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Oil and Gas Drilling Commodity Market Trades, Charts

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  • OPEC: US Oil Supply Growth Doesn't Mean Economic Growth Thursday, 17 Jan 2013 | 2:06 PM ET

    In its report for January, the Organization of Petroleum Exporting Countries said the United States in 2013 may post the highest oil supply increase among non-member states.

  • James Tisch, president and CEO of Loews Corporation, explains whether Washington can get its act together over the debt ceiling.

  • Chevron to Drill in South China Sea Despite Dry Holes Wednesday, 16 Jan 2013 | 3:37 PM ET
    In this photo released by China's Xinhua News Agency, CNOOC 981, the first deep-water drilling rig developed in China, is pictured at 320 kilometers (200 miles) southeast of Hong Kong in the South China Sea Monday, May 7, 2012. The China National Offshore Oil Corp's sixth-generation semi-submersible rig operates at a water depth of 1,500 meters (yards), Xinhua said. (AP Photo/Xinhua, Jin Liangkuai) NO SALES

    Chevron has signed production-sharing contracts with CNOOC for two exploration blocks in the South China Sea even after drilling three dry holes there last year.

  • Director for international affairs Lars Christian Bacher addresses a press conference in Stavanger, Norway. A Norwegian man and a number of Americans, Irish and Japanese have been kidnapped at a gas plant in Algeria that was attacked by Islamist militants on Wednesday.

    A number of Americans have been seized by militants at an Algerian gas field, U.S officials said, in what the U.K. government described as an "ongoing terrorist incident." NBC News reports.

  • Venezuelan Oil and Hugo Chavez: a Tangled Tale Friday, 11 Jan 2013 | 3:55 PM ET
    Hugo Chavez wins election.

    The rapid deterioration of Hugo Chavez's health raises the question of why Venezuela – and by extension Chavez – plays such an integral role in the global energy market.

  • Royal Dutch Shell's Kulluk rig

    Working in extreme Arctic conditions brings its own set of technical hazards, highlighted by the grounding of Royal Dutch Shell’s Kulluk rig on the rocks off Sitkalidak Island, after being battered by a northern Pacific gale. These problems may become more frequent.

  • Watch Out for Platinum Group Metals  Monday, 7 Jan 2013 | 5:40 PM ET

    Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.

  • Why Low 2013 Gas Prices Will Soon Evaporate Saturday, 5 Jan 2013 | 9:43 AM ET

    Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.

  • Why Traders See Oceans of Upside in Transocean Friday, 4 Jan 2013 | 11:11 AM ET
    Transocean Discoverer Enterprise drillship

    The latest chapter of the Deepwater Horizon saga has been written, and it could send shares of Transocean, the owner of the drilling rig that spawned the Gulf of Mexico spill, higher.

  • If Chavez Dies, What's Next for the US and Venezuela? Friday, 21 Dec 2012 | 11:25 AM ET
    Hugo Chavez wins election.

    The implications of Hugo Chavez's illness are enormous, for Venezuela, for the world, and particularly for the U.S., which remains highly dependent on imports of Venezuelan crude.

  • Big Oil Goes Solar in Middle East Energy Search Monday, 17 Dec 2012 | 11:41 AM ET

    Solar technology can use heat from the sun to extract heavy crude from aging fields — an idea that is gaining ground with Big Oil companies.

  • Natural Gas Is a Good Long Term Play: Pro  Thursday, 13 Dec 2012 | 5:45 PM ET

    Karim Rahemtulla, Director of Resources, Oil & Energy Daily says that natural gas is a good long term play as Americans switch to the energy resource.

  • Gazprom Pays Price for Doing Putin's Bidding: Analysts Thursday, 13 Dec 2012 | 11:08 AM ET
    Gazprom

    Russia's Gazprom will beat Exxon Mobil this year to become the most profitable company in the world, and yet its shares are down 18 percent. Why? The answer may lie with the priorities of Russian President Vladimir Putin.

  • Iran Skirts Sanctions, With a Little Help From Friends Wednesday, 12 Dec 2012 | 1:37 PM ET

    Despite pressure from the U.S. and others, several companies are still investing in the Iranian energy sector.

  • HSBC to Pay $1.9 Billion for Money Laundering Monday, 10 Dec 2012 | 7:27 PM ET

    Federal and state authorities plan to announce a record $1.9 billion settlement with HSBC on Tuesday, a major victory in the government's broad crackdown on money laundering at banks.

  • Cramer: Exporting Nat Gas Boon for This Stock? Thursday, 6 Dec 2012 | 5:06 PM ET

    Abundant nat gas could benefit this utility more than others. Here's why.

  • Will the Shale Boom Live Up to the Hype? Thursday, 6 Dec 2012 | 2:46 PM ET

    Energy security expert Michael Levi discusses how the oil and gas industry is heading toward transformation.

  • US Can Use More Gas Shipments Abroad: Study Wednesday, 5 Dec 2012 | 3:07 PM ET

    America should embrace shipping its surplus natural gas abroad, according to a study released on Wednesday.

  • CNBC's Boldest Predictions 2013 Tuesday, 4 Dec 2012 | 4:03 PM ET

    From auto sales to health care to the NFL to the price of gasoline, CNBC's anchors, reporters, editors and contributors make calls on what 2013 will bring.

  • Iran in Position to Threaten Oil lanes Tuesday, 27 Nov 2012 | 12:05 PM ET

    In December, the U.S. military will have only one aircraft carrier in the Persian Gulf for the first time in two years. The Iranian navy said it was kicking off a military exercise in the region at that time.  If talks scheduled between Tehran and the IAEA turn sour, there's potential for Iran to exploit the security vacuum for geopolitical gain.