Motorists’ gasoline bills are falling but instead of spending the money, consumers are putting it in the bank and paying off credit card bills.

A record decline in oil prices helped to push the country’s trade deficit down to the lowest level in nearly a year even though the deficit with China shot to an all-time high.

Mr. Hunt was a former chairman of Hunt Petroleum and an adviser to the founder of the family dynasty, his uncle H. L. Hunt.

The deal between Iraq’s state-owned oil company, North Oil, and China’s CNPC is worth $3.5 billion and is the first major deal since the U.S. invasion in 2003.

The British airline’s cheaper yet premium offshoot, OpenSkies, could be an experiment for a new business model for traditional airlines.

Oil prices fell below $60 a barrel despite growing indications that OPEC producers have been trimming output.

Oil prices fell below $60 a barrel despite growing indications that OPEC producers have been trimming output.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.

The world’s energy system would need substantial investments to meet demand, a global agency said, while warning that urgent action was required to curb carbon emissions.