Investors pumped $1.2 billion into catastrophe bonds in the first quarter, betting on a mild hurricane season this summer.» Read More
The oil market is over-supplied, said Joe Petrowski, the CEO of Gulf Oil on Thursday. As oil stocks approach a 29-year high, the fundamental supply-side of the market has never been more bearish, he said.
If you think coal is the answer to all our energy woes, you might want to think again.
While Americans debate the use of so-called clean coal, China is mastering the application of the technology.
Mexico's state-owned oil company PEMEX appears to have not been affected by the swine flu, though oil prices have plunged.
Christophe de Margerie doesn't see a bounce back this year, saying 2010 is more likely.
Oil is relatively cheap, supplies are more than ample (some analysts fear we're awash in crude), so why am I paying more at the gas pump than I was a month ago?
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A fast and furious as the crude oil market selloff has been, it's far from over, says one expert.
Most U.S. spot natural gas rose Thursday for the first time in five trading days, with gas at benchmark Henry Hub in Louisiana climbing from Thursday's lowest level in nearly a year amid stronger gas futures and concerns about continued shut in Gulf of Mexico production.
Oil prices, which plunged nearly $6 on Monday as the Wall Street crisis rattled investors, is likely to continue falling even more, experts say.
Two oil rigs broke loose from their moorings in the Gulf of Mexico during Hurricane Ike, CNBC has learned Saturday.
Top economists discuss the fate of Lehman Brothers and how the company's outcome will affect the stock market while the CEO of Ford restructures his company—focusing on improving fuel mileage and efficiency. Plus, Hurricane Ike is expected to strike the southern US coast early on Saturday, bringing a massive storm surge that could prove fatal for those who have not left the area. Following are today's top videos:
OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.
Three years after Hurricane Katrina, New Orleans' deputy chief of Army Corps of Engineers comments on how the city is preparing for future storms. Plus, ClimateMaster introduces a device that uses geothermal power. Following are today's top videos:
SEC Chairman Christopher Cox talks about Fannie Mae and Freddie Mac's stock movements while Sin City's gambling industry faces an economic earthquake. Following are today's top videos:
Americans are driving tens of billions of miles less these days, and experts don't expect that to change unless gasoline prices drop much below $3.
Some of the new tracks…but not a majority…want to take the storm into the western shore of Florida in the Gulf of Mexico by Tuesday. Of course, whenever we are talking about anything 4 to 5 days out, we need to deal with change.
Today on CNBC, Merrill Lynch CEO John Thain gave an exclusive interview, and the chairman of Rosen Real Estate Securities claimed that economic recession has only just begun. What follows are today's top videos:
Investors with an appetite for wildcat oil exploration plays can now thank - of all people - former Iraqi dictator Saddam Hussein. Because of his decades-long suppression of Kurds in northern Iraq, the region’s extensive petroleum reserves have gone untapped.
Prices are not driven by speculation and the short-term target is still $150 a barrel, Boone Pickens told CNBC. But they could dip to $100 over 2 years.