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Natural Disasters

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  • Iowa-Based Companies Feel Flooding's Effects Tuesday, 17 Jun 2008 | 11:15 AM ET

    The flooding in Iowa has spread its economic stress to more than just rising corn prices. Many Iowa-based companies are also feeling the strain, causing production to stop and stocks to move.

  • In Midwest Floods, a Broad Threat to Crops Monday, 16 Jun 2008 | 12:03 PM ET
    Flooded streets, Cedar Rapids, Iowa.

    Record floods have devastated Iowa farmers, The New York Times reports.

  • Saudi Arabia's pledge to boost oil production by 500,000 barrels per day may not be achievable, a source close to the Saudi oil industry told CNBC.com.

  • Oil Prices Likely to Stay High: Analysts Wednesday, 11 Jun 2008 | 9:31 AM ET

    The start of hurricane and driving season in the U.S., coupled with instability in Nigeria and fuel stockpiling for winter will likely keep the crude price from falling, analysts told CNBC on Wednesday.

  • Saudis Boost Oil Output: Ministry Sources Tuesday, 10 Jun 2008 | 9:42 AM ET

    Saudi Arabia's oil output increase by almost 500,000 barrels a day this quarter, to 9.54 million barrels, CNBC has learned from sources in the Saudi Oil Ministry.

  • Senate to Take Up Landmark Climate Legislation Monday, 2 Jun 2008 | 9:26 AM ET
    Washington D.C.

    With the country in the grips of  near-hysteria over soaring gasoline prices, Congress begins debate Monday on landmark climate legislation that critics say will substantially increase energy costs – and not produce any of the intended environmental benefits.

  • Hurricane Season May Be A Perfect Storm for Energy Friday, 30 May 2008 | 10:42 AM ET

    The 2008 hurricane season officially begins on Sunday, and active season could have serious implications for energy prices.

  • Oil Prices Could Be Nearing A Peak After Record Rise Wednesday, 28 May 2008 | 5:01 PM ET
    Oil Refinery

    The unprecedented run-up in oil prices may finally have reached a peak as the dollar stabilizes, Saudi Arabia boosts production slightly and demand slows, analysts say.

  • Exxon Holders Reject Split of CEO, Chairman Roles Wednesday, 28 May 2008 | 2:13 PM ET
    Exxon Mobile

    Slightly less than 40 percent of shareholders voted at the oil company's annual meeting Wednesday to create an independent chairman.

  • Farmers Await Food Aid After Myanmar Cyclone Monday, 26 May 2008 | 1:35 AM ET
    A village damaged by Cyclone Nargis is seen Thursday, May 22, 2008 in an aerial view over the Irrawaddy delta, Myanmar from the helicopter carrying United Nations Secretary General Ban Ki-Moon. (AP Photo/United Nations, Evan Schneider)

    The roads of the ravaged Irrawaddy Delta are lined these days with people hoping to be fed. After lifetimes living off the land, poor farmers have abandoned their ruined rice paddies, setting up makeshift bamboo shelters, waiting for carloads of Burmese civilians who have taken it on themselves to feed those who lost everything to Cyclone Nargis.

  • Junta Offers Showcase Camps, But Refugees Lack Aid Thursday, 22 May 2008 | 11:50 PM ET
    Myanmar soldiers carry sacks of rice, part of aid supplied by the Thai government, at an airport in Yangon, Myanmar Tuesday, May 6, 2008. Myanmar's Irrawaddy delta, where nearly 22,000 people perished, remained largely cut off from the rest of the world Tuesday, four days after a cyclone unleashed winds, floods and high tidal waves on the densely populated region. (AP Photo)

    The 68 blue tents are lined up in a row, with a brand-new water purifier and boxes of relief supplies, stacked neatly but as yet undelivered and not even opened.  But for the majority of Cyclone Nargis survivors, aid is something they've had no access to.

  • As Oil Prices Spike, So Does Market Anxiety Thursday, 22 May 2008 | 4:48 PM ET

    Its price has become one of the most widely discussed, debated and feared topics on Wall Street and on Main Street. But what's next? Will it continue to climb toward a "super spike" or have we seen the top for oil prices?

  • Tell Us: Who's to Blame for America's Oil Crisis? Thursday, 22 May 2008 | 11:00 AM ET

    Tell Us: Who's to Blame for America's Oil Crisis?

  • Bike Commuters Opt to Burn Fat, Not Gas Thursday, 15 May 2008 | 1:41 PM ET

    Friday may be national Bike-to-Work Day, but more and more commuters are doing it on a daily basis, driven by ever-higher gasoline prices.

  • Cyclone-Hit Myanmar Could Face Rice Shortages Wednesday, 7 May 2008 | 10:37 PM ET
    In this photo released by the Democratic Voice of Burma, trees are seen uprooted after tropical cyclone Nargis hit in Myanmar's biggest city, Yangon, on Sunday May 4, 2008. More than 350 people have died in Myanmar from a powerful cyclone that knocked out power in the impoverished country's commercial capital and destroyed thousands of homes, state-run media said Sunday. (AP Photo/ Democratic voice of Burma)

    The first United Nations relief flights started to arrive on Thursday for cyclone victims in military-ruled Myanmar as a U.S. diplomat said that more than 100,000 people may have been killed.

  • Goldman: Natural Gas Crunch Possible This Winter Wednesday, 7 May 2008 | 9:12 AM ET

    U.S. natural gas inventories could be at seriously low levels at the start of winter this year, if current rates of liquefied natural gas (LNG) imports remain at record lows, a Goldman Sachs report said Wednesday.

  • EU Should Rethink Biofuels Target: Lord Stern Wednesday, 16 Apr 2008 | 2:51 PM ET

    The author of "the Stern Review" on the economic impact of climate change, Lord Nicholas Stern, talks to CNBC Europe about biofuels and climate change.

  • California Earthquakes

    In the "You don't say?" file, the U.S. Geological Survey is predicting that California has a "99.7 percent chance" of getting hit by an earthquake of magnitude 6.7 or worse in the next 30 years. This information is used by insurance companies in setting earthquake policy rates.

  • OPEC: Weak Dollar, Not Supply, Keeps Prices High Tuesday, 8 Apr 2008 | 9:18 AM ET

    The weak dollar is the main factor keeping prices at high levels, not the supply of oil, and that situation is likely to continue, current OPEC president Chakib Khelil, who is also Algerian Oil Minister, said on Tuesday.

  • Should U.S. Crack Down on Fuel Speculators? Thursday, 3 Apr 2008 | 3:02 PM ET
    Heating Oil Delivery Truck

    Are hedge funds and investment banks unfairly driving up fuel costs for families in the U.S. -- or are soaring energy prices the result of a strong global economy and a free financial system? Industry officials are debating the question -- and will present their arguments to CNBC on Thursday.