July 29- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, forecast falling demand for deepwater rigs, overshadowing robust demand for jack-up rigs, used in shallower waters, as well as land rigs.» Read More
Neglia runs Volpe Realty, specializing in commercial and residential sales, rentals and land purchases. He and his wife bought the business in 2007, months before the financial crisis. Neglia says, though, "it was a calculated risk."
Professional traders, unabashed risk-takers, are always looking for the next hot opportunity not only to trade, but to own. Many are entrepreneurs in other businesses outside of investing and financial services — they're in varied fields from sports betting to mobile apps to commercial real estate.
Oil prices rallied on renewed optimism over debt problems in the European Union and concerns over energy security in the Middle East after an explosion of a crude oil pipeline in Syria.
Gold priced in euros broke above of key trend line Monday morning, as safe-haven buying and upward technical momentum continue to help the precious metal rally.
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.