CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders focus on Iran, but headlines from the State Department drove crude higher by the end of the day.» Read More
Algeria's Sonatrach, decrying a "major industrial fiasco," said on Wednesday it was claiming substantial damages from Spain's Repsol and Gas Natural for their failure to meet the terms of a gas project.
Propane supplier Inergy Holdings LP said Wednesday it is buying Arlington Storage Co., which is the majority owner of a New York-based natural gas storage plant.
Oil prices were steady at above $72 on Tuesday, with U.S. refinery shutdowns reviving supply concerns, just as the summer driving season draws to a close.
Benchmark oil prices edged upward Monday as traders focused on signs that the U.S. economy is in better shape than previously thought after a moderate sell-off earlier in the day to lock in profits.
Oil finished above $71 a barrel on Friday, buoyed partly by strong gains in gasoline futures in New York.
Oil prices hovered near eight-week lows Thursday as traders tried to decide if the risk of an economic slump dampening demand is bigger than potential threats to supplies.
Australian oil and gas producer Santos on Thursday reported a 29% drop in first-half net profit as record production was more than offset by a strong Australian dollar and higher depreciation.
Energy companies in the Gulf of Mexico stepped up evacuations of workers Friday ahead of the first Atlantic hurricane of 2007, even as most revised forecasts showed the storm missing oil and gas installations.
Shell Oil was pulling nonessential workers from the western U.S. Gulf of Mexico on Tuesday as the company prepared to shut in 5 million cubic feet of natural gas production off the south Texas coast, the company said.
Russia's state-controlled gas monopoly will not cut gas supplies to its former Soviet neighbor Belarus after Minsk paid a "significant part" of a US$456 million gas debt before a Friday morning deadline, the national gas monopoly said.
A powerful explosion hit a gas pipeline in northwest Russia early on Thursday but officials said it was not caused by terrorism and exports were unaffected.
U.S. market regulators charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
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.