Oil

Shares are rebounding after Wednesday's broad, late day decline led by selling of tech heavyweights

Efforts to free the ship using dredgers, digging and the aid of high tides have yet to push the container vessel aside

A coalition of 13 states filed one lawsuit in federal court in Louisiana, while Wyoming filed a its own lawsuit in federal court in that state. The states joining Louisiana’s suit included Alabama, Alaska, Arkansas, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, Utah and West Virginia.

The Suez Canal ship mishap could rock oil prices for days.

U.S. equity markets fell Tuesday amid renewed concerns about the pace of the global recovery as European countries imposed new COVID-19 lockdowns and as Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testified about the U.S. government’s COVID-19 relief efforts.

Saudi Arabia's state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets.

A court in Milan on Wednesday acquitted oil giants Shell and Italy’s Eni of corruption charges in a $1.1 billion bribery case involving control of a lucrative Nigerian oil block.

A group of red states filed a lawsuit on Tuesday against the Biden administration for revoking the permit for the Keystone XL pipeline, which the president did via executive order on his first day in office. 

The Schork Group principal Stephen Schork discusses the impact of President Biden’s energy policy on oil prices and the economy on FOX Business’ “Mornings with Maria.”

OPEC Plus is feeling empowered, brazen and is going unchecked.

GasBuddy analyst Patrick DeHaan said gas prices are soaring due to increased demand coupled with the fact that “OPEC is not opening the spigot.”