NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.» Read More
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.
Millions in the Mid-Atlantic states face a third day without power, with CNBC's Hampton Pearson. And CNBC's Kate Kelly reports the Carlyle Group is acquiring a 330,000 barrel per day refinery from Sunoco.
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.
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.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
In one week, a EU-wide ban on Iranian oil goes into effect along with EU-wide ban on insuring any ship carrying Iranian oil, with John Hofmeister, Shell's former president & CEO.
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.
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.
Michael Bagley, president of corporate intelligence firm Jellyfish Operations, and security expert Jennifer Giroux discuss how companies can plan and react in hostile environments.
Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.
CNBC's Sharon Epperson breaks down the numbers on this week's oil inventories.
John Watson, Chevron chairman & CEO, says two big projects in Australia are expected to fuel the company's target of boosting production growth 20% by 2017.
Oil prices are nearly up 8% this year and Scott Burk, of Canaccord Genuity, says offshore drillers stand to benefit with daily rig rates going to $600,000 for premium rigs.
Debating whether President Obama should tap into the Strategic Petroleum Reserve, with Dan Weiss, Center for American Progress, and Jim Lucier, Capital Alpha Partners.
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.
Insight on how tensions with Iran are impacting oil markets, with Peter Beutel, CameronHanover.com; Boris Schlossberg, GFT; and Lou Grasso, Millennium Futures. "We certainly have a lot of political, a lot of military risk in the price of oil," says Beutel.
CNBC's Jackie Deangelis reports on Iran's threat to close the Strait of Hormuz.
It's a classic tortoise versus the hare scenario, says Mad Money's Cramer, comparing two pipeline companies. Long-term, Kinder Morgan Energy Partners is my favorite pipeline play, but Plains All American Pipeline is poised to outperform over the next year.
This week's mega-mergers have suddenly forced mid-sized players to reexamine their strategies.
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.