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From a forty-year peak of 9.6m bpd in mid-2015, production has fallen to 9m bpd with some shale oil producers unable to stay in business with the price of WTI crude oil struggling to stay above $40 a barrel. The move helped to send Brent crude, the global benchmark, down to $42 a...

“The landing gears towards its left and its nose had collapsed”, said a Spicejet spokesperson. All passengers and the 4 crew members are safe.

Banana lore has long held that the bright yellow variety of the fruit – the world’s fourth-most valuable food product after rice, wheat, and milk – is a mere shadow of the banana our grandparents would’ve enjoyed.

“One of the reasons that we did not really mention an amount is because we are looking to negotiate with non-OPEC more and see how we can reach a collective effort that all of us should contribute to the market”, he said. “Americans don’t have any ceiling,...

“All they’re asking for is safety”, said Lucy Carrigan, spokeswoman for the nonprofit International Rescue Committee (IRC), which is coordinating the Dallas resettlements. Those refugees will include twelve children between the ages of two and fifteen, four...

The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month.

Oil prices fell on Friday after news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices, as OPEC continued to guard its share of an oversupplied market.

Guwahati: Two consecutive bomb blasts ripped through Guwahati’s commercial hub Fancy Bazaar area on Saturday. When a rag picker was attempting to play with it, it was some firecrackers that went off unintentionally. The area was cordoned off by the police, after which...

(California Department of Motor Vehicles via AP).

After the house’s expected approval of the bill, the legislation will be the first to reach President Obama’s desk demolishing his health care law and blocking Planned Parenthood’s federal money.

Mostly, the IDC blames slowing growth in Asian/Pacific markets (excluding Japan), along with Latin America and Western Europe. Because of the sheer size of the market, the economic slowdown in the Asian nation is putting a damper on global growth. As a result, shipment growth in...

WASHINGTON | The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. It would be the first interest rate hike in almost a decade. September and October data was...

After the jobs report, the dollar rose against the euro as one euro bought $1.0883 compared with $1.0940 ahead of the data, leaving the greenback up 0.5% for the session. They were left with egg on their face – and less cash in their pockets – after European Central...

Although the renminbi’s inclusion will be viewed as recognition of the strides that the Chinese authorities have made to reform and open up its economy, GaveKal says that the move is “largely symbolic” and challenges remain ahead for the currency.

The Saudis want to prevent Iran, their longtime enemy, from gaining market share or the profits that higher oil prices would deliver.