Business News [UP]

Output from the Permian shale oil basin in the southern United States will account for 60 percent of world total production growth by 2023, analysis finds....Read More

Crude oil prices moved slightly lower in early Wednesday trading amid expectations of higher U.S. oil inventories, though supply-side issues were apparent....Read More

BAE Systems has received a $4.2 million contract from DARPA to develop software that models political and military conflicts around the world....Read More

Kongsberg has received a $65 million order from Lockheed Martin for parts on 150 F-35s, a day after Lockheed marked delivery of the 300th F-35 aircraft....Read More

Electric Boat has been awarded a $36 million contract by the U.S. Navy for electronic repair parts for the future Virginia-class submarines New Jersey and Iowa....Read More

Uncertainty about global oil demand and an increase in U.S. fuel prices overshadowed U.S-North Korean talks to push oil prices slightly lower early Tuesday....Read More

The Pentagon announced a modification to a Lockheed Martin contract for materials, parts, components and support for production of the F-35 Lightning II....Read More

Pentagon officials have announced an $862 million modification to a contract with Boeing for the manufacture and delivery of F/A-18 Super Hornet variants....Read More

A European economy that’s self-sufficient in energy and low-carbon could be shielded against the shock of higher crude oil prices, an Irish minister said....Read More

Crude oil prices turned lower in early Monday trading amid broad-based economic concerns over the fallout from weekend meetings of the G7 in Canada....Read More