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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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Russia is working on rules to regulate cryptocurrencies, mining, and coin offerings in the country. But will the rules keep the "crypto" part of what makes the new digital currencies popular?
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The U.S. State Department has approved U.S. companies' sales of small arms and other light weapons, including perhaps anti-tank missiles, to Ukraine.
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Software security provider Kaspersky Lab has filed an appeal against a September ruling from the U.S. Dept. of Homeland Security forbidding federal agencies from using the software.
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The agreement struck on Thursday among oil-producing nations extends the production cuts through the end of next year, but leaves a way out for those who don't want to stick it out for the whole of...
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OPEC ministers have agreed to extend their production cuts through the end of next year, but Russia has still not bought in to the plan.
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