Brent crude oil traded near $62 a barrel on Wednesday as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut.» Read More
Ken Hersh, CEO of NGP Energy Capital Management, says renewable energy will be a part of the future, but is currently too expensive compared with other sources of energy.
TransCanada CEO details the Keystone pipeline opening in Oklahoma.
The world's three largest publicly traded oil field servicing companies trumped analysts' earnings expectations in the final three months of 2013.
U.S. crude oil rose nearly $1 after a sizable draw in distillates drove the heating fuel price to its highest so far this year.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Gold saw its best daily gain in months. And the cold weather continues to drive natural gas higher.
The southern leg of the Keystone XL pipeline started shipping oil on Wednesday, and that's good news for Valero and other oil refiners.
Egypt's finance minister has told CNBC the recent vote on a new constitution was a "great success," and said the country was committed to political progress.
CNBC's Sharon Epperson reports TransCanada's southern leg of its Keystone XL Pipeline opened for business on Wednesday. Also, the cheapest retail gas in the U.S. is currently in Joplin, Missouri.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including oil and natural gas ahead of tomorrow's report on weekly supplies.
Oil rose on Wednesday as outlook reports indicated global oil demand will rise more quickly this year.
Jyrki Katainen, Finland's prime minister, discusses the opportunities Iran holds for Finland and how the country's economy is in the "middle of its transformation process."
Matt Damon is both a hot Hollywood actor and a water wonk. The man who brought Jason Bourne to life spends time these days on fixing the water crisis.
Lin Boqiang, director at China Center for Energy Economics Research, Xiamen University, discusses the energy sector in China and highlights that the government is "determined" to improve energy efficiency.
Ulrich Spiesshofer, CEO at ABB, explains that delays regarding one of the group's offshore platforms is behind the profit warning but adds he is "quite optimistic over the medium term."
Rising U.S. oil production will help neutralize supply disruptions from Libya and Iraq, making global markets less vulnerable to price shocks.
The United States continued its "relentless rise" in crude oil production in 2013, the IEA reported on Tuesday.
As meteorologists predict nearly a foot of snow, the Midwest and Northeast face a shortage of the essential resources residents need to keep warm.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says that the IEA's increased oil demand expectation is not "surprising" as the economy recovers.
John Kingston, Global Director of News, Platts explains why crude exports from Iran will likely increase with the lifting of some economic sanctions against the country.
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