NEW YORK— Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months. "These companies can hold up in weaker markets," said Brian Youngberg, an analyst at Edward Jones, about Exxon and Chevron. Those results helped Exxon's overall earning rise 3 percent in the quarter to $8.07 billion.» Read More
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
The price of the world’s most important oil benchmark is being boosted by South Korean refiners buying on the back of a tax loophole involving North Sea oil. The FT reports.
There are too many options but no one solution to the energy problem. Our needs are many. The current alternative energies — solar, wind, biofuels, nuclear and geothermal — all have limitations, but they're worth it until something better comes along.
Gas prices are rising because demand is rising in the developing world, which is a more consistent and growing pressure than fluctuating tensions in the Middle East, the Christian Science Monitor reports.
As oil hit nine-month highs Thursday, “Fast Money” pro Tim Seymour took a longer view on the effects that would have in the consumer space.
President Obama is focusing on Americans' anxiety over rising gasoline prices, taking credit for rising oil and gas production.
John Hofmeister, former Shell Oil USA operations president and founder and CEO of Citizens for Affordable Energy, recently talked with NetNet’s C-Suite about what factors he is looking at when formulating his oil outlook
The best energy bet for the United States amid rising crude prices might lay in natural gas, billionaire oilman T. Boone Pickens said Wednesday.
Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.
As oil prices rose for the fourth day in a row to $99 a barrel Thursday, “Fast Money” pros said integrated companies were the way to play the market.
By some estimates, shale gas reserves in China could be bigger than those in the U.S. and Royal Dutch Shell hopes to be a major player in the market.
Oil may be back near $100, but independent oil trader Dan Dicker warned Thursday that gains may be short lived.
Goldman Sachs noted yesterday (Wednesday) that the energy sector has been outperforming in the last week, and the investment bank is looking for that trend to continue.
United Continental Holdings took off with upside option activity, as an early pullback in the price of oil gave airline stocks a lift.
Rising gasoline prices, coupled with the steepest increase in food prices in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners.
These three stocks are in the best position to benefit from increased oil prices, the "Mad Money" host said.