U.S. crude oil futures rose more than $1 on Wednesday as government data showed an unexpected draw in stockpiles.» Read More
OPEC oil ministers are widely expected to hold oil output to nearly 30 million barrels daily after Iran announced it will increase its oil output, reports CNBC's Steve Sedgwick.
CNBC's Sharon Epperson reports oil closed above $96 per barrel, the highest price since the end of October. And TransCanda's key pipeline will be operational by January 3rd.
WTI crude oil futures surged to a one-month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months.
BP won a legal reprieve to avoid payments over losses not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing it extra costs.
A power blackout briefly darkened all of Venezuela's capital Monday night, and the government says other parts of the country also lost electricity.
U.S. oil futures rose to a four-week high on Tuesday, on expectations of the start up of a pipeline from Cushing.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil was up today, mostly due to manufacturing data and numbers out of China. OPEC nations meet in Vienna on Wednesday.
CNBC's Michelle Caruso-Cabrera takes a look at why deep-water drilling may provide Mexico with the greatest energy opportunities.
CNBC's Michelle Caruso-Cabrera reports on how Mexico's energy reforms will likely impact American investors.
Crude jumped by more than $1 a barrel on Monday in reaction to strong manufacturing data from both China and the United States.
To reach as much as 50 billion barrels of deep-water gulf oil, Mexico is considering a constitutional change to allow foreign investment.
The key issue for Mexico's oil reform isn't privatization, it's whether it will open the industry to international companies, says Dan Yergin.
OPEC will likely keep production targets unchanged this Wednesday to offset declining output mainly from Libya, strategists told CNBC.
BP is expecting a surge in compensation payments over the 2010 Deepwater Horizon disaster, after a slowdown that has lasted almost two months. The FT reports.
Greg Zuckerman, author of The Frackers, and Frank Holmes, CEO & chief investment officer at U.S. Global Investors, discuss the pros and cons of shale gas.
Facebook has something in common with Tesla. Here's what it is.
The IBA Hamburg in Germany unites 60 eco-friendly projects on the same site and showcases the world's first building getting its energy from...algae.
After the sharp drop in both gold and oil, you may be inclined to think both are buys. But they’re not.
If the weather outside is frightful, then this commodity is delightful.
Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.