Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
OPEC+ postpones policy meeting to Nov. 30
Sunday's meeting had been expected to convene in Vienna, Austria. OPEC's statement didn't mention if the group would convene online or in person on Nov. 30.
Louisiana oil leak source still unknown after 1M gallons spill into Gulf, Coast Guard says
The source of a large oil spill in the Gulf of Mexico off the shore of New Orleans, estimated to be more than one million gallons, is still unknown, the U.S. Coast Guard said
Expert warns green energy projects ‘are not worth it’ as prices spiral 'out of control'
Renewable energy companies are realizing their projects are "just not feasible" amid plummeting stock valuation and inflationary costs, says Tracy Shuchart.
Investors rebuff 'Big Oil' climate shareholder resolutions
U.S. investors at leading energy firms rejected a climate activist group's push to align emission targets with the Paris climate pact despite the group's success in Europe.
Biden's energy policies are uplifting anti-America nations: Alex Epstein
Fossil fuel expansion advocate Alex Epstein joins 'The Bottom Line' to discuss the Biden administration postponing a major oil and gas lease sale across the Gulf of Mexico.
Biden admin abruptly delays major oil and gas lease sale mandated under Inflation Reduction Act
The Biden administration suddenly announced it would postpone a major oil and gas lease sale that it previously tried to cancel, but which the Inflation Reduction Act mandates.
Schumer, Democrats call for FTC probe of Exxon, Chevron acquisitions
Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.
Without US oil production, 'American consumers are going to be hurt': Mike Sommers
American Petroleum Institute CEO Mike Sommers on the state of the domestic oil regulatory environment and how the Middle East conflict may impact global prices.
Israel-Hamas war: Oil prices could see 'large increases' if conflict spreads, World Bank warns
The World Bank said Monday that there could be “large increases in the prices of oil and other commodities" if the Israel-Hamas war spreads regionally.
Oil slide hits Exxon Mobil profits
Exxon Mobil Corp reported a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago. The decline comes as oil prices retreat from higher levels.
Chevron's profit slumps, shares fall
Chevron's third-quarter earnings missed Wall Street estimates by a wide margin, sending its share price down despite its recent megadeal with Hess.
Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum, again
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.
We've turned a blind eye to the oil sanctions: Sen. Bill Cassidy
WARNING: GRAPHIC FOOTAGE. Sen. Bill Cassidy, R-La., discusses Ukraine and Israel aid and Iran attacking U.S. forces on 'Varney & Co.'
Top banking executives were cheering on the Fed early in the cycle: Barry Knapp
Ironsides Macroeconomics managing partner Barry Knapp discusses earnings, his market outlook, the U.S. economy and top bank executives in Saudi Arabia.
Pete Najarian: There's a lot going on within the markets
Market Rebellion co-founder Pete Najarian discusses the anticipated release of economic data, the impact of Israel's delayed invasion on oil prices, Chevron acquiring Hess and the A.I. market.
Chevron to acquire Hess in $53 billion deal
Chevron Corporation is acquiring rival Hess Corporation in a $53-billion all-stock transaction that it says will upgrade and diversify its portfolio.
Larry Kudlow: Humanitarian aid 'equals' Hamas aid
'Kudlow' host Larry Kudlow discusses Biden's request for aid for Israel and Ukraine, American foreign policy in the Middle East and oil prices amid rising tensions.
Fed should 'pause and wait,' says Mark Newton
Fundstrat Global Advisors managing director Mark Newton discusses his take on the markets, the economy and the Federal Reserve's management of rate hikes.
Biden admin suspends select sanctions on Venezuela for its move toward fair elections
The Biden administration agreed to ease sanctions on Venezuela pertaining to oil and gold transactions, after Venezuelan leaders vowed to move toward more fair elections.