• This Jan. 30, 2012, file photo, shows the sign for the Exxon Mobil Torrance Refinery in Torrance, Calif. Exxon Mobile Corp. reports financial results Friday, July 29, 2016. (AP Photo/Reed Saxon, File)

    Cheaper oil sends Exxon, Chevron to worst quarter in years

    DALLAS (AP) — Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders.

  • US rig count up 1 this week to 463

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 463.

  • Recalls this week: Children’s nightgowns, wall ovens

    Heat wraps, children’s nightgowns and electric wall ovens are among this week’s recalled consumer products.

  • This Oct. 2, 2014, file photo shows the facade of the New York Stock Exchange. Stock markets around the world are ending the week on a flat note after the Bank of Japan disappointed investors Friday, July 29, 2016, with a smaller than anticipated stimulus. However, the yen surged following Friday's decision. (AP Photo/Richard Drew, File)

    Stocks fall after Bank of Japan’s stimulus plans disappoint

    NEW YORK (AP) — Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google’s parent Alphabet and retailer Amazon and a modest recovery in oil prices.

  • This Feb. 26, 2015 photo, shows an oil well on the Fort Berthold Indian Reservation near Mandaree, North Dakota. U.S. officials announced plans Thursday, July 28, 2016, to speed up permitting for oil and gas drilling on federal and American Indian lands to reduce delays, as applications were projected to be down amid an ongoing price slump. (AP Photo/Matthew Brown)

    AP Newsbreak: US oil, gas applications could drop 40 percent

    BILLINGS, Mont. (AP) — U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average amid an ongoing price slump.

  • Correction: Nigeria-Oil Attacks story

    WARRI, Nigeria (AP) — In a story published July 27 about the arrest of a publisher in Nigeria, The Associated Press reported erroneously that the detainee was publisher of The Source. Jones Abiri is publisher of the Weekly Source newspaper, not The Source weekly news magazine.

  • Specialists Dilip Patel, left, and Glenn Carell work at a post on the floor of the New York Stock Exchange, Wednesday, July 27, 2016. The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. (AP Photo/Richard Drew)

    US stock indexes slip; Apple jumps on strong earnings

    HONG KONG (AP) — Asian stock markets were mostly lower Thursday as investors digested an upbeat Fed assessment of the U.S. economy that raised the prospect of further rate hikes as they anticipate more stimulus from Japan.

  • People cross a street in front of an electronic stock indicator of a securities firm in Tokyo, Tuesday, July 26, 2016. Chinese stocks gained Tuesday but other Asian markets fell after Wall Street declined on losses for energy stocks. (AP Photo/Shizuo Kambayashi)

    Stocks slightly higher as investors monitor company earnings

    SEOUL, South Korea (AP) — Asian stocks were mixed on Wednesday ahead of the Federal Reserve’s policy statement, as strong U.S. economic data raised questions over the likely course for interest rates.

  • New Mexico permanent funds shrink amid energy bust

    SANTA FE, N.M. (AP) — New Mexico Gov. Susana Martinez indicated Tuesday that the state may be headed toward a special legislative session to address dwindling state operating reserves.

  • The Solar Impulse 2 plane flies over Abu Dhabi, United Arab Emirates, shortly before landing on Tuesday, July 26, 2016. The world's first ever round-the-world flight to be powered solely by the sun's energy made history with its landing in the Emirati capital, where it first took off more than a year ago. (AP Photo/Adam Schreck)

    Solar plane’s arrival highlights UAE’s clean-energy push

    ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy.