The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.» Read More
There are increasing worries that Nigerian oil production could fall even further at the end of the month if militants succeed with threatened attacks, planned to coincide with the handover of power from President Matthew Olusegun Aremu Obasanjo to his successor on May 29, sources and traders in the energy industry said Wednesday.
U.S. crude oil futures fell on Monday, but only after bouncing off early lows on news of aGulf Coast refinery snag and upcoming work.
U.S. crude oil futures fell more than a dollar as RBOB gasoline faltered after rising early, triggering profit taking in the crude oil market and the rest of the oil futures complex, according to traders and analysts.
Days after the Dow first crossed 13,000 the S&P closed above 1500, a level not seen in nearly 7 years. However, concerns are swelling that the market has reached its top. With a crucial jobs report looming, is it time to brace yourself for a pull back?
U.S. crude oil futures ended lower for the fourth consecutive session, as Nigerian militants freed several hostages taken from an Italian-operated oil field.
U.S. crude oil fell 2% on Tuesday on expectations of rising supplies and a rebound in refinery throughput ahead of summer driving season in the United States, the world's biggest market.
CNBC’s Trish Regan reports that major oil companies have transferred operational control of one of the world’s richest oil fields to Venezuelan President Hugo Chavez.
Stocks posted their fourth straight week of gains, pushing the Dow Jones Industrial Average to its third record close in row. The markets were boosted by better-than-expected corporate earnings, which managed to outweigh a weaker-than-expected estimate of first-quarter economic growth.
Chevron's first-quarter earnings rose on a one-time gain from the sale of a refinery, the No. 2 U.S. oil company said.
U.S. crude oil futures ended a choppy session lower as traders booked profits. Earlier in the day, prices jumped above $66 a barrel amid a flurry of refinery glitches. A string of refinery outages in the United States, coming on the heels of a long and extensive maintenance season, has drained gasoline stocks as the giant market gears up for driving season.
Robert Morris, oil and gas analyst at Banc of America Securities, told CNBC’s “Morning Call” that major oil companies such as Exxon-Mobil, Chevron and ConocoPhillips are still good investments.
Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two. With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.
Stocks prices are soft ahead of the open, following a slide in Europe and Asia on yesterday's comments from the Fed.
Forget the Middle East. There’s an oil cartel in the U.S. that’s controlling the market and taking advantage of consumers, one critic told CNBC’s Liz Claman on “Morning Call.”
The chief executive of Dow Chemical on Tuesday shot down speculation that the company is in talks with private equity for a leveraged buyout. “We are not in discussions with anyone in LBO,” Andrew Liveris told CNBC’s David Faber.
Oil has been unquestionably the most important macro-factor for the markets for the last half-decade. From Saudi Arabia to Wal-Mart, oil prices affect everyone. A warm winter can send heating oil prices tumbling, but an event in the Middle East can send crude skyrocketing.
ConocoPhillips said it expects first-quarter results to be hurt by lower crude oil prices and production compared with the fourth quarter, but projects stronger natural gas prices and improved margins in its refining business.
Actor Stephen Collins continues to make solid gains each day--and he's very consistent in adding $3,000 a day in Bonus Bucks (so that's why we put in his picture). His strategy is paying off as he builds his lead in "Trading With The Stars." Actor Ernie Hudson is making some buys and sells as is Hall of Famer Johnny Bench--who's still in 9th place, but at least he's staying out of the cellar..
Okay--time to look at who's "stock picking" star is shining among our show celebs competing in "Trading With The Stars. CNBC show producers are getting into the act with comments like "Now he's kicking butt" and "Go Tucker Go!" Here's why they're saying that.
Time to check in on our Trading With The Stars celebs and see where they stand. Overall their approach is a lot more conservative than the majority of our non-celeb leaders - more stable companies and purchases spread across multiple stocks, and it might end up being a race to see who can lose the least.