Trump is protecting the U.S. steel industry but there is more work to do.
Since July 10, 7.8 million barrels of oil, or nearly two-thirds of the United States daily oil production, has been lost from Barry, which has become a post-tropical cyclone and was moving over eastern Missouri on Tuesday.
Former Idaho Gov. Butch Otter is trying to stop an international mining merger he said could tie Chinese investment to the only cobalt deposits in the U.S.
Workers also were returning to the more than 280 production platforms evacuated.
The storm also cut nearly 62 percent of natural gas production in the Gulf region, according to the BSEE.
U.S. oil producers have evacuated oil platform workers from 257 offshore facilities and seven rigs.
It’s no secret that Texas is oil country, and a new analysis found the energy sector directly or indirectly supports about one in every six jobs in the state.
Andarko's total Gulf output averaged 166,000 barrels of oil equivalent per day in the first quarter.
Oil prices remain under pressure from lingering worries about demand as the U.S.-China trade war has dampened prospects for global economic growth.
The forecast-beating job gains ended the chances for a steep Fed rate cut at its July 30-31 meeting,
Vietnam, the EU's second-largest trading partner, will lift 45 percent of its import duties on EU products, including planes, vehicles, drugs and high-tech machinery.
One of the oldest and largest refineries on the East Coast is closing.
Icahn, who holds a 5 percent stake in Occidental, said in a regulatory filing that the company’s current board of directors “have made a number of mistakes."
A major Occidental shareholder, Icahn filed suit against the company earlier this year to protest its pending $38 billion acquisition of Anadarko Petroleum.
The chief executive of Saudi Aramco, state oil firm of OPEC's de facto leader said its spare capacity of 12 million barrels per day (bpd) was sufficient and that it would meet its customers' needs.
Gold prices hovered near a six-year high as dovish signals from major central banks and heightened tensions between the United States and Iran boosted demand for the safe-haven metal.
Last week, Brent climbed 5% and U.S. crude surged 10% after Iran shot down a U.S. drone on Thursday in the Gulf.
Prices are up after a report that President Trump nearly ordered retaliatory strikes against Iran for shooting down an unmanned U.S. aerial drone.
Over 30 percent of US daily supplies of petroleum and liquified natural gas go through the waterway.
U.S. stocks moved sideways in early trading Wednesday on Wall Street ahead of a highly anticipated Federal Reserve statement on interest rates.