Oil and Gas


  • 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.

  • Oil Closes Above $70 On Gasoline Inventory Worry Friday, 29 Jun 2007 | 4:22 PM ET

    Oil prices rose above $71 a barrel on Friday as investors focused on falling gasoline and crude stocks in key regions of the United States, the world's top consumer.

  • ** FILE ** This undated photo shows a Shell Oil rig in the Niger Delta, Nigeria. Nigeria's latest hostage crisis came to a peaceful end Sunday, June 4, 2006, as six Britons, one American and one Canadian held captive for two days were released unharmed, looking tired, but in good health. A group of unidentified militants from southeastern Bayesla state who were demanding jobs and money kidnapped the expatriates Friday from an offshore oil platform operated by Dolphin Drilling Ltd. (AP Photo/Shel

    Crude oil futures enjoyed an extended rally after a government inventory report, released Wednesday, showed that U.S. petroleum product inventories dropped unexpectedly. The news, which helped push oil prices up around the $71-a-barrel mark, was surprising because it followed a step-up in refinery activity. With futures around a 10-month high, CNBC.com talked to John Kilduff, a senior vice president at Man Financial, about his views on the oil market. Here's what he had to say:

  • Emerging Markets Forecast: Hot and Cold Friday, 29 Jun 2007 | 12:49 PM ET
  • CNBC's Domm: Today's Agenda in the Markets Friday, 29 Jun 2007 | 9:12 AM ET

    Stocks may open higher after early weakness on this final day of the second quarter. European markets are mostly lower, and Asia was mixed with Tokyo up 1%. The discovery of an explosive device in a car in London impacted market tone in Europe.

Contact Oil and Gas


    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Thursday, 17 Apr 2014 | 5:00 AM ET

Today is CNBC's 25th anniversary. There have been a lot of great moments in the network's history. Here are just a few.

Thursday, 17 Apr 2014 | 3:15 AM ET

Jonny Forsyth, global drinks analyst at Mintel, says China has been a "cash cow" for drink-makers, but the slowdown is having a big impact on sales.

Thursday, 17 Apr 2014 | 1:35 AM ET

CNBC's Helia Ebrahimi discusses the Co-Operative's troubled story from drug buying allegations against the former chairman, to big financial black holes.