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Why high oil prices are good for oil companies — until they aren’t

Higher prices are good news for the oil industry — to a point. But they can bite, too.

Saudi Arabia’s Crucial East-West Oil Pipeline Hit by Drone

(Bloomberg) — A key Saudi oil pipeline to the Red Sea was hit in a drone attack hours after a ceasefire in the war in the Middle East, according to a person familiar with the...

White House: Strait of Hormuz Closure ‘Completely Unacceptable’ Under Ceasefire

hite House Press Secretary Karoline Leavitt on Wednesday disputed reports that Iran had closed the Strait of Hormuz hours into a fragile ceasefire with the U.S., but said any effort by Iran to stop maritime traffic would be...

Oil plunges below $95 as the Dow surges 1,100 in a worldwide rally following a ceasefire with Iran

NEW YORK (AP) — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran.

Xcel Energy CEO: Data centers won’t impact your electric bill

MINNEAPOLIS (FOX 9) – Bob Frenzel, the CEO of Xcel Energy, calls electricity “the most consequential product I think man has ever made.”

Investors give peace a chance — for now

The U.S. and Iran agreed to a two-week ceasefire Tuesday night — with a commitment to open the Strait of Hormuz — and oil prices plunged, the biggest one-day fall for Brent crude since the 1991 Gulf War.

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