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  • India’s New Oil Find: Is It a Sea—or a Puddle? Monday, 20 Aug 2012 | 12:49 PM ET
    off shore oil rig

    According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”

  • Ignore Oil Prices, Buy Exxon Regardless: Pros Monday, 20 Aug 2012 | 12:22 PM ET
    An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    Energy investors remain bullish on ExxonMobil, even though the outlook for oil prices remain uncertain, two analysts told CNBC.

  • New Ray Gun Used to Fight High Sea Pirates Thursday, 16 Aug 2012 | 2:10 PM ET
    Raytheon's Silent Guardian Protection System

    Gulf states are planning to use ray guns to protect their oil and gas infrastructure and also dissuade pirate attacks.

  • Syrian Energy Sanctions Hammer on Assad Regime Wednesday, 15 Aug 2012 | 5:14 PM ET

    The International Monetary Fund said Syria was one of the few countries in the Middle East whose economy is expected to contract in 2012. The IMF expected the regional economy to grow by more than 5 percent in 2012, an increase from last year. Economic problems for Damascus were compounded last week when the U.S. government extended sanctions on Iran to include the Syrian energy sector. Washington said the government in Damascus was generating millions in revenue through gasoline sales to Iran. With few political or military options available, economic warfare may be the best option for an international community frustrated with the bloodshed.

  • Sanctions Force Iranian Retreat From Global Stage Tuesday, 14 Aug 2012 | 1:48 PM ET
    Oil refinery and petrochemical complex, Mahshahr, Iran,

    Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.

  • A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of control in a restive province on the border with Afghanistan.

  • Struggling Australian steelmaker BlueScope Steel's nearly $1.4 billion joint venture with Japan's Nippon Steel signals the company is on the path to recovery, its CEO Paul O'Malley told CNBC on Monday after the deal was announced.

  • Is Cold Fusion Finally Being Accepted by Scientists? Friday, 10 Aug 2012 | 5:59 PM ET
    The coal fueled Fiddlers Ferry power station emits vapour into the night sky on November 16, 2009 in Warrington, United Kingdom.

    The promise of discovering a clean, green, safe, and (due to the fact that it is fueled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.

  • China vs. the US in Africa: Who's 'Winning?' Thursday, 9 Aug 2012 | 5:04 PM ET
    US Secretary of State Hillary Clinton delivers a speech on August 8, 2012 at the University of the Western Cape in Cape Town. Clinton urged South Africa to build on icon Nelson Mandela's legacy and flex its growing influence on the global sticking points of Syria, Iran and Zimbabwe.

    U.S. Secretary of State Hillary Clinton is in the midst of an 11-day trip across sub-Saharan Africa. Speaking on 1 August on the topic “Remarks on Building Sustainable Partnerships in Africa,” Clinton at the University of Cheikh Anta Diop in Dakar, Senegal, Clinton told her audience, “The Obama Administration’s comprehensive strategy on Sub-Saharan Africa is based on four pillars: first, to promote opportunity and development; second, to spur economic growth, trade, and investment; third, to advance peace and security; and fourth, to strengthen democratic institutions.”

  • US Seeks $3 Billion for Sudan Oil Deal Wednesday, 8 Aug 2012 | 2:25 AM ET
    JUBA, SUDAN - JANUARY 09: Southern Sudanese celebrate at the end of the first day of voting for the independence referendum January 9, 2011 in Juba, Sudan. Southern Sudan is participating in an independence referendum today following a historic 2005 peace treaty that brought an end to decades of civil war between the Arab north and predominantly Christian and animist south. The south is expected to vote around 99 percent to secede from the north which will also give it a majority of Sudan's oil

    The US wants China and Arab states to help foot the $3bn bill for a deal designed to unlock oil production and set Sudan and South Sudan back on the path to peace, the FT reports.

  • Fired Up!: Gas Prices Set to Rise for Rest of 2012? Tuesday, 7 Aug 2012 | 4:59 PM ET
    Fire at a Richmond refinery around the Bay Area owned by Chevron on August 6, 2012.

    Gasoline and oil futures surged Tuesday to the highest prices since May, as traders predicted the damage from a fire at California's third largest refinery could take months to repair.

  • US Midwest Hit by Perfect Storm on Gas Prices Tuesday, 7 Aug 2012 | 4:00 PM ET
    Gas Pump

    Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.

  • BHP in Talks with Canada’s Harry Winston Monday, 6 Aug 2012 | 10:39 PM ET

    BHP Billiton is in protracted talks with Harry Winston, the Canadian mining and retail group, about a sale of its diamond business but could yet opt to keep the unit as discussions drag on with the sole remaining bidder. The FT reports.

  • Israel: No Oil, but Now Overflowing in NatGas Monday, 6 Aug 2012 | 2:58 PM ET
    A flame rises from a tower at Yemen's second liquid natural gas plant in the coastal area of Balhaf.

    Ever since its founding as an autonomous state in 1948, Israel has relied on imported energy to meet its domestic power demands. However, offshore exploration operations have now found giant natural gas fields able to supply the country with more gas than it can use.

  • Why the Kurds Hold All the Cards in Iraq Oil Sector Friday, 3 Aug 2012 | 3:35 PM ET
    Tawke oil field near the town of Zacho in Dohuk province about 250 miles north of Baghdad, Iraq.

    The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.

  • Oil at 2-Week High, Biggest 1-Day Gain in a Month Friday, 3 Aug 2012 | 3:07 PM ET

    U.S. oil futures topped $91 a barrel for the first time in two weeks, surging over 4 percent to post the biggest one-day surge for oil prices since June 29. The September WTI crude contract closed the NYMEX floor trading session up $4.27 at $91.40 a barrel.

  • Oil Posts Biggest One-Day Gain in a Month Friday, 3 Aug 2012 | 10:59 AM ET

    Oil prices are extending gains on better-than-expected U.S. non-farm payrolls data, a re-evaluation of Draghi's comments, and deepening concerns about escalating violence in Syria..

  • Biggest One-Day Drop in Nat Gas Since 2009 Thursday, 2 Aug 2012 | 3:32 PM ET
    Natural Gas

    Natural gas futures plunged 8 percent Thursday as supplies grew more than expected last week and as hot temperatures were forecast to moderate by the middle of August.

  • Which Large Oil Fields Are Waiting to Be Developed? Thursday, 2 Aug 2012 | 9:48 AM ET
    An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production.

  • Is the Gold Rush Over? Wednesday, 1 Aug 2012 | 1:12 PM ET

    Sliding gold coin sales show that retail demand for the actual metal is clearly fading, but dealers and analysts say it is not because investors are less concerned about the financial turmoil around the globe. There's just not the same fervor for the precious metal as in recent years.