HOUSTON, May 22- Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. A leak of 100,000 barrels of crude off Santa Barbara in 1969 led to bans on new leases for offshore...» Read More
Delta Air Lines spacer is in advanced talks to purchase an East Coast oil refinery for more than $100 million, according to people familiar with the matter.
Carl Icahn, Icahn Enterprises chairman, discusses his tender offer for CVR Energy, and now holds 69% of the company's shares. Icahn also weighs in on whether Amylin Pharma should be sold, and reveals his thoughts on RIMM, with the Fast Money traders.
Is oil a buy or sell right now? Darren Wolfberg, BNP Paribas director of energy trading, says he is staying bullish on oil for the long-term.
The Strategic Petroleum Reserve could still be used to adjust the price of oil, says John Hofmeister, former Shell Oil president/CEO of U.S. operations, who says the SPR is supposed to be a strategic reserve for national security reasons.
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The U.S. can be energy independent in fewer than 10 years if it keeps developing domestic oil and shale gas fields, a TransCanada official told CNBC Tuesday.
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.
Crude oil on Tuesday posted its biggest two-day price drop in six weeks, leading noted investor Dennis Gartman to forecast a six-month trend ahead.
Drivers aren't the only group growing concerned as gas prices tick upwards. Most retailers and consumer discretionary businesses consider $4 gasoline the tipping point, where consumers begin to pull back on their discretionary spending. A look at how the retail sector has held up during recent gasoline price spikes.
Lowering oil prices will require a long-term approach to exploration and production, though tapping domestic reserves is not out of the question, Treasury Secretary Timothy Geithner told CNBC.
EOG Resources is one of Cramer's faves, and EOG Chairman & CEO Mark Papa explains why his company is worth the investment.
A large fire broke out at the BP Cherry Point oil refinery in northwestern Washington State. It is the largest oil refinery in the state and the fourth largest on the West Coast. The refinery can produce up to 230,000 barrels of fuel a day and has more than 700 full-time employees. The cause of the fire is unknown. A BP official tells the NBC affiliate in Seattle, KING-TV, that no one was injured.
The latest inflation data shows rising gasoline prices could start to pinch consumers and steal away any savings from the just-approved extension of the payroll tax cut.
Rising gasoline prices could bite into any savings from the expected extension of the payroll tax cut, but for now the higher costs could be somewhat offset by lower winter heating bills.
Legendary investor, explains why he is calling for the sale of CVR Energy. Icahn has a 14.5% stake in CVI. The Fast Money crew with the play on the sale, and options activity.
The chief executive of Gulf Oil sees gasoline approaching $4 a gallon this summer despite declining demand as more refineries close and tensions heat up in the Middle East.
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.
East coast consumers could see the return of $4 gasoline before the rest of the country, as another key refinery serving the region plans to shut down.