Oil and Gas Refining


  • Saudis Offer Extra Oil to Control Prices Tuesday, 18 Sep 2012 | 7:53 PM ET

    Saudi Arabia has offered its main customers in the US, Europe and Asia extra oil supplies through the end of the year, a sign the world’s largest exporter is worried about the impact of rising prices on the global economy.  The FT reports.

  • US Accuses BP of Gross Negligence in Gulf Tuesday, 4 Sep 2012 | 11:27 PM ET
    BP sign

    The US Department of Justice intends to prove at trial that gross negligence or willful misconduct by BP caused the 2010 Deepwater Horizon disaster in the Gulf of Mexico, government lawyers have said, in the clearest statement yet that they are seeking the maximum possible penalties from the British oil group. The FT reports.

  • Issac's Impact on Fuel Production     Wednesday, 29 Aug 2012 | 11:34 AM ET

    CNBC's Brian Shactman reports on how the shutdown of nearly all oil production in the Gulf is impacting oil prices.

  • Isaac Halts 93% of Gulf Oil Production     Wednesday, 29 Aug 2012 | 10:34 AM ET

    A look at how most of the Gulf's major oil installations have fared since Hurricane Isaac swept through, with CNBC's Brian Shactman.

  • Stormy Outlook For Oil     Wednesday, 29 Aug 2012 | 8:06 AM ET

    A look at how fallout from Isaac; conflict in Iran; and a fire at Venezuela's largest refinery is impacting energy prices, with Dan Yergin, IHS vice chairman.

  • Isaac Making Waves in Port Fourchon     Wednesday, 29 Aug 2012 | 7:31 AM ET

    Reports indicate many oil production facilities were spared from damage from Hurricane Isaac, but John Hofmeister, Citizens for Affordable Energy founder & CEO, explains why Port Fourchon is still very vulnerable.

  • Political Debate Over US Energy Policy     Tuesday, 28 Aug 2012 | 4:17 PM ET

    The Romney camp just released its energy plan, which gives individual states greater control over their energy wealth. Dan Weiss, Center for American Progress, and Sterling Burnett, National Center for Policy Analysis, discuss.

  • 93% of All Oil Production in Gulf is Offline     Tuesday, 28 Aug 2012 | 4:15 PM ET

    CNBC's Brian Shactman reports on oil and gas productions shutting down ahead of Hurricane Isaac, and Valero shutting down 2 refineries.

  • Refineries Feeling Isaac's Impact     Tuesday, 28 Aug 2012 | 11:47 AM ET

    CNBC's Brian Shactman takes a look at how the storm will impact the oil and gas industry, with Bill Day, Valero Energy executive director media relations.

  • Isaac's Impact on Offshore Production     Tuesday, 28 Aug 2012 | 6:32 AM ET

    CNBC's Brian Shactman explains how the storm will impact gas futures and energy prices.

  • ‘No Miracles’ For Russia From Entry Into WTO Wednesday, 22 Aug 2012 | 10:17 AM ET

    Russia’s entry into the World Trade Organisation (WTO) is good news but investors shouldn’t expect miracles straight away, Murat Ulgen, chief economist for Central & Eastern Europe and Sub-Saharan Africa at HSBC, told CNBC.

  • Ignore Oil Prices, Buy Exxon Regardless: Pros Monday, 20 Aug 2012 | 12:22 PM ET
    An oil drilling rig in the Junin 10 field in the Orinoco Oil Belt, in Anzoategui, Venezuela on January 24, 2012.

    Energy investors remain bullish on ExxonMobil, even though the outlook for oil prices remain uncertain, two analysts told CNBC.

  • Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC said he wants to see a more meaningful change to China's energy pricing system.

  • Energy: Poised for a Rebound?     Monday, 2 Jul 2012 | 1:04 PM ET

    Energy is the worst performing sector so far this year, but can it get recharged in the third quarter? Carl Larry, Oil Outlooks and Opinions president, weighs in. Matthew Cheslock, Virtu Financial, also weighs in on the best plays in energy right now.

  • Oil tanker

    Of  all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020.  Factors like  the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.

  • Keystone XL Looking Like Pipeline to Nowhere Thursday, 28 Jun 2012 | 11:44 AM ET
    Alberta Oil Sands

    Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.

  • OPEC Market Share To Hold Steady: Forecast Wednesday, 27 Jun 2012 | 3:42 PM ET
    off shore oil rig

    The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.

  • Big Users Bet on More Oil Price Falls Monday, 25 Jun 2012 | 11:11 PM ET

    Airlines, trucking companies and other big energy consumers are betting on further oil price falls, with many reluctant to lock in at current levels amid fears prices could plunge if the global economy weakens further. The FT reports.

  • A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.

  • Are Oil Exports Russia's Curse as Well as Its Blessing? Thursday, 21 Jun 2012 | 3:17 AM ET

    Russia's prospects are brighter than those of many other economies, despite fears that the return of Vladimir Putin to the presidency will slow the pace of structural reforms and falling oil prices could hurt its budget.