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Former Shell Oil company executive John Hofmeister told CNBC Monday that the Gulf of Mexico drilling moratorium is an example of the “starvation,” imposed on the hydrocarbon industry by the Obama administration.
Stocks closed mixed Thursday after shaving deeper losses from earlier in the day in the last half hour of trading as investors considered a mixed batch of earnings and the Fed's next steps to stimulate the economy. 3M and Caterpillar fell, while Pfizer and Walt Disney rose.
Stocks trimmed earlier losses in the last half hour of trading Thursday as investors considered a mixed batch of earnings and the Fed's next steps to stimulate the economy. 3M and Caterpillar fell, while AmEx and Pfizer rose.
Stocks extended losses amid continued worries over the Fed Reserve's plans to stimulate the economy and a somewhat mixed batch of corporate earnings on Thursday. 3M and Caterpillar fell, while AmEx rose.
U.S. stock index futures edged higher ahead of the open Thursday after a report that jobless claims fell to a three-month low, and in the wake of a mixed close in the previous session on worries over the Federal Reserve's next move on quantitative easing from its policy meeting next week.
Lacking any big surprises, the markets may seem to be on cruise control in the coming week, as investors await the U.S. mid-term election and the Fed's November meeting.
Oil has stopped spewing into the Gulf of Mexico, but BP remains unusually vulnerable to the prospect of U.S. gas stations defecting to other brands.
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Fossil fuels will continue to be a vital component of the world's energy mix for many years, and natural gas will increasingly play a more prominent role, according to global energy leaders speaking today at the World Energy Congress in Montreal.
Following is a timeline of the Gulf of Mexico oil spill and its impact:
Stocks ended lower for a second day Thursday, led by tech and consumer shares, after some disappointing outlooks. Financial and materials rose slightly.
Stocks shaved some of their earlier losses as financials gained. Sony and BP shares rose.
Weekly jobless claims will again be a big event for Thursday's markets, and economists think the number will not really show any improvement.
The federal government is calling into port some of the boats involved in the BP oil spill cleanup amid storm predictions in the Gulf of Mexico.
A confidential survey of workers on the Deepwater Horizon before the oil rig exploded showed that many of them feared reprisals if they reported mistakes or other problems. The NYT reports.
As BP moves closer to permanently containing the Gulf oil spill, four major oil companies are moving to ensure there's a rapid response system in place, in the event of a future deep-sea well blowout in the Gulf of Mexico.
It’s no secret that bond funds are where the action has been over the past year, with most new fund money going their way. What is a secret—or at least something that never gets discussed—is the cost of investing in bond funds.
In a CNBC Exclusive, Marvin Odum, President of Shell Oil Americas and Shell Oil Upstream Americas Director told Maria Bartiromo that Shell may be interested in some BP assets if the British oil giant is considering a sale of its assets.
Today and tomorrow, Maria Bartiromo will host CNBC’s Closing Bell live from Aspen Ideas Festival. Over the last 50 years, this gathering has become the place for global leaders to come and gather at the one of the world's most beautiful spots to discuss the most innovative ideas and the most pressing issues.
More than two months after the Deepwater Horizon sank, it is now clear the energy industry doesn't know exactly how to stop a blowout in deepwater or how to clean up a massive spill.