Chevron Chairman & CEO John Watson explains the major costs and risks for companies in the energy industry, and discusses oil pricing.» Read More
TRIPOLI, March 11- Libya's parliament voted Prime Minister Ali Zeidan out of office on Tuesday after rebels humiliated the government by loading crude on a tanker that fled from naval forces, officials said, in a sign of the worsening chaos in the OPEC member state.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*France says sanctions on Russia could come this week. Brent oil futures rose slightly on Tuesday, supported by tensions over Ukraine as the European Union and United States prepared sanctions against Russia that could come soon.
TRIPOLI/ ES SIDER, Libya, March 11- Libya's navy opened fire on Tuesday on a tanker carrying oil from a rebel-held eastern port and Italian vessels are helping to secure the now-stationary vessel, a Libyan military spokesman said.
BRUSSELS, March 11- Russia's seizure of the Crimea region of Ukraine is spurring the European Union to renew efforts to end decades of dependence on Russian gas by developing its own energy supplies and pushing for greater access to abundant U.S. resources.
CARACAS, March 11- Venezuela on Tuesday published rules for an imminent new foreign exchange platform designed to ease dollar shortages and combat black market trading through a market-based mechanism.
*Western powers worry Libya will slide into chaos. TRIPOLI/ ES SIDER, Libya, March 11- Libya's parliament voted Prime Minister Ali Zeidan out of office on Tuesday after a tanker loaded with oil from a rebel-held port escaped the navy, officials said.
LONDON, March 11- British oil company BP said none of its currency traders had engaged in inappropriate trading activity, after a media report alleged one of them had received information from a dealer at Lloyds Banking Group.
CARACAS, March 11- Venezuela on Tuesday published rules for a new foreign exchange platform designed to ease dollar shortages and combat black market trading through a market-based mechanism alongside existing currency controls.
*LNG vessel rates halve to $70,000/ day. LONDON, March 11- Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. Earnings have halved to around $70,000 per day over the past year, leaving only a thin profit margin.
CNBC's Rick Santelli and Yra Harris, Praxis Trading partner, discuss how Vladimir Putin influences the global markets and the German economy.
*Gazprom says deals on South Stream link to be signed this month. LONDON, March 11- Russia's Gazprom, disregarding European Commission plans to delay talks, said it expected to sign deals this month on building its major South Stream pipeline to carry gas to central and southern Europe without crossing Ukraine.
Barry Davis, EnLink Midstream president & CEO, discusses details of the massive deal that mergers Devon Energy with Crosstex Energy and shares his thoughts on processing areas rich in shale oil. The biggest headwind is managing regulations, says Davis.
NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.
ES SIDER, Libya, March 11- A North Korean-flagged tanker that loaded crude oil at a rebel-held port in eastern Libya is now in international waters, rebels at the harbour and a state oil company official said on Tuesday.
T. Boone Pickens, BP Capital founder, discusses how natural gas inventories are likely to impact the price of natural gas.
T. Boone Pickens, BP Capital founder, shares his plans to use natural gas to fuel vehicles. It would be a "nightmare" to have the government build the infrastructure, says Boone.
T. Boone Pickens, BP Capital founder, talks about the nation's energy boom and sounds off on Russia's attempt to profit from Ukraine's natural resources.
*France says sanctions on Russia could come this week. LONDON, March 11- Brent oil futures rose above $108.50 a barrel on Tuesday, supported by building tensions in the Ukraine crisis as the West threatened sanctions against Russia as early as this week.
SINGAPORE, March 11- Brent futures recovered on Tuesday and held above $108 a barrel as a worsening crisis over Ukraine stoked supply disruption fears, while concerns over demand growth from the world's two biggest oil consumers kept prices under pressure.