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Oil supply concerns mount as OPEC cuts output, US sanctions bite

Middle Eastern oil producers capable of filling a gap left by American energy sanctions have followed through with plans to slash production, raising concerns about global supply of heavy crude.
National Security Advisor John Bolton speaks as US Secretary of the Treasury Steven Mnuchin looks on during a briefing in the Brady Briefing Room of the White House in Washington, DC on January 28, 2019.

US sanctions on Venezuela could lead to higher gas prices

A US crackdown on foreign oil exports could lead to higher prices at the pump.

Saudi Arabia lured in a whopping $27 billion in orders for the kingdom’s first bond sale since the Khashoggi murder

Saudi Arabia has tapped international debt markets for the first time since the murder. Demand shows investors haven't been swayed by the PR disaster.
President Donald Trump applauds at the end of Chinese President Xi Jinping's speech to business leaders at the Great Hall of the People in Beijing, November 9, 2017.

Global stocks rally as China trade talks end on high note, while Trump reportedly aims to strike deal ‘soon’

Stocks are rallying for a fourth day on optimism about the talks, while insiders reportedly said Trump is eager to strike a deal to calm markets.
Weak data out of China has sparked a global stock selloff.

New year, new bloodbath: Stocks plunge after weak data from China

The Chinese manufacturing data "signals contraction for the first time in over a year and a half." Global stocks are tumbling on fears of a slowdown.

‘US crude continues to be an unstoppable force’: Here’s a simple guide to navigating the oil market in 2019

The energy market is volatile by nature, but this year was marked by especially sharp price movements. Here's what is expected to happen in 2019.

The bears are back: skeptics are ready to deflate the biggest post-Christmas US stock rally in a decade

The stock rally looks set to be short-lived as US futures plunge. Stocks have swung from the worst Christmas Eve ever to the best day in a decade.

‘The real concern is what comes next’: Markets are mixed as investors shift focus to the last Fed meeting of 2018

The Fed is expected to hike interest rates for a fourth time in 2018, but investors are more focused on any hints about policy going forward.

Italy’s state-backed oil giant makes a major discovery off the shores of Angola

Italian oil company Eni said it has made a new oil discovery in offshore Angola.
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014.

Dow dives nearly 500 points, wiping out its gains for the year

Wall Street wiped out gains for the year Thursday as concerns about a cocktail of factors weighed on global markets.