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
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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
WASHINGTON, Aug 29 (Reuters) - As Hurricane Dorian advances on a course likely to slam the Florida peninsula within days, U.S. space agencies and aerospace companies are sheltering millions of dollars in hardware and assets along the Space Coast.
Dorian, expected to strengthen in the Atlantic to a Category 4 storm with winds topping 130 miles per hour (209 kilometers per hour), could churn across dozens of launchpads owned by NASA, the U.S. Air Force and companies such as Elon Musk's SpaceX and Jeff Bezos' Blue Origin starting around Monday.
Governor Ron DeSantis has declared a state of emergency for the whole of Florida. https://www.reuters.com/article/us-storm-dorian/trump-cancels-trip-florida-widen s - s t a t e - o f - e m e r g e n c y - a s - h u r r i c a n e - l o o m s - i d U S K C N 1 V J 0 P 1 The Miami-based National Hurricane Center describes Category 4 storms as capable of causing "catastrophic damage" including severe damage to well-built homes.
NASA's Kennedy Space Center said on Thursday it will move its 400 foot (122 meters) tall, $650 million mobile launcher structure used to assemble the agency's rocket for future moon missions from a launchpad and into the Vehicle Assembly Building, a 526 foot (160 meters) tall complex built to withstand winds of up to 125 miles per hour (201 kph).
"Is it bulletproof to a category 4? We don't know because it hasn't been hit with anything that hard," Derrol Nail, a spokesman for the NASA center, said of the building, which is made of over 8,000 tons of steel. "We've seen it perform in storms between 100 and 110 miles per hour with minimal damage.
"This thing is an incredibly strong steel cage."
The Cape Canaveral space center said it would close on Sunday with a skeleton team of roughly 100 staff staying behind in the launch control room to monitor the storm and the sites aerospace assets.
"Everybody's got their procedures so that you know what to do and how to respond and adapt," Dale Ketcham, vice president of government relations at Space Florida, the state's space-based economic development body, told Reuters. "Because with your people and your capital investment, it's foolish to be cavalier regarding the preparation of a hurricane."
A spokeswoman for Boeing-Lockheed joint venture United Launch Alliance, whose rockets are used to launch national security satellites, said staff began securing rocket hardware this week and its facilities can face over 130 mile per hour winds.
A spokesman for SpaceX, which owns two launchpads on the coast, said it is taking steps to protect employees and facilities.
The U.S. Air Force base in Cape Canaveral, Florida said it has cut off power for non-essential facilities and urged base residents to prepare for possible hurricane-force winds. (Reporting by Joey Roulette in Washington; editing by Bill Tarrant and Grant McCool)