GO
Loading...

Oil and Gas

More

  • US puts off decision on Keystone XL pipeline Friday, 18 Apr 2014 | 2:48 PM ET

    In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision— but declined to say how much longer.

  • RIO DE JANEIRO, April 18- Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

  • WASHINGTON, April 18- The U.S. State Department will on Friday extend the government comment period on the Keystone XL pipeline, said sources familiar with the plans, likely postponing a final decision on the controversial project until after the Nov. 4 midterm elections.

  • General Electric predicts healthy China growth Friday, 18 Apr 2014 | 12:03 PM ET

    General Electric expects healthy growth in China this year, despite mounting concerns about the economy, its CFO said.

  • *PetroChina to triple spending from $500 mln past few years. BEIJING, April 18- Chinese state energy giant PetroChina plans to spend more than 10 billion yuan on shale gas this year, sources with knowledge of the matter said, as domestic competition heats up after rival Sinopec announced a commercial find.

  • *BP pays billions in compensation but some claims still unpaid. April 18- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

  • ANKARA, April 18- Turkey will seek a discount in the price of gas it buys from Russia in talks with the deputy head of state-controlled Gazprom next week when he visits Ankara, Turkey's energy minister said on Friday.

  • BEIJING, April 18- China has launched an intense media campaign to defend the safety of producing a chemical used to make polyester fibre, as public opposition to new petrochemical plants threatens to disrupt expansion plans by state energy giants such as Sinopec Corp..

  • *Canadian company ready to mine off Papua New Guinea. NEWCASTLE, England/ LONDON, April 18- The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea- when a wrangle over terms is solved. The world waits for the judgement of a United Nations agency based in Jamaica.

  • Cramer wishes CNBC a Happy 25th birthday!     Thursday, 17 Apr 2014 | 6:40 PM ET

    Mad Money's Jim Cramer reflects on CNBC's evolution over the past 25 years.

  • NEW YORK, April 17- Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. These draw representatives from mainstream investment firms like T. Rowe Price, Gabelli& Co and Morgan Stanley& Co..

  • *U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday, stalling below $100 a barrel after the United States, Russia, Ukraine and the European Union jointly called for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.

  • Commodities tomorrow: Gold under $1,300     Thursday, 17 Apr 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.

  • April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.

  • Coffee surges on renewed concern about crop Thursday, 17 Apr 2014 | 3:19 PM ET

    Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound. Brazil is the world's largest coffee producer, accounting for about a third of global production, according to the International Coffee Organization. Coffee in Brazil isn't harvested until June.

  • Kudlow: Raise dollar, will knock oil down     Thursday, 17 Apr 2014 | 2:18 PM ET

    American oil companies are telling our U.S. state department they don't want a full-scale financial sanctions war, explains CNBC's Larry Kudlow. He makes the case for raising the value of the U.S. Dollar by 15 percent which he says will kill the price of oil.

  • SAO PAULO, April 17- Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.

  • *U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.

  • Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.

  • Ex BP-employee settles US insider-trading charges Thursday, 17 Apr 2014 | 1:22 PM ET

    WASHINGTON— A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.

Contact Oil and Gas

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Thursday, 17 Apr 2014 | 12:58 PM ET

The FMHR traders reveal their final trades.

Friday, 18 Apr 2014 | 11:00 AM ET

Are economic growth expectations too high? CNBC's Jeff Cox explains.

Friday, 18 Apr 2014 | 12:00 PM ET

CNBC's Stephanie Landsman discusses how the luxury rental boom isn't confined to New York City and its boroughs, but that developers are seeing new opportunities in New Jersey.