Australia battles 'catastrophic' wildfires as PM rushes home

PERTH, Australia (AP) — Australia’s most populous state was paralyzed by “catastrophic” fire conditions Saturday amid souring temperatures, while one person died as wildfires also ravaged the country’...

AP Explains: Iran gas price protests quickly turn violent

DUBAI, United Arab Emirates (AP) — Protests over gasoline prices have swept across some 100 cities and towns in Iran, turning violent faster than widespread economic protests in 2017 and rallies over ...

World's thirst for oil to keep growing until 2030s

PARIS (AP) — An important global energy forecast says the world's thirst for oil will continue to grow until the 2030s and climate-damaging emissions will keep climbing until at least 2040. ...

World's renewable energy capacity set to increase by half in 5 years

TAIPEI (Taiwan News) — The International Energy Agency's (IEA) Renewables 2019 market report was released Monday (Oct. 21) and predicts the world’s renewable-based power capacity will ...

Oil price jumps after missiles hit Iranian tanker

LONDON (AP) — Energy prices are up after an apparent attack on an Iranian tanker revived concerns about instability in the oil-rich region. The international benchmark for oil rose 1...

OPEC weighs extension of output cuts amid slackening demand

VIENNA (AP) — The oil producers' cartel, OPEC, is considering a six- to nine-month extension of its current deal to cut production, facing a weaker demand outlook due to slowing global growth. ...

Energy stocks swing with economic signals, Mideast tensions

NEW YORK (AP) — Energy stocks have gone along with oil prices on a wild ride this quarter. Oil prices steadily rose through April and then sank as the trade war between the U.S. and ...

International Energy Agency: nuclear needed for climate goal

BERLIN (AP) — The International Energy Agency says the premature closure of nuclear power plants and failure to build new ones could make it harder to meet global targets for cutting greenhouse gas em...

CEO of oil group sees no slowdown in US production

The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific consensus t...

After years of promise, battery cars about to go mainstream

GENEVA (AP) — For years, there have been lots of electric cars proudly rolled out at auto shows but few on the streets or at dealers. That could be about to change. The electric cars...

AP Explains: US sanctions to hit Venezuelan oil company

NEW YORK (AP) — The Trump administration has imposed sanctions on Venezuela's state-owned oil company, Petroleos de Venezuela SA, its harshest economic punishment to date against the government of Pre...

AP Explains: What a Venezuelan oil embargo could mean for US

NEW YORK (AP) — Diplomatic relations between U.S. and Venezuela have hit a new low over President Donald Trump's decision to recognize the leader of the South American country's opposition as its legi...

Energy agency: Global oil supply jumps, sending prices lower

FRANKFURT, Germany (AP) — The International Energy Agency says global oil supplies are growing rapidly as Saudi Arabia, the United States and Russia pump oil at a record rate in response to the higher...

West Texas an 'extraction colony' as oil, gas exports surge

MIDLAND, Texas (AP) — Drilling booms have come and gone in this oil town for nearly a century. But the frenzy gripping it now is different. Overwhelming. Drilling rigs tower over suburban backyards. T...

Business Highlights

___ China says Washington asks to resume talks on tariff fight BEIJING (AP) — China's government says Washington has asked to resume negotiations on their worsening...