GO
Loading...

Oil

More

  • How to pick junk-bond jewels despite oil's slide Tuesday, 30 Dec 2014 | 9:50 AM ET

    For investors nervous about falling oil prices and their effect on junk bonds issued by the energy industry, there are still some jewels amid the junk.

  • US agency gives quiet nod to light oil exports Tuesday, 30 Dec 2014 | 7:18 AM ET
    A worker for Raven Drilling, helps line up a pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    A U.S. export authority told some oil companies that they should consider exporting a lightly processed form of crude oil without formal permission.

  • WASHINGTON, Dec 30- The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce...

  • Putin's counterproductive moves with Ukraine  Tuesday, 30 Dec 2014 | 5:30 AM ET

    Russia's recent moves with Ukraine appear "counterproductive" says John Peet, Europe editor at "The Economist".

  • Oil volatility is going to persist: CEO  Tuesday, 30 Dec 2014 | 5:00 AM ET

    Oil prices could drop further to $40 and market volatility is "going to persist" due to political turbulence, says Ana Cukic Armstrong, CEO of Armstrong Investment Managers.

  • Europe's relationship with oil  Tuesday, 30 Dec 2014 | 4:00 AM ET

    Lower oil prices are great for the U.K., but for Europe it is "a bit more ambiguous," says James Ashley, chief European economist at RBC Capital Markets.

  • *Stocks fall in Europe on oil slide, Greece election. LONDON, Dec 30- Gold rose on Tuesday as sliding oil prices and worries about Greece's future in the euro zone sparked selling of European stocks, and as the dollar slipped against a basket of currencies. Spot gold was up 0.4 percent at $1,187.60 an ounce at 1019 GMT, while U.S. gold futures for February delivery were...

  • LONDON, Dec 30- Chinese economic growth may be cooling but Shanghai shares were the best returning investment in 2014.. Anyone who bought A-shares listed in Shanghai at the start of 2014 would be sitting on a 45.9 percent gain on a total return basis in dollar terms. Copper, which traded near 4 1/ 2- year lows on Tuesday on concerns about slowing demand in China, is off...

  • LONDON, Dec 30- Brent crude oil fell to a 5-1/ 2- year low below $57 a barrel on Tuesday as a global supply glut outweighed concerns of lost supply from Libya where battling militias have closed ports. Brent fell $1.14 a barrel to a low of $56.74, its lowest since May 2009, before recovering slightly to trade around $56.95 by 0905 GMT. Supply disruptions in Libya mean the...

  • Saudi Arabia doesn't care about volatile oil Tuesday, 30 Dec 2014 | 11:42 AM ET
    Employees work on an offshore oil platform in the Persian Gulf, off of Saudi Arabia.

    The oil price hit a 5-½-year low on Tuesday but major oil producer Saudi Arabia still looks to be relatively unscathed.

  • SINGAPORE, Dec 30- Brent oil fell to a fresh 5-1/ 2- year low near $57 per barrel on Tuesday, as persistent worries about a global supply glut offset concerns about output disruptions in Libya. Brent for February delivery fell 56 cents to $57.32 as of 0626 GMT, after hitting a low of $57.25 earlier in the session- the lowest level since May 2009. U.S. crude for February...

  • Brent for February delivery fell 25 cents to $57.63 as of 0528 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 28 cents to $53.33 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. "There's no sign of any reduction of output by OPEC," said...

  • Brent for February delivery fell 8 cents to $57.80 as of 0323 GMT, after tumbling to $57.37 in the previous session, the lowest level since May 2009. U.S. crude for February delivery fell 3 cents to $53.58 after it settled down $1.12 on Monday, when it hit an intraday low of $52.90- also the lowest since May 2009. The industry group the American Petroleum Institute is...

  • Petrobras bondholders to push for default Monday, 29 Dec 2014 | 8:59 PM ET

    Petrobras could be declared in technical default if bondholders pursue efforts to force it to speed its assessment of losses in a giant scandal.

  • WILLISTON, N.D., Dec 29- Civeo Corp, which provides temporary housing for oilfield workers and miners, slashed its workforce on Monday and said revenue could fall by a third as slumping crude prices force oil producers to cut costs. The warning adds jitters to the already-wary global oil market and highlights weakness in Australia's coal industry, one of Civeo's...

  • US crude settles up 51 cents, at $54.12 per barrel Tuesday, 30 Dec 2014 | 4:35 PM ET
    Oil drills are pictured in the Kern River oil field in Bakersfield, California

    Oil futures struggled to remain in positive territory on Tuesday after rebounding from a 5-½-year lows.

  • *U.S. crude for February delivery was up 6 cents to $53.67 a barrel as of 0038 GMT after settling down $1.12 in the previous session, its lowest level since May 2009. *U.S. crude stocks fell by an average 900,000 barrels last week to around 386 million barrels according to an analysts' poll by Reuters released ahead of weekly inventory reports from the American...

  • Wall Street in for a bumpy ride in 2015: Pro  Monday, 29 Dec 2014 | 6:23 PM ET

    While U.S. stocks are likely to rise going forward, traders need to get used to increasing volatility as the Fed prepares to normalize interest rates, says Quincy Krosby, market strategist at Prudential Financial.

  • Consumer will cover oil drag in 2015: Analysts Monday, 29 Dec 2014 | 5:19 PM ET

    While low oil prices will drive down energy earnings, a strong consumer will limit its effect on the S&P 500, analysts said.

  • Civeo tanks 50% on forecast, suspended dividend Tuesday, 30 Dec 2014 | 11:29 AM ET
    Traders work on the floor of the New York Stock Exchange, Dec. 12, 2014.

    Civeo forecast first-quarter revenue of between $160 million and $175 million, well below Wall Street's current estimates of $228 million.