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FILE PHOTO: FILE PHOTO: NYSE Wall Street entrance in New York, U.S.

Economy Jun 22

Oil prices rise, U.S. stock futures slide in response to U.S. strikes on Iranian nuclear sites

By Associated Press

Politics Nov 30

FILE PHOTO: Trump Organization trial in New York State Supreme Court in New York
Watch 4:01
News Wrap: Trump again under gag order again in civil fraud trial

In our news wrap Thursday, former President Trump is under a gag order again in his civil fraud trial in New York, Sen. Tommy Tuberville is signaling he's ready to end his blockade of hundreds of high-level military nominations and…

World Sep 05

Flames are seen at the production facility of Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. Photo by Ahmed Jadallah/Reuters.
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December

The dual announcements from Riyadh and Moscow on Tuesday said the two countries would trim 1.3 million barrels of crude out of the global market.

By Jon Gambrell, Associated Press

World Aug 03

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq
Saudi Arabia extends daily oil production cut through September to boost energy prices

The Saudi cut of 1 million barrels per day, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year.

By Associated Press

World Jun 04

Austrian police officers stand in front of the OPEC headquarters in Vienna
OPEC+ member countries consider more production cuts as oil prices slump

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S.

By David McHugh, Associated Press

Dec 05

European Union implements Russian oil price cap to limit Kremlin war chest

By David McHugh, Associated Press

The impact may be blunted because Russia has been able reroute much of its European seaborne shipments to China, India and Turkey, although at steep discounts. Plus, the price cap is near what Russian oil already cost.

Continue reading

Dec 05

Ukrainian infrastructure again hit by latest round of Russian missiles

By Jamey Keaten, Associated Press

Russia has unleashed what Ukrainian authorities called the latest “massive missile attack” across their country, striking homes and buildings, killing civilians, and disrupting electrical power and water supplies in areas.

Continue reading

Dec 03

Russia rejects $60-per-barrel cap on its oil, warns Western countries of cutoffs

By Jamey Keaten, Associated Press

Russian authorities rejected a price cap on the country's oil set by Ukraine’s Western supporters and threatened Saturday to stop supplying the nations that endorsed it.

Continue reading

Nov 01

Watch 7:13
Oil companies post massive profits as consumers feel squeeze from high gas prices

By William Brangham

High gas prices are on the minds of Americans a week before the election. At the same time, oil and gas companies are reporting record-breaking profits. President Biden lashed out and called for a new windfall tax if companies don't…

Continue watching

Oct 31

WATCH: Biden compares oil firms to war profiteers, talks of windfall tax

By Zeke Miller, Seung Min Kim, Associated Press

President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don't boost domestic production.

Continue reading

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