The U.S. has classified Yemen’s Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency.
Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.
Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.
Royal Dutch Shell Plc is demonstrating how tough it is for a massive, 100-year-old oil company to become a friend to the climate.
Brent crude traded below $70 a barrel as the specter of expanding U.S. supply was weighed against Wall Street banks’ growing faith in a price rally.