Chevron Chairman & CEO John Watson explains the major costs and risks for companies in the energy industry, and discusses oil pricing.» Read More
I watched the latest vote results from rank and file United Auto Workers at Chrysler and thought to myself, "what do these people want?" Through the weekend an estimated 11,000 UAW have rejected the tentative contract the union agreed to with Chrysler. Some 6,000 have voted in favor of it.
Kuwait said on Monday it had reached a preliminary deal with Exxon Mobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
Oil prices, trading near a record high of $90 a barrel, could hit $100 because of political tension and speculation, the top oil official of OPEC member Libya said on Monday.
Worry about slowing economic growth and a new bout of credit fears ignited the global sell off in stocks which continues into the U.S. open. Wall Street was the first market to spiral downward in Friday's big sell off amid worries the U.S. sub prime mess will take longer to sweep away than expected and is fanning out into other types of credits.
Turkey's main stock index opened 6 percent down on Monday after a major rebel attack on Turkish soldiers increased pressure on the government to launch a cross-border incursion into northern Iraq.
U.S. average retail gasoline prices rose by nearly 5 cents and are poised to rise further as those who make, distribute and sell gasoline see their profit margins squeezed, according to an industry analyst.
Oil prices are not rising because of a lack of crude in the market and so any increase in OPEC output is unlikely to help bring them down, a senior Iranian oil official was quoted as saying on Sunday.
Fear returned to Wall Street this past week, and the Fed's meeting Oct. 31 is now being looked at as a necessary balm for the markets. Rightly or wrongly, that's how traders are see it, and they now expect the Fed to cut its target Fed funds rate and probably discount rate by a quarter point at that meeting.
Commodities have been one of the hottest areas in the financial markets in recent years, but investors need a cool hand to gauge where and when to enter the game.
Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday. Boone Pickens offered CNBC his insights.
Arch Coal Friday that third-quarter profit fell 46 percent as a result of production cuts, missing Wall Street forecasts, but the miner said market conditions were improving.
The major European indexes closed in the red Friday as fresh record highs in the price of oil and a soaring euro versus the dollar gave rise to economic concerns. Banking stocks were among the worst performers, with the Dow Jones STOXX banking index down 1 percent.
The world's largest oil service company Schlumberger said Friday third-quarter profit climbed 35 percent on strong growth in its international markets, but soft North American results knocked its stock price down as much as 10 percent.
Some of Georgia Tech's finest go head-to-head with Skeedaddy on stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Natural gas in storage in the U.S. grew last week and is 6.7 percent above the five-year average for this time of year, a government report said Thursday.
Some big earnings reports and the afterglow of Google's solid profit report will compete with worries about credit issues and the background chatter of G-7 officials Friday. The U.S. dollar's record-setting slide and oil's record-setting rise will also be a focus. Oil broke through a record $90 per barrel in electronic trading Thursday evening.
With oil prices at record highs and supplies tight, seven Democratic senators Thursday asked the U.S. Energy Department to suspend deliveries of crude to the nation's emergency petroleum stockpile.
Volatile oil may cause headaches for some, but it’s money, baby, for Intercontinental Exchange.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Speculation that Turkey will use force against Kurds in Northern Iraq is pushing oil to record after record this week.
Oil prices extended a record rally to more than $89 a barrel on Thursday, supported byrecord weakness in the dollar, lingering geopolitical worries and tight inventories heading into winter.