U.S. crude trades above $51 after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump.» Read More
Jim Cramer knows he’s talked about oil producers with major shale exposure ad nauseam. Following is something new.
Igor Sechin, CEO of Rosneft, says the company is "not perceived in the right way" and is considered to be a state-owned company.
Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.
The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.
CNBC's Michelle Caruso-Cabrera talks with Dr. Najmaldin Karim, governor of Kirkuk about the recent violence in Iraq and the suggestion of breaking up the country into three parts.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
Here are five low-cost, no-stress ways to slice your summer power bills.
Two senators said they want to raise the federal gasoline and diesel tax by 12 cents a gallon, the first increase since 1993.
CNBC on Tuesday witnessed about 2,000 civilians who had fled to a United Nations camp hastily arranged at Kalak, Iraq.
Brent rose past $114 a barrel on worries about exports from Iraq, while U.S. crude dipped as data showeddh smaller draw in domestic stocks.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was slightly lower, but Brent was higher on developments in Iraq. Gold was mostly flat, up about 70 cents on the day.
Rising tensions in Iraq are giving investors anxiety. Is this the trigger for a correction? NYSE floor trader Kenny Polcari weighs in.
Assailants have kidnapped 40 Indian construction workers from Iraq's Mosul, which fell to Sunni insurgents last week, India's foreign ministry said.
Brent held steady above $113 per barrel while U.S. crude weakened slightly, as speculation about Iran and the West offset fears about Iraq.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
Unlike recent geopolitical threats in Syria and Ukraine, Iraq's current conflict may have a lasting impact on oil markets that goes beyond short-term price action, Morgan Stanley argues.
Scott Darling, Regional Head of Oil & Gas Research at J.P. Morgan, explains why he likes PetroChina and PTT Exploration & Production.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was a pause today, as WTI was down slightly. Gold was down on the day, as traders kept their eyes on the Fed.
Iraq's biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said on Tuesday.
Bob Dudley, BP CEO says his company hasn't missed a beat in operations so far, reports CNBC's Michelle Caruso-Cabrera, with an update from Iraq.