CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed around $59. Meanwhile, gas prices continue to climb, hitting an average of $2.52/gallon.» Read More
Talk about timing. As a massive oil spill spreads in the Gulf of Mexico, 70,000 oil industry professionals are gathering in Houston for the Offshore Technology Conference.
The natural gas company reported improved results that handily topped forecasts, pushing shares of the company higher in late trading.
The oil spill in the Gulf of Mexico is bad — no one would dispute it. But just how bad? The New York Times explains.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
Also, Cramer's take who's to blame for the Gulf oil spill, and thoughts on why Goldman Sachs stock is still struggling.
BP says that the offshore drilling accident could cost the company several hundred million dollars. But the long-term damage to BP’s reputation is likely to be far higher, says the NYT.
Energy prices were quiet yesterday (Wednesday). Natural gas recovered slightly for the first time this week but was trending lower in after-hours trading. For today’s DOE release, the crowd is looking for a 70 Bcf injection. Meanwhile crude oil was strong despite a larger than expected build, and the products fell on the back of another build in ultra-low sulfur diesel stocks. Expect increased volatility as the products approach expiry.
Check out Cramer’s full interview with CEO Edward Cohen.
From cutting-edge technology to ancient ingenuity, take our quiz to find out how much you know about alternative energy.
The sell-off in oil has intensified as much of Europe is still paralyzed by air travel disruptions caused the the volcanic ash cloud hovering above parts of the continent.
So where is it easiest to find alt-fueling stations, and which kinds of fuel are most readily available? Click ahead to see the country's top 15 states for alt-fuel convenience.
A proposal to use more US natural gas instead of foreign oil is making "great strides" and will likely be passed by Congress by year-end, T. Boone Pickens, founder and CEO of BP Capital told CNBC.
Pure plays don’t work right now, so he’s looking for hybrids. And he may have found a good one in Swift Energy.
Cramer discusses the political fate of this abundant commodity.
President Obama said Friday’s positive employment report indicates that the worst of the recession is over. What is the economic outlook going forward? David Wyss, chief economist at Standard & Poor’s, and Howard Ward, portfolio manager at Gamco Growth Fund, shared their insights.
Most of David J. O'Reilly's compensation bump came from a salary increase and a greater amount of stock and options awards; while the value of his perks nearly doubled to $517,228
The automotive sector was handed major setbacks during the recession, but Mike Jackson, CEO of AutoNation, said the industry is in store for a “Fat V” recovery.
In some sense, I’m glad President Obama is opening the door to offshore oil drilling. But in the spirit of free-market deregulation, I do think that much, much more should be done in the Atlantic, the Gulf of Mexico, the Pacific, and Alaska.
Stocks wavered on Wednesday after an unexpected drop in the ADP jobs report. How should investors position their portfolios? Bill Spiropoulos, CEO of CoreStates Capital Advisors, and Dennis Wassung, portfolio manager at Cabot Money Management, shared their insights.
Oil prices have done something remarkable over the last half-year or so: they have barely budged. Economists and government officials say that if prices remain stable, it could benefit the world economy, the future security of energy supplies and even the environment. The NYT explains.