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Oil and Gas Storage

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  • 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
    Rosneft Becomes World's Largest Oil Producer

    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 CEO: 'Dividend Underpins Our Performance'

    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 Mourns Hugo Chavez

    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.

  • Hess to Exit Retail to Focus on Oil, Gas Exploration Monday, 4 Mar 2013 | 10:26 AM ET

    Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.

  • California: Next Oil Frontier?   Thursday, 21 Feb 2013 | 2:45 PM ET
    California: Next Oil Frontier?

    The latest hunt for black gold is happening in California, with CNBC's Jane Wells.

  • Why Low 2013 Gas Prices Will Soon Evaporate Saturday, 5 Jan 2013 | 9:43 AM ET

    Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.

  • Natural Gas Inventory Down 73 BCF   Thursday, 6 Dec 2012 | 10:27 AM ET
    Natural Gas Inventory Down 73 BCF

    CNBC's Sharon Epperson breaks down the latest data from the EIA Inventory Report.

  • How Shareholders Are Squeezing the Fracking Industry Thursday, 15 Nov 2012 | 3:26 PM ET
    Natural Gas' Silver Lining...For Some

    Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.

  • New Jersey's Port Newark Opens   Monday, 5 Nov 2012 | 8:24 AM ET
    New Jersey's Port Newark Opens

    CNBC's Jackie DeAngelis reports the latest details on recovery progress in New Jersey, as the Garden State continues to implement a gas rationing system in 12 counties.

  • Unlocking Gas Gridlock in Garden State   Monday, 5 Nov 2012 | 8:16 AM ET
    Unlocking Gas Gridlock in Garden State

    CNBC's Kate Kelly reports on restoring the fuel supply in New Jersey; and John Eichberger, National Association of Convenience Stores, discusses the drop in oil prices, as tempers flare on long lines at gas pumps.

  • Sandy Leaves NY & NJ Area in Fuel Chokehold   Monday, 5 Nov 2012 | 6:04 AM ET
    Sandy Leaves NY & NJ Area in Fuel Chokehold

    CNBC's Kate Kelly reports storage facilities that gather and distribute gasoline and jet fuels are handicapped by flooding and power shortages.

  • Alleviating the Gas Shortage   Friday, 2 Nov 2012 | 9:17 AM ET
    Alleviating the Gas Shortage

    When will relief come to those impacted by the aftermath of Hurricane Sandy? CNBC's Kate Kelly reports the outlook.

  • Hurricane Sandy Causes 'Gasmageddon'   Thursday, 1 Nov 2012 | 10:43 AM ET
    Hurricane Sandy Causes 'Gasmageddon'

    CNBC's Mary Thompson reports diminishing fuel supplies are causing gas lines to grow at the pump. And CNBC's Kate Kelly reports how a lack of terminals is choking off gas supplies to the New York City area.

  • Following the Gasoline Supply Chain   Thursday, 1 Nov 2012 | 6:48 AM ET
    Following the Gasoline Supply Chain

    CNBC's Kate Kelly reports on potential problems facing storage facilities that gather and distribute gasoline and jet fuel to the New York City region.

  • Plunging Oil Prices Are Big Boost for US Drivers

    Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.