GO
Loading...

Oil

More

  • UPDATE 2-Crude oil reliance dents Chevron's profit Friday, 2 May 2014 | 11:08 AM ET

    May 2- Sliding production and weak crude oil prices hampered Chevron Corp in the first quarter, leading the second-largest U.S. oil producer, to report a profit well below Wall Street's expectations.

  • Why the US hasn't gone after Russia's Gazprom Friday, 2 May 2014 | 10:53 AM ET
    Gazprom

    The U.S. hasn't sanctioned the Russian natural gas giant, but there's a good reason for that, according to Oilprice.com.

  • A chip shot to grow jobs in upstate New York Friday, 2 May 2014 | 10:35 AM ET
    GlobalFoundries campus in Malta, N.Y.

    Taking advantage of tax incentives, chipmaker GlobalFoundries opened its first U.S. plant in New York and created 2,200 jobs.

  • LONDON, May 2- Brent crude futures rose by almost $1 to above $108 a barrel on Friday as fighting between Ukraine's army and a pro-Russian group in the east intensified, stoking fears of energy supply disruptions from the region.

  • Chevron profit plunges 27% on soft oil production Friday, 2 May 2014 | 8:46 AM ET

    Chevron, the second-largest U.S. oil producer, said on Friday its first-quarter profit fell 27 percent due to falling crude oil production and prices.

  • UPDATE 3-oil rises nearly $1 as Ukraine hots up Friday, 2 May 2014 | 5:45 AM ET

    LONDON, May 2- Brent crude futures rose by almost $1 to above $108 a barrel on Friday as fighting between Ukraine's army and a pro-Russian group in the east intensified, stoking fears of energy supply disruptions from the region.

  • *Not considering active dealings on Iran crude. *Idemitsu likely bought around 2,000 bpd of Iran crude in yr ended March. TOKYO, May 2- Japanese refiner Idemitsu Kosan Co said it will buy either no crude or a maximum of one cargo from Iran in the year through March 2015, a move that could keep at bay any potential U.S. pressure over oil shipments from the Islamic republic.

  • SINGAPORE, May 2- Brent crude held steady below $108 a barrel on Friday, on track for its steepest one-week decline in four months, as rising supply from the U.S. and Libya and a muted demand outlook in China dragged down oil prices.

  • Brent holds below $108 ahead of U.S. jobs data Friday, 2 May 2014 | 12:03 AM ET

    SINGAPORE, May 2- Brent crude held steady below $108 a barrel on Friday, on track for its steepest one-week decline in four months, as rising supply from the U.S. and Libya and a muted demand outlook in China dragged down oil prices.

  • US oil ends near $100 as Ukraine turmoil festers Friday, 2 May 2014 | 2:47 PM ET

    Crude rose as fighting between Ukraine's army and a pro-Russian group intensified, stoking fears of regional energy supply disruptions.

  • TOKYO, May 2- U.S. crude oil dipped closer to testing $99 in early trade on Friday, pressured by a jump in inventories, with the benchmark contract facing a weekly decline of more than 1 percent. *U.S. crude for June delivery fell 15 cents to $99.27 a barrel by 0010 GMT, dropping for the third session in a row and putting it on course for a weekly fall of 1.3 percent.

  • *Libya to resume oil exports from Zueitina port this week. NEW YORK, May 1- U.S. oil futures edged lower on Thursday as inventories soared to record highs and traders awaited Friday's U.S. jobs numbers, while Brent oil was pressured by muted Chinese economic data and expectations for a rebound in Libyan oil exports.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Putin's real power     Thursday, 1 May 2014 | 3:19 PM ET

    John Hofmeister, former Shell Oil president, says Russian President Vladimir Putin has spent years developing energy companies' trust in Russia and wouldn't want to break that. Chris Faulkner, Breitling Oil CEO, discusses the impact to oil price in the U.S.

  • Putin watching impact to Gasprom, Rosneft     Thursday, 1 May 2014 | 3:17 PM ET

    CNBC's Jackie DeAngelis reports on what Russian President Vladimir Putin told reporters in response to U.S. sanctions.

  • Big Oil dollars flow into Ukraine, despite conflict Thursday, 1 May 2014 | 2:04 PM ET
    Yuriy Boyko.

    Conflict with Russia has not stopped U.S. and European energy giants from exploring investments in Ukraine's fledgling energy sector.

  • CRUDE OIL FUTURES REVERSE LOSSES, RISE 2 CENTS AT $99.76 PER BARREL IN LATE MORNING TRADE.

  • Nat gas inventories increases 82 bcf     Thursday, 1 May 2014 | 10:30 AM ET

    The Department of Energy released its weekly storage report on natural gas inventories. CNBC's Jackie DeAngelis has the details.

  • Tom Kloza, GasBuddy chief oil analyst, provides his outlook on gas prices this summer.

  • Exxon profit dips; upstream, cost cuts help Thursday, 1 May 2014 | 8:06 AM ET

    Exxon Mobil reported first-quarter earnings on Thursday that beat Wall Street's expectations.