Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act he would pick a replacement for Powell that would do his bidding.Economyread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Facebook is leading the FANG stocks this year, and Miller Tabak's Matt Maley foresees more upside.Trading Nationread more
source@ (Adds details)
DUBAI, Feb 15 (Reuters) - Saudi Aramco has partially shut its Safaniyah offshore oilfield after a main power cable was cut by a vessel's anchor, a source familiar with the matter said on Friday.
The shutdown occurred about two weeks ago, the source said, adding that there has been progress in repairs. The source said the situation was "under control."
State oil company Saudi Aramco did not immediately respond to a request for comment. Energy Intelligence first reported the incident.
Safaniyah is the largest offshore oilfield in the world, with a capacity of more than 1 million barrels per day.
Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by supply cuts led by the Organization of the Petroleum Exporting Countries and the partial shutdown of the Saudi Arabian oilfield.
Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.77 a barrel by 0612 GMT, up about 0.3 percent from the last close.
(Reporting by Rania El Gamal Editing by Tom Hogue and Edmund Blair)