Violent confrontations between Somali pirates and merchant ships’ armed guards could become more common as some shipping companies have reduced ship speeds through the highest-risk area to save on fuel, maritime experts have warned.
Big movements in the price of oil can have significant effects on the economy, and countries with the most oil within their borders are set to benefit, as demand for crude continues to rise.
Republican presidential candidate, Rep. Ron Paul discusses fixing the U.S. economy, fighting the Fed, Iran and foreign policy, and his plan to restore America.
An updated industry report published shows Iran as having produced 3.752 million barrels per day (bpd) in February, marking the highest output since December 2008.
Iran calls it the "soft war" with the West: Battles to control, defend and monitor the Internet and other high-level telecommunications.
Benchmark U.S. crude futures will likely remain flat this week with the bias suggesting weaker prices ahead unless headlines on Iran’s nuclear program renew fears of supply risks, CNBC's weekly survey of market sentiment showed.
Benchmark U.S. crude futures will likely remain unchanged around $103 a barrel as investors debate whether Friday's sub-par payrolls data builds the case for more stimulus from the Federal Reserve, CNBC's weekly survey of market sentiment showed.
Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load. The FT reports.
There is a lot of tough talk emanating from the Middle East. Here's a currency-trading plan in case the situation worsens.
Friday's move higher in gold ignores a longer-term shift in investor sentiment.
Want to move the oil market these days? Fire off a headline about Iran, and, with the help of instant messaging, tweeting, blogging, and some old fashioning phone calling, you get a significant rally.
Blackstone vice chairman Byron Wien told CNBC that oil prices will drop further, predicting that tensions with Iran will loosen this year.
A release of oil from the U.S. Strategic Petroleum Reserve (SPR) to counter rising oil prices would be irresponsible, Francisco Blanch, head of global commodity research at Bank of America Merrill Lynch told CNBC on Monday.
Sentiment towards benchmark oil prices is evenly balanced this week, with some in the markets saying higher U.S. gasoline prices are causing ‘demand destruction’ while others say supply risks focused on Iran will continue to keep prices well-supported, CNBC's weekly survey of market sentiment showed.
Francisco Blanch, Head of Global Commodity and Multi-Asset Strategy Research, Bank of America Merrill Lynch says a release of oil stocks from strategic petroleum reserves at this stage isn't justified.
Further increase in gasoline prices may force Americans to cut spending, and in turn may hurt consumer-related stocks, says a new report from Barclays Capital.
New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
Daniel Yergin, CNBC energy analyst, discusses what's behind the rising price of oil, and problems with Iran.
CNBC's Sharon Epperson has the details on this week's crude oil inventory data.
The Asia region is expected to drive demand for oil over the course of the year, according to the latest International Energy Agency report.