Trump says he expects Russia and Saudi Arabia to cut oil production
President Trump says he expects Saudi Arabia and Russia will end an oil war and dramatically cut production.
Saudi Aramco stock gains 10 percent after it begins trading
Aramco, owned by the state, has sold a 1.5 percent stake in the company, pricing its shares before trading at 32 Saudi riyals, or what is $8.53.
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News Wrap: Iran threatens ‘all-out war’ if attacked by U.S. or Saudi Arabia
In our news wrap Thursday, Iran threatened an “all-out war” if attacked by the U.S. or Saudi Arabia. From the United Arab Emirates, Sec. of State Mike Pompeo said he hoped for a “peaceful resolution” of the tense situation. Also,…
Watch 10:31
What attacks on Saudi oil sites mean for the U.S. and Iran
In Riyadh on Wednesday, Saudi Arabia showcased evidence it says proves Iran’s involvement in weekend airstrikes on two major Saudi oil facilities. Iran denies the claim, and given the strained relations between the two countries, how should the U.S. respond?…
In our news wrap Tuesday, Taliban suicide bombers killed at least 48 people and wounded scores more in two separate attacks in Afghanistan, one of which targeted President Ashraf Ghani’s election rally. The second deadly blast occurred near the U.S.
In our news wrap Monday, besieged drugmaker Purdue Pharma has filed for federal bankruptcy protection. The move was part of a plan by the manufacturer of OxyContin to settle thousands of lawsuits stemming from the opioid crisis. Also, after more…
Airstrikes on Saudi oil facilities over the weekend disrupted markets and increased tensions between the U.S. and Iran. The U.S. blames Tehran for the attacks and has reportedly shared intelligence with Saudi Arabia to back up the assertion. Lisa Desjardins…
Crude prices have been falling since October because major producers are pumping oil at high rates and due to fears that weaker economic growth could dampen energy demand.
Despite lower prices at the gas pump -- welcome news for the millions of travelers hitting the road during the holiday season -- the drop is unlikely to be a net gain for the U.S. economy.
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