Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn.

The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn.
The jump in revenue underscores the rapid growth of the Claude chatbot maker as it prepares for a potential blockbuster initial public offering.
Iran's deputy foreign minister says Hormuz "will remain Iranian" after Trump's claim that the waterway would soon become U.S. territory.
Smarkets is entering the U.S. prediction market race but also applying to run as a sportsbook within states amid regulatory uncertainty at the federal level.
Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter.
Investors have flocked to short-term investments like ultra-short bond funds in anticipation of a stock market correction and with long-term bonds broken.
Google parent Alphabet is now the third largest holding in Berkshire Hathaway's equity portfolio.
With November's midterms fast approaching, cannabis reform is an issue. It's popular with voters, but its power to tilt elections remains uncertain.
Rivian is trying to catch up to Tesla's "hands-free" capabilities, but with additional safety guardrails that the Elon Musk company doesn't have.
Lamborghini's Revuelto SV is a limited-edition V12 hybrid with over 1,050 horsepower, a 2.4-second 0-to-100 kph time and a $741,172 starting price.
The OCC conditionally approved World Liberty Trust Co.’s national trust bank charter. That would allow the Trump family-backed firm to issue stablecoins.
Cars that run on software offer benefits automakers and many customers say older cars cannot compete with. But some analysts worry the vehicles might not last.
Because families struggle to pay for school, many students and their parents increasingly depend on federal and private aid to help foot the bill.
AOC is highlighting the cost of freezing her eggs. Here's what to know about health insurance coverage, state laws and taxes associated with the process.
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
Producers of the iconic French fizz face a challenge to preserve its taste profile while they also battle tariff complications and fewer drinkers.
No surprises on inflation and new financing developments in the artificial intelligence trade drove the record-breaking action on Wall Street last week.
The CFTC is reviewing prediction betting platforms' so-called mention markets, people familiar with the matter confirmed to CNBC.
Russia's wartime economy is under growing strain as its budget deficit widens and analysts warn pressure could intensify next year.
New CNBC Generation Lab poll shows almost half of 18- to 34-year-olds see democratic socialism positively and nearly 80% see the U.S. economy negatively.
The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.
OpenAI's C-suite turnover gives investors another reason for concern as the company pushes toward a mammoth IPO.
Mangione's lawyers argue his federal plea bars his prosecution for murder in state court for Brian Thompson's slaying due to New York's double jeopardy law
President Donald Trump tore down the White House East Wing to make way for the ballroom project.