Energy in America

Norwegian energy producer to expand North Sea field output

Norway's largest oil and gas company says it will invest an estimated 7.8 billion kroner ($936 million) to further develop an offshore oil and gas field beyond 2050 to strengthen the country's ability to supply Europe with gas.

The Latest: South Carolina utility rate cut gets board's OK

The Latest on an effort to stop a utility rate cut enacted by South Carolina regulators (all times local): 5:55 p.m. Customers of South Carolina Electric & Gas Co. appear likely to get a 15-percent rate cut after the state's Public Service Commission voted to enact the reduction ordered by lawmakers following a multi-billion dollar failed nuclear project.

Asian markets tumble as China-US trade tensions rise

U.S. stocks slid in early trading Monday, weighed down by concerns over escalating global trade tensions, weak economic data from Asia and an election result in Mexico that's likely to complicate talks on renegotiating the NAFTA trade agreement.

Trump claims Saudi Arabia will boost oil production

President Donald Trump says he has received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up to 2,000,000 barrels," in response to turmoil in Iran and Venezuela.

Business Highlights

___ How your smart fridge might be mining bitcoin for criminals LONDON (AP) — A raft of recent cyber-security firms and governments now cite the rising trend of 'crypto-jacking' — in which devices are infected with invisible malicious cryptocurrency mining software that uses the computing power of victims' devices to mine virtual currency — as the main cyber security threat to businesses and consumers worldwide.