GO
Loading...

Oil

More

  • *Demand weak in Europe and Asia but supplies ample. *U.S., EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped towards $107 a barrel on Monday as ample supply in the Atlantic basin and weak demand in Europe and Asia outweighed worries over political tensions in Ukraine and the Middle East.

  • BRENT CRUDE OIL FUTURES FALL OVER $1 PER BARREL ON FORECASTS FOR WEAK DEMAND AND EXCESS SUPPLIES.

  • LONDON, July 28- "The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on "The Changing Face of World Oil Markets", published on July 20.

  • Energy & Forex in focus     Monday, 28 Jul 2014 | 7:35 AM ET

    Carl Larry, Oil Outlooks & Opinions, and Marc Chandler, Brown Brothers Harriman, provide the latest moves in energy and currencies. The dollar is at a turning point, says Chandler.

  • Kurdish oil tanker to offload in US     Monday, 28 Jul 2014 | 7:32 AM ET

    CNBC's Michelle Caruso-Cabrera reports a tanker carrying crude oil from Iraq's Kurdistan region was cleared by the U.S. Coast Guard to unload in Texas.

  • Fire burns at huge Libyan oil depot amid clashes Monday, 28 Jul 2014 | 7:13 AM ET
    A picture taken on July 28, 2014 shows smoke billowing from an oil depot where a huge blaze started following clashes around Tripoli airport, Libya.

    Libya appeals for international help after a huge oil depot caught fire amid clashes over the country's international airport in Tripoli.

  • US oil's new 'Big Three' form million barrel club Sunday, 27 Jul 2014 | 9:00 AM ET
    An oil pump operates in the Permian Basin oil field near Carlsbad, New Mexico.

    The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.

  • *Demand weak in Europe, Asia but supplies ample. *US, EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.

  • Russia ordered to pay $50B to Yukos shareholders Monday, 28 Jul 2014 | 7:10 AM ET
    Mikhail Khodorkovsky, former  chairman of Yukos oil company.

    A Hague court ruled that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped near $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • *Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.

  • High oil prices likely to persist: Macquarie     Sunday, 27 Jul 2014 | 9:22 PM ET

    Viktor Shvets, Head of Strategy Research, Asia at Macquarie, says ongoing geopolitical tensions may go on "for years or even decades", which will drive oil prices higher.

  • Crude dragged lower as supply outweighs Mideast Monday, 28 Jul 2014 | 11:02 AM ET

    Oil fell as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political drama in Ukraine and the Middle East.

  • That offset continuing violence in Gaza, Libya and Ukraine. *U.S. crude futures for September delivery fell 39 cents to $101.70 a barrel by 0009 GMT, after finishing 2 cents higher on Friday.

  • Why global commodity prices will remain weak     Sunday, 27 Jul 2014 | 6:23 PM ET

    Jay Richards, Director of Research at Just Spreads, sees lower prices for both gold and oil in the near-term as investors begin to see geopolitical unrest as common activity.

  • NEW YORK, July 25- Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.

  • Commodities Next Week: Energy mixed     Friday, 25 Jul 2014 | 3:40 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.

  • The Week Ahead: 'Sharknado 2' hits TVs     Friday, 25 Jul 2014 | 3:38 PM ET

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Retailers head back to school. The Fed meets next week, and Friday brings a big labor report.

  • This surprising asset may become a new safe haven Friday, 25 Jul 2014 | 12:34 PM ET
    A worker secures a section of drill pipe on a crude oil rig outside New Town, N.D.

    U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.