That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.» Read More
Paul Sankey, Deutsche Bank, says there will be an oversupply of WTI crude by the middle of 2014. Going forward Sankey likes refining stocks.
Options traders spotted high call volume in 3 refiners today: Phillips 66, Tesoro and Valero. Analyzing the action, with CNBC contributor Mike Khouw of Dash Financial Group.
Meryl Witmer, Eagle Capital Partners, reveals what she's learned from Wall Street legends. They all seem to have one thing in common, she says, they're "confident but humble" and are willing to change their minds.
Pavel Molchanov, Raymond James energy analyst, provides his views on where energy prices are likely headed with issues in Syria escalating.
The U.S. is now the largest exporter of petroleum products. CNBC's Jackie DeAngelis reports on the growing demand for refined energy.
CNBC's Jackie DeAngelis takes a look at American companies looking to cash in on increased demand for refined products.
Jason Gammel, head of European oil and gas research at Macquarie Securities, says Exxon results will be below expectations as the company's oil production fails to grow.
CNBC's Bertha Coombs is joined by Tom Reilly, SCS Commodities to discuss WTI's resurgence which is driving oil prices higher.
Oil prices should be about half of today's $105 a barrel by the end of the year, but that doesn't translate to $2 a gallon gas prices, Gulf Oil CEO Joe Petrowski tells CNBC.
Valero says surging crude is hitting the company's margins, and the FMHR traders debate how to trade refiners. Betsy Graseck, Morgan Stanley, provides insight on impressive bank earnings. "Rising home prices will be a tail wind to large cap banks" says Graseck.
Andy Lipow, president of Lipow Oil Associates, talks about the huge drop in inventories. "World oil demand is growing," he said, and he expects sticker shock for consumers.
The average price of gasoline in the United States dipped over the past two weeks thanks to large falls in Midwestern states, a survey issued on Sunday showed.
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force less advanced competitors in developed countries to close, the West's energy agency said on Wednesday.
Drivers in the Midwest have been hit with a big gas pump shock, reports CNBC's Sue Herera.
Louisiana's "Refinery Row" is getting ready for this year's hurricane season, reports CNBC's Scott Cohn.
Faisel Khan, senior analyst at Citi, offers insight on big oil names.
If oil keeps dropping, will refiners go with it? Philip Weiss, Argus Research, provides perspective.
Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
In the options market, big money can be made pretty quickly. For one trader, it only took a day. Here's how he did it.