Executives from American Airlines, United Airlines and Southwest Airlines said Wednesday that higher jet fuel prices are prompting carriers to adjust capacity and closely monitor flight schedules. The global average jet fuel price rose 6.1% week over week to $181.46 per barrel last week, according to the International Air Transport…

This story about the September 2026 FOMC meeting will be updated with further details. The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in over three years amid concerns over stubborn inflation that has been driven recently by higher energy prices.Fed policymakers voted 12-0 to raise…

Continental Resources on Wednesday announced that it reached an agreement with Venezuela’s state-owned oil company to develop oil in the South American country’s prolific Orinoco Belt. The memorandum of understanding with Petroleos de Venezuela S.A. (PDVSA) will see Continental Resources operate and develop the Ayacucho 2 Block in the Orinoco…