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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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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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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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Outside North America, the number of rigs actually drilling for oil and gas averaged 1,277 in January and February, the highest since 1983, and more than double the number operating in 1999, according to rig counts published by oil field services company Baker Hughes International on its website.
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Outside North America, the number of rigs actually drilling for oil and gas averaged 1,277 in January and February, the highest since 1983, and more than double the number operating in 1999, according to rig counts published by oil field services company Baker Hughes International on its website.
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TRIPOLI, March 18- Armed clashes broke out at an oil field belonging to Libya's Waha Oil on Monday when a militia attacked the security forces guarding it, a company source said. It was the second such attack in weeks as OPEC member Libya struggles to secure its vital energy industry. "The clashes are at the Dahra field. came under attack.
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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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NBC News and CNBC look at the implications US energy independence would have for the economy, other types of energy, foreign policy and the environment.
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March 17- Oman's state budget surplus for the year to date reached 417.9 million rials at the end of January, data from the finance ministry showed. Analysts polled by Reuters in January forecast the non- OPEC oil exporter would post a surplus of 2.6 percent of GDP for all of 2013..
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BASRA, Iraq, March 16- Royal Dutch Shell will resume operations at Iraq's Majnoon oilfield on May 1, with initial production of 100,000 barrels per day, oil minister Abdul Kareem Luaibi said on Saturday. Majnoon, one of the OPEC state's major fields, started a shutdown in June for maintenance and to bring new production facilities online.
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CNBC's Bertha Coombs 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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WASHINGTON, March 13- The United States extended 180- day waivers on Iran sanctions to Japan and 10 European Union nations in exchange for their cutting purchases of the OPEC nation's crude oil, Secretary of State John Kerry said on Wednesday.
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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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Oil traded mixed on Wednesday, but expectations of steady global consumption growth held Brent crude above $109 a barrel.
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WASHINGTON, March 13- The United States is expected to renew waivers on Iran sanctions for Japan and 10 European countries as soon as Wednesday in exchange for their reducing purchases of the OPEC nation's crude oil, U.S. government sources said.
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*Demand for OPEC oil lowest since 2009 crisis. *Q2 to see heavy refinery maintenance works in Asia. LONDON, March 13- Soaring U.S. oil production should be enough to allow consumers withstand most potential supply shocks, the International Energy Agency said on Wednesday, as it cut estimates for global oil demand.
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WASHINGTON, March 13- The United States is expected to renew waivers on Iran sanctions for Japan and 10 European countries as soon as Wednesday in exchange for their reducing purchases of the OPEC nation's crude oil, U.S. government sources said.
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*Bearish monthly reports from OPEC, EIA and IEA. LONDON, March 13- Oil prices fell on Wednesday on a rise in U.S. stockpiles and a mildly bearish weekly report from the West's energy agency, with benchmark Brent crude dropping below a key $109 a barrel level.
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*OPEC holds oil demand outlook unchanged, sees downside risk. SINGAPORE, March 13- Brent futures eased on Wednesday as Asian equities lost ground on concerns the recent rally was running out of steam, but expectations of steady global consumption growth and a surprise fall in U.S. stockpiles held the benchmark above $109 a barrel.
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*OPEC sees oil demand downside risk, rising supply. SINGAPORE, March 13- Brent futures held steady above $109 a barrel on Wednesday on expectations of steady growth in global oil consumption, with a surprise fall in stockpiles in the world's top oil consumer, the United States, providing additional support.
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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.