Oil and Gas Oil and Gas Storage

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  • Brine spills from oil development in western North Dakota are releasing toxins into soils and waterways, sometimes at levels exceeding federal water quality standards, scientists reported Wednesday. Samples taken from surface waters affected by waste spills in recent years in the state's Bakken oilfield region turned up high levels of lead, ammonium,...

  • Inside Iran's oil industry

    CNBC's Michelle Caruso-Cabrera reports from Iran about the country's oil industry after the lifting of the nuclear sanctions.

  • CALGARY, Alberta, April 25- Oil and gas producer Husky Energy reported a first-quarter loss on Monday and said it has agreed to sell a partial interest in a package of Canadian midstream energy assets to two Hong Kong- based firms for C $1.7 billion in cash. Husky will retain 35 percent interest and remain operator of the assets, which are located in Alberta and...

  • CALGARY, Alberta, April 25- Husky Energy said on Monday it will sell 65 percent ownership in select midstream energy assets in Canada to Cheung Kong Infrastructure Holdings Ltd and Power Asset Holdings Ltd for C $1.7 billion.

  • NEW YORK, April 22- Oil prices rose on Friday and notched their third straight week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in...

  • NEW YORK, April 22- Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persistent global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the...

  • NEW YORK, April 22- Oil prices rose on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the...

  • NEW YORK, April 22- Oil prices jumped more than 2 percent on Friday and were poised for a third week of gains as market sentiment turned more upbeat amid signs a persisting global supply glut may be easing. Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to...

  • LONDON, April 22- Oil prices rose on Friday towards $45 a barrel, heading for a third straight week of gains as market sentiment turned more upbeat despite persistent oversupply. International benchmark Brent crude futures were trading at $44.60 per barrel at 0912 GMT, up 7 cents, or 0.1 percent, from their last settlement. West Texas Intermediate crude was up 14...

  • SINGAPORE, April 22- Oil prices rose on Friday, setting crude futures on course for solid weekly gains, as market sentiment turned more upbeat despite ongoing oversupply. International benchmark Brent crude futures were trading at $45.10 per barrel at 0632 GMT, up 57 cents, or 1.28 percent from their last settlement. West Texas Intermediate crude was up 62 cents,...

  • SINGAPORE, April 22- Oil prices rose in Asian trade on Friday, setting crude futures on course for solid weekly gains, as market sentiment becomes more upbeat despite ongoing oversupply. International benchmark Brent crude futures were trading at $44.98 per barrel at 0418 GMT, up 45 cents or 1 percent from their last settlement. West Texas Intermediate crude was...

  • SINGAPORE, April 22- Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing oversupply. International benchmark Brent crude futures were trading at $45.09 per barrel at 0054 GMT, up more than half a dollar from their last settlement.

  • Oil closes near session high

    CNBC's Jackie DeAngelis reports on the close of the oil market at the end of the May contract.

  • LONDON, April 19- Crude oil storage helped commodity traders and refiners make strong profits last year and in the first quarter of 2016 but now the price structure which made it possible is evaporating. In a typical storage strategy, known as "cash and carry," traders buy physical crude and put it into storage in a tank farm, or more rarely on a tanker at sea.

  • LOS ANGELES, April 18- Hundreds of Los Angeles homeowners who live near the site of the worst U.S. methane leak have filed claims against state regulators and the governor, seeking $3.5 million each in damages for government failures they blame for the gas blowout. Those cases marked the first batch of more than 3,000 such claims expected by the end of this week,...

  • SINGAPORE, April 18- Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major...

  • *Saudi, Iran tensions scupper producer deal to freeze output. SINGAPORE, April 18- Oil prices tumbled on Monday after a meeting by major producers in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Geopolitical tensions between Saudi Arabia and Iran...

  • Pipelines and oil storage tanks in Cushing, Okla.

    Oil prices may be tanking in the wake of a failed attempt to freeze production, but Citi is betting on a recovery in prices.

  • Iran: The oil wildcard?

    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.

  • Where's energy headed?

    Discussing the outcomes of the oil producers meeting in Doha this weekend with Kyle Cooper, Criterion Research founding partner, and Kent Moors, executive chairman at Energy Capital.