More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
BusinessBefore pumping crude in Venezuela, Chevron must collect debt, repair equipment and bolster its workforce while facing outages and security...
Commodity/Financial Market News
FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO
The cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would...
WSJ News Exclusive | Elon Musk’s Twitter Takeover Debt to Be Held by Banks Amid Turbulent Markets
Banks that committed to help finance Elon Musk’s takeover of Twitter Inc. plan to hold all $13 billion of debt...
Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check
WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this...
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
U.S., Allies Negotiating Price Level for Russian Oil Cap
WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on...
Coal Miner Peabody Energy in Deal Talks With Australian Rival Coronado
ADELAIDE, Australia— Peabody Energy Corp. BTU -2.62% is in talks to combine with an Australian rival that could result in...
As Europe Caps Energy Bills, the Merits of Price Controls Get Another Look
The highest inflation in decades and the steep drop in Russian natural gas exports to Europe have pushed a growing...
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels a...
OPEC+ to Weigh Production Cut to Bolster Oil Prices
OPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic began in order to help...
U.K. Market Woes Threaten Economic and Political Crisis
The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank...
British Pound, Bonds Roiled as Tax-Cut Plans Spook Investors
LONDON—The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about...
Oracle’s Ellison’s Compensation Topped $130 Million Last Fiscal Year
Oracle Corp.’s ORCL -2.24% top executives are again among the highest-paid at big U.S. companies, thanks to a decision last...
U.K.’s Sweeping Tax Cuts Send Pound Tumbling, Yields Higher
LONDON—The British government unveiled the biggest tax cuts since the early 1970s in a high-stakes bet to jolt the U.K.’s...
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions
Shorter-term Treasury yields ticked higher while longer-term yields fell Wednesday after the Federal Reserve signaled interest rates will likely climb...
Dollar’s Rise Spells Trouble for Global Economies
The U.S. dollar is experiencing a once-in-a-generation rally. For the rest of the world, that is a big problem.The dollar’s...
U.S. August Inflation Rate Is Expected Tuesday Amid Lower Gasoline Prices
The U.S. inflation report for August will offer details of the price changes consumers faced at the end of the...
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’
Occidental Petroleum Corp. OXY 1.75% entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers....
TV Networks Have a New Role: Farm Teams for Streaming Shows
Broadcast networks are launching fewer new shows than usual this fall, the latest sign of their diminished popularity and ambitions...
OPEC+’s Warning Shot
Updated Sept. 5, 2022 5:30 pm ET Russia is using natural gas to punish Europe. Oil hasn’t yet been similarly...
