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 was up on the day, as traders continued to seek the bottom. Nat gas was up on colder weather forecasts, and gold was down today.
Carlyle's David Rubenstein tells CNBC low oil prices are creating new places to invest.
Stable, low oil prices are good because the drop in crude is supply-driven and will act as stimulus, Dow Chemical CEO Andrew Liveris tells CNBC.
Oil prices may be the buzzword of the moment, but what will be people in the sector be talking about in the future? CNBC looks at some possibilities.
Dr Lin Boqiang, director at China's Center for Energy Economics Research at Xiamen University, says that "without a doubt" low oil prices are good for China.
Amazon announced a partnership with Pattern Energy to build a 150-megawatt wind farm in rural Indiana.
Can your business be successful without a focus on profits? This CEO thinks so.
Times are tough for Australia's junior miners as plunging iron ore prices squeeze them out of the market, but oil's decline may provide respite.
At Davos 2015, Dan Yergin, vice chairman of IHS, discusses global oil production and demand, from the U.S. to Saudi Arabia to Europe.
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.