U.S. President Donald Trump said on Monday that it looked like Iran was responsible for attacks over the weekend on Saudi Arabian oil plants, but he was in no rush to respond and was still trying to find out who was behind the strikes.
U.S. Senate Majority Leader Mitch McConnell blamed Iran on Monday for the weekend attack on a Saudi Arabian oil facility and called for an international response.
Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and intensified concerns of retaliation in the Middle East.
An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.
WeWork owner The We Company is expected to postpone its initial public offering, the Wall Street Journal reported on Monday, citing people familiar with the matter.
President Donald Trump said on Monday the United States has reached an initial trade agreement with Japan.
New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly "newly configured" Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday.
Amid a flurry of Twitter posts on Monday morning, U.S. President Donald Trump turned to the weekend attack on Saudi Arabia’s oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East. (See tweet https://twitter.com/realDonaldTrump/status/1173560246863876096)
Attacks on Saudi oil plants will not have much impact on U.S. oil production in the short term, Chevron Chief Executive Michael Wirth told CNBC in an interview on Monday.
U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict.
U.S. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval.
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production on Saturday is unlikely to be a risk in the United States, energy and security experts say.
WeWork owner The We Company is considering delaying its initial public offering until October at the earliest, concerned that its stock market debut would be snubbed by many investors, people familiar with the matter said on Monday.
Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group.
Oil futures shed some of their massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.