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Saudi-led OPEC+ opted not to make any additional changes to oil production as Western sanctions on Russian oil are set to take effect. Evan Halper, a business reporter for the Washington Post, joins CBS News' Vladimir Duthiers and Lilia Luciano to discuss the impact.
The OPEC oil cartel and allied producers including Russia aren't changing their targets for shipping oil to the global economy.
OPEC estimates show that the world markets could demand more oil for the next decade, despite a push toward renewable energy and electric cars. Tom Kloza, global head of energy analysis at the Oil Price Information Service, joins CBS News to talk about what the projection means and how it could affect suppliers and consumers.
North Korean leader Kim Jong-un could soon test a tactical nuclear weapon, according to U.S. and South Korean officials. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins CBS News' John Dickerson to discuss.
President Biden announced Wednesday that 15 million more barrels of oil would be released from the Strategic Petroleum Reserve as part of a plan to reduce gas prices. Reuters energy reporter Laura Sanicola discussed the reaction in the oil market.
President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
President Biden is releasing 15 million barrels of oil from the nation's strategic reserve in an effort to curb rising prices after OPEC+ announcing it would cut oil production. CBS News senior White House and political correspondent Ed O'Keefe explains how the administration plans to account for the oil it's taking from the reserve and how the move could affect the midterm elections.
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
President Biden is expected to announce a release of 15 million more barrels of oil from the U.S. strategic reserve in response to recent cuts from OPEC+ nations. Nestle is recalling some Toll House cookie dough products over potential contamination with plastic, and the NFL is planning its first-ever Black Friday game in partnership with Amazon Prime Video.
President Biden said there will be "consequences" for Saudi Arabia after the country, as part of OPEC, sided with other oil producing countries to cut production. CBS News chief White House correspondent Nancy Cordes discussed what those consequences could be.
John Kirby, a retired admiral who now serves as National Security Council coordinator for strategic communications, joined CBS News to discuss the war in Ukraine, Russian President Vladimir Putin's nuclear threats, as well U.S.-Saudi relations and North Korea's recent missile tests.
Biden pledged "consequences" and vowed to "take action" — but some lawmakers are demanding a concrete response.
President Biden said that there will be "consequences" for Saudi Arabia following the announcement that OPEC+ will be cutting oil production. The president made the comment during an interview with CNN. CBS News correspondent Christina Ruffini joined "CBS News Mornings" to discuss.
The White House said Tuesday that Biden has promised to provide Ukraine with more advanced air defense systems. This comes as Russia continues to bombard the country with missile attacks. Meanwhile, the White House also said Mr. Biden is reevaluating the U.S.-Saudi relationship after OPEC announced last week it would cut oil production. CBS News chief White House correspondent Nancy Cordes reports from Washington, D.C.
Treasury Secretary Janet Yellen is railing against the OPEC+ decision to cut oil production, calling it "unhelpful and unwise." Matt Red, the vice president of Foreign Reports, joins CBS News to break down what OPEC+ is and the significance of both its decision to reduce production 2 million barrels a day and the secretary's criticism of it.
While the U.S. added 263,000 jobs in September, economists are bracing for the next Consumer Price Index report, due out this week, which gives a snapshot of inflation. Javier David, managing editor of business and markets at Axios, joins "CBS News Mornings" to discuss the latest economic news and what to expect from the markets this week.
President Biden slammed OPEC+ after the group of oil-producing nations agreed to tighten global supply by two million barrels a day. Politico energy and climate reporter Josh Siegel joins "CBS News Mornings" with the latest.
A decision by the OPEC+ alliance of oil-exporting nations to cut production of crude coupled with refinery woes in the West and Midwest are pushing gas prices higher just before the midterm elections. Jonathan Vigliotti reports.
California is issuing gas tax rebates to millions of residents to help offset high prices at the pump. CBS News correspondent Jonathan Vigliotti joins Errol Barnett and Lana Zak from Los Angeles with details.
Prices of gas are expected to increase in the United States and around the world after the international oil cartel OPEC+ announced its plan to cut production quotas by 2 million barrels a day starting next month. The U.S. accuses OPEC of doing this, in part, to help Russia amid its conflict with Ukraine. Errol Barnett reports.
The Organization of the Petroleum Exporting Countries on Wednesday announced that it would slash output by two million oil barrels per day. Kaushik Deb, a senior research scholar at the Center on Global Energy Policy at Columbia University joined CBS News to discuss the global impact of that decision.
OPEC+ announced a decision to sharply cut oil production in an effort to boost sagging petroleum prices. The cut will likely lead to higher gas and energy prices in the U.S.
