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  • This stuff is like the top soil of Iowa, says Berkshire Hathaway's Charile Munger, expressing his views on the nation's energy policy. Bill Gates, Microsoft founder, and Warren Buffett, Berkshire Hathaway chairman & CEO, weigh in. I would always want to have enough to take care of national defense, says Warren.

  • Exxon and Chevron miss out on US fracking boom Monday, 5 May 2014 | 6:59 AM ET

    While the United States enjoys a surge in oil and natural gas production, Exxon Mobil and Chevron have so far missed the party.

  • SINGAPORE, May 5- Brent crude climbed towards $109 a barrel on Monday supported by rising tensions in Ukraine although a private survey showing China's manufacturing sector contracted for a fourth consecutive month in April prevented stronger gains.

  • Iran oil will not not return overnight: Pro     Monday, 5 May 2014 | 2:15 AM ET

    Amrita Sen, chief oil analyst at Energy Aspects, says Iran is serious about striking a deal over the lifting of sanctions on the country.

  • *Ukraine tension escalates; may affect oil, gas supplies. SINGAPORE, May 5- Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector contracted for a fourth consecutive month in April, although increasing tension in Ukraine prevented further losses.

  • SINGAPORE, May 5- Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector contracted for a fourth consecutive month in April, while increasing tension in Ukraine prevented further losses.

  • US oil ends near $99; hit by China, Libya, gas Monday, 5 May 2014 | 2:40 PM ET

    Crude fell on Monday, pressured by reports that China's manufacturing sector contracted and Libya's oil output was recovering.

  • The Week Ahead: Fiat's 5-year plan     Friday, 2 May 2014 | 2:58 PM ET

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. The NFL draft is this week. Lots of economic data will drive the markets this week. And big names

  • Stop stonewalling on data, feds tell oil shippers Friday, 2 May 2014 | 2:03 PM ET

    Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.

  • Big Oil got an 'upstream' boost—but what's next? Friday, 2 May 2014 | 1:49 PM ET
    Pump jacks and wells in an oil field on the Monterey Shale formation near McKittrick, Calif., March 23, 2014.

    Profits from exploration—otherwise known as "upstream" earnings—were a saving grace for Big Oil in the last quarter.

  • 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.