TRIPOLI, Dec 7- Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday. Arusi said Libya had lost 9 billion Libyan dinars in oil revenues after output had fallen to 250,000 barrels a day from 1.4 million bpd in July.» Read More
U.S. crude oil futures ended higher for the seventh session in a row on Thursday as gasoline futures rallied amid refinery snags and shrinking supplies.
CNBC's Stock Editor Joe Kernen thinks this week's Dow plunge and the fears it generated are bullish for the stock market.
Russia's Gazprom has discussed forming a joint venture with BP that could work with liquefied natural gas, the state gas monopoly said in a statement Thursday.
As the dust settles from Tuesday's market selloff, one investment guru thinks investors should be assured that the fundamental outlook and valuations of U.S. companies are in good shape.
Stocks finished the day higher after the Fed chairman reassured investors that the economic outlook is not changed. "The (markets) valuation, if anything, has gotten a little bit better," Goldman, Sachs chief U.S. investment strategist Abby Joseph Cohen said. "Going forward, what matters is that the global economy still looks good."
In a CNBC.com web-only Reporter's Notebook discussion with Managing Editor Tyler Mathisen, CNBC's Bob Pisani and Steve Liesman have a soothing message for individual investors who may have been unnerved by Tuesday's big stock plunge.
A look at the largest one-day declines in stock market history.
The worst may not be over, but that doesn't mean investors should panic.
Wall Street took its worst beating in four years, as a sell off in the Chinese stock market triggered a global stock selling spree and raised fears of a slowdown in the world economy. "Asia sneezed and we all picked up a global chill," Frederic Dickson, Chief Market Strategist at D.A. Davidson, told CNBC.com.
Oil prices finished slightly higher Tuesday, after a volatile day that saw prices fall by more than $1 per barrel and then rebound to a 2007 high.
A sell off in global stock markets is depressing Wall Street ahead of the opening and setting the stage for what will likely be a choppy trading day. The Shanghai market was the worst hit, losing 9%, its steepest decline in 10 years. The weakness extended across Asian markets and European stocks are lower.
Stocks closed lower on concerns about economic growth and a rise in crude oil to its highest levels of the year. "Even with the corrective action we've seen since last week, consolidation is occurring in an orderly manner and that's positive," Gene Peroni, Senior Managing Director of Equity Research at Claymore Advisors, told CNBC.com.
When his environmental-apocalypse film An Inconvenient Truth won the Academy Award for Best Documentary feature last night, Al Gore jested, "My fellow Americans, I’m going to take this opportunity here and now to formally announce my intentions..." Immediately, a debate came to a boil: Is the former vice president -- and 2000 presidential candidate -- considering another White House run?
Spain's Gas Natural said Monday profit rose 14% in 2006, boosted by higher energy prices.
A $45 billion megawatt merger could light up at least a few stocks this week. The guarded stock market will otherwise focus on rising oil prices, housing numbers, a batch of economic data, Fed speakers, and the drama surrounding Iran. The oracle of Omaha will issue his latest words of wisdom after the bell Thursday and a few big earnings will make news. Of course, everyone will be watching the Oscars.
Stocks traded lower as selling pressure continued for financial stocks but energy stocks rose after crude oil prices moved above $61 a barrel."The market drifted lower this week on low volume and we're seeing that again today, but nothing has fundamentally changed," said Cowen and Company analyst Mike Malone.
European equity markets looks set to start the week slightly down as concerns over Iran’s nuclear strategy could bump up the price of oil and earnings remain in the spotlight.
Are you ready, Skeedaddy?! Today, Cramer tackles energy, credit cards, gold, and restaurants.
The President's Working Group on Financial Markets vowed to up its vigilance of hedge funds -- but its members shied from taking action. SEC Chairman Christopher Cox and Connecticut Attorney General Richard Blumenthal took sides on the matter.
Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.