Europe's Total, under pressure from shareholders to improve its cash flow and raise dividends, is looking to sell Blu-Tack maker Bostik.» Read More
Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.
With OPEC cutting production and a military incident between the U.S. and China, what's the oil trade, now?
Christophe de Margerie doesn't see a bounce back this year, saying 2010 is more likely.
This sector's working again, the Mad Money host says. Here's how you play it.
Ted Parrish runs the four-star rated Henssler Equity Fund, and he thinks it's time to buy stocks. He's inclined to prefer large-cap stocks, except in one area. "The only area that might be a little different is probably financials," Parrish told CNBC. "I think the regional banks, the smaller banks, are maybe in a better position at this point." (PART ONE)
Ted Parrish runs the four-star rated Henssler Equity Fund, and he thinks it's time to buy stocks. He's inclined to prefer large-cap stocks, except in one area. "The only area that might be a little different is probably financials," Parrish told CNBC. "I think the regional banks, the smaller banks, are maybe in a better position at this point." (PART TWO)
While the overall market is unlikely to stage a major turnaround any time soon, experts agree there are a handful of investments that are heating up and could help you recoup some gains.
Exxon Mobil, British Petroleum, Royal Dutch Shell and Total are reportedly near a deal with the Iraqi Oil Ministry that will grant the oil giants "no-bid" contracts for access to the country’s oil fields. This will mark the first time these firms have had commercial access to Iraq since the U.S. invasion in 2003.
A bout of risk aversion dented European stocks on Tuesday as jitters grew over potential credit-related problems at banks and inflation, while typically defensive stocks such as pharmaceuticals and food rallied.
This much is clear: European nation states are focusing on different ways of securing energy supplies for the long-term through a mix of politics and innovation.
Stocks declined as soaring oil prices triggered concerns about inflation and consumer spending.
Stocks performed a dizzying dance, sliding at the open, improving with economic reports and then doing a do-si-do with oil prices.
Stocks opened mixed Wednesday after a better-than-expected report on U.S. worker productivity. Oil hovered below $122 a barrel.
T. Rowe Price portfolio manager Charles Ober powers his fund with energy stocks, and the tactic appears to be working: Ober's New Era Fund is up 29.9 percent over the last five years. He's still bullish on the energy sector in 2008.
U.S. stocks managed a largely flat close Wednesday -- despite disappointing holiday retail news -- as the battered financial sector and energy companies gave a boost to the broader market.
Inflation took the spotlight as the newest fear to haunt investors, sending stocks down to end a volatile week that featured more credit worries and pervasive unease over the Fed's role in the market.
French oil major Total has trimmed its average annual hydrocarbon output growth target for 2006-2010, blaming the impact of rising oil prices on some of its production-sharing agreements and project delays.
Exxon Mobil has delayed work on the 71,600 barrel per day gasoline-making fluid catalytic cracking unit at its 188,160 barrel per day refinery in Chalmette, La., trade sources said on Tuesday.
A fire broke out Thursday at Chevron's largest U.S. refinery in Pascagoula, Miss., but authorities said there were no immediate reports of injuries.
Oil company Total said Thurdsay that second-quarter net profit was little changed as improved refinery margins failed to offset the weaker dollar.