US Business

Russia, Iran and Venezuela have amassed an armada of aging tankers to move barrels around the world.

Hotel owner MCR said it can’t make a $200 million commitment in time, sending Soho House’s financial partners scrambling for other options.

The U.S.-Venezuela relationship has been a tale of fortunes made and lost, with oil at the center—and with hints of potential challenges ahead for President Trump’s plan.

Key investor MCR Hotels said it wouldn’t be able to meet its commitment to purchase $200 million worth of shares.

The U.S. president believes the effort could lower oil prices to his target price of $50 a barrel.

Increased supply from Venezuela could help drivers at the pump—but it might strain the industry.

In an executive order, the president will seek to cap defense bosses’ pay and demand that contractors invest in production capacity.

While the shale drilling boom has unleashed a flood of oil from places like West Texas and North Dakota, it is often not the right kind of crude for American refiners.

Spinoffs meant to boost shareholder value have left the company trailing the broader market.

Ford’s CEO says 5,000 jobs are open. Mechanics say there is little wonder why.