Business News [UP]

Chinese companies may invest $2 billion to build a refinery in an Iranian region in the southern shores of the Caspian Sea, according to Iranian officials....Read More

The Abu Dhabi-based Mubadala group cited “markets instability” as it on Monday delayed selling a 25 percent stake in the Spain-based oil company Cepsa....Read More

Harris Corp. and L3 Technologies announced a merger, making the combined $33 billion company the sixth largest defense contractor in the United States....Read More

Saudi Arabia will cover potential disruptions by even major world players through its spare capacity, the country’s Energy minister Khalid Al-Falih said Monday....Read More

Expensive energy, including prices of oil, gas and coal at “multi-year” highs, pose a threat to economic growth worldwide, the Paris-based IEA said....Read More

Just under one-third of Gulf of Mexico oil output remains ‘shut-in’ two days after Hurricane Michael made landfall along the North Florida coast...Read More

Crude oil prices continued to fall along with the stock market Thursday while President Donald Trump had strong words for countries that ignore U.S. oil sanctions....Read More

Oil production in Venezuela, a country with the world’s biggest reserves, reached a new low in September as it goes through political and economic instability....Read More

After one of the aircraft crashed late last month near Beaufort, S.C., the F-35 Joint Program Office announced Thursday it would ground F-35 variants worldwide....Read More

Murphy Oil has taken over Petrobras’s Gulf of Mexico assets in a joint-venture accord that included $1.1 billion purchase of an 80 percent stake....Read More