Oil and Gas


  • Fuel Efficiency: Dependent On Internal Combustion? Monday, 27 Aug 2007 | 8:33 AM ET
    GM logo, General Motors logo

    Perhaps more than any other comment, the one I hear the most from readers is "when are we gonna see cars and trucks with better mileage?" Typically those comments are followed by questions about hybrids, diesels, or sometimes even electric models. I bring this up because we are at a crossroads in the auto industry. On Friday, GM showed reporters a new engine it's developing that, in theory, will be 15% more fuel efficient.

  • Sell Block Friday, 24 Aug 2007 | 11:34 AM ET

    Cramer spent this week talking about his $80-to-$120 picks. The good news is they’re beating the S&P. The bad news is they’re in the red.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.

  • U.S. stocks bounced off earlier lows but closed with small losses amid ongoing worries regarding the global credit environment. "The conventional logic was that the worst was behind us but then reality set in and there's still trouble out there," said Dan McMahon, head of listed trading at CIBC World Markets.

  • BP Offers Gazprom Trinidad LNG for Global Venture Thursday, 23 Aug 2007 | 6:51 AM ET

    BP has offered to contribute part of its liquefied natural gas business in Trinidad and Tobago to its global venture with Russian gas monopoly Gazprom, a newspaper reported on Thursday.

  • Oil major BP has offered to contribute part of its liquefied natural gas business in Trinidad and Tobago to its global venture with Russia's gas monopoly Gazprom, a newspaper reported on Thursday.

  • Australia's Santos First-Half Profit Net Falls 29% Wednesday, 22 Aug 2007 | 10:46 PM ET

    Australian oil and gas producer Santos on Thursday reported a 29% drop in first-half net profit as record production was more than offset by a strong Australian dollar and higher depreciation.

  • A late rally pushed U.S. stocks sharply higher at the close as takeover news and rate-cut speculation overshadowed jitters about tighter credit markets. "We think that liquidity is returning to the market after being problematic," said Kevin Cronin, head of investments at Putnam. "We think the Fed's actions last week righted the ship."

  • CNBC's Bolling: "Ignore OPEC-They Cheat" Wednesday, 22 Aug 2007 | 4:38 PM ET

    With oil hitting fresh 19-month lows (U.S. crude oil futures are slightly higher today) investors are beginning to wonder, where’s OPEC? The Wall Street Journal is reporting that the cartel is mulling over whether to hold an emergency meeting. In addition, they’re talking about additional production cuts. But to coin a phrase “talk is cheap.” On CNBC’s “Morning Call” Liz Claman investigated whether OPEC has any ‘real’ control over oil prices.

  • Oil Drops Below $70 on U.S. Stockpile Data Wednesday, 22 Aug 2007 | 2:32 PM ET

    Oil fell Wednesday after a U.S. government report showed American crude inventories rose unexpectedly last week, easing supply concerns

  • Libya Sees No Reason For OPEC Oil Output Change Wednesday, 22 Aug 2007 | 8:08 AM ET

    OPEC member Libya does not see a need for the exporter group to cut or increase its oil output at a September 11 meeting, the country's top oil official said on Wednesday.

  • Oil nudged up from steep losses on Wednesday as traders looked toward an expected decline in weekly U.S. crude and gasoline stocks after discounting the threat of a significantly weakened Hurricane Dean to oil flows.

  • Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 10.6% rise in first-half net profit on Wednesday, due to higher output, and reaffirmed its 2007 production forecast.

  • U.S. stocks ended mixed as the investors looked for signs that the Federal Reserve may cut interest rates again soon.  "I think it's encouraging that we are kind of stabilizing after last week's turmoil,"  said Alec Young, equity market strategist at Standard & Poor's.

  • Oil Stays Below $70 As Hurricane Dean Weakens Tuesday, 21 Aug 2007 | 4:55 PM ET

    Crude oil prices closed below $70 per barrel Tuesday, as Hurricane Dean weakened from  Category 3 to Category 1, making it appear that the storm will have no lasting effect on Gulf of Mexico oil production.

  • Exxon Mobil Delays Work on Louisiana Gasoline Unit Tuesday, 21 Aug 2007 | 2:49 PM ET

    Exxon Mobil has delayed work on the 71,600 barrel per day gasoline-making fluid catalytic cracking unit at its 188,160 barrel per day refinery in Chalmette, La., trade sources said on Tuesday.

  • Kazakhstan threatened on Tuesday to revoke an Eni-led consortium's permit to exploit the giant offshore Kashagan oilfield due to environmental law violations.

  • U.S. stocks ended mixed but were well off the day's lows amid sustained credit market worries. "We're probably through the brunt of the volatility stage," said Keith Wirtz, chief investment officer at Fifth Third Asset Management.

  • Oil fell more than $1.50 on Monday after forecasts projected Hurricane Dean would skirt to the south of the U.S. Gulf of Mexico that is home to half of U.S. refining capacity and pumps a third of its oil.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 20 Aug 2007 | 8:57 AM ET

    Wall Street is set for a higher open after world stock markets rebounded in a Fed-inspired relief rally. Tokyo stocks were up 3%, the biggest gain in more than a year, in its first trading day since the Fed move. European stock markets, up sharply Friday, continue to rise this morning.

  • The Week Ahead: Fed Stirs Debate Sunday, 19 Aug 2007 | 5:36 PM ET

    Investors hoping for the quiet dog days of August may find a reprieve from the market's summer storm next week, but they more likely will find themselves in markets tossed by a debate on the Fed's next move and the health of the economy.

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