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Oil and Gas Storage

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  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face an unusual three-year limit on trading physical U.S. benchmark crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, the CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face three-year limits on trading benchmark U.S. crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.

  • COLUMN-Ruminating cattle and leaky gas pipelines: Kemp Thursday, 31 Jul 2014 | 12:22 PM ET

    LONDON, July 31- Supporters of natural gas promote it as a clean "bridge fuel" between the coal-and-oil dominated energy system of the present and the zero-emissions system of the future based on renewables and nuclear power. Shifting to gas is at the heart of the U.S. Environmental Protection Agency's proposed new rules for power plant emissions.

  • MOSCOW, July 31- Russia's second largest oil producer Lukoil said on Thursday it had agreed to sell 240 filling stations and six petroleum storage facilities in Ukraine to Austria's AMIC Energy Management GmbH to "optimise its asset structure".

  • Pickens: Natural gas prices are ready to rise Tuesday, 29 Apr 2014 | 1:23 PM ET
    Boone Pickens

    Nat gas prices are set to go higher, according to the chairman and CEO of energy-focused investment firm BP Capital.

  • Oil heads lower as Libya resolution appears near Wednesday, 2 Apr 2014 | 3:57 PM ET

    U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.

  • US oil boom takes punch out of Putin on crude Tuesday, 1 Apr 2014 | 12:00 PM ET

    The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.

  • Washington, tear down this (oil export) wall: API Monday, 23 Dec 2013 | 1:20 PM ET
    Work on a fracking site.

    The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.

  • Russia to cut Ukraine gas price by one-third Tuesday, 17 Dec 2013 | 10:37 AM ET
    Gas control valves on pipework bringing gas from Russia in Kiev, Ukraine.

    To help avert a financial crisis, Russian President Vladimir Putin announced Russia's gas supply prices to Ukraine will be cut by one-third.

  • Rising fortunes of Asia's energy sector  Monday, 28 Oct 2013 | 8:20 PM ET

    Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.

  • Coast Guard Responds to Leaking Well in Gulf Tuesday, 9 Jul 2013 | 7:22 PM ET

    The US Coast Guard on Tuesday said it was responding to a leak from a natural gas and crude oil platform owned by Energy Resources Technology Gulf of Mexico LLC.

  • Road Trip! Summer May Bring Cheaper Gas Prices Wednesday, 10 Apr 2013 | 7:09 PM ET

    Gas prices are expected to slide this summer, delivering some relief to consumers. How low they go depends on where you live.

  • GE to Buy Oil & Gas Giant Lufkin for $3.38 Billion Monday, 8 Apr 2013 | 8:45 AM ET

    General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.

  • Pipeline Spills Stir New Criticism of Keystone Plan Wednesday, 3 Apr 2013 | 7:20 AM ET
    A weld inspector during construction of the Gulf Coast pipeline in Prague, Okla.

    Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.

  • Rosneft Becomes World's Largest Oil Producer  Thursday, 21 Mar 2013 | 2:15 PM ET

    Russian state oil giant Rosneft closed today worth around $55 billion to take over TNK-BP and become the world's largest listed oil producer by output, with CNBC's Sharon Epperson.

  • Chinese Firm Looks to Tap US Natural Gas Market Thursday, 14 Mar 2013 | 12:26 PM ET

    One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.

  • Crude Climbs, but Traders Cast Doubt on Rally Tuesday, 12 Mar 2013 | 3:03 PM ET

    Although oil hit its highest level in nearly two weeks on Tuesday, some professional traders don't think it will last.

  • ConocoPhillips is banking on shale as investors are banking on a growing company and a growing dividend, with Ryan Lance, ConocoPhillips Chairman & CEO and CNBC's Maria Bartiromo.

  • Venezuela Mourns Hugo Chavez  Wednesday, 6 Mar 2013 | 2:25 PM ET

    Venezuela is in mourning for its late president Hugo Chavez. With Chavez's passing, there is a lot of uncertainty about the future of Venezuela's massive oil supply, reports CNBC's Bertha Coombs. Risa Grais-Targow, Eurasia Group, weighs in.