Energy in America

The prime minister of Iraq says he has instructed his country's Oil Ministry to finalize an agreement with global energy giants ExxonMobil and PetroChina to lead a $53 billion megaproject to boost oil production.

Occidental's new offer includes more cash than the prior bid.

Asian stock markets steadied on Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war.

U.S. stocks fell sharply at the opening of trading Monday, following a sell-off in Europe and Asia, after President Donald Trump threatened to escalate a trade war between the world's two largest economies.

Lawmakers are expected to meet within the coming weeks to discuss funding options for the $2 trillion project.

Within the oil industry, there are signs of a further rise in output from the United States.

Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade.

A federal judge has sent back to North Dakota state court a lawsuit alleging the environmental group Greenpeace conspired against the Dakota Access oil pipeline.

Shares tumbled in Asia early Monday after President Donald Trump threatened in a tweet to impose more tariffs on China.

Occidental, which is in a bidding war with Chevron to buy oil company Anadarko, revised its offer Sunday and says it found a buyer for Anadarko's African investments if the deal goes through.

The average U.S. price of regular-grade gasoline jumped 5 cents a gallon (3.8 liters) over the past two weeks, to $2.97.

A Walmart heir, a wealthy governor and energy companies profiting from North Dakota oil could fund a big chunk of the private money needed by developers of a presidential library for Theodore Roosevelt in the western Badlands where he hunted and ranched before becoming the 26th U.S. president.

Two Greek shipping companies have been fined $4 million in a U.S. plea deal for not reporting 2017 illegal oil discharges by a tanker at some Texas ports.

Cyprus' foreign ministry says Turkey's bid to drill for natural gas in waters where the island nation has exclusive economic rights is a "flagrant violation" of its sovereignty under international law.

An executive for the company proposing the Keystone XL oil pipeline from Canada's oil sands into the U.S. says it has missed the 2019 construction season due to court delays.

Puerto Rico's government has reached a key debt restructuring deal with a group that bought bonds issued by the U.S. territory's power company.

U.S. stocks moved broadly higher in midday trading on Wall Street Friday and are on track to bounce back after a two-day slide.

Global markets made modest gains on Friday as traders awaited cues from the release of U.S. jobs data.