NEW YORK, May 28- A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S. official said. On Thursday, the Energy Information Administration's Weekly Petroleum Status Report showed field production of crude oil rose by 304,000...» Read More
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.
An call spread options play on oil refiner, Tesoro, with Brian Stutland, Stutland Equities.
Tough talk from Tehran this week sent crude oil prices higher, but what does a cost-benefit perspective suggest?
A couple of “Fast Money” pros largely brushed aside concerns about Iran’s effect on crude oil prices Tuesday, focusing instead on decreasing demand as the stronger factor in the commodities market.
Among the gainers in the energy sector Friday, Valero also stood out as a solid play looking ahead, said Oppenheimer energy analyst Fadel Gheit.
Chris Danely, JPMorgan with the trade on the tablet wars. Also, the update on a court decision that could deliver a major blow to Rambus.
Rich Ilczyszyn, independent commodities trader, has the bullish play on oil's rally, and the Fast Money traders take a look at the nuclear bidding war for uranium developer, Hathor Exploration.
This week's mega-mergers have suddenly forced mid-sized players to reexamine their strategies.
Paul Sankey, Deutsche Bank lead oil analyst with the play on oil refiner stocks, and the trade on metals, especially aluminum, which is cheap relative to other base metals, says Dan Dicker, Mercbloc president.
CNBC's Bertha Coombs reports on the oil industry from Larose, Louisiana, where the promise of paying jobs is fueling the call for expanded drilling.
The World Health Organization recently released a report on air quality in countries around the globe, on which we based a list of the ten most polluted countries.
Money is flowing back into crude oil with futures near ninety dollars a barrel. Dan Dicker, MercBloc, LLC weighs in on what it means for refiners and how to trade it.
The "Fast Money" traders discuss possible ways to trade this massive storm.
The hurricane is posing a threat to the eight oil refineries on the East Coast, with Charles Drevna, National Petrochemical and Refiners Association.
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
The “old” politics of Opec, which split the cartel and marred its influence in the oil market of the 1990s, have made an unexpected return after a decade-long absence. The FT reports.
Saudi Arabia has been quietly increasing its crude oil production ahead of Wednesday’s meeting of the Opec oil cartel, in a sign that Riyadh is trying to bring oil prices down to more comfortable levels for consumers in the US, Europe and China. The FT reports.