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  • Corrects Hercules Offshore item to change date of announcement of job cuts to Feb. 12 from Feb. 3) Feb 17 (Reuters)- Oilfield services giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have nearly halved since June.

  • Energy's crude realities   Thursday, 5 Mar 2015 | 8:08 AM ET
    Energy's crude realities

    Carl Larry, Frost & Sullivan, discusses the impact of supply and demand pressure on oil prices.

  • Oil's supply and demand dilemma   Thursday, 5 Mar 2015 | 8:04 AM ET
    Oil's supply and demand dilemma

    ExxonMobil CEO Rex Tillerson, discusses how the oil glut is impacting energy prices and creating storage problems.

  • Exxon's global risk factor   Thursday, 5 Mar 2015 | 7:18 AM ET
    XON's global risk factor

    ExxonMobil CEO Rex Tillerson explains how U.S. and E.U. sanctions on Russia have cost the oil giant up to a billion dollars and where risk may not always lead to reward.

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. It seems to be that the market does seem to be paying a little bit of attention to geopolitical factors, namely Iraq and Libya, "said Virendra...

  • Expect more volatility in oil: Exxon CEO Thursday, 5 Mar 2015 | 6:23 AM ET
    Rex Tillerson, CEO and chairman of Exxon Mobil.

    Expect more volatility in oil, with prices staying around current levels, Exxon Mobil CEO Rex Tillerson told CNBC.

  • Exxon trims capex to average less than $34B   Thursday, 5 Mar 2015 | 6:20 AM ET
    Exxon trims capex by $34 billion

    ExxonMobil CEO Rex Tillerson announced plans to raise production while cutting capital expenditure by 12 percent.

  • LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear programme. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final agreement with...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • US crude futures end lower as dollar strengthens Thursday, 5 Mar 2015 | 2:50 PM ET

    Oil fell in volatile trade on Thursday in the face of a strong dollar and the U.S. commitment to forge a nuclear deal with Iran.

  • Commodities tomorrow: Big build, oil spikes anyway   Wednesday, 4 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: Big build, oil spikes anyway

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, in spite of a big build. Here's why

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • Why OPEC is dead Wednesday, 4 Mar 2015 | 3:32 PM ET
    Oil Iraq OPEC

    With oil's price collapse, we can now declare that OPEC's reign as king of the market is over.

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • Oil jumps into the close   Wednesday, 4 Mar 2015 | 2:30 PM ET
    Oil jumps into the close

    CNBC's Jackie DeAngelis tracks oil's action into the close as crude inventory reaches record highs.

  • Sankey's oil outlook: We're bearish   Wednesday, 4 Mar 2015 | 12:18 PM ET
    Sankey's oil outlook: We're bearish

    Paul Sankey, Wolfe Research, gives his forecast on oil as it falls below $50 and shares his stock picks.

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • Crude pouring into Cushing, OK   Wednesday, 4 Mar 2015 | 10:34 AM ET
    Crude pouring into Cushing, OK

    CNBC's Morgan Brennan reports crude inventories in Cushing, Oklahoma, continue to build.

  • Cashin: Global markets nervous   Wednesday, 4 Mar 2015 | 10:33 AM ET
    Cashin: Global markets nervous

    Art Cashin of UBS, discusses the large crude inventory build, and the reasons for the market selloff.