Oil and Gas


  • Pick Your Alternative Friday, 14 Sep 2007 | 12:10 PM ET

    As goes oil, so goes the rest of the energy sector. As oil closes above $80 for the first time, what’s the best alternative in the alternative energy space?

  • Iran, China Strike Oil and Gas Deal Friday, 14 Sep 2007 | 11:59 AM ET

    Iran's interior minister says  his country has finalized oil and gas projects with China.  Two-way  trade  on target to hit $20 billion (14.4 billion euros) this year.

  • On the Line: XTO Energy CEO Bob Simpson Thursday, 13 Sep 2007 | 3:33 PM ET

    The "best executive in the oil patch" talks growth, hedging and acquisitions with Cramer.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.

  • Oil Settles Above $80 For First Time Thursday, 13 Sep 2007 | 3:24 PM ET
    Oil Refinery

    Crude oil settled at $80.09 in New York trading, the first time it ever closed above $80 (in nominal dollars).

  • What, Me Worry? Most Shrug Off Subprime Mess Thursday, 13 Sep 2007 | 1:02 PM ET

    Americans are relatively unconcerned about the subprime mortgage troubles, and they say President Bush is doing a better job, according to the latest NBC News/Wall Street Journal poll.

  • GM Helps Drive Stocks Higher Thursday, 13 Sep 2007 | 9:46 AM ET

    Stock prices are shifting into high gear as a GM upgrade and a dividend boost from McDonald's helps sentiment. The dollar is firming slightly and oil trades near record levels. Europe's stock markets turned higher after early losses, and Asian markets were mostly higher overnight.

  • OPEC Daily Basket Price Reaches New Historic High Thursday, 13 Sep 2007 | 7:18 AM ET

    The price of the OPEC basket of twelve crudes reached a new record Wednesday, hitting $74.21 a barrel, compared with $73.13 on Tuesday, OPEC said today in a statement.

  • If oil is at a record high, why aren't gasoline prices higher? One big reason comes every year at this time -- the seasonal decline in summer driving, says CNBC's Sharon Epperson.

  • Stocks Face Pressure, Oil Higher And Dollar Lower Wednesday, 12 Sep 2007 | 6:46 PM ET

    Stocks are under pressure ahead of the opening as the dollar touches new lows, oil edges higher and Texas Instruments earning forecast disappoints. For now, stock futures are lower and European markets are mixed.

  • Oil Soars to Record High Of Nearly $80 a Barrel Wednesday, 12 Sep 2007 | 4:07 PM ET
    Oil Pipeline

    Oil prices settled at a record high that neared $80 a barrel following a bigger-than-expected decline in U.S. crude supplies last week.

  • Oil Hits $80 for First Time Wednesday, 12 Sep 2007 | 2:30 PM ET
    Oil Refinery in California

    Oil prices briefly rose to a record $80 a barrel in afternoon trading Wednesday, after the government reported a surprisingly large drop in crude oil inventories and declines in gasoline supplies and refinery activity.

  • The Gas Diet: Higher Prices Means A Thinner You!? Wednesday, 12 Sep 2007 | 10:05 AM ET

    Now we know why Europeans are thinner than we are. It has nothing to do with diet. It's because they pay so much more for gasoline. What? It's true! At least according to a study by a doctoral student from Washington University in St. Louis.

  • Buffett Continues to Shed Stake in PetroChina Wednesday, 12 Sep 2007 | 8:13 AM ET

    U.S. investor Warren Buffett's Berkshire Hathaway sold more of its stake in top Chinese oil producer PetroChina in late August, selling about US$136 million worth of shares, as it took profits on what has been a lucrative holding.

  • IEA Cuts 2007, 2008 Oil Product Demand Forecast Wednesday, 12 Sep 2007 | 5:22 AM ET

    The International Energy Agency has modestly revised down its oil product demand forecasts for both 2007 and 2008, citing doubts over the growth prospects of the US economy, mild weather, and the high price of crude.

  • VW Takes on Toyota Wednesday, 12 Sep 2007 | 4:23 AM ET

    CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and VW's plans to become the world's biggest carmaker.

  • Crude Oil Closes at New Record Despite OPEC Move Tuesday, 11 Sep 2007 | 5:03 PM ET
    Oil Refinery in California

    Crude oil closed at a new record of $78.23 on the New York Mercantile Exchange as traders turned their attention to a government inventory report expected to show tight supplies and shrugged off OPEC's decision to boost output.

  • Oil Irony: Prices Rise Even As OPEC Opens Taps Tuesday, 11 Sep 2007 | 4:57 PM ET

    In an ironic twist, oil prices rode to a record high on the same day OPEC agreed to open its taps. Earlier today, the Organization of Petroleum Exporting Countries said it would boost production by 500,000 barrels a day, a move forced on the cartel by worries about the possibility of a housing-induced U.S. economic slowdown.

  • OPEC Agrees to Modest Boost In Crude Output Tuesday, 11 Sep 2007 | 4:07 PM ET
    Oil Refinery

    Saudi Arabia persuaded OPEC to raise oil output by 500,000 barrels per day on Tuesday in a gesture to consumer nations worried by the economic impact of $77 oil and rapidly diminishing fuel stocks.

  • U.S. Sees Less Energy Use with Weaker Global Economy Tuesday, 11 Sep 2007 | 3:01 PM ET

    World oil demand in the fourth quarter is expected to be 2 million barrels a day higher compared to levels a year earlier, but future oil use could be less if the global economy slows, the U.S. government's top energy forecasting agency warned on Tuesday.

  • Saudis 1, Everyone Else 0 Tuesday, 11 Sep 2007 | 2:23 PM ET

    So there we have it. A long, drawn out battle has been won once again by the globe’s mightiest oil producer: Saudi Arabia.

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