*Brent seesaws around $60; U.S. crude around $55. Brent seesawed on both sides of $60 and U.S. crude hovered around $55. "It's a Christmas flood of oil at a time when refiners and producers usually are letting inventories get lower for end-of-year tax reasons, but with this flood of supply there's no place to put it," said Phil Flynn, analyst at Price Futures Group in...» Read More
Global financial watchdogs have backtracked on proposals for greater regulation of the physical oil market due to opposition from oil majors and bodies including the International Energy Agency and the Opec cartel, the FT reports.
Israel is interested in developing natural gas alternatives in the eastern Mediterranean. The problem is that it is in contested waters claimed by not only Israel, but the Palestinian Authority, the Republic of Cyprus and Turkey.
Rich Ilczyszyn, iiTrader.com chief market strategist, discusses whether a gold selloff will spark liquidation.
Forget the sharp slide in oil prices. What’s really concentrating minds in oil markets is the huge sums at stake in a bet on the direction of Brent and WTI — the world’s most heavily traded crude benchmarks.
CNBC's Sharon Epperson takes a look what fueled Wednesday's dramatic slide in oil futures -- the biggest drop in two months -- and where prices could be headed from here.
CNBC's Sharon Epperson reports the latest numbers on crude oil and gasoline inventories.
Sen. Mark Begich, (D-AK), discusses what a delay in Arctic drilling means for the future of oil prices and exploration in the U.S.
In an interview with OilPrice.com, the president of a private intelligence company discusses whether rebels can defeat Syria's President Bashar al-Assad.
The crude oil market signaled a warning to all the markets with its precipitous decline, yesterday.
A look at what triggered oil's rapid price drop on Monday, with CNBC's Sharon Epperson and Tres Knippa, Kenai Capital Management.
A look at how higher gas prices are impacting commuters and businesses, with John Eichberger, National Assoc. of Convenience Stores.
Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.
Shipping magnate John Fredriksen is investing billions in rigs and tankers—despite weak petroleum and global economic forecasts, Oilprice.com reports. So what's fueling his giant bet?
Officials and industry experts are worried that the potential wealth to be made from Afghanistan's resources has increased the level of corruption, violence, and intrigue in the country.
Andrei Gaidamaka, Lukoil deputy CEO, discusses how a drop in crude oil inventories will impact energy exploration and production.
Saudi Arabia, the world's central bank for oil, could become a net oil importer by 2030 according to a new study by Citigroup, the international financial conglomerate.
Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families who will shape the future.
Geopolitical and economic issues are shaping the price of oil more than worries about supply.
Paul Sankey, Deutsche Bank analyst, explains his bearish call on global oil.
US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s U.S. assets have been frozen due to owner Francisco Antonio Colorado Cessa’s links to the Los Zetas drug-trafficking cartel.