Brent crude futures turned lower after Russia said top diplomats have agreed to take immediate steps toward calming tensions in Ukraine.» Read More
What does the death of Venezuelan President Hugo Chavez mean for crude oil prices? Traders weigh in.
Bob Dudley, BP CEO, speaks to CNBC's Sharon Epperson, about whether the death of Venezuelan President Hugo Chavez will impact oil supplies; the potential of future oil development in Russia; the Deepwater Horizon oil spill; and the outlook on U.S. energy independence, live from the IHS CERAWeek conference in Houston.
CNBC's Bertha Coombs breaks down the latest data from the EIA Inventory Report on oil supplies.
Brent crude and U.S. oil settled lower after U.S. government data showed domestic crude inventories rose much more than forecast.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Wednesday.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.
When the Dow last set a record high in late 2007, the U.S. was worried about waning oil supplies and was producing about 40 percent less oil than now. But a technological breakthrough—the joining of hydraulic fracturing technology and horizontal drilling—has led to an energy revival.
The shift toward low carbon energy will take time and require a major change in the electricity industry, a study released by IHS CERA and the World Economic Forum says.
Brent oil gained, bucking a five-day losing streak, boosted by North Sea supply disruptions, optimism on Chinese oil demand, and a rise in U.S. equities.
It may not be fast enough for some consumers, but the drop in pump prices is accelerating. Analysts said the gasoline price slide could continue.
Oil prices could continue to feel pressure, if the global economy turns out to be weaker than expected and oil production continues to grow in places like the U.S., Brazil and Iraq, according to James Burkhard, vice president and head of oil market research at IHS.
The sources of transformation and its impact on our energy world will be the focus this week as more than 2,200 participants from more than 50 countries convene in Houston for the 32nd IHS CERAWeek energy conference.
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching Tuesday.
CNBC's Bertha Coombs reports weak demand for oil and gasoline drove the price below $90/barrel before it closed slightly higher, as China moved to cool off its housing market and the U.S. dealt with the sequester. It was a quiet day in the metals markets, as gold moved up only pennies on the day.
The study, funded by Alfred P. Sloan Foundation, showed a cumulative 44 trillion cubic feet of recoverable reserves from Barnett, with production declining through the year 2030. T
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.
The oil and natural gas boom in the Bakken represents a "growth factor" for Burlington Northern Santa Fe, Warren Buffett told CNBC, and said they're spending "real money" on tests to convert rail cars to natural gas.
U.S. oil futures fell to their lowest level in 2013, declining for a third consecutive session in reaction to slowing growth in China and indicators that oil markets are amply supplied.
In a domestic energy market developing faster than just about anyone can remember, the key is in finding an edge.
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