An oil spill in western North Dakota last December might be bigger than everyone thought. » Read More
*OPEC to meet in Kuwait for monitoring meeting. NEW YORK, March 24- Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in...
ABUJA, March 24- Nigeria's state oil company said on Friday it was set to recover $184 million in crude oil swap under-deliveries recorded against three oil companies during the now defunct crude for product swap system. The Nigerian National Petroleum Corporation is in the process of reconciling transactions made as part of the defunct system, Group...
A December oil pipeline spill in western North Dakota might have been three times larger than first estimated.
OPEC to meet in Kuwait for monitoring meeting. West Texas Intermediate crude futures were up 3 cents at $47.73 a barrel by 11:25 a.m. EDT, set for a more than 2 percent loss on the week. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in part...
An official says Saudi Arabia's U.S. oil exports are falling and will stay low, but other data suggest the drop is only temporary.
John Kilduff, Again Capital, discusses the impact of the Keystone XL Pipeline approval on the oil market.
President Donald Trump comments on the approval of the Keystone Xl Pipeline.
CNBC's Eamon Javers reports on the approval of the Keystone XL Pipeline building permit.
Oil prices could dip to the low to mid $30 dollar range if OPEC doesn't extend its production cut agreement.
CNBC's Jim Cramer share his thoughts on why he is not too excited by the State Department's approval for TransCanada to build the Keystone Pipeline.
LONDON, March 24- Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-oversupplied market, but benchmark prices were on track for weekly losses as concerns persisted over an excess of crude. Benchmark Brent crude futures were at $50.86 per barrel at 1040 GMT, up 30 cents from their last close. West Texas Intermediate...
Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for Aramco's IPO.
U.S. crude broke a four-day losing streak in thin trade on Friday, but posted a weekly loss as concerns persisted over an excess of crude.
*Canadian dollar ends at C $1.3351, or 74.90 U.S. cents. "Traders are looking for further direction from either the oil market or from the equity market and risk appetite as Trump and the Republicans try to pass their healthcare bill," said Scott Smith, chief market strategist, associate portfolio manager at Viewpoint Investment Partners. Prices of oil, one of...
*OPEC cuts began on Jan. 1 but stockpiles still climbing. Benchmark Brent crude oil settled at $50.56 a barrel, down 8 cents on the day and holding above Wednesday's slide to $49.71, its lowest level since Nov. 30 when OPEC announced plans to cut output. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
The three largest liquefied natural gas buyers worldwide signed an agreement to cooperate in "joint procurement."
Oil and gas professionals and the managers who hire them have differing ideas about how an industry recovery will play out, a survey shows.