Oil and Gas Oil and Gas Storage

  • NEW YORK/ HOUSTON May 11- U.S. Midwest refiners are rushing to secure alternatives for crude supply as they worry about prolonged outages after a raging wildfire in Canada shut nearly half of production capacity from the vast oil sands. They pointed to record crude stocks at the U.S. hub of Cushing, Oklahoma, swelling domestic supplies as well as growing imports...

  • SINGAPORE, May 10- Oil prices fell early on Tuesday as Canadian wildfires that have knocked out over 1 million barrels worth of daily crude capacity moved away from production facilities, while brimming inventories and a strong U.S. dollar weighed on markets. U.S. crude futures were trading at $43.09 per barrel at 0040 GMT, down 35 cents from their last settlement.

  • LONDON, May 9- A growing overhang of gasoline and diesel fuelled a sharp sell-off in oil futures on Monday that reversed a recent rally over the wildfires in the heart of Canada's oil sands region, traders and analysts said. While crude oil supplies have significantly tightened in recent weeks due to outages linked to unrest in Libya, militant attacks in Nigeria,...

  • NEW YORK/ CONKLIN, Alberta, May 8- The mass evacuation of residents from the wildfire-devastated Canadian oil town of Fort McMurray is likely to significantly delay the restart of production, even though energy facilities themselves have escaped major damage from the flames. Energy facilities were barely touched through the first week of Alberta's...

  • More pain for big oil?

    Stewart Glickman, S&P Global Market Intelligence Energy Equity Analyst, and Kyle Cooper, ION Energy Group Consultant, discuss the oil market and big players in the space.

  • 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.

  • Oil closes near session high

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

  • 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.

  • Kuwait's OPEC governor expects output freeze

    Kuwait's OPEC governor Nawal Al-Fuzaia says all signs point to an initial agreement to freeze oil production levels.

  • Gas prices are on the rise

    The average price of a gallon of gasoline gained nearly 25 cents in the past four weeks.

  • The nightmare my competitors face: Nordic American CEO

    Herbjorn Hansson, Nordic American Tanker CEO, discusses the threat of borrowing too much money in the oil tanker industry.

  • We make things simple for investors: Nordic American CEO

    Herbjorn Hansson, Nordic American Tanker CEO, joins CNBC's "Power Lunch" to discuss all aspects of Nordic American and how the company differs from others.

  • A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. As crude oil prices have fallen, many American communities that became dependent on oil revenue are preparing for hard times.

    As oil prices fell toward an 11-year low Tuesday, experts debated what this means for the Texas and broader global economy.

  • An oil pumpjack operates near Williston, North Dakota.

    U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports.

  • Halliburton

    Halliburton has been forced to delay for a second time its planned $26bn acquisition of rival Baker Hughes, the Financial Times reports.

  • A construction worker specializing in pipe-laying sandblasts a section of pipeline in North Dakota.

    The recent stock dives in energy MLPs and Kinder Morgan’s dividend cut disproves the idea that MLPs are immune to low oil prices.

  • A BP employee uses ultrasound to scan a section of pipe along an oil transit pipeline at Prudhoe Bay oil field on Alaska's North Slope.

    Market watchers scrutinizing fluctuations in volatile crude oil prices shouldn't expect upward moves to last, Dennis Gartman says.

  • Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.