GO
Loading...

Oil

More

  • Pisani: Energy a real drag     Wednesday, 10 Sep 2014 | 3:46 PM ET

    CNBC's Bob Pisani explains why energy is dragging down the major indices.

  • *Saudi says cuts output, but overall OPEC supply rises. NEW YORK, Sept 10- U.S. crude futures fell to a 16- month low and Brent to a 17- month low on Wednesday on rising supply and tepid demand and as OPEC lowered projected demand for its crude and data showed U.S. refined product stocks jumped.

  • S&P Energy down 3%     Wednesday, 10 Sep 2014 | 1:01 PM ET

    CNBC's Jackie DeAngelis reports what factors are pushing oil prices down.

  • OPEC slashes global oil demand forecast     Wednesday, 10 Sep 2014 | 11:40 AM ET

    Abhishek Deshpande, oil and gas analyst at Natixis, discusses OPEC's latest demand and supply revisionsl.

  • *Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low close to $98 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude and U.S. product stocks jumped.

  • Democrats need to stop being cowards on fracking Wednesday, 10 Sep 2014 | 10:56 AM ET
    President Obama addressed the threat posed by ISIS extremists, and immigration reform in a wide-ranging interview with NBC's Meet the Press.

    Fracking is one area of the economy that's creating jobs. Dems like Obama and Cuomo need to stop delaying these projects, says Jake Novak.

  • GE's edge in oil & gas     Wednesday, 10 Sep 2014 | 10:51 AM ET

    CNBC's Mary Thompson speaks to GE Oil & Gas CEO Lorenzo Simonelli, about the growth of their oil and gas business and competition in the industry.

  • US STOCKS-Energy leads S&P 500 drop as oil prices ease Wednesday, 10 Sep 2014 | 10:48 AM ET

    NEW YORK, Sept 10- Energy shares led declines on the benchmark S&P 500 index for a second session this week, as crude oil prices eased. The S&P 500 energy index fell 1.1 percent on Wednesday, with shares of Chevron shedding 1.4 percent and shares of Exxon Mobil dropping 1.2 percent- the biggest drags on the S&P 500 and the Dow. The NYSE Arca Oil& Gas index fell 1.1 percent.

  • *Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low below $99 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude.

  • Venezuela's PDVSA: Let's make a deal on Citgo Wednesday, 10 Sep 2014 | 8:28 AM ET
    Caracas, Venezuela.

    Venezuela's state-run oil company is seeking offers for its U.S. unit Citgo Petroleum in a deal that could fetch up to $10 billion.

  • OPEC cuts Russia’s oil supply outlook Wednesday, 10 Sep 2014 | 12:05 PM ET

    OPEC slashed its oil supply forecast for Russia next year and said continued geopolitical uncertainty was limiting its economic prospects.

  • LONDON, Sept 10- Brent crude dropped to a fresh 16- month low below $99 a barrel on Wednesday with rising supplies and weak demand helping extend losses into a fifth session.

  • Shell: Ebola, geopolitical risks are now 'acute' Wednesday, 10 Sep 2014 | 5:43 AM ET
    An employee walks past a conveyor belt carrying barrels at a Royal Dutch Shell processing plant.

    The Ebola virus and tensions in the Middle East have yet to hit Shell, but oil major recognises that the risks are "acute and widespread."

  • Shell is the largest foreign investor in the Chinese energy sector says Simon Henry, CFO at Shell, adding that the group is looking to invest in shale and off-shore opportunities there.

  • Shell Middle East operations not impacted: CFO     Wednesday, 10 Sep 2014 | 4:37 AM ET

    Simon Henry, CFO at Shell, discusses how the Ebola outbreak and the geopolitical tensions in the Middle East are impacting the group.

  • Rising costs are 'key' challenge: Shell CFO     Wednesday, 10 Sep 2014 | 4:30 AM ET

    Simon Henry, CFO at Shell, discusses the challenges facing energy groups - including driving down costs - and whether sanctions have impacted the group's joint venture with Gazprom.

  • TOKYO, Sept 10- Brent crude dropped to a 16- month low under $99 per barrel on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand. Brent crude was trading down 27 cents at $98.89 a barrel at 0719 GMT, off a low of $98.85 hit earlier in the session- the lowest intraday price since May 1, 2013.

  • UPDATE 1-Brent holds above $99, but demand worries linger Wednesday, 10 Sep 2014 | 2:07 AM ET

    TOKYO, Sept 10- Brent crude oil edged up to hold above $99 a barrel on Wednesday but was not far off a 16- month low hit the day before because of worries about global oil demand. Brent crude for October delivery was trading 19 cents higher at $99.35 a barrel at 0450 GMT, after falling to $99.03 on Tuesday, the lowest intraday price since May 1, 2013.

  • Brent edges up above $99, but demand worries linger Wednesday, 10 Sep 2014 | 12:33 AM ET

    TOKYO, Sept 10- Brent crude oil prices edged up to hold above $99 a barrel on Wednesday, but stood not far off a 16- month low hit a day earlier amid worries about global oil demand. Brent crude for October delivery was trading 17 cents higher at $99.33 a barrel by 0154 GMT, after falling to $99.03 on Tuesday, the lowest intraday price since May 1, 2013.

  • US crude wipes out on demand woes, ends under $92 Wednesday, 10 Sep 2014 | 2:36 PM ET

    Crude was hammered from all sides, dropping more than 1 percent on the day to new multi-month lows as traders feared the demand outlook.