Brent held near $108 a barrel as a worsening crisis over Ukraine stoked supply disruption fears.» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
If 15 billion barrels of potentially crude oil can be found beneath the earth, California could become the nation's next oil frontier, reports CNBC's Jane Wells.
Next month will determine the eventual fate of the Falkland Islands—and the 1.4 billion barrels of oil so far discovered there. The resolution will come through a referendum among the islanders themselves. Argentina isn't happy about that.
CNBC's Bertha Coombs reports the latest numbers on oil and gas inventories.
Manufacturing in the U.S. could take off on "the cheapest energy in the world," BP Capital Founder T. Boone Pickens told CNBC.
The federal government believes the Monterey Shale, which lies under more than 1,750 square miles of central and southern California, has far more shale oil than anywhere else in the lower 48 states — nearly four times the amount of the Bakken Shale in North Dakota.
The U.S. economic recovery, already winded by higher payroll taxes and potential budget cuts, has a new challenge: rising gas prices.
Chesapeake Energy reported a quarterly profit that topped Wall Street views, helped in part by lower-than-expected expenses.
CNBC's Bertha Coombs reports the latest EIA Inventory Report numbers on natural gas supplies.
Boone Pickens, BP Capital founder, talks about the nation's dependence on foreign oil and how the U.S. can fuel domestic energy production.
Consumers are being clobbered by rocketing fuel costs. A look at what's causing sticker shock at the pump, with John Eichberger, National Association of Convenience Stores; and Boone Pickens, BP Capital founder.
With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.
T.Boone Pickens is working on a deal with Mayor Bloomberg to power some New York food trucks with natural gas.
Harry Tchilinguirian, head of commodity markets at BNP Paribas, says the sharp moves in oil prices have been motivated by mixed U.S. and euro zone data, adding not just oil but every other commmodities are impacted.
Oil and gas producer Linn Energy said it would buy Berry Petroleum in an all-stock deal valued at $4.3 billion including debt, giving it more exposure to lucrative liquids that will help it raise production by 30 percent.
The world's fifth-largest wind-turbine supplier, Suzlon Energy, expects India's budget next week to reinstate incentives aimed at encouraging businesses to invest in more wind power.
Gareth Penny, executive chairman of New World Resources, tells CNBC that they have seen coal prices reduce by thirty percent over the course of 2012 which has resulted in a loss for the business.
Both U.S. light, sweet crude and Brent crude oil prices settled, pressured by weak euro zone economic data and the possibility that the U.S. Federal Reserve might curb its economic stimulus measures.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Thursday.
Down 40% in a year, Cramer said this stock “has catalysts that could help it bounce back with a vengeance.”