The oil industry has an oversupply issue that won't be balancing out soon, Again Capital's John Kilduff says. » Read More
Natural gas futures soared more than 5 percent on Thursday after a government report showed storage levels rose last week by a smaller amount than many analysts had expected.
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.
The natural gas and oil exploration company delivered earnings that fell short of Wall Street's expectations but its revenue topped forecasts.
Ever since its founding as an autonomous state in 1948, Israel has relied on imported energy to meet its domestic power demands. However, offshore exploration operations have now found giant natural gas fields able to supply the country with more gas than it can use.
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in Baghdad for withholding payments owed to international oil companies working in the semi-autonomous north. The region's Ministry of Natural Resources said the resumption was a goodwill gesture meant to encourage the central government to settle the outstanding payments. With foreign companies seemingly focusing their financial energy in northern Iraq, however, the gesture may be more of a power play than a confidence-building effort.
Natural gas futures plunged 8 percent Thursday as supplies grew more than expected last week and as hot temperatures were forecast to moderate by the middle of August.
For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production.
The ups and downs of renewable energy projects like solar, wind and electric cars have shell-shocked investors, but this is not the death knell for eco-investment, and the smart investor will take a long-term view of the market and benefit from what is certainly a momentous global trend. More to the point, renewable energy isn’t the end-all for eco investments—it’s an economy-wide phenomenon.
China’s $15.1 billion bid to acquire Canada’s Nexen oil company threatens to turn China into an owner rather just a major buyer of Canadian oil, and prompts a surge in nationalist rhetoric that is attempting, misguidedly, to bring up the question of sovereignty.
The cost of generating electricity by wind and solar is falling rapidly, ,and however hard Big Oil and Big Gas try to suppress government funding and tax breaks for renewables, they are doomed to lose, and in only about 4 years.
Second quarter GDP Friday could be a game changer for markets that are anxious for any clues as to the depth and duration of the current soft patch.
Growing demand for electricity in China is going to increase power generation beyond the resource-rich Northern and Western regions of the mainland, benefiting independent producers, upstream gas players and copper companies, according to Macquarie Securities.
Nationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.”
Argentina is making few friends in the fossil fuels industry these days. Sam Logan, owner of Southern Pulse, speaks to Oilprice.com about the politics of populism behind Argentina’s energy aggression.
NRG Energy said Sunday that it reached an agreement to buy wholesale power provider GenOn Energy in an all-stock deal worth about $1.7 billion.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Royal Dutch Shell is one of six energy companies hoping to begin drilling for oil and gas in the Arctic next month, and the U.S. Coast Guard is billions of dollars short of what it needs to monitor and protect those operations, according to a report.
Dave Cote, Honeywell Chairman/CEO, discusses his company's recent growth, how he thinks the government should handle natural gas, and where he thinks the global economy is headed.
The country's gas storage market is near capacity, in fact—much earlier than normal in the current gas injection season.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow as Fed Chairman Ben Bernanke delivers his second day of testimony on Capitol Hill.