Latest News Updates From Michelle Chapman

The agency's report on Oct. 14 said that global oil demand is predicted to drop 2.5 million barrels a day year-over-year in the fourth quarter and fall 2.6 million barrels a day on average this year.

Costco's Kirkland Signature full-synthetic motor oil 5-quart two-pack now costs around $58, well above the approximately $30 it had been selling for just last year. 

Chevron is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt.

Home Depot also announced Aug. 18 that it is launching express delivery nationwide. The service will get orders to customers within three hours or less. It will be available for a small flat fee in the U.S.

Fluctuations in gas prices remain across the country. In California, gas prices are averaging $5.64 per gallon, while in South Carolina it’s $3.58 per gallon.

BP's board named Ian Tyler as interim chair on May 26, effective immediately. The company said that it will begin the process of finding a permanent chair.

The housing market has been static as Americans wrestle with rising costs and other economic concerns.

BP earned $3.84 billion for the quarter. A year earlier the London-based oil and gas company earned $687 million.

Public Storage said March 16 that it will buy National Storage Affiliates in an all-stock deal worth about $10.5 billion, creating a company with 327 million square feet of storage at 4,600 locations.

FedEx said in a filing that it has suffered injury from having to pay the tariffs and that the relief it's seeking from the court would redress those injuries.