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
Russian Sakhalin-2's first year-round exports of Vityaz crude will be pushed back to next year due to delays in pipeline commissioning, sources said on Wednesday.
Ascent Solar shares surge more than 19% on news of deal with Hydro Building Systems, a division of Norsk Hydro.
OPEC would likely hold consultations about boosting supply again if the price of oil stayed above $80 a barrel for more than 15-20 days, an OPEC source said on Tuesday.
America's aging energy infrastructure will require massive investment in order to make much needed efficiency improvements, former Exxon Mobil Chief Executive Lee Raymond said on Monday.
“Power Lunch” is in San Francisco to focus on the role of of venture capital in the economy – from alternative energy to biotech to new media – and talk to major players in the field.
Iran's interior minister says his country has finalized oil and gas projects with China. Two-way trade on target to hit $20 billion (14.4 billion euros) this year.
It’s been a busy week for us in the news industry. Japan’s prime minister resigned and was promptly hospitalized; several big earthquakes hit Indonesia; Hurricane Humberto came out of nowhere, hitting the Texas-Louisiana coast with 85-mph winds; and the news highlighter for my little Commodity Store this week – crude oil prices hitting a record peak, crossing the $80 threshold to settle at $80.20 a barrel in New York on Thursday.
Aviation has borne the brunt of environmentalists' ire for causing climate change but the global maritime industry could face similar pressure if it can't agree to curbs in greenhouse gases, industry experts warn.
CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and VW's plans to become the world's biggest carmaker.
Saudi Arabia persuaded OPEC to raise oil output by 500,000 barrels per day on Tuesday in a gesture to consumer nations worried by the economic impact of $77 oil and rapidly diminishing fuel stocks.
The Frankfurt Auto Show kicked off today and as expected, the automakers are all talking about cars that are more fuel efficient, more environmentally friendly, and more viable than the first attempts at building electric or low emission cars.
Twickenham, Stade de France and now the OPEC Secretariat. All venues for some of the greatest rugby scrums of the Twenty First Century.
CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and marvels at Porsche's decision to make a hybrid SUV.
Fuel shortages in the U.S. Midwest are raising concerns corn farmers may have trouble harvesting their bumper crop this autumn.
Most OPEC oil ministers held the line on Sunday that current output is sufficient to meet demand, but the world's biggest exporter Saudi Arabia was silent ahead of a Sept. 11 meeting to chart production policy.
The Organization of Petroleum Exporting Countries (OPEC) will likely keep its official flow of oil steady when its meets Sept. 11 in Vienna, despite concerns that already high prices will spike when winter demand increases.
CNBC Europe's Steve Sedgwick reports from the OPEC meeting in Vienna and has a new idea for making member delegates feel welcome.
Ethanol entrepreneurs making their moves
The world's automakers will make new efforts to win customers over with more environmentally friendly cars at the Frankfurt Auto Show this week as they tout new vehicles with hybrid propulsion and more advanced, cleaner engines.