If correct, that would mean the initial $2 trillion valuation figure is off by a little more than the combined market valuation of Amazon and Netflix. » Read More
Industry analyst Trilby Lundberg of the Lundberg Survey said consumers could see price increases slow as crude oil costs drop. » Read More
By: Yen Nee Lee
The world's largest offshore rig builder Keppel Corp expects an extended slowdown in the offshore sector though oil prices have recovered from historical lows. » Read More
On Wednesday the U.S. Energy Information Administration said U.S. crude stocks fell 1 million barrels on the week, less than anticipated.
Nigeria won't get out of a recession as a result of OPEC's actions and must focus on implementing the right type of economic policies; FinMin.
OPEC Secretary General told CNBC the group's "credibility is at stake" as the oil producing cartel negotiates the implementation of a landmark deal.
Commodities are forecast to have a bumper year in 2017 with oil prices expected to rally to the mid $60s, according to analysts at Citigroup.
Bill Nygren shares his market views in an interview on CNBC's "Halftime Report" Monday.
President Trump's plan to make pipeline builders use American materials would force the industry to fundamentally retool its supply chain.
The oil market is "slowly but surely" reaching a balance as a result of the success of the OPEC production deal, the head of the oil industry and markets division at the International Energy Agency (IEA), told CNBC.
Jim Cramer sped through his take on caller favorite stocks, including embattled drug play Mylan.
"This was not something that happened by surprise. It had a clear goal," former Brazilian President Dilma Rousseff says.
Goldman Sachs has maintained its base case for oil prices at $50 per barrel, saying it anticipates a return to stable long-term oil prices.
OPEC has upgraded its world oil demand forecast to 1.27 million barrels per day, an upwards revision of 10,000 barrels per day.
Crude inventories fell by 1.3 million barrels in the week to April 7 to 532.4 million, compared with analysts' expectations for an increase of 87,000 barrels.
Oil prices traded lower on Tuesday as analysts remained divided on where the price will head from here.
Oil majors Royal Dutch Shell and Eni reiterated on Monday that neither they nor their personnel had been involved in any wrongdoing in Nigeria.
Get ready to open up your wallet a lot wider at the gas pump. A major Wall Street bank is reiterating its bullish call on crude oil.
This robot can crawl into parts of oil and gas pipelines that have never been inspected before, helping prevent oil spills.
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