The United Arab Emirates on Sunday urged oil producers not to raise their output for 2015. John Kingston, Global Director of News, Platts, discusses whether that could solve oversupply woes in oil markets.» Read More
Renowned oil and gas trader, Mark Fisher of MBF Asset Management, on why he believes the recent run up in oil is a necessary catalyst towards revamping U.S. energy policy.
The more the President attempts to explain his plan to address the U.S.' energy problem, the less sincere he sounds. As if he is going through the motion of feeling our pain at the pump, not to mention at the supermarket.
A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.
Exactly one year ago, on April 20th, 2010, shares in Transocean - already listed on the NYSE - started trading on the Swiss stock exchange.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including the latest data from MasterCard on retail gasoline demand, and looks ahead to where oil and gold may be headed tomorrow.
Consumers will put the brakes on car travel when gas reaches an average $4 a gallon, Gulf Oil CEO Joe Petrowski told CNBC Monday.
Today’s session on the Nymex is pivotal for the oil market. After a massive two-day selloff at the start of the week, oil bulls, with tremendous help from a feeble U.S. dollar, have managed to regroup and claw back into the fray.
No one's sure whether to go forward or pull back in this soft patch. Either way, the trigger pullers are recalibrating their world view, says Cramer. And people are saying things have turned for the worse. Fortunately, Cramer has a different take.
Yesterday (Wednesday), Nymex crude oil closed higher. In reality, the market limped higher. Pulled up (begrudgingly, it seemed) by a Brent market in London that does not want to quit.
2010 was hardly a great year for the comms team at BP, so with the appointment of Peter Henshaw as new Director of Communications this February, after a successful stint at BG, hopes have been high for a fresh change of direction.
Egypt's former President Hosni Mubarak and his two sons will appear before a Cairo court on Tuesday, April 19, for questioning, state television said on Wednesday.
Today’s issue of The Schork Report highlights this inconsistency… exactly how high do oil prices have to go before the IEA thinks global oil consumption will respond?
Crude supplies are up over a million barrels, but the decline in gasoline is far more than analysts were expecting, reports CNBC's Sharon Epperson. Also, a look at the recent rise in oil prices, and the hunt for cheap oil, with Addison Armstrong, Tradition Energy, and CNBC's Simon Hobbs.
Following Goldman Sachs' negative call on crude prices which took the wind out of the commodities rally this week, Bank of America Merrill Lynch is predicting a 30 percent chance that Brent crude could hit 160 dollars a barrel in 2011.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is headed, particularly in light of Goldman Sachs' recommendation that investors take profits.
The catalyst appears to be a research note that was put out by Goldman Sachs stating that the bank was exiting its CCCP Basket (40% of which was comprised of Nymex WTI crude oil for December 2011 delivery).
Fresh headlines over the weekend could portend another difficult week for oil bears (present company included).
Real estate developer Donald Trump blames President Obama for the rising price of oil, warning, "this country can never, ever recover" if oil prices continue to go up.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil, gold, silver and copper are likely headed Monday.
Since last Thursday’s end-of-quarter inspired spike, Nymex crude oil has been on an absolute tear. At the same time the natural gas bulls have absolutely refused, again, to stop playing the role of Charlie Brown, to the bear’s Lucy.