Energy industry

A few lights shine in the buildings of the banking district in background in Frankfurt, Germany, Thursday, April 23, 2020. Due to the coronavirus the economy expects heavy losses. (AP Photo/Michael Probst)
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April 23, 2020 - 10:59 pm
TOKYO (AP) — Asian shares are lower Friday after an early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery are. Japan's benchmark Nikkei 225 slipped 0.8% in morning trading to 19,270.04. South Korea's Kospi lost 0...
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FILE - In this Sept. 9, 2019, file photo Deputy Energy Secretary Dan Brouillette is interviewed on stage at the World Energy Congress in Abu Dhabi, United Arab Emirates. The Trump administration on Thursday, April 23, 2020, urged government intervention to rescue U.S. uranium mining and nuclear fuel industries in a tough global marketplace, from making it easier to mine public lands out West to blocking some imports of foreign nuclear fuel. Brouillette said the United States risked losing position in the industry globally, costing it leverage when it comes to encouraging safe nuclear use around the world. (AP Photo/Jon Gambrell, File)
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April 23, 2020 - 1:21 pm
WASHINGTON (AP) — The Trump administration on Thursday urged government intervention to rescue U.S. uranium mining and nuclear fuel industries in a tough global marketplace, from making it easier to mine public lands out West to blocking some imports of foreign nuclear fuel. The recommendations,...
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FILE - In this photo taken Monday, March 16, 2020, tugboats push a 300,000-ton very large crude carrier (VLCC) to a shipyard on the Yangtze River for retrofit in Qidong city in east China's Jiangsu province China. China, the world’s biggest energy consumer, is taking advantage of a plunge in global oil prices due to the coronavirus outbreak to build up its stockpiles of crude. Imports rose 4.5% in March over a year earlier even as the world’s second-largest economy shut down to fight the virus and demand collapsed. (Chinatopix Via AP, File)
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April 22, 2020 - 11:22 pm
BEIJING (AP) — China, the world’s biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak. Imports rose 4.5% in March over a year earlier even as the world’s second-largest economy shut down to fight the virus and demand collapsed. For...
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A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 22, 2020. Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting economic damage. (AP Photo/Ahn Young-joon)
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April 22, 2020 - 5:01 pm
NEW YORK (AP) — Stock rose on Wednesday, and the S&P 500 recovered a chunk of this week’s sharp losses as a bit of oxygen pumped through markets around the world. Even oil gained ground, pulling further away from zero after earlier getting turned upside down amid a collapse in demand. Stocks...
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FILE - In this Nov. 18, 2019, file photo, Pacific Gas & Electric CEO Bill Johnson speaks during an oversight hearing of the Energy, Utilities and Communications committee at the Capitol in Sacramento, Calif. Johnson will step down from the job just 14 months after the nation's largest utility hired him to rescue it from a crippling financial mess caused by a long history of negligence and chance a corporate culture that had emphasized profits over safety. The announcement Wednesday, April 22, 2020, that the 66-year-old Johnson will retire June 30 comes as PG&E tries to push through its plan to end a stint in bankruptcy that was triggered by a series of deadly wildfires ignited by its decaying electrical grid. (AP Photo/Rich Pedroncelli, File)
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April 22, 2020 - 4:23 pm
BERKELEY, Calif. (AP) — PG&E Corp. CEO Bill Johnson will step down from his job just 14 months after the nation's largest utility hired him to rescue it from a financial mess caused by a history of negligence and to change a corporate culture that emphasized profits over safety. Johnson's June...
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Oil tank train cars sit idle Tuesday, April 21, 2020, in East Chicago, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month. (AP Photo/Charles Rex Arbogast)
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April 22, 2020 - 12:03 am
BEIJING (AP) — Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting economic damage. Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall...
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FILE - In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks at a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. The Trump administration will announce Thursday, March 26, 2020, indictments against Maduro and members of his inner circle for effectively converting Venezuela's state into a criminal enterprise at the service of drug traffickers and terrorist groups, according to multiple people familiar with the situation. (AP Photo/Matias Delacroix, File)
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April 21, 2020 - 10:34 pm
CARACAS, Venezuela (AP) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power...
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Volunteers for the Edible London food project remove the plastic packaging and check the quality of donated bananas to be put in food packs and delivered to residents who need it in the Haringey Council area, at a hub setup as a result of coronavirus inside the Alexandra Palace venue, in north London, Tuesday, April 21, 2020. The highly contagious COVID-19 coronavirus has impacted on nations around the globe, many imposing self isolation and exercising social distancing when people move from their homes. (AP Photo/Matt Dunham)
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April 21, 2020 - 5:34 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ________________________ OPEN: There has been a lot of controversy over when it will be...
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Petroleum storage tanks at the BP Indiana Tank Field are seen behind a security gate Tuesday, April 21, 2020, in Whiting, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.(AP Photo/Charles Rex Arbogast)
1010 WINS Newsroom
April 21, 2020 - 4:58 pm
NEW YORK (AP) — A barrel of oil now costs less than a cheap bottle of wine. U.S. benchmark crude was trading as low as $6.50 a barrel Tuesday, more than 80% lower than the start of the year. The dizzying drop reflected stark suffering in the global economy that has left vastly diminished demand for...
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Following social distancing rules and wearing face coverings, visitors hike through Enchanted Rock State Park, Monday, April 20, 2020, in Fredericksburg, Texas. Texas state parks are reopened to the public Monday after they had been closed due to the COVID-19 pandemic, but visitors must follow social distancing rules and wear a facial covering or mask. (AP Photo/Eric Gay)
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April 20, 2020 - 11:46 pm
SEATTLE (AP) — Boeing and at least one other U.S. heavy-equipment manufacturer resumed production and some states rolled out aggressive reopening plans Monday, despite nationwide concerns there is not enough testing yet to keep the coronavirus from rebounding. In one of the most forceful moves yet...
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