The bailout money Ukraine is getting may go directly to Russia, analysts tell CNBC.» Read More
Rising U.S. oil production will help neutralize supply disruptions from Libya and Iraq, making global markets less vulnerable to price shocks.
*West, Iran activate landmark nuclear deal. LONDON, Jan 21- Oil rose above $107 a barrel on Tuesday as the International Energy Agency raised its forecast for global oil demand this year, citing accelerating economic growth that would outstrip supply. Brent crude rose $1.02 to $107.37 a barrel by 0922 GMT after dropping to a low of $105.81 in the previous session.
The United States continued its "relentless rise" in crude oil production in 2013, the IEA reported on Tuesday.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says that the IEA's increased oil demand expectation is not "surprising" as the economy recovers.
*West, Iran activate landmark nuclear deal, lower chance of conflict. SINGAPORE, Jan 21- Brent futures eased towards $106 a barrel on Tuesday as world powers and Iran took a step forward in ending a decade-long dispute over Tehran's nuclear programme, but worries of prolonged outages at other exporters supported prices.
John Kingston, Global Director of News, Platts explains why crude exports from Iran will likely increase with the lifting of some economic sanctions against the country.
Oil rose on Tuesday as the International Energy Agency raised its forecast for global oil demand this year.
SINGAPORE, Jan 21- U.S. crude futures slipped below $94 a barrel in early Asian trade on Tuesday as supply worries eased after world powers and Iran took another step to end a decade-long dispute over Tehran's nuclear programme.
*Iran begins halting nuclear activity. SINGAPORE, Jan 20- Brent crude edged lower towards $106 per barrel on Monday, weighed down by data which showed China's oil consumption slowed in 2013 and as Iran started implementing a nuclear deal with world powers. Brent crude for March delivery was down 31 cents at $106.16 per barrel at 0816 GMT.
Kevin Norrish, head of commodities research at Barclays, says OPEC's spare capacity is "not that great" and is concerned about the oil price pushing higher.
LAUNCESTON, Australia, Jan 20- Oman futures, one of the main benchmarks for Asian oil buyers, may this year break a seasonal pattern of rising in the first quarter before dropping in the second. Last year, Oman futures climbed 6.9 percent from the start of the year to its second highest peak for the year at almost $114 a barrel on Feb. 14.
SINGAPORE, Jan 20- Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chinese economic data helped ease some fears of a hard landing in the world's second-largest economy.
*China's economy grows slightly faster than expected in 4 Q. SINGAPORE, Jan 20- Brent crude edged down towards $106 per barrel on Monday, pulled lower by a strong dollar, while robust Chinese economic data helped ease some fears of a hard landing in the world's second largest economy.
Brent crude edged lower towards $106 per barrel on Monday, weighed down by data which showed China's oil consumption slowed in 2013.
SINGAPORE, Jan 20- U.S. crude fell in early Asian trading on Monday, easing from a two-week high, as investors awaited Chinese data expected to show a slight slowdown in the world's second largest economy.
John Kerry says he won't be pushed into making a decision on the long-delayed Keystone XL pipeline, despite pressure from Canada and others.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Monday's the ML King holiday and Davos kicks off, while Beats Music debuts Tuesday.
Oil producers want to scrap the ban on crude exports, but they're hitting opposition—from within their own industry.
Nat gas prices are likely to stay low for the next 20 years, with a long-term annual average price of $4 to $5 per million Btu, an IHS study says.
CNBC's Patti Domm discusses a recent report that natural gas prices could stay about the same even as residential and commercial use increases.