The move has been rumored for some time as the UAE chafed under production restrictions and increasingly had frostier relations with neighboring Saudi Arabia.

Sales of GM’s Chevrolet Silverado and GMC Sierra pickups, its largest profit generators, remained strong despite gas prices surging above $4 a gallon.

Adjusted earnings were $1.07 a share for the first quarter, the company said. Revenue of $21.2 billion was also narrowly ahead of expectations.

BP earned $3.84 billion for the quarter. A year earlier the London-based oil and gas company earned $687 million.

The Office of the U.S. Trade Representative will begin hearings in two investigations that are expected to lead to a new round of U.S. tariffs.

Brent crude to be delivered in July, which is where more of the trading is happening in the oil market, rose $2.19 to $103.88 per barrel.

Budget airlines are seeking $2.5 billion from the Trump administration to offset rising fuel prices, offering warrants allowing the U.S. to buy equity stakes.

New York is suing USDOT, saying it lacks the authority to withhold $73.5 million in funding over what DOT said were noncompliance issues with state-issued CDLs.

Analysts say Shell's purchase of Canada’s Arc Resources marks a vote of confidence in Prime Minister Mark Carney’s push to expand the nation’s hydrocarbon exports.

The CBO says shifts in U.S. tariff policy may add $1.1 trillion to federal budget deficits over a 10-year period, though exact calculations aren’t yet possible.

Joby Aviation is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft.

Walmart Inc. raised $4.25 billion from a high-grade bond offering, boosting the size of the deal amid a flood of issuance that was mostly well received.

Jagdish Singh won a partial victory April 20 when a federal judge agreed the government violated his Fifth Amendment due process rights in arresting him.

A positive March due to improved freight volume and higher driver utilization plus lower expenses boosted Q1 2026 results at truckload carrier Heartland Express.

The upgrades to the truck’s Detroit Assurance safety software include Cross Traffic Assist and Active Side Guard Assist 2.

Reliability is crucial in the world of heavy-duty vocational vehicles. When it comes to operating in harsh environments and demanding applications such as waste management, construction, mining, and forestry operations, vehicle equipment is constantly pushed to its limits. It’s these operating conditions that drive the development of the latest innovation from SKF Automotive: the Scotseal X-Treme HD seal.

BP, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits.

Brent crude to be delivered in July, which is where most of the trading is happening in the oil market, rose 2.3% to $101.38 per barrel.

The longer the strait stays closed, the more consumption is going to have to recalibrate lower to align with supply that has dropped at least 10%.

United Airlines CEO Scott Kirby on April 27 outlined the reasons for a merger, but said talks went nowhere because American didn’t go along.