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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
The oceans are warming faster than previously estimated, setting a new temperature record in 2018 in a trend that is damaging marine life, scientists said on Thursday.
New measurements, aided by an international network of 3,900 floats deployed in the oceans since 2000, showed more warming since 1971 than calculated by the latest U.N. assessment of climate change in 2013, they said.
And "observational records of ocean heat content show that ocean warming is accelerating," the authors in China and the United States wrote in the journal Science of ocean waters down to 2,000 metres (6,600 ft).
Man-made greenhouse gas emissions are warming the atmosphere, according to the overwhelming majority of climate scientists, and a large part of the heat gets absorbed by the oceans. That in turn is forcing fish to flee to cooler waters.
"Global warming is here, and has major consequences already. There is no doubt, none!" the authors wrote in a statement.
Almost 200 nations plan to phase out fossil fuels this century under the 2015 Paris climate agreement to limit warming. U.S. President Donald Trump, who wants to promote U.S. fossil fuels, plans to pull out of the pact in 2020.
Data due for publication next week will show "2018 was the warmest year on record for the global ocean, surpassing 2017," said lead author Lijing Cheng, of the Institute of Atmospheric Physics at the Chinese Academy of Sciences.
He told Reuters that records for ocean warming had been broken almost yearly since 2000.
Overall, temperatures in the ocean down to 2,000 metres rose about 0.1 degree Celsius (0.18F) from 1971-2010, he said. The 2013 U.N. assessment estimated slower rates of heat uptake but did not give a single comparable number.
A separate study on Monday, by the European Union's Copernicus Climate Change Service, said 2018 was the fourth warmest year for global surface temperatures in records dating back to the 19th century.
Ocean temperatures are less influenced by year-to-year variations in the weather. It can take more than 1,000 years for deep ocean temperatures to adjust to changes at the surface.
"The deep ocean reflects the climate of the deep and uncertain past," Kevin Trenberth, of the U.S. National Center for Atmospheric Research and a co-author of Thursday's study, told Reuters.
Among effects, extra warmth can reduce oxygen in the oceans and damages coral reefs that are nurseries for fish, the scientists said. Warmer seas release more moisture that can stoke more powerful storms.
Warmer ocean water also raises sea levels by melting ice, including around the edges of Antarctica and Greenland.