Oil

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

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

U.S. crude stockpiles rose to their highest level since 2017.

Oil markets are in flux amid the latest unrest in Venezuela. How this drama plays out is already having an impact on the price you pay at the pump for gasoline.

President Trump has done wonders for the economy with his tax cuts and light regulatory touch. But steel tariffs are one step back.

The president also sought to alleviate concerns about the global oil supply.

California drivers are paying an average $4.03 per gallon, which is more than $1 per gallon higher than the national average. Why is anyone surprised?

Crude output in the United States, which turned into the world's top producer last year, last week edged back to its record high at 12.2 million barrels per day while net imports jumped 900,000 bpd, EIA data showed.

Investors may be starting to question how long the bull market can keep going.

Occidental puts the value of its deal at $57 billion, including debt and book value of noncontrolling interest.

Crude oil prices rose after the Trump administration said it would stop issuing waivers to countries that import from Iran.

Despite the move by Washington, spare capacity from other suppliers such as Saudi Arabia might be able to ensure oil markets cope with a cut in Iranian exports.