Oil and Gas


  • CNBC Europe Video: Earnings Roundup Tuesday, 23 Oct 2007 | 11:24 AM ET

    It was a busy Tuesday for earnings reports, with several big-name companies issuing latest results. Here's what market analysts and corporate executives appearing on CNBC Europe had to say about the latest numbers.

  • BP Profit Tumbles as Production Falls Tuesday, 23 Oct 2007 | 10:59 AM ET

    BP reported a 45 percent fall in third-quarter replacement cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales, which had flattered the year-earlier result.

  • OPEC Oil Output Rises in October: Petrologistics Tuesday, 23 Oct 2007 | 5:58 AM ET

    OPEC is already raising oil supply in response to record prices and in advance of its deal to increase output from November, a consultant who tracks tanker movements said on Tuesday.

  • Market Insider/Tuesday Look Ahead Monday, 22 Oct 2007 | 7:21 PM ET

    As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.

  • Stop Trading!: Buy Minerals Monday, 22 Oct 2007 | 3:19 PM ET

    Sell the financials and buy the oversold mineral and oil stocks, Cramer said.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.

  • Chrysler/UAW: What's Wrong With The Contract Monday, 22 Oct 2007 | 10:56 AM ET

    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's KOC, Exxon Sign Heavy Oil Production Deal Monday, 22 Oct 2007 | 10:14 AM ET

    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.

  • Libya's Ghanem Says No Surprise if Oil Hits $100 Monday, 22 Oct 2007 | 9:51 AM ET

    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.

  • Global Stock Sell Off Continues Monday, 22 Oct 2007 | 8:46 AM ET

    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.

  • Turkish Stocks Fall 6% on Northern Iraq Concerns Monday, 22 Oct 2007 | 3:20 AM ET

    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.

  • US Gasoline Prices Up 5 Cents to $2.80 A Gallon Sunday, 21 Oct 2007 | 3:25 PM ET

    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.

  • Iran Says Extra OPEC Oil Unlikely to Curb Prices Sunday, 21 Oct 2007 | 10:50 AM ET

    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.

  • Market Insider: The Week Ahead Friday, 19 Oct 2007 | 9:23 PM ET

    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.

  • Best Bets: Shopping For Commodities Friday, 19 Oct 2007 | 4:55 PM ET

    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 Edges Down from New High Above $90 Friday, 19 Oct 2007 | 2:26 PM ET
    Oil Refinery

    Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday.  Boone Pickens offered CNBC his insights.

  • Arch Coal Profit Misses Forecasts on Production Cuts Friday, 19 Oct 2007 | 12:53 PM ET

    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.

  • European Markets End Lower, Banking Stocks Slip Friday, 19 Oct 2007 | 12:22 PM ET

    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.

  • Schlumberger Profit Up, but Shares Plummet Friday, 19 Oct 2007 | 11:40 AM ET

    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.

  • Students Pick, Cramer Decides Friday, 19 Oct 2007 | 11:19 AM ET

    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.

  • US Natural Gas in Storage Grows Friday, 19 Oct 2007 | 11:15 AM ET

    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.

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