President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
BHP said it missed its iron ore guidance by 3 million tons due to the suspension of production at its half-owned Samarco mine. A tailing dam burst at Samarco in November, killing 19 people and causing what Brazil says is its worst environmental disaster.
The company's operational review, published on Wednesday, reported that iron ore production for the fiscal year was 2 percent lower on-year at 227 million tons. The marginal drop was due to record production in Australia as the company ramped up output to offset the suspension at Sarmaco, BHP said.
Iron ore production for the current financial year to end-June 2017 was forecast to reach between 265 million tons and 275 million tons.
BHP's output miss contrasted with Rio Tinto's numbers, released on Tuesday, that showed the company was on track to meet production targets for FY2016.
BHP shares hit a two-week low after the production review was released, trading down over 4 percent at $19.01 early on Wednesday.
Iron ore prices have rallied this year on the back of continued strong steel demand in China, after the government introduced stimulus to boost bank lending, which fed through to the industrial sector.
A jump in public infrastructure investment led by state-owned enterprises (SOE), however, had raised questions about the sustainability of demand, Fenton Tribeca, director and portfolio manager at Tribeca Investment Partners, said.
While increased bank lending and infrastructure investment would likely drive strength in steel for the next few months or up to the end of the year, Fenton said he did not think it was "time to be piling in and putting in fresh money into resources and chasing that cycle," he told CNBC's "Squawk Box".
"It's really not a demand story. it's basically all about how much supply there is coming onto the market," Patersons Securities' research head Rob Brierley told CNBC's "Capital Connection".
Supply was outweighing demand growth as companies pushed out ever larger production onto the market following the commodity boom in the late noughties, added Brierley.
Data from China last week showed first-half fixed asset investment grew 9 percent from a year ago, but private sector fixed-asset investment grew just 2.8 percent in same period, an indication of heavier SOE involvement.