Michele Della Vigna, head of European energy research at Goldman Sachs, says the fall in oil price and the shale revolution will dramatically change the energy industry.» Read More
TOKYO, Dec 18- U.S. crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day due to bearish U.S. oil data, Russia's rouble crisis and a U.S. decision to resume diplomatic ties with Cuba after 50 years. *NYMEX crude for January delivery, which expires after Friday's settlement, was up 1 cent at $56.48 a barrel by 0006...
David Rosenberg, Gluskin Sheff, discusses the price of oil and its descend.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude actually ended slightly higher on the day. There was a little bit of buying going into the Fed meeting, traders said.
Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.
You're going to see volatility here, "said Daniel Flynn, energy analyst at Chicago's Price Futures Group. Brent for February delivery was up $1.05 at $61.06 a barrel by 2:37 p.m. EST, after hitting a session high of $63.40. The biggest slide in oil prices since the 2008 financial crisis had accelerated after OPEC met in November, when Gulf producers resisted calls...
CRUDE OIL FUTURES TURN NEGATIVE POST-SETTLEMENT, AFTER CLOSING SESSION UP 1 PCT AND RALLYING MORE THAN 4 PCT EARLIER.
Federal Reserve Chair Janet Yellen, shares her view of movements in oil prices.
Federal Reserve Chair Janet Yellen discusses whether the committee has concern over global developments on deflation.
Here's what bothers Ron Insana about the Fed's statement — its last of 2014.
ABUJA, Dec 17- Nigeria has slashed its forecast for economic growth in 2015 due to the plunge in global oil prices, the finance minister's budget presented to parliament on Wednesday showed. Oil accounts for the bulk of government revenue in Nigeria, but global crude prices have almost halved over the last six months. The 4.3 trillion naira budget is based on a...
NY will move to prohibit fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.
CALGARY, Alberta, Dec 17- Canadian oil producers deepened 2015 spending cuts on Wednesday, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling crude prices. Penn West, one of Canada's largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents.
*Wall Street rises after string of losses. *Brent inches over $60 a barrel. The yield on U.S. five-year Treasuries climbed to session highs as the gains on Wall Street and domestic oil futures pared safe-haven buying that has been fueled by the deepening economic crisis in Russia.
FRONT-MONTH CRUDE OIL FUTURES RISE $1 A BARREL.
Emirates Airline - and the industry more broadly - is benefitting from lower oil prices, and will report "healthy profits" says Tim Clark, President of Emirates Airlines.
*OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil moved above $60 a barrel on Wednesday as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production. "The decline in overall crude oil inventories was smallish," said John...
ABUJA, Nigeria— Nigeria's finance minister presented a 2015 budget of $23 billion to parliament on Wednesday, slashed by nearly $3 billion to accommodate slumping oil prices. Minister Ngozi Ikonjo-Iweala said she expects government revenue of $19.7 billion off growth of 5.5 percent next year, down from an earlier projection of 6.35 percent.
CNBC's Jackie DeAngelis reports the latest data on crude oil and gasoline inventories.