An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
French bank Societe Generale reported a jump in fourth-quarter profit, but took a large write down on the value of its Russian unit as the country's economy continues to struggle.
SocGen's fourth-quarter net profit came in at 511 million euros ($578.09 million), up from 191 million a year earlier. For the full-year 2014, net profit was up 31.7 percent at 2.69 billion euros, while revenue rose 5 percent to 23.56 billion euros.
However, the bank took a 525 million euro writedown on the value of Rosbank, its Russian unit, and said it cut loans to its Russian activities by 600 million euros in 2014.
The bank's Chief Executive Frederic Oudea called for a "diplomatic solution" to the conflict between Russia and Ukraine, as peace talks continue in Minsk, Belarus.
"Russia is a neighbour…it's important to avoid a further deterioration in the situation," Oudea told CNBC.
Russian President Vladimir Putin, French President François Hollande, German Chancellor Angela Merkel and Ukraine's President Petro Poroshenko were locked in talks Thursday over military conflict in Ukraine between the Ukrainian army and Russian-backed local militia.
Oudea added that 2015 would likely be "the most difficult year" for the bank's Russian interests, as its economy battles with a low oil price and Western sanctions imposed following its activities in Ukraine.
He also called for a quick solution to the new Greek government's attempts to renegotiate its debts.
"The central scenario remains to find a solution which will avoid putting the taxpayer in Europe at risk and help Greece to lift growth prospects and make the debt more manageable," Oudea said. He added that a cut to the struggling Mediterranean country's headline debt seemed "difficult to entertain".