Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little gasoline sales.
The Dow and S&P 500 climbed higher on Wednesday after an unexpectedly strong report on the job market offset a surge in oil prices.
Oil rose more than $4 a barrel on Wednesday after U.S. government data showed an unexpected drop in gasoline stocks...
First, Merrill Lynch has put a price on CDOs and sold them. Yes, it's $0.22 on the dollar, but at least it is a price, and that is what the Street is looking for. Second, the Conference Board consumer confidence index was up, particularly the futures expectation component was up, off the record lows, which dovetails with the uptick in University of Michigan confidence numbers.
The world's five largest fully publicly traded oil companies are expected to, yet again, report record profits next week, thanks to high oil prices, even as investors fret over the recent pullback in crude.
After years of false starts, a new industry selling motor fuel made from waste is getting a big push in the United States, with the first commercial sales possible within months.
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
Jeffery Saut at Raymond James and Allan Nichols at Morningstar shared their insights on why you want dividend stocks -- and which ones to buy.
If war in Iraq was largely over oil, as former Federal Reserve chairman Alan Greenspan essentially admitted, Western oil companies might have done better had they convinced the Bush Administration not to do them any favors.
Legendary oilman Boone Pickens joined CNBC to share his energy-market insights. The billionaire investor and CEO of BP Capital answers viewer questions.
Raided by security services, its board paralyzed, key technical experts barred from working and deluged with court cases and labor inspections, TNK-BP is a struggling $38 billion oil company.
Oil producing countries need to remove barriers to investment to ensure global oil markets are well supplied, but they are unlikely to do so as long as prices remain high, Exxon Mobil's CEO said Tuesday.
Ever notice the mania that follows each Wednesday’s report? Here’s how you capitalize on it.
The record run-up in oil prices over recent years is igniting fierce debate over the "peak oil" theory — that once the maximum rate of global production is reached, a steep decline ensues. Here we present two squarely opposed viewpoints on the issues from rivals who have been sparring for years.
With growing talk about peak oil — when the globe’s petroleum reserves begin an inexorable decline — exploration companies are increasingly turning high-tech to delay this eventuality. There's been stunning advances in the industry's ability to visualize what lies deep underground and to extract more of what's down there.
The future of this renewable energy source is bright, especially since it's expected to be cost-competitive within five years. And the US is well-positioned to benefit.
Exxon Mobil, British Petroleum, Royal Dutch Shell and Total are reportedly near a deal with the Iraqi Oil Ministry that will grant the oil giants "no-bid" contracts for access to the country’s oil fields. This will mark the first time these firms have had commercial access to Iraq since the U.S. invasion in 2003.
The seemingly endless surge in energy prices is lightening wallets at gas stations, but it's also a potential bonanza for investors.
The State Administration of Foreign Exchange, an arm of China's central bank, has agreed to invest more than $2.5 billion in the latest fund being set up by U.S. private equity firm TPG Capital, the Financial Times reported on Wednesday.
This much is clear: European nation states are focusing on different ways of securing energy supplies for the long-term through a mix of politics and innovation.