Oil extended losses on Wednesday, reversing a four-session rally, after US crude inventories rose by 6.3 million barrels.» Read More
OTTAWA, Oct 1- Canada's House of Commons will vote on an opposition motion on Wednesday demanding that the government hold public consultations on the $15.1 billion bid by China's CNOOC Ltd to take over Canadian oil company Nexen Inc, the opposition New Democratic Party said on Monday.
*Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.
Oct 1- The premier of the oil-rich province of Alberta sees benefits in the proposed sale of Nexen Inc to a Chinese state-owned company, a local newspaper reported on Monday.
Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC said he wants to see a more meaningful change to China's energy pricing system.
The massive financing needs of China's two biggest trading partners — the U.S. and Europe — could leave Beijing spoiled for choice as it plans to spend $560 billion in foreign investments over the next five years.
With the hotly anticipated Facebook public listing in mind, the CNBC Analytics team looked into IPOs from 2000 to the present to see which ones have been the most and least successful.
China's fuel price hike in March, the biggest increase in 33 months, is still not enough to help Chinese refiners break even, said Scott Darling, Head of Oil & Gas Sector Research, Barclays Capital. He thinks another hike of around 3% is needed before the sector can reach profitability.
Take a look at some of Tuesday’s morning movers:
Energy deals may stay hot in 2012 as foreign companies cut U.S. deals to bolster their reserves and build new drilling skills.
Some companies haven't had the luxury to make acquisitions since the financial crisis and instead have been using ventures and business line fire sales to stabilize bleeding operations.
In an interview with Cramer, the executive responds to recent claims made against the nat gas industry.
With so many catalysts suggesting oil continues to march higher, the Fast traders reveal a slew of ways to position ahead of the move.
To learn more about the future of oil and natural gas in America, check out Cramer's interview with EOG Resources CEO Mark Papa.
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
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"All the trading on Egypt happened last week," says Ben Willis of Sunrise Securities.
And how the U.S. can break its dependence on foreign oil.
Plus, get calls on the chipmakers and more.
Luckily, Wall Street refuses to believe. That’s your chance.
After China made a $2.2 billion investment in US natural gas, the traders game the space and possible trades off this energy choice.