oil

A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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USS Abraham Lincoln sails in the Arabian Sea.
Mass Communication Specialist 1st Class Brian M. Wilbur, U.S. Navy via AP
May 19, 2019 - 8:37 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia does not want war but will not hesitate to defend itself against Iran, a top Saudi diplomat said Sunday amid heightened tensions in the Persian Gulf after attacks on the kingdom's energy sector. Adel al-Jubeir, the minister of state for foreign...
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An Emirati coast guard vessel passes an oil tanker off the coast of Fujairah, United Arab Emirates, Monday, May 13, 2019.
Jon Gambrell/AP Photo
May 13, 2019 - 8:16 am
DUBAI, United Arab Emirates (AP) — The Latest on alleged sabotage of ships off the coast of the United Arab Emirates (all times local): 6:15 p.m. The owners of a Norwegian-flagged oil tanker say their vessel sustained a hole in its hull from "an unknown object" while off the coast of the United...
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US oil prices raced above $65 a barrel on Monday for the first time since Halloween after the White House pledged to deepen its crackdown on Iran.
Anadolu Agency/Getty Images via CNN
April 22, 2019 - 2:52 pm
By Matt Egan, CNN Business (CNN) - - US oil prices raced above $65 a barrel on Monday for the first time since Halloween after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran's oil exports to "zero" by removing the waivers that previously...
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Trader Steven Kaplan works on the floor of the New York Stock Exchange.
Richard Drew/AP, file
April 22, 2019 - 11:33 am
NEW YORK (AP) — The price of crude oil surged Monday after the U.S. government moved to further block Iranian oil exports. That helped to lift energy stocks, but losses elsewhere in the market pulled U.S. indexes modestly lower in another relatively quiet day of trading. The Trump administration...
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Nati Harnik/AP Photo
March 29, 2019 - 7:55 pm
By Matthew Daly WASHINGTON (AP) — Moving defiantly to kick-start the long-stalled Keystone XL oil pipeline, President Donald Trump on Friday issued a new presidential permit for the project — two years after he first approved it and more than a decade after it was first proposed. Trump said the...
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A Colgate Energy LLC oil drilling rig stands in Reeves County, Texas, in this August 2018 photo.
Bloomberg/Getty Images via CNN
March 27, 2019 - 10:02 pm
By Curt Devine, Scott Bronstein and Drew Griffin, CNN (CNN) -- The recent government shutdown cost the US economy billions of dollars, but one industry largely dodged its worst effects -- the industry previously represented by the Interior Department's acting secretary David Bernhardt. In contrast...
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Native American leaders are banding together to pressure U.S. officials to ban oil and gas exploration around a sacred tribal site that features massive stone structures and other remnants of an ancient civilization.
Jeff Geissler/AP Photo, File
March 21, 2019 - 8:13 pm
ACOMA PUEBLO, N.M. (AP) — Native American leaders are banding together to pressure U.S. officials to ban oil and gas exploration around a sacred tribal site that features massive stone structures and other remnants of an ancient civilization but are facing the Trump administration's pro-drilling...
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FILE- In this Dec. 12, 2018, file photo trader Gregory Rowe works at the New York Stock Exchange, Wednesday, Dec. 12, 2018, in New York.
AP Photo/Mark Lennihan, File
December 17, 2018 - 6:19 pm
NEW YORK (AP) — Another day of big losses knocked U.S. stocks to their lowest levels in more than a year Monday. Selling was widespread. Investors dumped high-growth technology and retail companies as well as steadier, high-dividend companies. Hospitals and health insurers slumped after a federal...
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Dreamstime
David Madden
September 07, 2018 - 12:12 pm
NEW YORK, NY (KYW Newsradio) -- Delta Air Lines is looking for a business partner at the oil refinery they now own and operate in Delaware County. Delta issued a statement online that says the air line expects to finish its search by year's end. The announcement also came with a disclaimer that...
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