Posts Tagged Energy industry

Oil falls on worries about US gasoline demand

The price of oil fell near $102 a barrel Thursday, erasing gains from the day before.

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US stock futures slip to start the week

This July 15, 2013 file photo shows a sign for Wall Street outside the New York Stock Exchange, in New York. World stock markets remained on the back foot Monday, July 21, 2014, as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors’ attention.

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AP NewsBreak: Obama opens East Coast to oil search

ST. AUGUSTINE BEACH, Fla. (AP) — Opening the Eastern Seaboard to offshore oil exploration for the first time in decades, the Obama administration on Friday approved the use of sonic cannons to discover deposits under the ocean floor by shooting sound waves 100 times louder than a jet engine through waters shared by endangered whales and turtles.

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