The U.S. consumed a whopping 26 trillion cubic feet of natural gas in 2013, but more interesting is who's using it—and who's not.» Read More
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because the Latin American producer is struggling to secure enough investment and technical expertise to unlock the resource, Ed Morse, Managing Director and Global Head of Commodities Research for Citigroup Global Markets told CNBC.
Natural gas futures surged over 12 percent on Thursday, topping $2.46 per million British Thermal Units (BTUs), after an unexpectedly bullish storage report helped prices rally above key technical levels.
A number of recent developments highlight the push for renewable energy in the MENA region, from Saudi Arabia’s ambitious solar plans to Qatar’s first-ever polysilicon plant and massive concentrated solar power plants across North Africa.
The struggle for power in Iraq between the north and south is shaping the future of energy production in the region and beyond.
As U.S. and European markets have tumbled in the last month, oil prices have also posted double-digit declines, but the slide isn't helping consumers in the euro zone.
Traders say weak U.S. ISM services data and other poor economic data from Europe trumps positive U.S. manufacturing data earlier this week and is adding to the pressure on oil prices.
Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline.
Equitable Origin is a start up that is trying to change the way oil and natural gas drilling occurs so that it is safer and cleaner, and there is accountability in the event of a disaster.
There are too many options but no one solution to the energy problem. Our needs are many. The current alternative energies — solar, wind, biofuels, nuclear and geothermal — all have limitations, but they're worth it until something better comes along.
CNBC'S Brian Shactman reports on the state of deepwater drilling two years after the BP oil spill.
John Schiller, Energy XXI CEO, discusses where he sees oil prices headed and how his company plans to make money, with Mad Money's Jim Cramer.
CNBC's Rick Santelli reports on how to fuel up your nat gas powered car at home. And the politics of natural gas, with CNBC's Eamon Javers. Also, debating whether fracking for oil and gas causes earthquakes, with Bill Ellsworth, U.S. Geological Survey, and Bill Richardson, former Energy Secretary.
CNBC's Bertha Coombs reports on new developments for the ECHO terminal in Houston and the creation of more than 3,000 jobs to be created.
Enterprise CEO gives Bertha Coombs an exclusive look into the construction of the company's new ECHO oil storage and transfer terminal in Houston, which provide a vital link between booming onland Shale oil production by major Gulf Coast refiners.
WTI oil futures have recovered earlier losses to climb to session highs over $104.74 a barrel, after positive data on the U.S. manufacturing sector and a flow of money into commodities at the start the new quarter.
When President Obama was inaugurated, gas was selling for $1.90 a gallon, and it is now nearly $4.00. Mr. Obama says he needs four more years to change America—if reelected can we look forward to $8.00 a gallon?
The looming Iranian oil embargo has heightened the concern of risk to global oil supplies. Meanwhile, energy production in this country is booming.
Gas prices have pushed the economy into the early stages of demand destruction, said Richard Hastings, a consumer strategist at Global Hunter Securities. He said he expects to see a mild reduction in retail sales growth starting in May.
Weaker manufacturing data from China and the euro zone weighed on oil prices Thursday. The May 12 West Texas Intermediate futures contract dropped below key support of $104.88, which is the 50 percent retracement of the February rally that took the contract from $98.38 to $110.95.
CNBC's Eamon Javers & Sharon Epperson have the details on the President's fast-track permit plan for the Keystone Pipeline construction; Insight on whether America will become the new Middle East if regulatory handcuffs come off, with Edward Morse, Citigroup, and discussing whether speculators are to blame, with Rep. Peter Welch, (D-VT).