oil

The first of five tankers loaded with gasoline sent from Iran has reached Venezuelan waters

More than two dozen oil tankers are anchored near the ports of Los Angeles and Long Beach due to decreased demand for oil amid the coronavirus pandemic.

A barrel of oil now costs less than a cheap bottle of wine

Asian shares are rising although investors were braced for a sobering first look at how the coronavirus pandemic has hurt corporate earnings and the Chinese economy, the driver of growth for the region

OPEC, Russia and other oil-producing nations have finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war.

The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the matter told CNBC, amid mounting tensions between Saudi Arabia and Russia. The meeting will now “likely” be held on Thursday, sources said. The Monday meeting was set after President Donald Trump said to CNBC on Thursday that he expected Russian President Vladimir Putin...

President Donald Trump spoke at a press conference on Monday alongside Vice President Mike Pence and the administration’s Coronavirus Task Force. Trump announced “dramatic” economic measures would be proposed to Congressional leadership on Tuesday. In the United States, the coronavirus has infected more than 600 people and killed more than 26.

No one knows where the coronavirus will show up next, whether authorities can contain it or how much damage it will leave behind. But professional investors aren’t taking any chances.

President Donald Trump says his administration will ask Congress to pass payroll tax relief as he looks to calm financial markets’ fears over the impact of the coronavirus epidemic. Trump told reporters Monday that the administration is seeking “very substantial relief.” Trump stepped forward with the contours of an initiative after markets dropped sharply and as the outbreak spread. Several...

Stocks took their worst one-day beating on Wall Street since the global financial crisis of 2008 as a collapse in oil prices Monday combined with mounting alarm over what the coronavirus could do to the world economy. The staggering losses, including a 7.8% tumble in the Dow Jones Industrial Average, immediately raised fears that a recession might be on the…

Trading in U.S. stocks was temporarily halted on Monday and none of the major indices were able to recover by the end of the day. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite were all down down more than 7% when trading closed.

The state oil giant Saudi Aramco saw its shares drop by 10% as Riyadh’s stock market opened on Monday, halting trading.

The global benchmark for crude oil has risen above $70 a barrel for the first time in over three months. The increase came amid jitters over the escalating military tensions between Iran and the United States after an American drone strike killed Iranian Gen. Qasem Soleimani.

The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general.

A top adviser to Syria’s president says the United States has no right to Syria’s oil and has warned of “operations” against American troops guarding the oil fields, NBC News reports. Bouthaina Shaaban, who is a political and media adviser to Bashar al-Assad, recently told NBC News that the U.S. has “absolutely no right; it is our oil.” “He’s...

A significant storm headed for New England is expected to bring heavy snow to the region. When there’s snow in the forecast, rock salt, shovels and all things winter are the hottest items at hardware stores. “Got some oil for my snow blower,” one woman said. “Loading up on my rock salt” said Mike Caribo. “I’m picking up a couple...

More evidence from the Centers for Disease Control and Prevention links synthetic vitamin E oil added to illegal THC products to the vaping-related illnesses that have sickened 2,290 people, NBC News reported. In the report published Tuesday, investigators at the Minnesota Department of Health analyzed products containing THC, marijuana’s psychoactive ingredient. Twenty product samples obtained from vaping illness patients contained...

A chaotic atmosphere pervaded the Chilean capital Friday after student protests against an increase in bus and subway fare deviated into a series of riots and fires, in light of which President Sebastián Piñera declared a state of emergency. Hundreds of thousands of Santiago residents returned with much difficulty to their homes after the metro operator suspended service becasue of...

During an appearance on Lone Star Politics, recorded on Oct. 4, 2019, former Rep. Pete Sessions was asked about a Wall Street Journal report about political donations he received from Lev Parnas and Igor Fruman, contributions that were made at the same time Sessions was seeking to have the U.S. ambassador to Ukraine removed.