Oil

OPEC+ last month surprised the market by agreeing to extend supply curbs

The massive cargo ship blocking the Suez Canal has finally been freed and the supply chain backup shouldn't take long to resolve itself, former Shell Oil president John Hofmeister told “Cavuto: Coast to Coast” Monday.

West Java police will be involved in the investigation into the cause of the fire

The operator of the ship blocking the Suez Canal said it would take at least two or three more days to dig the vessel out of the waterway's bank, while other ship operators began rerouting tankers and containers -- in some cases sending them on a two-week extended voyage around the southern tip of Africa.

The stuck ship in the Suez Canal could upend oil deliveries.

Congestion in the Suez canal may cause shipping delays with instant coffee and other products.

More diggers are being brought in and salvage teams are making plans to siphon out fuel and ballast water to lighten the ship, according to one person involved in the operation.

Oil prices were trading more than 1% higher on Friday.

The canal is one of the most strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America, and a key route for transporting furniture, clothes and supermarket basics from China.

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.