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Oil and Gas Refining

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  • Opec Breakdown Points to Power Shift in Cartel Wednesday, 8 Jun 2011 | 10:35 PM ET

    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.

  • Saudis Raise Oil Production to Curb Prices Monday, 6 Jun 2011 | 9:11 PM ET

    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.

  • Gas at $3.50/Gallon or Lower by July 4: Gulf CEO Thursday, 2 Jun 2011 | 12:32 PM ET

    The price at the gas pump will fall from the current $3.80 per gallon national average to $3.50 or lower by July 4, Gulf Oil Chief Executive Joe Petrowski told CNBC Thursday.

  • Flooding Impact on Oil Refiners     Monday, 16 May 2011 | 11:15 AM ET

    Insight on what flooding means for oil and refiners, with Pavel Molchanov, Raymond James, and Jeff Grossman, BRG Brokerage.

  • Oil Barrels

    The commodities market witnessed a volatile five days last week with silver a major loser. Some analysts were predicting the losses for silver would lead losses in other commodities like oil, which saw the WTI contract drop below $100 a barrel.

  • Refinery Squeeze     Tuesday, 3 May 2011 | 4:24 PM ET

    CNBC's Jane Wells with a look at the unusually low gasoline inventories and what it means for prices at the pump during the summer driving season.

  • Oil Risk Premium Will End: Analyst Tuesday, 3 May 2011 | 2:50 AM ET
    Oil Barrels

    Oil prices are heading back towards the $80 - $100 a barrel sweet spot which will boost oil stocks and take pressure off the global economy, according to Jens Zimmermann, a senior equity analyst at ABN AMRO Private Banking in Zurich.

  • World Bank Chief: Citizens Need Voice in Arab World Thursday, 7 Apr 2011 | 12:41 AM ET
    BENGHAZI, LIBYA - FEBRUARY 25: Libyans protest demanding the removal of Libyan leader Muammar Gaddafi following Friday prayers on February 25, 2011 in Benghazi, Libya. Benghazi residents mourned more victims of the violence as fighting continued around the capitol Tripoli.

    Middle East governments moving away from dictatorship must deliver quick wins through job creation to meet immediate hopes of street protesters but longer-term reforms need to ensure a more inclusive society, the head of the World Bank said on Wednesday.

  • Libyan Rebels Set for First Oil Exports Monday, 4 Apr 2011 | 11:33 PM ET
    A rebel militiaman stands guard at a Libyan oil refinery in rebel-held territory on February 27, 2011 in Al Brega, Libya. The opposition leadership has stressed that oil faciities in areas under its control are safe, despite the conflict roiling the country.

    Libyan rebels are set for their first oil export as soon as Tuesday as they seek funding to sustain their uprising against Muammer Gaddafi's 41-year rule of the north African nation, the Financial Times reports.

  • Before President Obama leaves for Rio, he'll be reading a letter signed by 20 Governors calling on the President for more energy options.

  • Now's the Time to Put Money in Russia: Strategist Thursday, 17 Mar 2011 | 5:23 AM ET
    Residential homes sit in front of the coal fueled Ferrybridge power station as it generates electricity in Ferrybridge, United Kingdom.

    As governments around the world rethink nuclear power, with fears rife about leaking radiation at Japan’s earthquake-damaged plants, Steen Jacobsen, chief investment officer at Saxo Bank, recommends investors focus on Russia to benefit from its energy potential.

  • Ferrybridge power station

    While oil – and just about everything else but Treasuries -- sold off today in the wake of the Japanese nuclear crisis, oil prices may be poised to surge as demand for 'alternative' energy sources to replace lost nuclear power in Japan ramp up.

  • Chevron Sets Sights on Natural Gas: CEO Monday, 14 Mar 2011 | 6:32 PM ET

    The country’s second largest energy company, Chevron, will increase its natural gas investment this year and cut back on selling fuel globally, John Watson, chairman and CEO, told CNBC Monday.

  • Shares in Tokyo dropped following the deadly March 11 earthquake and tsunami

    Jittery traders sold pretty much everything Monday as the tragedy in Japan roiled global markets, but longer-term investors were looking at the move as a natural pullback likely to create opportunities.

  • What Currencies Will Benefit From High Oil Prices? Monday, 14 Mar 2011 | 1:36 AM ET
    Dollars and Yen

    Oil prices are driven by a supply shock rather than increased demand due to a stronger world economy, so investors in currencies look to "risk" rather than "macro" factors, David Bloom, global head of foreign exchange research at HSBC, wrote in a market note.

  • Tensions Running High in Saudi Arabia Friday, 11 Mar 2011 | 9:06 AM ET

    Tensions are high in Saudi Arabia in expectations of protests akin to the ones that have swept across the Arab World. CNBC's Yousef Gamal El-Din reports.

  • Reports of police firing on protestors in the Saudi Arabian city of Qatif evoke a possible nightmare scenario for the disruption of oil from a country that sits atop the world's largest proven oil reserves.

  • The unrest in the Middle East is coming in waves. The tidal wave it has created at the pump is taking a big bite out of consumers wallets. We hear about our nation's untapped oil reserves but with the "no new wells" policy there is no hope it can be explored.