oil

Donald Trump
Nicholas Kamm/AFP/Getty Images
CNN
September 18, 2019 - 10:33 am
President Donald Trump said he's ordered new sanctions on Iran, the latest escalation in tensions between the two countries following the attack over the weekend on Saudi oil facilities. Read more here.
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Storage tanks at North Jiddah Aramco oil facility
Amr Nabil/AP
AP News
September 17, 2019 - 7:28 am
Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. Read more here.
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President Donald Trump speaks before leaving the White House, Monday, Sept. 16, 2019, in Washington.
Manuel Balce Ceneta/AP Photo
AP News
September 16, 2019 - 9:35 pm
President Donald Trump declared Monday it "looks" like Iran was behind the explosive attack on Saudi Arabian oil facilities. But he stressed that military retaliation was not yet on the table in response to the strike against a key U.S. Mideast ally.
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Greenland
Felipe Dana/AP
August 19, 2019 - 8:13 am
COPENHAGEN, Denmark (AP) — Greenland is not for sale and U.S. President Donald Trump's idea of buying the semi-autonomous Danish territory in the Arctic from Denmark is "an absurd discussion," Denmark's prime minister said. Mette Frederiksen, who was visiting the world's largest island to meet...
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The growth of fuel-efficient and electric cars means Americans are paying fewer gas taxes. States, which use gas taxes to pay for road repairs and public transit, are raising taxes on about one in three drivers in America to make up for lost revenue.
Behrouz Mehri/AFP/Getty Images via CNN
July 01, 2019 - 4:21 pm
By Chris Isidore, CNN Business (CNN) -- The growth of fuel-efficient and electric cars means Americans are paying fewer gas taxes. States, which use gas taxes to pay for road repairs and public transit, are raising taxes on about one in three drivers in America to make up for lost revenue. A total...
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This September 2018 photo provided by NOAA shows a NOAA research vessel at a Taylor Energy production site in the Gulf of Mexico.
NOAA via AP
June 29, 2019 - 9:04 pm
NEW ORLEANS (AP) — A new federally led study of oil seeping from a platform toppled off Louisiana's coast 14½ years ago found releases lower than other recent estimates, but contradicts the well owner's assertions about the amount and source of oil. Oil and gas have been leaking into the Gulf of...
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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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