TEXAS, Texas _ Occidental Petroleum Corp. on Thursday reported profit of $1.21 billion in its third quarter. The Texas, Texas- based company said it had profit of $1.55 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.» Read More
CNBC's David Faber has the latest details on Freeport-McMoRan's acquisition of Plains Exploration and McMoRan Exploration, in a deal that will create a natural resource giant.
Mark Lewis, director of Commodities Research at Deutsche Bank Securities, informs CNBC as to why the oil price remains so high when there is so much supply coming into the market.
Ukraine was about to sign a $1.1 billion dollar deal with Spain’s Gas Natural Fenosa when it realized one teensy problem--the deal was a fake!
In December, the U.S. military will have only one aircraft carrier in the Persian Gulf for the first time in two years. The Iranian navy said it was kicking off a military exercise in the region at that time. If talks scheduled between Tehran and the IAEA turn sour, there's potential for Iran to exploit the security vacuum for geopolitical gain.
Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.
CNBC's Brian Shactman reports on the oil boom which has resulted from fracking the Bakken shale in North Dakota.
Double, double toil and trouble. All the elements for a larger regional conflict are slowly falling into place, just as the witches’ ingredients in Shakespeare’s Macbeth, as the fateful day, November 6th, or Election Day approaches. Oilprice.com reports.
What does our worlds energy future look like? To help us look into the future we spoke with Gail Tverberg, a well-known independent researcher and commentator on energy issues and author of the popular blog, Our Finite World.
US natural gas production is rising despite fewer rigs in operation, but far more reserves could be unleashed by fracking. Exports are one answer to overabundance, so what's the holdup? Oilprice.com reports.
The U.S. designated certain areas around its coast for the safe dumping of explosives, but the records of where these munitions were dumped are incomplete. Now those forgotten payloads have become a real hazard for oil ocmpanies that drill deep sea wells.
On June 30, 2009, oil mysteriously jumped by more than $1.50 a barrel during the night, to reach its highest price in eight months, the kind of swing that is caused by a major geopolitical event.
Brent oil prices will probably fall another $5 from Wednesday’s $110 a barrel, while natural gas should reach $4 by the end of the year, noted energy investor Boone Pickens told CNBC’s "Closing Bell."
Exxon Mobil and Rosneft are planning to drill in the Kara Sea that holds enough oil to supply the world for five years. But environmentalists fear nuclear radiation.
Last week, shareholders at Nexen voted in favor of the proposal in what could be a landmark for a Canadian business. But lawmakers in Ottawa have expressed reservations about Beijing's dominance in a market habitually tied to the United States.
Israel is interested in developing natural gas alternatives in the eastern Mediterranean. The problem is that it is in contested waters claimed by not only Israel, but the Palestinian Authority, the Republic of Cyprus and Turkey.
The Arctic’s abundant supplies of oil, gas and minerals are, thanks to climate change, becoming newly accessible, the New York Times reports.
We're not talking about the Persian Gulf. It's the South China Sea where China and Vietnam are on a collision course that could result in higher commodity prices and far worse.
In an interview with OilPrice.com, the president of a private intelligence company discusses whether rebels can defeat Syria's President Bashar al-Assad.
The crude oil market signaled a warning to all the markets with its precipitous decline, yesterday.
Officials and industry experts are worried that the potential wealth to be made from Afghanistan's resources has increased the level of corruption, violence, and intrigue in the country.