Oil

Former Shell Oil president schools Biden on fracking

Former Shell Oil President John Hofmeister warned Tuesday that Democratic presidential candidate Joe Biden has "no concept" of how important the fracking process is to the American economy and national security.

Oil extends last week's losses into Monday, falls nearly 2%

TOKYO - Oil extended last week’s losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment.