Pioneer Natural Resources CEO Scott Sheffield says he's optimistic the U.S. will lift an oil export ban after recent meetings with lawmakers.» Read More
Levels of radon have been rising measurably in Pennsylvania since the controversial practice of fracking started there, researchers reported.
Gavin Wendt, founding director & senior resource analyst at MineLife, says Shell¿s $70 billion takeover bid for BG Group could strengthen Australia's gas market.
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.
SINGAPORE, April 9- Oil prices rose more than a percent on Thursday, clawing back a part of the 6 percent slump in the previous session that was triggered by a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. "Total U.S. crude stocks continued to fly far above 5- year highs, setting new records every week,"...
SINGAPORE, April 9- Oil prices rose in early trading on Thursday, clawing back a part of the 6 percent slump in the previous session after a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. Brent May crude was up 61 cents from its last settlement, trading at $56.16 a barrel by 0035 GMT, while U.S.
Oil prices rallied on Thursday as strong German economic data and continued uncertainty about an agreement on Iran's nuclear program provided lift.
A 10.95 million barrel surge in U.S. crude stockpiles to 482.4 million, the biggest gain in 14 years, and record Saudi oil production of 10.3 million barrels a day in March had pulled down WTI May futures $3.56, or 6.6 percent, to a settlement price of $50.42 per barrel. It settled down $3.56, or 6.6 percent, at $50.42 a barrel. *Brent crude futures for May were up 51 cents to...
Jonathan Barratt, chief investment officer of Ayers Alliance Securities, explains why Shell's $70 billion deal for BG group may just be the first of many energy mergers.
The dangers stalking the oil industry are already reflected in the price of US energy junk bonds. Financial Times reports.
Brent May crude fell $3.55, or 6 percent, to settle at $55.55 a barrel. May crude fell $3.56, or 6.6 percent, to settle at $50.42 after closing at nearly $54 a barrel on Tuesday, the highest close since Dec. 30. The U.S. data were "very bearish," said John Kilduff, partner at Again Capital LLC in New York.
Chris Faulkner, Breitling Energy CEO, and Carl Larry, Frost and Sullivan, discuss possible oil deals to come.
CNBC's Jackie DeAngelis touches upon the important factors of Shell's deal with BG Group.
NEW YORK, April 8- Oil futures fell sharply on Wednesday after government data showed the largest weekly increase in U.S. crude inventories since 2001 and a day after Saudi Arabia reported record production in March. "The report is very bearish with the large crude oil inventory build and the somewhat surprising rise in gasoline inventories," said John Kilduff,...
Goldman Sachs head of commodities Jeff Currie, provides insight to the hidden risks of commodity ETFs.
Discussing commodity and currency trading, with Jeff Currie, Goldman Sachs head of commodities.
Gordon Charlop, Rosenblatt Securities, weighs in on what's driving volatility in oil prices at the NYSE.
Jeff Currie, Goldman Sachs head of commodities, discusses the shift in sentiment in energy.
Jeff Currie, Goldman Sachs head of commodities, weighs in on consolidation in the energy industry, after Royal Dutch Shell announced it is buying BG Group.
LONDON, April 8- Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in oil prices. 1/ 8 nL3N0X441R 3/ 4. Goldman Sachs and Robey Warshaw LLP are expected to earn $50.3 million each for advising BG, with Bank of America...
CNBC's Courtney Reagan reports on the latest energy company cutting jobs in response to lower oil prices.