Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.» Read More
Concerns about shrinking refining industry capacity put a fire under gasoline futures Friday, after news reports that a major east coast refinery shut down for repairs.
Despite natural gas prices falling to near 10-year lows last week, Shell's CEO Peter Voser says demand for gas will be much higher than oil in the long term with the Asia-Pacific region driving the sector's growth.
Gold prices surged $50 to settle above $1700 an ounce in the final hour of the open outcry session at the NYMEX, after the Federal Reserve said it will not raise rates until late 2014.
Natural gas futures surged 8 percent after Conoco Phillips spacer said Wednesday its shutting down 100 million cubic feet per day of production in 2012 due to lower prices.
Check out how commodities are trading in Tuesday's trade:
Mad Money's Jim Cramer discusses the poor performance of oil services companies and drillers, and the outlook for the sector, with Andrew Gould, Schlumberger chairman.
Oil has fallen below $99 a barrel on reports that "major powers" are expected to issue a statement Friday on the possibility of resuming nuclear talks with Iran.
Gasoline futures are rallying on yet another refinery closure.
Here are the commodities on the move Tuesday morning.
What's moving in commodities in Monday’s trade:
The top executive dishes on the company’s billion dollar deal with a subsidiary of Repsol.
Insight on oil prices, with Addison Armstrong, Tradition Energy; Fadel Gheit, Oppenheimer & Co.; and CNBC's Sharon Epperson.
Traders say Iran is the new Libya. Just as civil war in Libya caused crude oil prices to spike to near $115 a barrel in 2011, escalating tensions between the Iran and the West could cause oil prices to reach those levels again early this year.
Why did SandRidge make such a huge deal in a joint venture with Spanish oil giant, Repsol? Tom Ward, SandRidge Energy chairman/CEO weighs in.
Mad Money host Jim Cramer shares his final thoughts on why the energy sector, especially drillers and oil, is the play to make.
Will fracking have a bearish impact on natural gas prices or is supply destruction keeping prices down? Stephen Schork, The Schork Report, weighs in, with the Fast Money traders.
CNBC's Brian Sullivan reports ConocoPhillips was issued a permit to develop the first commercial oil well in Alaska; 13 thousand gallons of synthetic drilling fluid has leaked from a Shell rig in the Gulf of Mexico; the ITC has banned the imports of HTC handsets; and Swedish car maker, Saab has declared bankruptcy.
John Schiller, Energy XXI chairman & CEO, discusses Wednesday's lease sale for spots in the Gulf of Mexico and whether his company will continue to acquire of properties in the future.
The Federal government's lease auction for offshore drilling in the Gulf of Mexico is a big money maker for Uncle Sam, and oil and gas companies. CNBC's Eamon Javers reports on the auction action from the Superdome in New Orleans.
CNBC's Eamon Javers on the first Federal government auction of oil and gas leases since last year's oil spill in the gulf.