US shale oil cannot meet the world’s growing demand for crude, Chevron CEO warns

Chevron CEO John Watson on Monday warned that U.S. shale oil alone cannot meet the world’s growing appetite for crude. Global oil demand is growing by more than a million barrels per day each year. American producers are meeting much of that consumption growth...

Wall Street’s ‘fear gauge’ plunges to 10-year low as even Trump can’t rattle this bull

Wall Street’s “fear gauge” did something it hasn’t done in more than 10 years. The CBOE Volatility Index (VIX) hit a low of 9.90 during trading Monday, its lowest level since February 2007. The index fell to that the level even after President...