InterContinental Hotels Group CEO Richard Solomons weighs in on the company's earnings, which reveal "pretty good revenue growth around the world."
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 percent on-year to S$739 million.
OPEC sources say the oil cartel could extend its oil supply-reduction pact with non-members.
Instead of extracting it so aggressively, the U.S. should leave it until the Middle East runs out of oil, the billionaire says.
The pace of the U.S. shale oil recovery is set to pick up next month as more crude-producing regions return to growth.
Markets stay bloated after recent rig count data support evidence that US production is rising.
COLUMBUS, Ohio— Oil-and-gas drillers in Ohio have paid $43 million in property taxes to local governments and schools in six shale counties since 2011, according to a report released Thursday. The finding by the Ohio Oil and Gas Association and Energy In Depth Ohio, a natural-gas research and education group, comes as Republican Gov. Thursday's report shows...
Energy Transfer Partners said it has started drilling under a North Dakota lake despite a last-ditch legal challenge from Native American tribe.
Analysts at the firm say the recent increase in US crude imports could reverse from March onward.
DALLAS— An Austin-based driller said this week that it's buying about 71,000 acres of land in the energy-rich Permian Basin for $2.8 billion, becoming the latest energy company to make a major investment in the region. The deal comes just a few weeks after Exxon Mobil Corp. announced it was buying the Permian Basin holdings of the Bass family, of Fort Worth, in a...
CNBC's Jackie DeAngelis reports President Trump's executive order on the Keystone Pipeline could mean construction will begin soon but there are restrictions on where the pipeline has to in made.
The cost of drilling and fracking wells in the Permian Basin is quickly rising — that's if you can book the crews to do the work.
*STOXX Europe 600 index up 0.3 percent. LONDON, Jan 31- European shares climbed on Tuesday and headed for their third straight month of gains, with a rally in firms such as British online supermarket Ocado and Swedish engineer Alfa Laval after their encouraging earnings updates supporting the market. The pan-European STOXX 600 index was trading 0.3 percent...
Conrad Werner, Macquarie Group, weighs in on the performance of the Singapore offshore and marine company.
CNBC's Jackie DeAngelis reports on the role energy played in pushing the Dow to record levels, and what's next for big oil.
Disagreements on sourcing and exports could be problematic for Keystone XL's newly expedited approval process, Sen. Heidi Heitkamp says.
Sen. Heidi Heitkamp, (D-N.D.), discusses her support of President Trump's executive orders on the Keystone XL and Dakota Access pipelines and some of the issues surrounding getting the deal done and the jobs it will create.
CHICAGO, Jan 23- Peabody Energy Corp's plan to emerge from Chapter 11 bankruptcy faces a "material risk" that the U.S. coal producer could suffer a $1 billion revenue loss due to a disputed lease at the world's largest coal mine, according to an objection filed to its reorganization plan. Oil and gas driller Berenergy Corp and Peabody hold overlapping federal...
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS.
Jan 20- Schlumberger NV reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per share, a...