May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a seven-month high at $50 a barrel. They broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting range-bound markets for the next few months as supply outages... » Read More
ZURICH, April 20- Three shareholder advisory firms oppose plans by ABB to appoint Frederico Fleury Curado to its board, saying his existing positions at listed companies would leave him too little time to devote to the Swiss engineer. The 54- year-old Brazilian is already on the boards of U.S.-listed offshore oil driller Transocean and Iochpe Maxion, a Brazil-...
Here's why falling oil prices haven't dampened crude output — even for producers who are losing money on every barrel.
The downward pressure on oversupply is going to remain intense in this market, says John Kilduff, Again Capital Partners, discussing escalating volatility in the oil patch after Saudi Arabia and Iran could not reach an agreement on freeze output.
Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, and John Kilduff, Partner at Again Capital LLC, discuss whether we'll see a deal coming out of the oil producers' meeting in Doha.
CNBC's Dominic Chu reports the number of oil rigs online in the U.S. falling to 351 this week compared to last week's total.
Jim Cramer explains what to watch ahead of the open including deep-water driller Ensco.
The analyst who called the crude oil glut says the commodity won't make it further than $45 a barrel this year.
U.S. crude production fell under the 9 million barrel a day threshold last week, a welcome development for oil producers heading to Doha this weekend.
Discussing the bull and the bear case on oil rig data, with John Kingston, McGraw Hill Financial.
CNBC’s Jackie DeAngelis looks at the surge in oil prices.
LONDON/ OSLO, April 8- Norway's multi-billion-dollar high-yield bond market has become the latest casualty of the oil industry slump, with looming debt defaults for firms that operate supply ships and drilling rigs set to hammer investors who bet on the once-booming business. This has effectively shut down a part of the corporate bond market that is worth...
New Mexico's oil and gas industry is overshadowed by Texas drilling, but the state is an energy power in its own right.
Goldman Sachs said the net effects of cheaper crude on growth have been "negative so far," given the impact on oil producers.
Commodities specialist Helima Croft tells CNBC oil prices could face a long, onerous process of erasing oversupply.
Kent Moors, Executive Chairman of Energy Capital Research Group, and Kyle Cooper, Managing Director at Criterion Research, discuss the current state of crude inventories and where oil prices are heading.
BOSTON/ NEW YORK, March 23- More cash, lower targets and bigger share awards- not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Oilfield services company Schlumberger NV, for example, used lower earnings targets for the second half of 2015, which helped its CEO Paal Kibsgaard receive total pay of $18.3 million, only...
The dash to $40 per barrel over the past eight weeks won’t last, says oil expert John Kilduff.
You may need an iron stomach to invest in this battered sector, but it could provide the biggest opportunity in years, says Ross Gerber.
The White House reverses their previous stance on oil drilling in the Atlantic Ocean, reports CNBC's John Harwood.
The country's central government orders all ministries and state bodies to implement spending cuts.