Global Economy
  • FILE PHOTO - An oil pump jack pumps oil in a field near Calgary

    Oil Prices Slide on Growing Worries About OPEC

    By Nick Cunningham, Oilprice.com

    Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has taken more than 1 million...

  • A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen

    Why Oil Prices Could Move Sharply Higher by 2020

    By AMANDA COOPER, Reuters

    Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply...

  • China Is Ready to Step into America’s Role as World Leader

    At a time when President Donald Trump is considering an American withdrawal from a leadership role in global affairs, the Chinese are increasingly willing to pick up the slack. The Chinese state...

  • The Rare Metal That’s Soaring as Electric Cars Boom

    By Pratima Desai, Reuters

    Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the...

  • Could Trump End Up Saving the Export-Import Bank?

    By YLAN Q. MUI, CNBC

    Pushback is emerging among conservative Republicans over President Donald Trump's apparent support for the Export-Import Bank, an institution they have pilloried as a giveaway to big businesses. The...

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