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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Moves by the Bank of Japan sent the dollar higher and oil lower, but nat gas inventory draw downs pushed natural gas higher.
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Moves by the Bank of Japan sent the dollar higher and oil lower, but nat gas inventory draw downs pushed natural gas higher.
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PARIS, April 4- OPEC is happy with the producer group's official oil output ceiling of 30 million barrels per day, its secretary general Abdullah al-Badri said on Thursday, ahead of an OPEC meeting next month to set output policy.
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U.S. oil prices posted the biggest one-day slide of the year in the midst of a broad commodities sell off. Natural gas prices also declined ahead of data on U.S. storage levels, due out tomorrow. CNBC's Sharon Epperson on what traders will be watching in the coming session.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The national average price of regular gasoline was $3.63/gallon Monday, according to AAA. That's 13 cents lower than the average price on March 1 and 30 cents cheaper than April 1, 2012.
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Natural gas has more than doubled since April of last year and is at a 19-month high, she reports. Tomorrow's report could show a draw down of 83-87bcf, which would likely drive prices higher.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The Cypress bailout drove today's activity, as oil traded at its highest level in a month.
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The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
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*OPEC member Kuwait produced 2.9 mln bpd in March. KUWAIT, March 25- Oil prices at around $100 a barrel are reasonable for both consumers and producers, OPEC heavyweight Saudi Arabia's oil minister said on Monday, again highlighting the top crude exporter's preferred oil price.
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Tripoli, March 25- A truck drivers' strike has halted some drilling at an oilfield of Libya's Waha Oil, a union source said on Monday, the latest a number of disruptions to the industry that provides the lion's share of Libya's income. It was the second such attack in weeks as OPEC member Libya struggles to ensure security of the vital industry.
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Tripoli, March 25- A truck drivers' strike has halted some drilling at an oilfield of Libya's Waha Oil, a union source said on Monday, the latest a number of disruptions to the industry that provides the lion's share of Libya's income. It was the second such attack in weeks as OPEC member Libya struggles to ensure security of the vital industry.
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CARACAS, March 22-- Venezuelan state oil company PDVSA's 2012 revenue slipped 0.2 percent compared with a year ago to $124.5 billion, while profit fell 6.1 percent to $4.2 billion, the OPEC country's oil minister said on Friday.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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RAVENNA, Italy, March 20- OPEC member Iraq's fifth licensing round for oil exploration will be held in the next few months and will come from 10 oil blocks, its oil minister said on Wednesday. Iraq, which has some of the world's largest oil reserves is pushing hard to develop the industry, shattered by years of war and instability.
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RAVENNA, Italy, March 20- OPEC member Iraq said on Wednesday its fifth licensing round for oil exploration will be held in the next few months and will come from 10 oil blocks. "In the next few months there will be the fifth licensing round," Iraqi oil minister Abdulkareem Luaibi said at an industry conference in Italy.