Oil and gas industry

FILE - This April 18, 2013 aerial file photo, shows the remains of a nursing home, left, apartment complex, center, and fertilizer plant, right, destroyed by an explosion at a fertilizer plant in West, Texas. Images of a massive explosion in the Lebanese capital looked depressingly familiar to West, Texas Mayor Tommy, whose small town in 2013 was partly leveled by one of the deadliest fertilizer plant explosions in U.S. history. "I don't know what people were thinking about storing that stuff," Muska said, Wednesday, Aug. 5, 2020. (AP Photo/Tony Gutierrez, File)
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August 05, 2020 - 5:30 pm
AUSTIN, Texas (AP) — The staggering videos from the Lebanese capital are grimly familiar to Tommy Muska thousands of miles away in Texas: a towering blast, a thundering explosion and shock waves demolishing buildings with horrifying speed. It is what the mayor of West, Texas, lived seven years ago...
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Cloud computing company Rackspace begins trading at the Nasdaq following its initial public offering, Wednesday, Aug. 5, 2020, in New York's Times Square. (AP Photo/Mark Lennihan)
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August 05, 2020 - 3:05 pm
NEW YORK (AP) — Stocks are rising again on Wall Street Wednesday, and the S&P 500 is ticking closer to its record high as it tries for a fourth straight gain. The S&P 500 was 0.6% higher in late trading, following up on gains in European markets and across much of Asia. It’s back within 2%...
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This undated photograph provided by the family of Jamshid Sharmahd shows the 65-year-old man from Glendora, California. Iran abducted Sharmahd, a leader of a California-based Iranian militant exile group, while he was in Dubai, United Arab Emirates, and apparently smuggled him into Oman before bringing him to the Islamic Republic, his family told The Associated Press on Tuesday, Aug. 4, 2020. Iran has only said they detained Sharmahd in what it describes as a "complex operation." (Sharmahd family via AP)
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August 04, 2020 - 7:10 am
DUBAI, United Arab Emirates (AP) — A California-based member of an Iranian militant opposition group in exile was abducted by Iran while staying in Dubai, his family said Tuesday. The suspected cross-border abduction of Jamshid Sharmahd appears corroborated by mobile phone location data, shared by...
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FILE - In this Tuesday, July 7, 2020 file photo, pedestrians wearing protective masks during the coronavirus pandemic pass by the New York Stock Exchange in New York. Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday, Aug. 3, 2020 trading following encouraging reports from around the world on the economy. (AP Photo/Frank Franklin II, File)
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August 03, 2020 - 4:38 pm
NEW YORK (AP) — Stocks started August with more gains, and a worldwide rally on Monday sent Wall Street back to where it was just a couple days after it set its record earlier this year. The S&P 500 tacked 0.7% more onto its four-month winning streak, and Big Tech once again led the way. The...
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FILE - In this photo made on Wednesday, April 25, 2018, the prices for regular gas and diesel are posted at a Speedway station in Zelienople, Pa. The $21 billion sale of Speedway gas stations buys Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, Aug. 3, 2020 with a lack of demand for fuel leading to refinery shutdowns. (AP Photo/Keith Srakocic, file)
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August 03, 2020 - 1:08 pm
SILVER SPRING, Md. (AP) — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday...
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August 02, 2020 - 6:38 pm
MEXICO CITY (AP) — Mexican police and military forces on Sunday arrested the leader of the Santa Rosa de Lima gang who spread violence through north-central Mexico and fought a years-long bloody turf battle with the Jalisco cartel. The armed forces and officials in the state of Guanajuato said they...
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FILE - In this June 30, 2020, file photo Rep. Adam Schiff, D-Calif., Chairman of the House Intelligence Committee, right, listens as Rep. Eliot Engel, D-N.Y., Chairman of the House Committee on Foreign Affairs, speaks during a news conference on Capitol Hill, after a meeting at the White House in Washington. The House Foreign Affairs Committee has subpoenaed Secretary of State Mike Pompeo for documents he turned over to a Senate panel that is investigating Hunter Biden, the son of Democratic presidential candidate Joe Biden. Engel said Friday, July 31, he had issued the subpoena as part an investigation into Pompeo's “apparent use of Department of State resources to advance a political smear of former Vice President Joe Biden.” (AP Photo/Alex Brandon, File)
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July 31, 2020 - 4:29 pm
WASHINGTON (AP) — The House Foreign Affairs Committee has subpoenaed Secretary of State Mike Pompeo for documents he turned over to a Senate panel that is investigating Hunter Biden, a son of Democratic presidential candidate Joe Biden. Committee Chair Eliot Engel said Friday he had issued the...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)
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July 31, 2020 - 1:53 pm
NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...
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A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)
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July 31, 2020 - 12:16 am
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout...
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President Donald Trump adjusts his jacket as he stands with Double Eagle Energy co-CEOs Cody Campbell, left, and John Sellers, right before viewing the Double Eagle Energy Oil Rig, Wednesday, July 29, 2020, in Midland, Texas. (AP Photo/Evan Vucci)
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July 29, 2020 - 8:21 pm
MIDLAND, Texas (AP) — President Donald Trump took sweeping digs at “crazy left radical Democrats” on a trip Wednesday to the fracking fields of West Texas, launching unsubstantiated claims that a Democratic administration would destroy everything from the country's suburbs to the U.S. energy...
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