The number of rigs in U.S. oilfields fell by 13 to a total of 662, compared with 1,584 at this time last year.» Read More
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended the day under $50. Traders are expecting a build in tomorrow's inventory report.
The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.
As the strike enters its fourth week, more information is needed to assess its economic impact, one expert said Monday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rumors of an emergency OPEC meeting bumped the price temporarily, but oil closed under $50 today.
A tanker truck holding nearly 10,000 gallons of fuel overturned and caught fire on a southern New Jersey highway Monday morning.
CNBC's Jackie DeAngelis reports on the pop in crude oil midday Monday. CNBC contributor John Kilduff, weighs in.
Nigeria's oil minister indicated OPEC would hold an emergency meeting to discuss the oil price slide, the Financial Times reported.
ISIS operations in Libya are making headlines and inciting pronouncements from European officials, but the size of its reach is unclear.
A blast of freezing air is setting cold weather records in some parts of the US. Here is where the mercury is in cities around the country.
Saudi Arabia's tactics mark a shift in policy rather than an irreversible loss of market share according to Barclays.
CNBC's Jackie DeAngelis reports why crude prices could continue to go lower, while gas prices go higher.
CNBC's Morgan Brennan reports the biggest oil worker strike since 1980 has expanded to four more Shell facilities.
Workers of the United Steelworkers union (USW) are entering the 4th week of protests. John Felmy, American Petroleum Institute, and Pavel Molchanov, Raymond James energy analyst, discuss the potential impact.
The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.
Commodities trader Morgan Downey, thinks the price of oil will be back above $75 by the end of this year, and will head to $100.
Some companies caught up in the Petrobras corruption scandal are pressing Brazil's government to strike a "grand bargain" settlement, sources told Reuters.
The number of rigs drilling for oil in the United States fell by 48 last week, about half the reduction seen in the previous week.
Current policy for offshore wind power is not working, Breaking Energy said in an article on its site.
Since economies drive commodity prices, the collapse in oil is more of a demand issue than it appears, analyst Stephen Schork tells CNBC.
The by-products of a world class Scottish icon – whisky – are being used to create a next-generation biofuel. Here's how.