Oil prices reversed losses on Friday after Baker Hughes reported drillers took 26 rigs out of U.S. oilfields last week.» Read More
Global oil companies are gritting their teeth as crude's slump cuts into their profits, but reports suggest Chinese national oil firms may be immune.
Could we see a bottom to the oil price soon? Henry Dixon, fund manager at GLG, weighs in and says that the oil price is not a "dividend threat" to oil majors.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil popped today, closing over the $50 level. Also, the natural gas drawdown was far lower than expected, which drove prices down.
Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.
A shakeup at the top won't fix Petrobras' most fundamental near-term problem: a mountain of debt coupled with low oil prices.
Hedge and private equity funds are worked up about the energy opportunity—and investors are starting to listen.
As oil prices fall, it becomes harder for energy companies to maintain profitability.
A four-day rally which pushed crude prices to their highest levels this year collapsed as U.S. crude oil supplies rose by 6.3 million barrels.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended it's winning streak today after a massive crude oil build was announced by EIA. Traders say swings like this could be commonplace.
Oil extended losses on Wednesday, reversing a four-session rally, after US crude inventories rose by 6.3 million barrels.
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
Many believe the oil price slide is over. However, Neil Atkinson, head of analysis at Lloyd's List Intelligence, disagrees, saying that with a surplus in major oil supply and a sluggish oil demand will persist for the first half of 2015.
Ahead of the Bank of England rate decision, Simon Wells, chief UK economist at HSBC explains that the oil price drop had a lot to do with the hawks in the BoE reversing their previous decision.
Petrobras shares jumped more than 15 percent after a local newspaper reported that Brazilian President Dilma Rousseff has decided to replace the CEO.
For struggling Caribbean nations dependent on energy subsidies from Venezuela, the crash in oil prices is not welcome news.
A global oversupply in oil and lack of storage make it very likely that oil will slide into the $30s, Citi's Ed Morse told CNBC.
General Motors on Wednesday posted fourth-quarter earnings far above analysts' expectations even as recall costs hit North American profit margins.
This is austerity on steroids for the oil industry, and it's happening across the globe, explains Pavel Molchanov, Raymond James energy analyst.
Discussing the economics of oil, and what kinds of acquisitions investors can expect ahead, with Kinder Morgan Chairman and CEO Rich Kinder.
Matti Lievonen, CEO of Neste Oil, says the company is pleased with its fourth-quarter results, which demonstrate its objective to stay strong and "robust."