BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said in an...» Read More
PARIS/ LONDON, Dec 19- Bargain hunters may have to think twice before scooping up shares of beaten-down oil services companies, as a slump in crude prices raises questions about their ability to pay back debt. "People are just starting to dump these bonds given the trajectory of oil prices," Saxo Bank Chief Investment Officer Steen Jakobsen said.
BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said...
NY will move to prohibit fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.
Energy stocks will reach a bottom when investors feel they can't own them at any price—and that time is near, said Fundstrat founder Tom Lee.
Enterprise Products Partners is shelving a pipeline that would have transported crude from North Dakota to Oklahoma, the company said Friday.
Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.
NEW YORK, Dec 9- The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares. Advancing issues outnumbered declining ones on the New York Stock Exchange by a ratio of 1.53 to 1. Still, the number of NYSE stocks making new 52- week lows was 255, compared with just 117 making new...
We should heed the warning sign that the silent crash in commodities is flashing, says Ron Insana.
NEW YORK, Dec 9- U.S. stocks were sharply lower on Tuesday as investors shunned risk over concerns about the impact of lower oil prices on the global economy and political turmoil in Greece. "You've seen some real volatility in everything from energy to currencies and it's had a bit of a spillover effect on the market as people try to think about the impact of these...
NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. Oil prices have been under pressure as the dollar has strengthened and OPEC decided against an output cut. *U.S.-listed shares of Seadrill gained 3.1 percent to...
NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. *U.S.-listed shares of Seadrill gained 4.5 percent to $12.09 before the opening bell. John Fredriksen, the biggest owner of the offshore driller, purchased...
Vladimir Putin is trying to make the best of a tough geopolitical situation, and one NATO member is seeing big benefits.
Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.
CNBC's Jake Novak responds to reader comments on a recent CNBC.com column that blamed progressives and green activists for threatening the U.S. energy boom.
JMorgan's Jim Casey is "concerned" about the impact of falling oil on high-yield bonds but said some hedge funds see opportunity.
Denton, a small town north of Dallas is the first municipality to ban fracking for shale oil, reports NBC.
Saudi Arabia and OPEC may have just launched an 'oil war.' Here's what the US response should be, says Ron Insana.
Oil stocks have taken a beating, but companies that run on energy have taken the Dow Transports to new highs.
Discussing Saudi Arabia's possible objectives with the price of oil, and the potential bottom in crude, with Kevin Book, Clearview Energy Partners.
Oil prices continue to fall. CNBC's Michelle Caruso-Cabrera reports the crude economics of extracting oil from the ground.