An alliance of oil-producing countries voted to cut production by 2 million barrels per day, leading to fears of higher energy prices over the winter and driving crude futures up. Reuters energy reporter Laura Sanicola joins CBS News' Errol Barnett and Lana Zak to discuss what's moving the market and what might happen to prices at the pump.
In a move that could drive up gas prices, the oil cartel will cut production by 2 million barrels per day starting in November.
Stocks start October on a high note after coming off their worst month since COVID-19 crashed financial markets.
The drone strike also wounded five American service members and a second U.S. contractor, the Pentagon said, adding that Iran is thought to have been behind it and the U.S. hit Iran-linked targets.
The ruling maintains the status quo, upholding a preliminary injunction blocking the mandate issued by a federal judge. The issue has drawn many conflicting judicial opinions.
House Intelligence Committee Chairman Mike Turner told CBS News a divestiture, ban or something to that effect will need to happen.
A record number of passports — 22 million — were issued in 2022. The State Department is "on track to break" that record in 2023.
Utah becomes the first state to enact a law attempting to limit teens' access to social media sites.
Skeletal remains identified as Markham's were found in 2013 in a wooded area in Cedar Grove, Indiana, about 20 miles west of her home in Fairfield, Ohio.
The CDC is investigating a nationwide outbreak of the antibiotic-resistant bacteria — Pseudomonas aeruginosa — which has infected 68 people in 16 states.
The agreement will allow both countries to turn away asylum-seekers who crossed the U.S.-Canada border without legal permission.
The trial took on an increasingly personal note Thursday when the plaintiff's daughter and a neuropsychologist testified about his declining health.
Edwin Castro isn't wasting time using the record jackpot he won in November and claimed last month.
The top Democrat on the "weaponization of government" select subcommittee is accusing Speaker Kevin McCarthy and Judiciary Committee Chairman Jim Jordan of trying to intimidate Manhattan D.A. Alvin Bragg.
"Gone are the days when we sit in our office and wait for people to knock on the door and talk to us," one university sports psychologist said.
The ethics panel found that the South Carolina Republican improperly solicited contributions from inside a federal building.
Utah becomes the first state to enact a law attempting to limit teens' access to social media sites.
Utah becomes the first state to enact a law attempting to limit teens' access to social media sites.
Labor pact will hike the pay of thousands of costumed performers, theatrical workers and other employees at the theme park.
The case likely hinges on who the jury believes was the "downhill" skier, per legal experts.
The Republican-controlled North Carolina legislature has given final approval to a Medicaid expansion agreement.
Shares of the payment company, formerly known as Square, plunged after Hindenburg Research accused it of facilitating crimes.
The top Democrat on the "weaponization of government" select subcommittee is accusing Speaker Kevin McCarthy and Judiciary Committee Chairman Jim Jordan of trying to intimidate Manhattan D.A. Alvin Bragg.
The ruling maintains the status quo, upholding a preliminary injunction blocking the mandate issued by a federal judge. The issue has drawn many conflicting judicial opinions.
The ethics panel found that the South Carolina Republican improperly solicited contributions from inside a federal building.
Utah becomes the first state to enact a law attempting to limit teens' access to social media sites.
A record number of passports — 22 million — were issued in 2022. The State Department is "on track to break" that record in 2023.
The CDC is investigating a nationwide outbreak of the antibiotic-resistant bacteria — Pseudomonas aeruginosa — which has infected 68 people in 16 states.
Three people have died from a drug-resistant bacteria linked to recalled eye drops. Manuel Bojorquez talks with one man who lost his sight following an infection.
While the bacteria is common in subtropical regions, there has been an increase of infections from Vibrio vulnificus in more northern locations, like the Delaware Bay.
Scientists found a "major reduction" in a part of T cell responses in people who were infected before being vaccinated.
Foods containing any of the five chemicals are currently banned in the European Union.
The drone strike also wounded five American service members and a second U.S. contractor, the Pentagon said, adding that Iran is thought to have been behind it and the U.S. hit Iran-linked targets.
The ruling will go into effect on March 31, which is also the Transgender Day of Visibility.
Raymond Vincent Ashcroft was last seen at Guatemala's famed cultural site on Feb. 3, authorities said.
Prosecutors say nine men allegedly earned about $246,000 from the subscription-based website streaming the extreme "body modifications."
Authorities say Pollock may have given the large painting to Hollywood star Lauren Bacall before it ended up in the late dictator Nicolae Ceausescu's collection.
