Oil prices fell Wednesday as worsening global oversupply offset a weaker dollar and an expected drop in U.S. crude stocks.» Read More
At the 2015 World Economic Forum, falling oil prices are a big concern. Peter Terium, CEO of RWE, says that we need to look for solutions, as consumers are paying too much for energy.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was down more than $2 on the day. The IMF cutting its growth forecast and weak China data were among the reasons why.
Without a change in the course of globalization and cooperation, some tailwinds could turn into headwinds, UBS Chairman Axel Weber cautions as Davos kicks off.
Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.
Despite struggling to recover from the 2003 war and the continuing ISIS insurgency, Iraq produced a record amount of oil last month.
Some commodity traders are taking delivery of oil at the current price and storing it with the hopes of selling it at a later date for a profit.
Could a cold snap be good for energy? Dan Leonard, Weather Services International senior meteorologist, forecasts a cold snap late January into February.
This just may be the earnings season that we see the impact of the global slowdown, says Michael Yoshikami.
Brent crude prices steadied below $49 a barrel after the IMF cut its forecast for global economic growth in 2015 implying lower demand for fuel.
Gerry Cauley, NERC CEO, discusses how EPA air and water rules could impact power grid reliability, with CNBC's Rick Santelli.
CNBC's Jackie DeAngelis reports oil is rebounding after yesterday's volatile session, and non-OPEC producers will cut back on production, however overall creation will increase.
CNBC's Bob Pisani reports FXCM has halted trading, and digs into the performance of the energy and financial sectors.
Top fund manager Bill Nygren views the precipitous fall in energy stock prices as creating "the area to be opportunistic in."
Jim Chanos told CNBC on Friday he's been short major oil companies for a couple years because the North American shale explosion has been "uneconomical for drillers."
Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday
A recovery in the price of oil might not be "imminent" but there are tentative signs that the tide is turning, the International Energy Agency said.
Brent spiked above $50 on Wednesday, before paring gains on a strengthening dollar and global economic woes.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. After oil went up to $51, it came down nearly 10 percent to around $46.
Jim Paulsen, investment strategist at Wells Capital Management, told CNBC that volatility could actually help re-evaluate the market.
Expect more shareholder activists to get involved in Canadian oil and gas companies, Maglan Capital's David Tawil told CNBC.