March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.» Read More
This week's mega-mergers have suddenly forced mid-sized players to reexamine their strategies.
It was a story from the U.K. Guardian newspaper towards the end of the trading session that sent stocks on a tear with commodity prices tagging along for the ride.
Traders are watching China. Gauging how far and how fast China's growth may have slowed over the past quarter -- and what that could mean for coming quarters. It will be critical to the next move in key commodities like copper and crude as well as equities, traders say.
With November Brent Crude futures expiring in Friday’s session, traders are expecting more volatility on the spread between Brent and WTI oil futures.
CNBC's Bertha Coombs reports on the oil industry from Larose, Louisiana, where the promise of paying jobs is fueling the call for expanded drilling.
Mad Money host Jim Cramer explains running an oil pipeline is like operating a toll road, and it has less exposure to commodity price risk, interest rate risk, or foreign exchange risk. Discussing where ENB is headed and its future growth plans, with Patrick Daniel, Enbridge CEO.
Goldman Sachs noted yesterday (Wednesday) that the energy sector has been outperforming in the last week, and the investment bank is looking for that trend to continue.
This stock got taken down with the pullback, even though the underlying company is intact, the "Mad Money" host said.
Oil prices are heading back towards the $80 - $100 a barrel sweet spot which will boost oil stocks and take pressure off the global economy, according to Jens Zimmermann, a senior equity analyst at ABN AMRO Private Banking in Zurich.
President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.
On the one-year anniversary of the Gulf oil spill, BP has been named the "Worst Company in America" by Consumerist.
The buzz at the “Business and Investment In Qatar Forum” is summed up by a Pegasus private equity investor as, “get in soon, it’s growing fast.”
Finding Qatar on a map may be as difficult as learning how to pronounce the country's name. But analysts say that shouldn't stop investors from targeting the small desert nation—as long as they understand the business culture .
Transocean acknowledged that its description of 2010 as its "best year in safety" despite a blowout that sank one of its rigs, killing 11 workers and causing a huge oil spill, might be insensitive.
Most oil companies are trading higher, helped by a surge in crude prices, according to Michael Kay, equity analyst at S&P.