March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.» Read More
TransCanada plans to move forward with a portion of the Keystone XL Pipeline, in hopes of boosting the flow of crude from Cushing, OK, to the U.S. Gulf coast, with Alexander J. Pourbaix, TransCanada president.
Discussing some short term plans to reduce oil and gas prices, with T. Boone Pickens, BP Capital Management founder/CEO, who says the U.S. has the cheapest energy in the world.
Gasoline prices are rising, currently averaging $3.72 a gallon. That means there’s opportunity for investors in drilling and refinery company stocks, Sterne Agee analyst Tim Rezvan told CNBC Monday.
Tim Rezvan, Sterne Agee vice president, energy research, reveals his four oil exploration and production plays, including Berry Petroleum, Occidental Petroleum, Pioneer Natural Resources, and Gulfport Energy.
Mike Harrowell, Senior Resources Analyst, BBY, says supply and demand issues continue to dominate the oil market. He adds the price of oil at $120 will have a huge dampening effect on growth in Asia particularly.
Victor Shum, Managing Director, Purvin & Gert, says the spike in oil prices based on mere speculation of an explosion shows the oil market is extremely sensitive to major supply disruptions.
Consumers are already cutting back purchases at gasoline station convenience stores as the price at the pump rises, Gulf Oil CEO Joe Petrowski told CNBC Tuesday.
Gas prices are virtually guaranteed to soar — maybe even to $7 per gallon — as concerns over Iran push crude oil higher, Mercbloc President Dan Dicker said Friday.
To play this money-making trend, the “Mad Money” host listed his preferred oil and gas plays.
John Hofmeister, founder of Citizens for Affordable Energy and the former CEO of Shell Oil's U.S. operations, warned there is a "better than 50 percent chance" the price of gas will spike to $5 a gallon on continued heavy demand in emerging markets and poor public policy at home.
Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
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.
A price of $100 a barrel for oil is sustainable both for producers, who can invest and have enough income and for consumers, whose economies can flourish with oil at that level, OPEC Secretary General Abdalla Salem El-Badri told CNBC.
Despite natural gas prices falling to near 10-year lows last week, Shell's CEO Peter Voser says demand for gas will be much higher than oil in the long term with the Asia-Pacific region driving the sector's growth.
Daniel Stecich, TJM Institutional Services and CNBC's Rick Santelli discuss the Keystone pipeline debate.
The holidays are over and so are the low gas prices enjoyed by drivers. The national average of $3.20 a gallon is "as low as you're going to go," Joe Petrowski, CEO of Gulf Oil, told CNBC Tuesday.
CNBC's Brian Shactman reports Statoil bought Brigham Exploration in a $4.4B deal.
In this new era of permanently high oil, stick with the best drilling plays like Ensco, says Mad Money's Cramer, and avoid the losers like Transocean.
Where oil prices are headed in 2012 from both a technical and a fundamental standpoint, with Abigail Doolittle, Peak Theories Research, and Stephen Schork, The Schork Report.
Jonathan Dienst, WNBC reports the IAEA says there is credible information that Iran is secretly designing a nuclear bomb; attorney general, Eric Holder was grilled on Capitol Hill; the government will auction off blocks for oil & gas exploration, and the NBA players have rejected an offer by league owners.