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Energy Commodities Oil

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- A severe disruption to Libyan oil supplies and comments from officials suggesting OPEC could extend its production cuts deal to the end of the year boosted oil prices on Tuesday.

  • LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

  • LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

  • LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

  • LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.

  • *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production. In the United States, West Texas Intermediate crude futures were up 48 cents at $48.21 a barrel.

  • SINGAPORE, March 28- Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had gained 18 cents from their last close to $50.93...

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    A surge in oil hedges will spur drilling activity in the U.S., Wood Mackenzie said in a report released on Monday.

  • SINGAPORE, March 28- Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had gained 20 cents from their last close to $50.95...

  • The construction of the Gulf Coast Project pipeline in Atoka, Oklahoma. This 480-mile crude oil pipeline is being constructed by TransCanada and is part of the Keystone Pipeline Project.

    President Donald Trump will sign an executive order on Tuesday to rescind key parts of Barack Obama's efforts to fight climate change.

  • A closer look at oil market rebalancing

    Keisuke Sadamori of the International Energy Agency says OPEC might be complying with the output cut agreement but inventories remain high.

  • A worker stands on pipes at an offshore oil engineering company in Qingdao, in China's eastern Shandong province.

    The oil market is re-balancing but high inventories and U.S. output is offsetting an OPEC output cut and Asian demand growth, an IEA official said.

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.

  • SINGAPORE, March 28- Oil prices edged up on Tuesday on a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had risen 15 cents from their last close to $50.90 per...

  • LONDON, March 27- Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next. Hedge funds and other money managers now hold a combined net long position in Brent and WTI of 684 million barrels, down from a record 951 million on Feb. 21, though...

  • Will OPEC, won't OPEC?

    Johnathan Barratt, CIO at Ayers Alliance Securities, says OPEC has to extend the output cut deal if they want to put a floor on oil prices.

  • Dennis Gartman

    Commodities king Dennis Gartman, The Gartman Letter, explains his "utterly, completely and intolerably incorrect" call on energy.

  • Do we need more oil?

    With approval of the Keystone Pipeline it could mean more Canadian crude oil is coming to the U.S. CNBC's Jackie DeAngelis is in Nebraska, at the pipeline pumping station with a look at its impact on oil prices and exports.

  • Pipeline leading to the Syncrude Canada Ltd. upgrader plant sits at the company's mine near Fort McMurray, Alberta, Canada.

    Some analysts and U.S. oil producers fear Keystone XL will depress crude prices by adding to an already oversupplied global market.