pictured in a booking photo. Huffhines is accused of manufacturing thousands of counterfeit vaping cartridges a day with THC oil for almost two years, running the operation with 10 employees, authorities said. (Kenosha County Sheriff's Office via AP)
September 16, 2019 - 2:55 pm
MILWAUKEE (AP) — A Wisconsin man suspected of running an illegal operation to manufacture vaping cartridges flew to California last month to get THC oil in bulk to fill thousands of cartridges to sell, prosecutors said Monday in charging documents. Authorities in Kenosha, Wisconsin, arrested 20-...
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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 - 9:37 am
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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