BISMARCK, N.D., Dec 19- Tumbling U.S. oil markets approached an important if obscure milestone on Thursday, closing near a price that could trigger a $5.3 billion, two-year tax break for North Dakota oil drillers as soon as next summer. "We're really at the point where we could start calculating this," Ryan Rauschenberger, North Dakota's tax commissioner, said in an...» Read More
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).
Is oil a buy or sell right now? Darren Wolfberg, BNP Paribas director of energy trading, says he is staying bullish on oil for the long-term.
This name trades like it’s just another part of the oil and gas complex, but it is actually an innovative tech company.
National Oilwell Varco is one of the dominant players in oil services, says Mad Money's Cramer, because it has unparalleled technology that seems impossible for the competition to duplicate, and that makes the stock a "buy".
Charif Souki, Cheniere Energy CEO, discusses his company's plans to spend billions on natural gas export terminals.
TransCanada plans to move forward with a portion of the Keystone XL Pipeline, in hopes of boosting the flow of crude from Cushing, OK, to the U.S. Gulf coast, with Alexander J. Pourbaix, TransCanada president.
Discussing some short term plans to reduce oil and gas prices, with T. Boone Pickens, BP Capital Management founder/CEO, who says the U.S. has the cheapest energy in the world.
Tim Rezvan, Sterne Agee vice president, energy research, reveals his four oil exploration and production plays, including Berry Petroleum, Occidental Petroleum, Pioneer Natural Resources, and Gulfport Energy.
It is the hot topic from the gas pump to Washington to the trading pits at the New York Mercantile Exchange: Will rising tensions with Iran push energy prices back above 2008 record levels this spring? Fund managers are apparently betting that they will.
Lowering oil prices will require a long-term approach to exploration and production, though tapping domestic reserves is not out of the question, Treasury Secretary Timothy Geithner told CNBC.
As oil hit nine-month highs Thursday, “Fast Money” pro Tim Seymour took a longer view on the effects that would have in the consumer space.
President Obama is focusing on Americans' anxiety over rising gasoline prices, taking credit for rising oil and gas production.
John Hofmeister, former Shell Oil USA operations president and founder and CEO of Citizens for Affordable Energy, recently talked with NetNet’s C-Suite about what factors he is looking at when formulating his oil outlook
The latest inflation data shows rising gasoline prices could start to pinch consumers and steal away any savings from the just-approved extension of the payroll tax cut.
To play this money-making trend, the “Mad Money” host listed his preferred oil and gas plays.
Rising gasoline prices could bite into any savings from the expected extension of the payroll tax cut, but for now the higher costs could be somewhat offset by lower winter heating bills.
Traders are bidding up natural gas prices after an executive from Chesapeake Energy spacer reiterated that low prices may force the company to significantly cut gas production.
Despite pronouncements by Saudi royalty and oil officials that that country will not let the price of oil go above $100 a barrel, Brent crude prices now appear poised to breach $120 a barrel.
Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.