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Stocks retreated after an early pop Monday as the early market buzz was all about deals and deal makers.
Exxon Mobil, Royal Dutch Shell and BP are expected to report bumper first-quarter profits next week, thanks to record crude prices, but $110 per barrel oil will also squeeze refining profits and delay a return to oil production growth.
Singapore state investor Temasek Holdings has set up an oil exploration subsidiary to help diversify its financials-heavy portfolio, entering a sector crowded with expanding national oil companies and majors.
Are hedge funds and investment banks unfairly driving up fuel costs for families in the U.S. -- or are soaring energy prices the result of a strong global economy and a free financial system? Industry officials are debating the question -- and will present their arguments to CNBC on Thursday.
Oil majors can't get ahead of production declines despite spending on unconventional sources, an energy sector investment banker says.
The concept of "peak oil" could be thrown out the window if vast offshore and unconventional sources can be developed. Two experts weigh in on the subject.
A day after the Federal Reserve cut interest rates another three-quarters of a point, CEOs joined Squawk Box to share their outlook on the economy and markets.
Royal Dutch Shell said its oil and gas reserves held stable in 2007 despite expectations of a drop, but added its growing focus on unconventional projects would limit growth until after 2010.
U.S. crude oil futures extended a rally Friday afternoon to above $91 amid supply concerns raised by Exxon Mobil's dispute with Venezuela.
Oil group BP stepped up the pace of its turnaround on Tuesday, outlining a plan to slash its workforce by 15 percent, cut over $1 billion in costs and adopt a more generous dividend policy, boosting its shares despite a big drop in profits.
What’s the energy trade ahead of Friday earnings from Exxon Mobil and Chevron?
Oil giant Royal Dutch Shell posted record European company earnings of $27.6 billion in 2007, but fourth-quarter profit missed forecasts as a fall in production dampened the benefit of high oil prices.
Royal Dutch Shell execs have been talking about the impact of high oil prices on future energy projects--but the company continues to press on with plans despite headwinds facing the sector. “Increasing supply is best way to affect the price,” says Shell Oil President John Hofmeister.
Royal Dutch Shell's oil sands upgrading plant near Edmonton, Alberta, caught fire late on Monday and the company said it was taking units off line after crews extinguished the blaze.
Royal Dutch Shell reported an 8 percent drop in third-quarter profit as oil and gas production and refining margins fell, but the underlying result beat all forecasts.
Kazakh lawmakers passed a bill Wednesday allowing the government to unilaterally break contracts with foreign companies, potentially threatening an Italian-led consortium developing a giant oilfield.
Kuwait wants to drop Royal Dutch Shell as a partner and is instead considering BP in a project to build a $5 billion oil refinery in Guangdong in China, Kuwait's state news agency KUNA reported on Tuesday.
Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.
Shares in HSBC Holdings were untroubled on Friday after a surprise late-night assault from activist investor Knight Vinke, as analysts said Europe's biggest bank was already working to address shareholder worries.