TRIPOLI, Jan 26- Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripoli told Reuters. Its oil minister, Mashallah Zwai, told Reuters in an interview that Libya is producing 362,780 bpd of oil, showing a...» Read More
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.
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.
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.
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.
Libya may only be the world’s 17th largest producer, but its oil is of a quality and grade that makes it invaluable to the larger market, says blogger John Kilduff.
CNBC's Bertha Coombs reports on today's dramatic drop in oil prices and its impact on the markets; Joe Terranova, Virtus Investment Partners weighs in on the SPR release of oil reserves; and the Fast Money traders with trades to make today.
The “Mad Money” host talks about who is up on the news of lower oil prices.
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.
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.
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.
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.
Finding Qatar on a map may be as difficult as learning how to pronounce the country's name. But analysts say that shouldn't stop investors from targeting the small desert nation—as long as they understand the business culture .