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  • Bush Ethanol Plan Cut Down Tuesday, 13 Feb 2007 | 9:00 AM ET
    ** FILE**  In a file photo an E85 fuel pump is shown Friday, March 3, 2006, at the Ohio Department of Agriculture in Columbus, Ohio. The fuel consists of 85 percent ethanol and 15 percent petroleum.  After a spurt of good fortune, the fledgling U.S. ethanol industry is anticipating some growing pains that could bring it unwanted attention this summer.   (AP Photo/Kiichiro Sato)

    President Bush's call for increased use of ethanol is likely to increase fuel costs and greenhouse emissions because more fossil fuel will be required to produce the alternative fuel, say energy experts.

  • IEA Raises World Oil Demand Forecast, Cautions OPEC Tuesday, 13 Feb 2007 | 4:26 AM ET

    The International Energy Agency has raised its forecast for 2007 world oil demand growth following revisions to its outlook for China and told OPEC that any further supply cuts could markedly tighten the market.

  • Micron

    Falling oil and weaker global markets are the backdrop for a likely lower opening in U.S. stocks this morning. Saudi Arabia's oil minister Ali Naimi knocked the wind out of oil prices early today. In an interview with the Wall Street Journal, Naimi said he was satisfied with market conditions and that OPEC may not need to change output.

  • OPEC Waits Till March to Gauge Cut Impact Monday, 5 Feb 2007 | 3:33 AM ET

    OPEC will wait until March to gauge the impact of an output cut implemented on Feb. 1 before deciding on any further action, Qatar's Energy Minister Abdullah bin Hamad al-Attiyah said on Monday.

  • "Worked Up" Over Jobs And Global Warming Friday, 2 Feb 2007 | 8:19 AM ET

    It's all about the jobs report today, and stocks are tentative ahead of the number. The market is looking flat to positive, after a rousing performance yesterday that lifted the Dow to its 27th new record since October. Non farm payrolls are expected to increase by 167,000.

  • Can Saudis Still Call The Shots On Oil? Wednesday, 31 Jan 2007 | 12:00 PM ET

    If you’ve been paying attention to the oil market lately, you’ve probably spent some time scratching your head. Crude oil prices seem to fluctuate on a day-to-day basis now, leaving investors to wonder when the volatility will end – and what’s behind it.

  • OPEC Expects Latest Cuts to Help Stabilize Oil Prices Tuesday, 30 Jan 2007 | 12:23 PM ET

    OPEC is preparing to implement another round of oil cuts from Feb. 1, satisfied its decision to curb supplies by 6% has succeeded in restoring market balance and arresting a $24 price fall since July.

  • Fed On The Clock and Oil Firms Up Tuesday, 30 Jan 2007 | 7:46 AM ET

    The Dow is pointing higher this morning as investors focus on the Fed's two day meeting and a bunch of big earning reports. European markets are slightly weaker and Asian stocks were mixed overnight. The yen remains lower against the dollar.

  • CNBC's Melissa Francis reported today on "speculation" that the Saudi Oil Minister, Ali Al-Nami, might be replaced when the Saudi monarchy shakes up its cabinet in February. Al-Nami has held the post for 12 years. Also of noteon oil--the New York Times reported over the weekend that the Saudis are committed to keeping oil prices at $50 a barrel.

  • Vista Hits The Masses--Verizon "Hangs Up" on Apple Monday, 29 Jan 2007 | 8:32 AM ET

    Stocks in the U.S. are looking for direction this morning as Europe trades mostly higher and Asian stocks were mixed overnight. Lots of deal news and earnings reports are making headlines  this morning, and investors await a heavy menu of economic data and a Fed meeting later in the week.

  • President Bush's Ethanol Plan Running On Empty Wednesday, 24 Jan 2007 | 12:41 PM ET
    ** FILE**  In a file photo an E85 fuel pump is shown Friday, March 3, 2006, at the Ohio Department of Agriculture in Columbus, Ohio. The fuel consists of 85 percent ethanol and 15 percent petroleum.  After a spurt of good fortune, the fledgling U.S. ethanol industry is anticipating some growing pains that could bring it unwanted attention this summer.   (AP Photo/Kiichiro Sato)

    President Bush's call for increased use of ethanol is likely to increase fuel costs and greenhouse emissions because more fossil fuel will be required to produce the alternative fuel, say energy experts.

  • SOTUS Reacts, Davos and "Business Nation" Wednesday, 24 Jan 2007 | 8:04 AM ET

    Yahoo and Sun Micro are giving a boost to the Nasdaq this morning but the picture for stocks is mixed as investors await today's earnings reports. Europe and Asian markets were mostly higher, and the dollar is recovering some ground against the euro and sterling, after hitting a 14-year low against the British pound. In addition to Iraq, President Bush's State of the Union puts...

  • CNBC's Domm: Exciting Week Ahead Sunday, 21 Jan 2007 | 10:49 AM ET

    Investors will be ducking earnings bombshells and hoping to make some gains this week in what promises to be the busiest couple of days of the fourth quarter earnings season. President Bush's State of the Union address Tuesday night and the Democratic response is the big political event of the week. Major economic reports include housing data and durable goods.  But we know it will be the Oscar nominations Tuesday that everyone will be talking about.

  • Oil Supply Outside OPEC Set to Disappoint: IEA Thursday, 18 Jan 2007 | 5:15 AM ET

    Oil producers outside OPEC will pump less oil than expected this year, the International Energy Agency said on Thursday, increasing the burden on OPEC just as the exporter group is trimming supply.

  • Why Chavez Has Support in Venezuela Wednesday, 17 Jan 2007 | 12:48 PM ET
    Pres. Hugo Chavez of Venezuela

    We've been mentioning the price of oil and Venezuela's President Hugo Chavez in the same sentence in some previous posts. This is in light of his moves to nationalize some of his country's utilities. It might be worth a look to see why he's popular-- for the most part--in Venezuela. CNBC's Michelle Caruso-Cabrera is on assignment in Venezuela...

  • Pickens On CNBC: No Panic-Oil Prices Will Go Up Wednesday, 17 Jan 2007 | 9:47 AM ET

    He's Boone Pickens--he's CEO of the private equity firm BP Capital--and he's a major "player" when it comes to oil (he has an estimated worth of $2.7 billion). He called in to "Squawk Box" this morning to talk about the falling price of crude. A little background before we get to what Pickens said.

  • Saudi Oil Minister Says Oil Market Healthy Wednesday, 17 Jan 2007 | 4:46 AM ET

    Saudi Arabia's oil minister Ali al-Naimi said on Wednesday that there is no need to worry about oil prices because the market is healthy.

  • Nigerian oil minister Edmund Daukoru said on Tuesday OPEC should wait and see the effects of the February crude oil supply cuts before deciding on any deeper reductions.

  • Day Ahead: Earnings, OPEC and BP Safety Report Tuesday, 16 Jan 2007 | 8:22 AM ET

    Lots of corporate headlines are already getting attention ahead of the open. Stocks in the U.S. are lining up to open higher at this point, and earnings will be the big focus. After making gains yesterday, European stocks are mixed with a flattish performance, and Japanese stocks were little changed to the downside.

  • CNBC's Domm: A Very Busy Week Ahead Sunday, 14 Jan 2007 | 11:33 AM ET

    Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.