CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The spread between Brent and WTI is shrinking due to a changing global supply picture, she says.» Read More
About 25,000 barrels of oil spilled into the Norwegian sector of the North Sea at the Statfjord oilfield on Wednesday and rough weather hindered the clean-up, operator StatoilHydro and energy officials said.
A tiny oil-eating bug that lives deep underground may allow the world's oil industry to unlock energy trapped in trillions of barrels of heavy crude, which is costly and dirty to produce using today's methods.
Melissa and I are taking part in the Outlook For '08 predictions, but we decided to split them up. So, out of the eight we are making, I took four and Melissa took four. That way, you'll get double the pleasure next year, of seeing whether the two of us are right!
The 1st part of CNBC Smoke Test - ABSTRACT
Here's an interesting move: take a large SUV that struggles to get great mileage and export it to a market known more for compact cars. That's what GM is doing with its HUMMER brand and its expansion into Japan. I'm not sure this makes sense.
Senate Democrats searched for a compromise on energy legislation as Republican leaders made clear they will oppose oil industry taxes and a mandate for utilities to use more wind and solar-generated electricity.
The House of Representatives Thursday passed an energy bill that would boost vehicle fuel economy requirements by 40 percent by 2020, raise ethanol use by five-fold by 2022 and impose $13 billion in new taxes on big oil and gas companies.
The CEO tells Cramer why shareholders get more than they pay for when they buy this stock.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.
Hi all. This is my first post for Energy Source and like Melissa says, we hope this blog to be informative and fun. So, here I go. Questions, questions. I've been hearing a lot of questions about OPEC lately. In fact, OPEC talk has been all-consuming for the past week as oil prices have slid from over $99 a barrel to a six-week low under $89. But the bigger question many analysts and traders are asking is does OPEC really matter?
Hello and welcome to Energy Source. My colleague, Sharon Epperson and I will be blogging about the all that's energy related in this spot and we hope it will be informative and fun. We'd like to hear from you as well, so drop us an email with your thoughts and comments on anything you read here. We'll certainly post them as we go along. Here we go then.
OPEC oil output fell short of the agreed level in November as field maintenance in the United Arab Emirates blunted the impact of a deal to raise supply, a Reuters survey found on Monday.
A constitutional referendum in Venezuela on Sunday is expected to significantly consolidate the power of President Hugo Chavez -- paving the way for a lifetime presidency and possibly an era of strong-man socialism -- but is not expected to fundamentally alter economic relations with the U.S., which are dominated by oil trade, analysts said Friday.
The Republican presidential candidate talks energy independence, trade tariffs and the mortgage crisis with Mad Money's Jim Cramer.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.
Multinational energy companies are looking at opportunities in Turkmenistan, a country of five million people that borders the Caspian Sea and sits on the world’s fourth or fifth largest reserves of natural gas.
U.S. retailers may be touting their environmental-friendliness this year, but just about the only "green" in evidence for the holidays is in the usual Christmas decorations.
Nuclear power is making a comeback in the US as the high cost of fossil fuels and concern about global warming make uranium-based generation a more attractive option, but the industry still faces regulatory and financial hurdles as well as lingering doubts about safety.
Top Gulf OPEC officials expressed alarm on Wednesday at oil prices threatening to top $100, but reiterated that markets were well supplied and steered clear of saying whether OPEC would raise output next week.
Southern California is sunny, the French Riviera is sunny, but NASA says the middle of the Pacific Ocean and the Sahara Desert in Niger are the sunniest -- and the information could be worth money.
As we wrap up this year, we are close to seeing U.S. auto sales fall to their lowest point in nine years. It has me wondering about what's spooking vehicle buyers? Is it the economy? Is this simply the natural ebb and flow of demand for new cars, trucks and SUV's?
Google said the Web services and online advertising group plans to promote a new initiative to encourage cheap renewable electricity.