The Latest Breaking News from Oil

President Joe Biden told Arab leaders on Saturday that the United States would remain an active partner in the Middle East, but he failed to secure commitments to a regional security axis that would include Israel or an immediate oil output rise.

JIDDA, Saudi Arabia — President Joe Biden shared a fist bump Friday with the leader of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.

U.S. stocks traded higher toward the end of trading, following the release of several earnings results and economic reports.

Fretting about the current account deficit is warranted; fiscal space must also be reassessed 

JEDDAH, Saudi Arabia — President Joe Biden met here on Friday with the leaders of the oil-rich country he once vowed to make a “pariah” over its human rights abuses as the White House scrambles to mitigate record inflation and high gas prices hammering Americans in an election year.

Navamy Sudhish reports on the disastrous impact of extreme climate events, rising fuel prices, destructive fishing practices, and overexploitation on livelihoods and biodiversity

Analysis: US president aiming to convince Jeddah to increase oil supply in order to calm global energy markets

The United States on Friday applauded efforts by Lebanon and Israel seeking to reach a decision on maritime boundaries and said it remains committed to facilitating the ongoing negotiations that will help determine oil and gas resources. The Biden administration thinks a deal could "yield greater stability, security, and prosperity…

Oil markets top of the agenda for US president who receives subdued welcome three years after Jamal Khashoggi comments