Rep. Patrick McHenry, (R-N.C.), and Eric Cantor, Moelis & Co., vice chair, discuss the battle on Capitol Hill over the Iran nuclear deal.» Read More
Oil could spike and gasoline prices could hit $5 per gallon over the next 30 days if we see more monetary stimulus and instability in the Middle East, analyst David McAlvany told CNBC’s “Closing Bell” on Monday.
Supply-side tensions vying with a softer global macroeconomic outlook will cloud the direction in benchmark oil markets next week though key U.S. data releases may help set the tone, according to CNBC's weekly survey of oil market sentiment.
The Congressman responsible for writing many of the U.S. sanctions against Iran lashed out about London-based Standard Chartered’s business with the Islamic Republic and the negative reaction from Britain to the impact of U.S. sanctions on British banks.
Remember the advert that went: “Can a bank really stand for something, can it balance its ambition with its conscience," as you saw images of raindrops falling on leaves, children flying kites and Indians playing with colors?
Oil prices will likely gain this week after Friday’s forecast-beating U.S. jobs report though any rally may fade quickly as one month’s data will do little to ease broader concerns about an anemic recovery in the world’s largest economy, according to CNBC's weekly survey of oil market sentiment.
The surge in grain prices amid the worst drought in the U.S. in more than half a century, has led to livestock farmers demanding the Obama administration reduce or temporarily cancel a federal mandate, which requires part of the corn crop be set aside to produce ethanol for blending into cleaner-burning gasoline.
Oil prices will likely gain this week on expectations that the U.S. Federal Reserve may announce additional stimulus to help boost an anemic recovery in the world's largest economy while markets are looking towards the European Central Bank to suppress unsustainably high sovereign borrowing costs in Spain and Italy, according to CNBC's weekly survey of oil market sentiment.
Lingering concern over the sustainability of high Spanish borrowing costs may limit further gains in the oil market despite heightened tensions in the Middle East, according to CNBC's weekly survey of oil market sentiment.
CNBC's Sue Herera and Sharon Epperson report on how the rebellion in Syria is impacting Iran and its oil supply. Alireza Nader, The Rand Corporation, offers insight. "There is a possibility, if Iran becomes more nervous and insecure, they will be less likely to compromise on the nuclear program," says Nader.
Many people in the intelligence community say the fighting in Syria has ramifications far beyond that nation’s borders and they could spill into the oil market very quickly. Syria is Iran’s main ally and they believe if Syria falls Iran will increase the speed of its nuclear program.
Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.
Iran has announced plans to start building its first nuclear submarine—a piece of advanced military technology that only the most powerful nations on earth are even able to construct—and which runs on uranium enriched to such a level that it can double as the fuel source for a nuclear bomb.
Prices of commodities from oil to copper have fallen sharply. Money is flowing out of the sector and some investors are questioning the so-called commodities ‘supercycle’ – the mantra that prices will rise and rise, underpinned by Chinese growth, the Financial Times reports.
Washington is sending contradictory signals about two proposed natural gas pipelines that could begin to alleviate Pakistan's chronic energy shortages.
No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.
Investor Dennis Gartman tells "Fast Money" which way he thinks crude oil will be going in the second half of this year.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Radical Islamist Mohammed Morsi won Egypt's first election since Mubarak, and now he says he wants to "re-think" peace with Israel. Radio talk show host John Batchelor, offers insight.
John Hofmeister, founder and CEO of the nonprofit Citizens for Affordable Energy and Shell Oil’s former U.S. CEO, tells CNBC that looming EU sanctions aimed at punishing Iran for continuing its nuclear program will be “a non-event.”
In one week, a EU-wide ban on Iranian oil goes into effect along with EU-wide ban on insuring any ship carrying Iranian oil, with John Hofmeister, Shell's former president & CEO.