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
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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
Mexico will pay for the wall — "indirectly," President Donald Trump claimed Thursday.
Trump told The Wall Street Journal that the United States' southern neighbor could end up funding the proposed structure on its border with the U.S. if the North American Free Trade Agreement gets tweaked.
"They can pay for it indirectly through NAFTA," he told the newspaper in an interview. "We make a good deal on NAFTA, and, say, I'm going to take a small percentage of that money and it's going toward the wall. Guess what? Mexico's paying."
It is unclear what mechanism would go into NAFTA that would cause Mexico to indirectly pay for the structure, which Trump promised as a candidate. Last year, the administration floated a possible 20 percent border tax on goods coming from Mexico, before walking back the idea.
Trump has repeatedly said he could withdraw from the pact among the U.S., Mexico and Canada if he cannot secure terms that he deems more fair to the U.S. The president told the Journal that he wants a fair deal, or a "Trump deal," as talks about revisions to the pact continue among the three countries.
He added that he will leave his decision on a deal "a little bit flexible" as Mexico has a presidential election this year, which "makes it a little bit difficult for them."
Trump has called for funding for a border wall in immigration legislation that Congress hopes to agree on soon.