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[ad_1] Oil prices climb with Israel considering strikes on Iranian oil facilities – CBS News Watch CBS News As the Middle East waits to see how...
[ad_1] (Bloomberg) — The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott...
[ad_1] CNN — Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. The purpose of OPEC is to “coordinate and...
[ad_1] Investors have plenty to cheer as 2023 draws to a close, with the S&P 500 ending the year with a gain of more than 24%...
[ad_1] A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg |...
[ad_1] Photo by Christian Ender/Getty Images Saudi Arabia may “flush” the market with a flood of supply that would sink prices, an expert said. That comes...
[ad_1] By Florence Tan SINGAPORE (Reuters) – Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices,...
[ad_1] Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude...
[ad_1] Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman speaks during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. Xinhua News Agency |...
[ad_1] Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude...
[ad_1] New York CNN — US oil prices dropped below $70 a barrel Tuesday on concerns about whether the debt ceiling deal will make it through...
[ad_1] The numbers: The cost of U.S. imported goods rose 0.4% in April, the Labor Department said Friday. This was the first increase this year. Economists...
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen...
[ad_1] OPEC announces cuts to oil production – CBS News Watch CBS News OPEC unexpectedly announced cuts to oil production. The move will likely increase the...
[ad_1] Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude oil, potentially pushing...
[ad_1] Surprise crude oil production cuts from Saudi Arabia and other oil-rich countries shouldn’t produce worries of skyrocketing gas costs for U.S. drivers still smarting from...
[ad_1] The spike in oil prices after the surprise OPEC+ production cut may make the Federal Reserve’s inflation-fighting job “a little more difficult,” but it is...
[ad_1] Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories....
[ad_1] Hong Kong/Atlanta CNN — Oil prices spiked during Asian trade Monday after OPEC+ producers said they would cut production in a surprise move. Brent crude,...
[ad_1] WASHINGTON — The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained...