GO
Loading...

Oil

More

  • Oil prices drop as Middle East tension ease Tuesday, 21 Apr 2015 | 10:10 PM ET

    *Saudi Arabia ends military campaign in Yemen. SINGAPORE, April 22- Oil prices extended declines on Wednesday as Middle East tension eased after Saudi Arabia ended a military campaign in Yemen, while industry data showed that a larger-than-expected build in U.S. oil inventories. Saudi Arabia announced on Tuesday it was ending a month-long campaign of air...

  • NYMEX-Oil falls further on big build in U.S. stocks Tuesday, 21 Apr 2015 | 7:26 PM ET

    TOKYO, April 22- U.S. crude futures extended declines on Wednesday after Saudi Arabia ended a military campaign in Yemen, while industry data showed that a larger-than-expected build in U.S. oil inventories. *NYMEX crude for new June delivery was down 20 cents at $56.41 a barrel by 2318 GMT. *Saudi Arabia announced on Tuesday it was ending a month-long campaign of...

  • Commodities tomorrow: Crude pulls back   Tuesday, 21 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude pulls back

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down slightly on the day as traders expect a bigger build in inventories and Saudi Arabia kept its output high.

  • Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon in the Gulf of Mexico on April 21, 2010.

    BP CEO Bob Dudley discusses how BP has changed in five years since the Gulf oil spill, and consolidation in the energy industry. Dudley says no company has approached him about buying BP.

  • The low oil price CEOs think will last for years Tuesday, 21 Apr 2015 | 3:43 PM ET
    Gas prices

    Oil CEOs expect low oil prices to linger for at least a few years, due to a market flush with private financing and productive wells.

  • *Saudi end of Yemen bombing eases Mideast tensions. NEW YORK, April 21- Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in U.S. crude stockpiles. The Saudi-led coalition bombing Yemen said its three-week operation against Iran- allied...

  • "The bears seem to be having an edge this week after the strong gains of the past week," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut. U.S. crude's front-month, which expires at the close of Tuesday's session, was down 43 cents, or almost 1 percent, at $55.95 a barrel by 1:23 p.m. EDT. U.K. North Sea Brent crude, the more widely used benchmark for...

  • US oil production to decline: Pioneer CEO   Tuesday, 21 Apr 2015 | 1:19 PM ET
    US oil production to decline: Pioneer CEO

    Scott Sheffield, Pioneer Natural Resources CEO, sits down with CNBC's Brian Sullivan to discuss all things oil including production, pricing, and the crude oil export ban.

  • Oklahoma: From two 3.0 quakes a year—to two a day Tuesday, 21 Apr 2015 | 1:00 PM ET
    Chad Devereaux examines bricks on Nov. 6, 2011, that fell from three sides of his in-laws' home in Sparks, Oklahoma, after two earthquakes hit the area in less than 24 hours.

    Oklahoma's earthquakes are racking up millions of dollars in damages and unleashing a political and financial maelstrom.

  • Energy firms must cut unsustainable costs: Statoil CEO Tuesday, 21 Apr 2015 | 12:57 PM ET
    President and CEO of Statoil, Eldar Saetre

    Norway's largest energy company is cutting costs the hard way rather than scaling back production activity, Statoil CEO Eldar Saetre tells CNBC.

  • Wrong to help Iran but not US oil producers: Hamm Tuesday, 21 Apr 2015 | 11:38 AM ET
    Harold Hamm

    There's "something wrong" with considering lifting oil sanctions on Iran, but not the U.S. ban on exporting domestic crude, oilman Harold Hamm says.

  • We have to address structural costs: Statoil CEO   Tuesday, 21 Apr 2015 | 11:23 AM ET
    Confident in commodity comeback: Statoil CEO

    Eldar Saetre, Statoil CEO, joins CNBC's Brian Sullivan for his first U.S. interview to discuss Statoil oil production.

  • The oil-price collapse changes everything: Yergin Tuesday, 21 Apr 2015 | 11:10 AM ET
    Idled oil well pump jacks sit in the yard at Wood Energy Inc. in Woodlawn, Ill, Jan. 20, 2015.

    The oil-price crash has upset the most fundamental assumptions in long-term plans to meet the world's energy needs, says the CERAWeek chair.

  • UPDATE 1-Oil unlikely to hit new 2015 lows - traders Tuesday, 21 Apr 2015 | 11:03 AM ET

    LAUSANNE, Switzerland, April 21- Oil prices could weaken again but they are unlikely to plumb new depths this year, leading commodities traders said on Tuesday, citing strengthening demand. Ian Taylor, head of the world's largest oil trader, Vitol, told Reuters he thought global benchmark Brent crude oil, which tumbled 60 percent to just above $45 a barrel in...

  • Tillerson expects prices to stay low   Tuesday, 21 Apr 2015 | 10:48 AM ET
    Tillerson expects prices to stay low

    Rex Tillerson, CEO of Exxon Mobil Corporation, expects prices to stay lower for longer and calls for change, reports CNBC's Kate Kelly.

  • Energy stocks partying like oil is at $75 Tuesday, 21 Apr 2015 | 10:45 AM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Crude would need to rise to $75 immediately and stay there for a year in order to justify the levels where energy stocks are trading right now.

  • Halliburton cuts workforce by 10% as oil falls Tuesday, 21 Apr 2015 | 10:36 AM ET
    Halliburton oil fracking

    With its first quarter earnings, Halliburton reported losses of $643 million and the layoff of 9,000 employees, NBC News reports.

  • Oil job cuts show no signs of slowing down   Tuesday, 21 Apr 2015 | 10:30 AM ET
    Oil job cuts show no signs of slowing down

    CNBC's Mary Thompson on the shrinking oil industry.

  • Harold Hamm: No tie to fracking and Oklahoma earthquakes

    Harold Hamm, Continental Resources CEO, shares his thoughts on fracking and its unlikely impact on earthquakes

  • Harold Hamm: World's 'crazy oil policy   Tuesday, 21 Apr 2015 | 8:44 AM ET
    Harold Hamm: World's 'crazy oil policy

    Harold Hamm, Continental Resources CEO, shares his thoughts on whether U.S. energy should be exported.