Oil

WASHINGTON — The Biden administration slapped Iran’s oil and petrochemical sectors with a new round of stiff sanctions in response to the country’s Oct. 1 attack against Israel. According to the Treasury Department, which announced the sanctions on Friday, the... Read More

BANGKOK (AP) — Shares rose in Europe after a mixed session in Asia on Monday, where Hong Kong’s Hang Seng index sank 5% after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak... Read More

NEW YORK (AP) — Stocks slipped on Wall Street Thursday as global markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 slumped 1.2% in morning trading, on pace for its... Read More

NEW YORK (AP) — Stocks around the world swung on Tuesday, oil prices rose sharply and the price of nickel surged so much that trading for it was shut in London, as the economic fallout from Russia’s invasion of Ukraine keeps rocking... Read More

NEW YORK (AP) — Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world's already high inflation. The S&P 500 sank 1.5% after a barrel of U.S. oil leaped as... Read More

NEW YORK (AP) — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve... Read More

DUBAI, United Arab Emirates (AP) — Satellite photos obtained by The Associated Press on Tuesday appear to show the aftermath of a fatal attack on an oil facility in the capital of the United Arab Emirates claimed by Yemen's Houthi... Read More

SAN ANTONIO — International scientists gathering data collected by satellites have discovered significant amounts of methane emissions leaking into the Earth’s atmosphere from gas pipelines, oil fields and landfills around the world. Teams of experts monitoring satellite-based instruments from the... Read More

DUBAI, United Arab Emirates (AP) — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a... Read More

State officials in Florida vowed to continue to fight the drilling of an exploratory oil well in the Everglades in the wake of a judge's ruling that the plan can go forward. “We’re disappointed in the court’s ruling, which goes... Read More