A former top oil executive says the price of gas at the pump could double by year's end, even as consumers are enjoying low prices.» Read More
HOUSTON, Jan 7- The world's oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday. International spending is expected to tumble 15 percent this year, while spending under a $55 to $60 average price...
Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.
GasBuddy.com's annual gas price outlook says the U.S. average gallon price could hit lowest mark since 2009, USA Today reports.
OPEC is looking to put a lid on the U.S. fracking boom, former Wells Fargo boss Richard Kovacevich tells CNBC.
Scientists at Miami University of Ohio identified what may be one of the biggest quakes that has resulted from fracking.
When cities decide to ban fracking, they can face expensive, long court battles with energy companies and industry groups to defend the measures.
Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.
While some are praising New York's decision to ban fracking, some business owners who were hoping for a drilling-related boom are disappointed.
Did the Fed's meeting and the oil rebound dominate markets last week? Alan Knuckman, chief options strategist at Bulls-Eye Options, disagrees, saying that "profit-taking" was behind the U.S. markets moves last week.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, compares the price of oil to "a bungee jump", referring to its volatility in price, saying that the problem is no knowing how many more "bounces" there are in oil until the price is stabilised.
Oil at $50 a barrel is not going to scare some producers, and investors should focus on companies with core acreage in good basins, said Mike Kelly.
Thomas L. Friedman, The New York Times, weighs in on the global impact of falling crude prices.
Former Shell President John Hofmeister, shares his thoughts on New York's fracking ban, and natural gas as a transportation fuel.
CNBC's Brian Sullivan reports on slowdowns and shutdowns as oil drillers and producers react to the drop in oil prices.
DAR ES SALAAM, Dec 19- Tanzania's gross domestic product has expanded by 32 percent after the state rebased its calculation to incorporate new sectors in the economy, including big discoveries of natural gas, officials said on Friday. Farming remains Tanzania's economic mainstay, while tourism, mining, communications and financial services are the other key...
*Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...
Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened cuts in 2015 spending, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...
Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened 2015 spending cuts, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...
CALGARY, Alberta, Dec 17- Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away...
Here's what bothers Ron Insana about the Fed's statement — its last of 2014.