Energy

Saudi Arabia has “a great deal of explaining to do” on how it could not defend its “most critical” oil facility from drone attacks at the weekend, said Gary Grappo, former U.S. ambassador to Oman.

Joining us on set is John Kilduff, Founding Partner at Again Capital, who gives us his analysis on the oil sector after the Saudi oil strike.

An attack on the heart of Saudi Arabian oil production sends prices spiking and the impacts are being felt. What happens next for the global economy? Seema Mody reports.

Shares of power producer PG&E were up 10% Friday after the company said it has reached an $11 billion settlement agreement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.

Phil LeBeau reports on how Tesla is not just an electric vehicle company but that it also has been “charging up” its energy storage business unit.

Morgan Stanley does not expect rising tensions in the world’s most important oil chokepoint to lead to a sustained jump in oil prices.

Auto maker Renault and the Jiangling Motors Corporation Group (JMCG) have officially set up a joint venture for electric vehicles in China.

How will markets react with the rising geopolitical tensions with Iran? We speak with Katie Bays, who’s the co-founder at Sandhill Strategies, and get her analysis.

Brian Sullivan continues his coverage in Vienna, Austria where he recaps what happened on the second day of the OPEC meetings.

Will there be an extension by OPEC to extend production cuts? Brian Sullivan has more for us from Vienna at the OPEC meetings.

OPEC and its allies looked all but certain to extend oil supply cuts by nine months, after several members of the Middle East-dominated producer group endorsed a policy designed to support oil prices amid a weakening global economy.

After the G-20 Summit, the next big meeting will be in Vienna where major oil producer countries like Saudi Arabia and Russia will be attending. Brian Sullivan reports why oil prices have been pretty stable here in the U.S. even with the heighten tensions with Iran and Venezuela’s problems with their oil production.

Over the weekend, the fire at the Philadelphia oil refinery was extinguished. Now, questions remain on the cause of the explosion and how much will it cost to get the oldest refinery in American back and running again. Brian Sullivan reports.

President Donald Trump on Monday signed an executive order imposing “hard-hitting” new sanctions on Iran in response to the downing of an unmanned U.S. drone last week.

President Donald Trump is threatening to impose “major” new sanctions against Iran on Monday, ramping up the pressure on the Islamic Republic at a time when its economy is straining under the weight of financial restrictions.