oil

Trader Gregory Rowe prepares for the day's activity on the floor of the New York Stock Exchange, Monday, March 9, 2020. (AP Photo/Richard Drew)
(AP Photo/Richard Drew)
AP News
March 09, 2020 - 10:19 am
By STAN CHOE AP Business Writer NEW YORK (AP) — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus. The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks...
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FILE- In this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. The global benchmark for crude oil rose above $70 a barrel on Monday.  (AP Photo/Hasan Jamali, File)
(AP Photo/Hasan Jamali, File)
AP News
January 06, 2020 - 9:24 am
MATT O'BRIEN Associated Press Eds: UPDATES: Adds new photo. PROVIDENCE, Rhode Island (AP) — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The...
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This Nov. 19, 2015 file photo, shows a general view of a petrochemical complex in the South Pars gas field in Asalouyeh, Iran, on the northern coast of Persian Gulf.  (AP Photo/Ebrahim Noroozi)
(AP Photo/Ebrahim Noroozi)
AP News
January 03, 2020 - 6:45 am
By CARLO PIOVANO Associated Press LONDON (AP) — The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran's top general. News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed in an air...
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(Mandel Ngan/Pool via AP)
AP News
September 21, 2019 - 7:29 am
By LOLITA C. BALDOR and ROBERT BURNS Associated Press WASHINGTON (AP) — The Pentagon on Friday announced it will deploy additional U.S. troops and missile defense equipment to Saudi Arabia and the United Arab Emirates, as President Donald Trump has at least for now put off any immediate military...
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(Mandel Ngan/Pool Photo via AP)
AP News
September 18, 2019 - 6:18 pm
By ROBERT BURNS AP National Security Writer WASHINGTON (AP) — Saudi Arabia spent billions to protect a kingdom built on oil but could not stop the suspected Iranian drone and missile attack, exposing gaps that even America's most advanced weaponry failed to fill. In addition to deciding whether...
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(AP Photo/Amr Nabil)
AP News
September 17, 2019 - 3:30 pm
By AYA BATRAWY and JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — Saudi Arabia's energy minister said Tuesday that more than half of its daily crude oil production that was knocked out by a weekend attack had been restored and that full production is expected by the end of the...
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Getty Images
Jeff Katz
September 16, 2019 - 2:44 pm
President Donald Trump assured Americans there would be "plenty of oil" after the drone attacks on Saudi Arabia's oil production facilities. The president authorized the release of strategic oil reserves in order to keep the American oil market "well-supplied." ....sufficient to keep the markets...
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Getty Images
Jeff Katz
September 16, 2019 - 11:48 am
According to Bloomberg, the recent drone strike on Saudi Arabian oil production facilities was worst fears come true for those monitoring threats to the United States. The small, inexpensive drones that were reportedly used in the strike are able to fly long distances, evade air defense systems and...
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(U.S. Fish and Wildlife Service via AP, File)
AP News
September 12, 2019 - 12:56 pm
By MATTHEW DALY, Associated Press Writer WASHINGTON (AP) — The Democratic-controlled House on Thursday voted to reinstate a decades-long ban on oil and gas drilling in Alaska's Arctic National Wildlife Refuge -- a largely symbolic move aimed at reversing a plan by President Donald Trump to drill in...
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(AP Photo/Mark Lennihan, File)
AP News
September 11, 2019 - 2:48 pm
By CLIFF BRUNT, Associated Press OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his...
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