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Saudi Arabia and Russia had already agreed to increase oil production ahead of the OPEC ministers meeting on September 23 in Algiers. The increase was never announced, but it appears to be happening...
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New World Gold Council data shows that gold has continued to be an important part of central banks’ foreign exchange reserves in 2018. Yet central banks are far from being the only net buyers of...
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The list of nations with troubled economies has grown in 2018, and these are just eight of the nations in which interest rates or inflation have become sky high.
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Russia says it will sell more U.S. debt, the president boasts about the effects of his battle with Harley-Davidson, Saudi Arabia could provide money for Tesla to go private, and other important...
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CBS will look into sexual harassment charges against its CEO, Walmart may enter the streaming media business, Texas to become the world's third largest oil producer, and other important business...
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Sources say that OPEC oil ministers meeting in Vienna have reached a tentative agreement on raising production by 600,000 barrels, less than expected or hoped for.
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U.S. crude oil inventories fell more than expected but production of gasoline and distillates more than offset the drop. Exports of both crude and refined products rose sharply in the week as well.
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The Trump administration may increase tariffs on Chinese goods again, Elon Musk blames a fire at a Tesla plant on an employee, and other important headlines.
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The number of U.S. land-based rigs drilling for oil rose by 1 for the second consecutive week. Rigs drilling for natural gas dropped and the total rig count for the week came in at 1,059, down 3...
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The price of a barrel of oil has fallen by $5 a barrel since last Thursday. U.S. consumers are paying an average of just under $3 a gallon for regular gas and might be about to catch a price break...
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President Trump has responded to reports that OPEC and its partners may want to reduce crude oil production even further with a tweet that prices are artificially high and "will not be accepted."
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U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014.
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Russian aluminum giant Rusal had a bad day Monday, losing half its value following Friday's announcement of U.S. sanctions. A couple of U.S. companies are reaping the benefits.
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Exxon Mobil has pulled out of its joint ventures with Russia's Rosneft and taken a $200 million after-tax charge as a result.
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Twitter has put a number on the people it says interacted, almost certainly without their knowledge, with government-related operations in Russia.
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