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oil production

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World Apr 03

Putin suggests sizable oil production cut as prices fall

By Associated Press

World Apr 02

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.

By Associated Press

Economy Dec 11

Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Photo courtesy: Saudi Aramco Website/Handout via Reuters
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.

By Aya Batrawy, Associated Press

World Sep 19

Watch 6:04
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,…

World Sep 18

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?…

Sep 17

Watch 5:14
News Wrap: Taliban attacks kill at least 48 in Afghanistan

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.

Continue watching

Sep 16

Watch 5:26
News Wrap: Purdue Pharma files for federal bankruptcy protection

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…

Continue watching

Sep 16

Watch 10:13
How tensions over Saudi oil attacks could ‘spiral out of control’

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…

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Dec 06

OPEC delays decision to cut oil production amid falling prices

By Kiyoko Metzler, Carlo Piovano, Associated Press

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.

Continue reading

Nov 29

Why lower oil prices won’t necessarily boost the U.S. economy

By Thomas Maxwell

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.

Continue reading

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