Labor pact will hike the pay of thousands of costumed performers, theatrical workers and other employees at the theme park.
The case likely hinges on who the jury believes was the "downhill" skier, per legal experts.
Months after their divorce was announced, Gisele Bündchen spoke with Vanity Fair about her marriage to now-retired NFL quarterback Tom Brady.
The trial took on an increasingly personal note Thursday when the plaintiff's daughter and a neuropsychologist testified about his declining health.
Brandy became the first Black actress to play Cinderella in a movie, and 26 years later, she is reprising the iconic role alongside her prince.
TikTok CEO Shou Zi Chew faced tough questions from a House panel Thursday as he sought to convince lawmakers the social media platform is not an arm of the Chinese government that's being used to spy on Americans. Nikole Killion reports on the contentious hearing.
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
TikTok CEO Shou Zi Chew is testifying on Capitol Hill today before the House Energy and Commerce Committee. CBS News congressional correspondent Scott MacFarlane joins Errol Barnett and Meg Oliver to discuss what's being said in the hearing, as well as the findings of a new CBS News poll about Americans' view of the app.
The TikTok CEO, a former Goldman Sachs banker and Harvard grad, is on the hot seat as lawmakers consider banning the app.
While the bacteria is common in subtropical regions, there has been an increase of infections from Vibrio vulnificus in more northern locations, like the Delaware Bay.
Scientists found a "major reduction" in a part of T cell responses in people who were infected before being vaccinated.
Researchers have called it a "big, beautiful species."
Every year, an estimated 20,000 people donate their bodies to science for the purpose of medical research and education. But unlike organ donation, these body parts can be bought and sold for profit.
"We'll never know for sure what 'Oumuamua was -- we lost our chance," said the co-author of the new study.
Castillo whispered something into Woodhull's ear and then pulled out a knife and stabbed her repeatedly, the complaint said.
An appeals court ruled that the parents of a shooter who killed four students at a Michigan school can face trial themselves for purchasing the gun used in the killings.
A Colorado dentist who is accused of poisoning his wife's drinks has been charged with murder. James Craig is accused of killing his wife, Angela, by lacing her protein shakes with arsenic and potassium cyanide.
Skeletal remains identified as Markham's were found in 2013 in a wooded area in Cedar Grove, Indiana, about 20 miles west of her home in Fairfield, Ohio.
On Wednesday, Vancouver Police discovered what they believe to be the bodies of 27-year-old Meshay Melendez and her 7-year-old daughter Layla Stewart.
While the Terran 1 rocket didn't reach orbit, builder Relativity Space says it achieved major objectives.
The space rock's anticipated trajectory places it at about half the distance to the moon, so people with telescopes may be able to see it from Earth.
Jupiter, Mercury, Venus, Uranus and Mars will align right before the end of the month.
The flaming bits of wreckage created a "spectacular light show" and were going thousands of miles per hour, an astronomer said.
NASA's Magellan spacecraft collected images of the planet's surface between 1990 and 1992, and researchers recently searched that data to study the possible activity of the volcanoes in the terrain.
A look inside the truck trailer where 26 abducted school children and their bus driver were buried alive -- and later escaped.
America's longest-running news broadcast program celebrates three-quarters of a century on the air
What Angelina Fernandes saw the night her mother was accused of murder.
Inside South Carolina's "trial of the century" — how investigators built their case
A look into the evidence from the 2000 hostage situation and bank robbery that changed a mother and daughter's lives.
In this eye-opening documentary, CBS Reports goes inside the $100 million market where bodies donated to science are bought and sold for profit.
A pediatric surgeon goes above and beyond to make sure his young patients aren't scared before surgery. A man sets a world record with his trips to Disneyland. Plus, heartwarming videos you need to see.
A report released by Gallup and Lumina Foundation on Thursday found that emotional stress and personal mental health were the top two reasons undergraduates in 2022 considered withdrawing from school for at least one term -- ranking ahead of cost, course difficulty or physical health. Psychiatrist Dr. Jessi Gold joins CBS News' John Dickerson to discuss.
President Biden has traveled north to shore up relations with Canada, one of America's strongest allies. "Prime Time" host John Dickerson speaks with Eric Farnsworth, vice president of the Council of the Americas, about Mr. Biden's agenda and tensions between the two nations.
TikTok's CEO faced congressional lawmakers for the first time, but members of the House Energy and Commerce Committee remain concerned about the app's national security risks. Jamil Jaffer, founder and executive director at the National Security Institute and former associate White House counsel to President George W. Bush, joins John Dickerson on "Prime Time" to discuss.