Oil and Gas


  • CNBC's Domm: Today's Agenda in the Markets Friday, 6 Jul 2007 | 8:27 AM ET

    Jobs data will drive direction on what would otherwise be a quiet summer Friday. For now, Wall Street looks firmly higher and world stock markets are mostly in positive territory. China's Shanghai index bounced back after a 5.5% decline yesterday.

  • Stocks End Mixed as Rising Treasury Yields Limit Gains Thursday, 5 Jul 2007 | 6:25 PM ET

    Stocks closed mixed as investors were encouraged by a strong batch of merger news but gains were held in check by rising interest rates.  "The key for the market right now is the ability to digest the fact that the 10-year has moved out of that range that we've enjoyed between 4.5% and 5%," said Russ Koesterich, head of investment strategy at Barclays Global Investors.

  • Oil Futures Rise On Refinery and Nigeria Concerns Thursday, 5 Jul 2007 | 4:06 PM ET

    Oil and gasoline prices advanced Thursday after seesawing on a government report that surprised traders with bearish inventory data and bullish refinery utilization rates.

  • Court Rejects Moncrief Suit Against BASF Thursday, 5 Jul 2007 | 6:59 AM ET

    A German court on Thursday rejected a lawsuit by Moncrief Oil International that sought to void a joint venture between BASF and Gazprom to develop a Siberian gas field.

  • European stock markets were slightly higher Wednesday, following a lackluster session in Asia.

  • Oil Sets 10-Month High Above $73 Wednesday, 4 Jul 2007 | 12:13 PM ET

    Oil set a 10-month high above $73 a barrel on Wednesday, supported by low U.S. fuel inventories and expectations of strong gasoline demand in the world's top consumer.

  • Dr. Daniel Yergin, CNBC global energy analyst & Chairman of CERA

    What’s the impact of growing competition for energy resources and markets on global politics at a time of high prices? That was one of the main questions at this year’s “East Meets West” conference, just concluded, in Istanbul, Turkey.

  • Three Airline Stocks to Watch Tuesday, 3 Jul 2007 | 1:59 PM ET

    Airline stocks may be taking off -- despite such seeming drags as soaring fuel prices and bankruptcies. Andrew Wilkinson, senior market analyst at Interactive Brokers, told "Power Lunch" viewers why he sees a renaissance in passenger carrier shares.

  • Stocks End Holiday Session Higher Across the Board Tuesday, 3 Jul 2007 | 1:37 PM ET

    Stocks ended a holiday-shortened session with modest gains following mixed economic data and crude oil prices that stretched above $71. "The two days before the July 4 holiday are usually good for the market," said Michael Sheldon, chief market strategist at Spencer Clarke. "There are some headwinds, but overall the atmosphere is generally positive for the second half."

  • Oil Off 10-Month High, Upward March Seen Resuming Tuesday, 3 Jul 2007 | 10:58 AM ET

    Oil retreated on Tuesday after hitting a 10-month high the previous session, but analysts predicted increasing crude oil demand from U.S. refiners and technical factors would soon push prices higher.

  • ConocoPhilips Sees Lower Second-Quarter Production Tuesday, 3 Jul 2007 | 9:06 AM ET

    ConocoPhillips expects its second-quarter production fell from-first quarter levels due to scheduled maintenance in the North Sea, exiting from operations in Dubai, asset sales and seasonality dips in Alaska, the third-largest oil and gas company said Tuesday.

  • Stocks closed higher on Monday and Wall Street kicked off the third quarter with triple-digit gains in the Dow as interest rates continued to slide. "It's largely in reaction to the yield on the 10-year coming back under 5%," said Dan McMahon, head of listed trading at CIBC World Markets. "It's a positive development for stocks."

  • Oil steadied near $71 a barrel on Monday, underpinned by falling gasoline inventories in the U.S. and expectations for a recovery in refinery use.

  • Dominion Resources said Monday it would sell its Mid-Continent natural gas assets to Linn Energy for $2.05 billion, part of its bid to focus more on its power business.

  • Putin's Missile Plan Hurt Stocks, Says Fund Manager Monday, 2 Jul 2007 | 12:46 PM ET

    Russian president Vladimir Putin wants to redirect nuclear missiles toward western Europe, and that will affect investors in the domestic Russian market, according to one portfolio manager. "That's a sign of their [Russia's] inexperience and their poor handling of this public relations challenge, and it definitely does increase political risk," said John Connor, portfolio manager at Third Millennium Russia Fund. "The stock market has indicated that."

  • Kevin Divney, chief investment officer and portfolio manager for Putnam New Opportunities Fund, told CNBC’s “Squawk on the Street” that he believes there will be some second-quarter earnings surprises.

  • Oil -- A Decade Past Monday, 2 Jul 2007 | 3:56 AM ET

    A decade on from Asia's financial crisis, the oil market has witnessed an unprecedented bull run. The surge in prices has seemed unsustainable with some commentators likening the jump to the dot com tech bubble. However, this particular bubble in the commodities market shows no signs of bursting as long as the twin powerhouses in the region -- China and India  -- continue to grow.

  • Emerging Markets: Then And Now Sunday, 1 Jul 2007 | 9:29 PM ET

    Ten years removed from the Asian financial crisis of 1997 the countries which were most affected by the event have rebounded and then some, and market pros say the risk of similar events in the future have decreased now and emerging markets continue to look like a good long-term bet.

  • Week Ahead: Hold the Fireworks! Friday, 29 Jun 2007 | 8:09 PM ET

    The stock market's recently moody and wild swings should give way to a less rambunctious holiday week where traders focus on upcoming earnings and economic fundamentals.

  • Stocks End Lower But Dow Logs 8.5% Quarterly Gain Friday, 29 Jun 2007 | 5:17 PM ET

    Stocks closed a wild trading session modestly lower, but the Dow still managed to end the quarter with a three-month gain of 8.5%. "It was a little all over the place today, but I was happy to see the rally at the end of the day," said Joe Ranieri, managing director of Nasdaq trading at Canaccord Adams.

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