U.S. crude futures extended losses after inventories unexpectedly surged last week as imports jumped and refineries maintained output.» Read More
Gridlock in Washington on fracking, the minimum wage, and immigration force states to make their own rules. Fiscal Times reports.
Water isn't the only resource running short in California. The drought-stricken state is also low on natural gas.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly, over $100. Nat gas was down around 4 percent today, as cold temperatures are baked into the current price.
RBC analysts said U.S. production will be absorbed by the rest of the world "with only modest price impact" over the next year.
Crude traded mixed, with U.S. crude ending modestly higher and Brent losing nearly $1 ahead of a batch of U.S. and Chinese data.
More than 150,000 people in Montgomery County, Pennsylvania, are spending the night in the cold and the dark after Wednesday's ice storm.
One official likened the damage to what you'd expect to see from a hurricane.
Crude rose by more than $1 on tighter supplies and rising heating oil and gasoline prices amid continued cold weather in the U.S.
Almost three years on from Fukushima, concerns about the expansion of nuclear power plants especially in developing economies run high.
Unrelenting harsh weather is likely to show up as a drag on economic growth in the first quarter, even if there's a spring rebound.
Lee Raymond, former CEO of ExxonMobil, and George P. Mitchell, the man who pioneered fracking, should be on the CNBC 25.
Natural gas futures jumped more than 8 percent Tuesday, driven well above the key $5 per million BTUs level on supply concerns and short-covering.
The move raises new questions about how companies are testing the limits of a controversial, decades-old exports ban.
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.
Harold Hamm, Continental Resources Inc. CEO, discusses why the U.S. cannot export crude oil.
Oil futures were supported by positive U.S. economic data, a rise in gas futures and strikes at oil ports in France that curbed supplies.
Crude rose as traders took profit on a spread trade with U.S. oil, which itself was supported by record heating oil demand.
CNBC's Sharon Epperson explains why former BP CEO Lord John Browne is one of her top energy picks for CNBC's top 25 most influential business leaders.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas was down on the day, but remained above $5. Oil was up slightly on the day. And gold was up, as well.
Robert Trice, co-founder and CEO of Hurricane Energy, says there is a market for a small and independent oil producer ahead of the company's AIM listing.
Get the best of CNBC in your inbox