The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.
While US crude is usually seen as the best gauge for global oil prices, the recent tumult in the Middle East and North Africa is now making Brent a more reliable yardstick.
Speculators have set a new record for making bets whether oil will keep pushing higher, a trend that some market experts believe could push the commodity to record levels.
Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
It's time to stop taking crude oil and other fossil fuels for granted and start seriously developing new energy sources while practicing energy conservation.
I'm in Hawaii to cover the unique economic challenges facing the Aloha State. I'm also here to moderate the state's CFA annual forecast dinner.
As the agency undertakes a broad new study of natural gas drilling and its potential risks, some worry that the recommendations will be watered down, reports The New York Times.
Oil prices have been jumping because of concerns about supply disruptions in the Mideast, but it turns out there is a glut of oil supply in the Midwest.
With gasoline prices at $4 a gallon, it's clear we should double down on our oil war strategy, but this time go after reserves that aren’t so far away—Canada.
If Saudi raised oil production to 9 million barrels per day, then they've chosen a good time to do it.
If unrest in the Middle East continues at the current pace, it will be hard to persuade investors that events will not spill over into Saudi Arabia, an analyst told CNBC.
Who better to help us end our addiction to fossil fuels than someone from a country that has a distinguished history of literally worshipping the sun?
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
The country is about to get hit with another blast of wintry weather, reports WSI Global Forecasting Services. Here's the forecast and a look at possible disruptions that may result.
We can have it all—lower taxes, cheap gasoline, less government, and a total disregard for global problems like climate change—if we just eliminate our wasteful spending on education.
Shi Agassi, CEO and founder of A Better Place, is at Davos, promoting his company, which provides services for electric vehicles.
The price of oil per barrel, now above $86, could top $100, then head up to $130 over time, due to the growing world population, James Rogers, president, chairman and CEO of Duke Energy, told CNBC Wednesday.
President Obama's overtures about ridding the US of dependence on foreign oil were encouraging but should have gone further, energy financier T. Boone Pickens told CNBC.
A new technology designed to protect drivers from potentially deadly collisions and stop thousands of fender-benders is moving closer to being a standard part of every car and truck. In fact, it could be in every new car within the next five to six years.