GO
Loading...

Oil

More

  • LONDON, April 28- Brent crude futures reversed early losses to hold steady on Tuesday as a weaker dollar offset expectations that weekly U.S. crude inventory data will show another record build. Brent June crude futures rose 10 cents to $64.93 a barrel by 1300 GMT after touching a low of $63.90 earlier in the session. June crude rose 10 cents to $57.09 a barrel,...

  • LONDON, April 28- Brent crude futures slipped on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, but a weaker dollar helped to put a floor under prices. Brent June crude futures had slipped 8 cents to $64.75 a barrel by 1058 GMT, after touching a low of $63.90 earlier in the session. June crude fell 26 cents to $56.73 a barrel,...

  • LONDON, April 28- Oil prices fell on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, withdrawing further from a rally that saw Brent crude futures touch a 4 1/ 2 month high on Friday. Brent June crude futures fell 43 cents to $64.40 a barrel by 0920 GMT. June crude fell 40 cents to $56.59 a barrel.

  • PARIS— French energy giant Total SA said Tuesday that its net profit slid 20 percent in the first quarter despite a rise in production as slumping oil prices took their toll. The company said net profit for the quarter was $2.66 billion, down from $3.34 billion a year earlier. CEO Patrick Pouyanne said Total is "demonstrating its resilience and profiting from its...

  • Lower oil prices take a slice out of BP's Q1 profits Tuesday, 28 Apr 2015 | 3:10 AM ET

    The London- based company said net income for the quarter was $2.6 billion, compared with $3.5 billion in the same period last year. Underlying replacement cost profit— a measure that strips out fluctuations in the value of reserves— was $2.6 billion compared with $3.2 billion for the same period in 2014.. All of the major oil companies will be taking a hit, said...

  • *Saudi Arabia says ready to supply more oil to China if needed. SINGAPORE, April 28- Oil fell more than 1 percent on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high and as Saudi Arabia pledged to supply more oil to China if needed. Brent June crude futures had dropped 75 cents to $64.08 a barrel by 0458 GMT.

  • April 28- Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali al-Naimi said on Tuesday. The slide in oil prices since the middle of last year deepened after Saudi Arabia and other OPEC nations refused to cut production in November in a bid to maintain market...

  • *Saudi Arabia says ready to supply more oil to China if needed. SINGAPORE, April 28- Oil fell more than 1 percent on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high and as Saudi Arabia pledged to supply more oil to China if needed. Brent June crude futures had dropped 83 cents to $64.00 a barrel by 0152 GMT.

  • Oil turns positive on report of US ship seizure Tuesday, 28 Apr 2015 | 10:41 AM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Oil futures turned positive on Tuesday on a report of the seizure of a U.S. vessel.

  • Oil Minister Ali al-Naimi told officials in Beijing that the kingdom was ready to supply China with additional oil if required, the Saudi Press Agency said on Monday. *A poll of five analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration,...

  • Oil rally over? Experts disagree Monday, 27 Apr 2015 | 5:44 PM ET
    Pipelines and oil storage tanks in Cushing, Okla.

    Oil is up over 30 percent since its low in March. One pro predicts the rally will continue, but another says prices will fall near term.

  • Boone Pickens stands by his call that oil goes up Monday, 27 Apr 2015 | 5:05 PM ET
    T. Boone Pickens

    Energy entrepreneur Boone Pickens said on Monday that he is standing by his call that oil goes higher this year and higher next year.

  • Are the big macro trades done?   Monday, 27 Apr 2015 | 4:55 PM ET
    Are the big macro trades done?

    Crude oil and the dollar have made serious counter-trend moves. Do the macro funds need to find a new trade? Erin Gibbs of S&P Capital IQ and Todd Gordon of TradingAnalysis.com discuss with Mandy Drury.

  • Commodities tomorrow: Gas likely to go higher   Monday, 27 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Gas likely to go higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended the day down a bit, but the losses weren't as big as traders expected.

  • Gradual increase in oil: Pro   Monday, 27 Apr 2015 | 3:45 PM ET
    Gradual increase in oil: Pro

    How high can oil go, with Neal Dingmann, Suntrust Robinson Humphrey, and Kent Moors, Global Energy Symposium.

  • 10-yr yield more likely to go down 1%: Guggenheim Partners CEO

    Scott Minerd, Guggenheim Partners CEO, discusses interest rates, volatility in the market, and global quantitative easing.

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • Prime office real estate in some of the world's leading cities is about to take a hit from the falling price of oil.

  • One of the problems with oil...   Monday, 27 Apr 2015 | 10:10 AM ET
    One of the problems with oil...

    Tobias Levkovich, Citigroup chief U.S. equity strategist, forecasts the next Fed moves, an oil outlook, and overvaluation within technology.

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden. While Yemen itself is not among the biggest oil producers in the region, Gulf producers ship oil along the Gulf of Aden on Yemen's southern coast and through the narrow straits of Bab el-Mandeb, between...