The move has been rumored for some time as the UAE chafed under production restrictions and increasingly had frostier relations with neighboring Saudi Arabia.

BP earned $3.84 billion for the quarter. A year earlier the London-based oil and gas company earned $687 million.

Freight transportation and logistics provider ArcBest beat first-quarter expectations as volumes stepped higher across the enterprise. ArcBest (NASDAQ: ARCB) reported a headline net loss of $1 million, or 5 cents per share,…

Federal prosecutors have charged a Florida man in connection with a scheme involving more than $600,000 worth of onions and potatoes, according to the U.S. Department of Justice. The case involves a 39-year-old man from…

President Donald Trump has extended the Jones Act waiver for another 90 days, amid ongoing concerns over oil and gas supplies stemming from the effects of the Iran war.  The Jones Act, enacted in 1920, requires cargo moved…

Budget airlines are seeking $2.5 billion from the Trump administration to offset rising fuel prices, offering warrants allowing the U.S. to buy equity stakes.

Brent crude to be delivered in July, which is where more of the trading is happening in the oil market, rose $2.19 to $103.88 per barrel.

The U.S.-Mexico trucking market is tightening in early 2026, but not in the way traditional freight indicators suggest, according to Uber Freight. Instead of a demand-driven cycle, capacity constraints tied to security,…

New York is suing USDOT, saying it lacks the authority to withhold $73.5 million in funding over what DOT said were noncompliance issues with state-issued CDLs.