Right now geopolitical tensions are as high as they’ve been in a long time, and the oil markets do not like it at all.

Top officials in the party of President Enrique Pena Nieto also floated the idea of extradition, which they had flatly ruled out before Guzman’s embarrassing escape from Mexico’s top maximum security prison on July 11 — his second from a Mexican prison.

On December 28, WTI and Brent crude oil prices fell more than 3%, as the world fourth largest crude oil buyer, Japan, reported that its crude oil consumption is at a 46-year low. This is despite the fact that many OPEC members, including the Saudis, are feeling the pain of

As part of that effort, General Motors is investing $500 million in the Uber competitor, Lyft announced Monday morning.

The GM investment is part of a total of $1 billion in the latest round of investments in Lyft, including $100 million from a group of Saudi Arabian investors. General Motors is teaming up with ride hailing service provider Lyft to create an integrated network of on-demand autonomous vehicles in

The U.S. Navy has released video footage showing what it has described as a “provocative” rocket launch by Iran near warships and commercial traffic in the strategic Strait of Hormuz.

Later, briefing newspersons, the commerce minister said the suggestions from the state governments included strengthening of infrastructure, extending benefits to exporters and restoring the facility of ASIDE. China’s central bank has devalued its currency by 0.51 per cent to 6.5646 per cent against the dollar, the lowest since March 2011.

Notwithstanding the Cushing build, analysts polled by Reuters forecast that crude stocks across the United States probably fell last week by 500,000 barrels.

After trading in China was halted automatically the second time this week, officials said Thursday that they’re suspending the “circuit breaker” that shuts down the market if a key index falls by 7 percent.

Baxalta International was up 3.8 percent at $42 after reports that peer drugmaker Shire Pharmaceuticals is preparing to announce its roughly $32.5 billion acquisition of Baxalta as early as Monday.