Oil and gas industry

FILE - This April 24, 2014, file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. The multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, the Anchorage Daily News reported Friday, March 6, 2020. (Steffen Schmidt/Keystone via AP, File)
March 07, 2020 - 11:52 pm
KENAI, Alaska (AP) — A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said. Switzerland-based UBS Bank joined several other investment...
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Hindu devotees watch as priests perform rituals during a prayer ceremony dedicated to holy river Ganges in Varanasi, India, Friday, March 6, 2020. India is bracing for a potential explosion of coronavirus cases as authorities rush to trace, test and quarantine contacts of 31 people confirmed to have the disease. Prime Minister Narendra Modi's government said last week that community transmission is now taking place. India has shut schools, stopped exporting key pharmaceutical ingredients and urged state governments to cancel public festivities for Holi, the Hindu springtime holiday in which people douse each other with colored water and paint. (AP Photo/Rajesh Kumar Singh)
March 06, 2020 - 5:11 pm
The Dow Jones Industrial Average over the past five days: up 1,293, down 785, up 1,173, down 969, down 256. The Dow sank as many as 894 points Friday before recovering much of its losses. The VIX, an index known as Wall Street's fear barometer, touched levels not seen since the financial crisis...
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Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, arrives for a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, Friday, March 6, 2020. (AP Photo/Ronald Zak)
March 06, 2020 - 2:19 pm
VIENNA (AP) — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business. The price of oil fell sharply in international markets as a result, with...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, March 6, 2020. Asian shares are falling as fears about the virus outbreak once again dominate financial markets. (AP Photo/Kin Cheung)
March 06, 2020 - 7:30 am
TOKYO (AP) — World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak. Rumors that Chinese officials might be overstating the extent to which local businesses are getting back...
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Trader Peter Mancuso prepares for the day's trading, on the floor of the New York Stock Exchange, Thursday, March 5, 2020. (AP Photo/Richard Drew)
Associated Press
March 05, 2020 - 2:10 pm
NEW YORK (AP) — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the latest shudder in Wall Street's wildest week in more than eight years. Major indexes lost more than 3% in afternoon trading, and Treasury yields...
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A woman wearing a mask poses for photos at the bottom of the Spanish Steps, in Rome, Thursday, March 5, 2020. Italy's virus outbreak has been concentrated in the northern region of Lombardy, but fears over how the virus is spreading inside and outside the country has prompted the government to close all schools and Universities nationwide for two weeks. (AP Photo/Andrew Medichini)
March 05, 2020 - 12:51 pm
BANGKOK (AP) — The global march of the new virus triggered a vigorous appeal Thursday from the World Health Organization for governments to pull out “all the stops” to slow the epidemic, as it drained color from India's spring festivities, closed Bethlehem's Nativity Church and blocked Italians...
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Austrian rescue personnel checks the body temperature of Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, before a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, March 5, 2020. (AP Photo/Ronald Zak)
March 05, 2020 - 9:36 am
VIENNA (AP) — The oil-producing countries of the OPEC cartel are calling for a deep production cut of 1.5 million barrels per day to support prices that are sagging due to the spread of the coronavirus. The proposal, however, assumes that non-member allies like major producer Russia, who will take...
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A woman wearing a mask stands near bull sculptures depicting prosperity along a retail street in Beijing on Tuesday, March 3, 2020. Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. (AP Photo/Ng Han Guan)
March 03, 2020 - 8:24 am
LONDON (AP) — Stock markets shed some gains Tuesday after the Group of Seven countries held off announcing new measures to help the global economy cope with the disruption from the coronavirus outbreak. Traders had been keenly awaiting the outcome of a conference call of central bankers and finance...
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March 02, 2020 - 9:08 pm
ANCHORAGE, Alaska (AP) — Wells Fargo & Co. became the third major U.S. bank to announce it will not support financing for oil and gas projects in the Arctic. The bank identified the Arctic National Wildlife Refuge on Alaska’s North Slope as an area where it will not invest, The Anchorage Daily...
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A pair of specialists prepare for the day's trading activity on the floor of the New York Stock Exchange, Monday, March 2, 2020. Wall Street is set to post more losses at the opening bell, coming on top of last week's drop, which was the worst since the global financial markets over a decade ago. (AP Photo/Richard Drew)
Associated Press
March 02, 2020 - 5:37 pm
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost last week...
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