Business

It will be impossible for Iranian oil customers to bring imports down to zero within the next five months or so, a senior petroleum official said Wednesday....Read More

The U.S. Navy awarded a $9.6 million contract to General Dynamics for 19 M61A2 Gatling-style rotary cannon gun systems for the F/A-18E/F aircraft....Read More

The U.S. Navy has awarded a $73 million contract modification to Lockheed Martin to set up depots for maintenance on and upgrades to F-35 aircraft....Read More

Concerns about global trade tensions were balanced against national security concerns for OPEC-member Libya to lift crude oil prices higher early Tuesday....Read More

With the price of oil moving erratically, perceptions over the direction for consumer fuel prices in the United States were mixed ahead of a major holiday....Read More

Aerojet Rocketdyne has been awarded a $69 million contract for development of a new propulsion system to be used for national security-related space launches....Read More

BAE Systems has been awarded an $83 million contract for amphibious assault vehicles as part of a foreign military sale for Taiwan, the Pentagon announced....Read More

Energy department heads from two of the world’s leading natural gas producers, Russia and the United States, meet this week in Washington, the Kremlin said....Read More

The price for Brent crude oil was under pressure Monday after OPEC hinted at more production, though a lack of spare capacity could be a factor....Read More

OPEC nations and other countries outside the cartel agreed Saturday to share increased oil production in a move seen as stabilizing global energy prices....Read More