Companies including Royal Dutch Shell, BP and Statoil have led moves to curtail capital spending on 26 major projects worldwide, according to the FT.» Read More
*Forties bid up to dated plus 20 cents. Forties was bid as high as dated plus 20 cents, up from a deal at dated minus 55 cents on Friday, while November Brent futures were trading at an 85- cent premium to December, up from as low as 68 cents on Wednesday. *Trafigura bid for an Oct. 23-25 Forties at dated plus 20 cents and Total bid Oct. 25-29 at the same level.
Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.
PTT's planned $1.9 billion takeover of Cove Energy, which would see it gain access to massive gas finds off the coast of east Africa, would put the company in an ideal position to supply demand in five years' time, Neil Atkinson, director for energy research at Datamonitor, told CNBC on Tuesday.
The Obama administration so far has stymied big oil’s efforts to move on the controversial Keystone XL pipeline, but the trade-off is a sure victory for Shell in the Alaskan Arctic.
The “Mad Money” host calls it a "classic bargain."
David Demers, founder and CEO of Westport Innovations, chats with Cramer.
Cramer makes the call on viewers' favorite stocks.
Take a look at some of Monday's midday movers:
Happy Friday! More than 180 of the S&P 500 companies are poised to post earnings next week—check out what analysts expect from the reports and how the sectors have performed this week.
Take a look at some of Thursday’s morning movers:
Here's what people are talking about tonight: Former Grateful Dead guitarist Bob Weir inks music streaming deal with Yahoo and Google's upcoming earnings.
Sharpen your pencils, it's Last Call quiz time.
Natural gas prices could fall dramatically because supply is so strong in the market that demand cannot keep up, according to Torsten Dennin, managing director at Natural Resources.
When President Obama was inaugurated, gas was selling for $1.90 a gallon, and it is now nearly $4.00. Mr. Obama says he needs four more years to change America—if reelected can we look forward to $8.00 a gallon?
The president of Shell Oil can't predict whether gasoline in the U.S. will rise to an average $5 a gallon, but he told CNBC the gas price is directly tied to the price of oil and "we’re going to have to see stability around the world to start to have an impact." That means the U.S. should be producing more of its own oil and gas.
Natural gas is already displacing coal in power generation, and there's more talk now that it could replace some gasoline in transportation.
For entrepreneurs venturing into the small business territory, launching a franchise can offer security through national brand recognition, economies of scale and access to proven formulas for success. A new report lists six franchise industries with promising outlooks.
CNBC's Sharon Epperson discusses the high price of gas, oil exploration in Alaska, and the future of natural gas, with Peter Voser, Royal Dutch Shell CEO. Also strategies for playing the oil space, with the Fast Money traders.
"There's nothing inevitable about it," one economist says about the widespread predictions about $5 gas. "To a large extent it depends on what happens in the Middle East."
A confluence of factors is fueling the quick rise in gasoline prices, not the least of which is the state of the U.S. refining industry.