Oil and Gas


  • Oil rallied above $65 a barrel as fresh refinery and pipeline problems in the U.S. reignited fears over gasoline supplies as the summer peak in gasoline demand in the world's largest consumer approaches.

  • Macy’s CEO Says Gasoline Prices No Problem Friday, 1 Jun 2007 | 2:29 PM ET

    As the Macy’s name replaced Federated Department Stores on the New York Stock Exchange Friday, heralded by the new ticker symbol, “M,” Macy’s CEO Terry Lundgren shared insights with CNBC’s Erin Burnett on “Squawk on the Street.”

  • Regulators postponed a decision Friday on revoking the license of BP's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.

  • Stocks closed mixed as investors awaited key employment data out Friday, but the market overall ended the month of May with solid gains. The Dow Jones Industrial Average, which edged lower on Thursday, finished up 4.4% for the month. The Nasdaq closed higher and was up 3% for May. The S&P 500, which closed at a new record high for the second straight day, rose 3.4% for the month

  • Oil rose Thursday, recovering from early losses to close above $64 a barrel as U.S. government data showed crude oil inventories fell unexpectedly last week.

  • Stop Trading! Thursday, 31 May 2007 | 3:24 PM ET

    Is the individual investor coming back to the market?; Ralph Lauren runs the retail space; and the play for a hairy hurricane season.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.

  • Gasoline Prices Continue to Move Unpredictably Thursday, 31 May 2007 | 12:21 PM ET

    At least one thing is certain about gasoline prices: no one knows which way they're headed.Two experts offered very different predictions on "Morning Call" about what people will be paying at the pump this summer.

  • CNBC's Domm: Today's Agenda in the Markets Thursday, 31 May 2007 | 8:20 AM ET

    Stocks are looking higher this morning after markets worldwide rode the wave of Wall Street's record-setting session yesterday. Wall Street was greeted this morning by merger news involving one of its own. Wachovia is buying Midwest broker A.G. Edwards for $6.8 billion, ranking the combined firm as one of the Street's biggest brokers and giving a big endorsement to the prospects for the retail brokerage and asset management businesses.

  • Dubai 'Sour' Futures Contract to Launch Thursday, 31 May 2007 | 6:24 AM ET

    The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

  • Norwegian industrial group Norsk Hydro reported a smaller-than-expected 12% drop in first-quarter operating profit, helped by strong results for its aluminium metal business.

  • Oil Rises in $63 Range Supported by Nigeria Concerns Wednesday, 30 May 2007 | 5:10 PM ET

    U.S. crude finished up slightly on Wednesday after Tuesday's sharp selloff and gasoline futures fell to a 3-week low ahead of weekly data on U.S. petroleum inventories.

  • Stocks Rally to Record Highs Amid Positive Rate Outlook Wednesday, 30 May 2007 | 5:03 PM ET

    Stocks soared to new records as investors speculated that the Federal Reserve is unlikely to raise interest rates anytime soon. "Inflation, although it's their predominant worry, is likely to ease back and that's just a picture perfect recipe for the market," said Stuart Schweitzer, global markets strategist at JP Morgan Private Bank.

  • Mutual Fund Report: Five-Star Managers Wednesday, 30 May 2007 | 4:24 PM ET

    Don't let the summer doldrums strike your portfolio. We've rounded up several five-star mutual fund managers to offer up on their latest strategies and best investment ideas.

  • Has Democratic Control Been Good for Business? Wednesday, 30 May 2007 | 3:46 PM ET

    The markets always seem to like gridlock in Washington. But has Democratic control of Congress actually been good for business? Three experts discussed the minimum wage hike, prescription drug costs, and tax breaks for big oil from different ends of the spectrum on "Power Lunch."

  • ExxonMobil Still a Good Investment, Analyst Says Wednesday, 30 May 2007 | 9:25 AM ET

    ExxonMobil, which holds its annual meeting today, will attempt to allay shareholder concerns about environmental and governance issues, including whether Chairman Rex Tillerson should be reelected. One analyst said that despite public concern for the environment, which he attributes to higher energy prices and surging gas prices at the pump, Exxon's primary responsibility of making money for investors in the long term hasn't changed.

  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 30 May 2007 | 8:51 AM ET

    Wall Street is heading for a down day after China's move to cool its overheated stock market with a tax hike drove Shanghai shares down 6.5% and pulled the floor out of stock buying around the world. Asian markets closed lower and European stocks are down across the continent. Some buyers appear to be moving into U.S. Treasurys where rates are slipping this morning.

  • Statoil Poised to Grow After First-Quarter Profit Drop Wednesday, 30 May 2007 | 5:03 AM ET

    Norway's Statoil posted weaker-than-expected first-quarter profit due to lower oil and gas prices on Wednesday, but said it was poised to grow after resolving production problems at several North Sea fields.

  • U.K., Libya Unveil Energy, Arms Deals on Blair Trip Tuesday, 29 May 2007 | 7:19 PM ET

    British Prime Minister Tony Blair hailed what he called Britain's transformed relations with once-isolated Libya after meeting Muammar Gaddafi on Tuesday and the two countries unveiled major energy and defense deals.

  • Where the Wild Bull Markets Are: Part 3 Tuesday, 29 May 2007 | 6:48 PM ET

    Cramer's going underground to find the last two sectors he thinks are red hot.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.

  • Stocks closed moderately higher, with the Dow rising in late trading, as investors found encouragement in continued M&A news. "The private equity game, in my view, is in the early innings and corporate credit spreads are telling you that," said Jason Trennert, chief investment strategist at Strategas Research Partners.

Contact Oil and Gas


    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Wednesday, 16 Apr 2014 | 9:37 AM ET

CNBC's Bob Pisani looks at what's likely to move in early morning trading, including the public debut of Moelis & Company, and a look at bank earnings and market leaders.

Wednesday, 16 Apr 2014 | 7:50 AM ET

John Calipari, University of Kentucky basketball coach, discusses building "servant leadership" in his team, and the big business of college basketball.

Wednesday, 16 Apr 2014 | 9:04 AM ET

The "Squawk on the Street" news team break down Bank of America's Q1 earnings loss thanks largely to legal expenses related to the financial crisis.