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Energy Commodities Oil

  • TOKYO, May 1- Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC- led crude oil output cuts could be extended when oil priducers meet later this month. NYMEX crude for June delivery was down 10 cents at $49.23 a barrel by 0204 GMT. Iran's oil minister said on Saturday that OPEC and non- OPEC countries had...

  • TOKYO, May 1- Oil prices edged down on Monday on worries that OPEC- led production cuts may not significantly tighten an oversupplied market in the short term despite talk of extending them. Iran's oil minister said on Saturday that OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.

  • TOKYO, May 1- Oil prices edged down on Monday on worries that OPEC- led production cuts may not significantly tighten an oversupplied market in the short term despite talk of extending them. Iran's oil minister said on Saturday that OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices closed up on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline. U.S. light crude rose 36 cents to settle at $49.33 a barrel, off the day's high of $49.76.

  • CALGARY, Alberta, April 28- As global oil majors pull out of Canada's oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit despite low crude prices. Three of Canada's biggest oil and gas companies reported first-quarter earnings and held annual general meetings this week, in which they...

  • Energy: Bull vs. bear

    The bull/bear debate on energy with Brian Youngberg, Edward Jones oil and gas analyst, and John Kilduff, Again Capital founding partner.

  • The Week Ahead

    CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

  • Pisani: This is why the market is only 10 points from S&P 500 historic high

    CNBC's Wilfred Frost and Bob Pisani look at the day's market action including what is pushing the market towards historic highs.

  • Three energy earnings movers

    The "Halftime Report" traders weigh in on three stocks that reported earnings today in an "energy edition" of our trader blitz.

  • April 28- U.S. drillers added oil rigs for a 15th week in a row, but the pace of those additions slowed in April to the lowest in five months as crude prices fell below $50 a barrel on doubts OPEC will continue to cut production enough to reduce the global glut. Drillers added nine oil rigs in the week to April 28, bringing the total count up to 697, the most since April 2015,.

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • Worker at Vankor Field, operated by Russian national oil company Rosneft, in Igarka, Russia.

    An Exxon executive said the company is complying with Russian sanctions a week after the Treasury Department denied its waiver request.

  • Review of offshore energy policy a rollback of Obama administration goals

    CNBC's Eamon Javers reports the highlights of the new executive order signed by President Trump to re-open offshore energy policy.

  • Trump signs executive order on offshore energy strategy

    President Donald Trump signs an executive order to re-open offshore energy policy, including reversing the Arctic leasing ban imposed by the Obama administration.

  • Chevron reported first-quarter net income of $2.68 billion, or $1.41 per share, in the first three months of the year, compared with a loss of $725 million, or 39 cents per share, in the same period a year ago. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Shares of Chevron Corp. rose 73 cents to...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • Trump to sign exec. order on offshore energy strategy

    CNBC's Eamon Javers reports the outlook for President Trump's latest executive order on offshore energy.

  • U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street. So far, earnings have been mostly exceeding Wall Street's expectations. "The market is worried that the second quarter perhaps will see continued weakness, and that's part of the tug-of-war we're seeing in the market," said Quincy Krosby, market strategist at...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat Wall Street's profit expectations on Friday, a sign the oil industry has regained its footing after a two-year price spiral. Looming over the large international oil companies, though, is uncertainty over whether the Organization of the Petroleum Exporting Countries...

  • April 28- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported a quarterly profit on Friday, compared with a year-ago loss, helped by higher global crude prices and a C $151 million gain from the sale of a property. Imperial, like other oil producers, gained from a 55 percent jump in global crude prices in the quarter, as an OPEC- led production cut and a...