*Shrinking factory activity in China limits oil demand growth. SINGAPORE, May 24- Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.» Read More
XTO Energy said Tuesday it would buy crude oil and natural gas producer Hunt Petroleum for $4.186 billion in cash and stock.
Saudi Arabia will host a meeting of oil producers and consumers on June 22 to discuss record-high prices that are unbearable, OPEC's Secretary General said on Tuesday.
Russia's Gazprom, the supplier of a quarter of Europe's natural gas, expects the price of crude oil to almost double as the decade draws to a close...
Russian gas utility Gazprom aims to become the world's biggest company with market capitalisation of $1 trillion within 7 to 10 years, chief executive Alexei Miller told a press conference in Deauville, northern France.
The International Energy Agency released its monthly oil report this morning. News headlines trumpeted the agency’s forecast of reduced demand for the fifth consecutive month. However, the market has jumped all over a forecasted decline in Non-OPEC oil production of 300,000 barrels per day.
Saudi Arabia's oil output increase by almost 500,000 barrels a day this quarter, to 9.54 million barrels, CNBC has learned from sources in the Saudi Oil Ministry.
Chrysler is not playing up the Challenger's HEMI engine as the classic muscle car returns. Who can blame them. The HEMI was a hot selling point a few years ago when gas was cheap and buyers clamored for power.
Public worry number one is now oil, jobs, and the economy, with the inflationary woes of the U.S. dollar right underneath. The candidate who can connect with these issues will win in November. But so far neither Obama nor McCain are dealing with the new political reality.
As the dollar amounts involved in just one trade in oil soar, commodity exchanges are demanding increasing margins to protect themselves in the event of a default.
The U.S. trade deficit widened more than expected in April as the price of imported oil hit a record, pushing overall imports to an all-time high, a Commerce Department report showed Tuesday.
World oil demand will rise at its slowest pace in six years during 2008 as a raft of fuel subsidy cuts in Asia erodes consumption, the International Energy Agency said on Tuesday.
Is the world running out of oil? Or gold, or wheat, or almost any other commodity you care to name? What are the factors driving crude oil's ascent to new peak prices? Charting Asia takes a look at the technicals.
There's nothing wrong with riding the coattails of big shots like Carl Icahn – but only if you've done your homework first.
Despite what you heard, this show is not just about stock picks. Find out what you should really be taking away from Cramer's recommendations.
Plus, are scooters the play on rising gas prices?
The Dow ended with modest gains after Lehman Brothers weighed down stocks by announcing its first quarterly loss since being spun off by American Express in 1994. What's the "Word on the Street?"
Sure, you can cry about high gas prices. But Cramer has a better idea.
Skyrocketing oil and gas pump prices have become public enemy number one on the economics front, and politically priority number one out on the campaign trail. (Though neither Obama nor McCain have really connected with the public’s desire to drill and produce more oil as a way of getting gas prices down.)
High prices mean these, and other key producing countries, don’t need the incremental revenue. They are getting plenty of revenue through price, they don’t need to get it through volume.
Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday...