Energy Commodities Oil

  • *Saudis output seen at new record high despite OPEC overtures. NEW YORK, Aug 17- Oil's near week-long rally was under pressure on Wednesday after an unexpected drawdown in U.S. crude and gasoline stocks was offset by worries that Saudi Arabia was cranking output to record highs even as OPEC talked of ways to ease a global glut. West Texas Intermediate crude futures...

  • Futures Now: Crude rally on pause

    The "Futures Now" team discusses the trade in crude oil, with Bob Iaccino, Path Trading Partners, and Brian Stutland, Equity Armor Investments.

  • CRUDE WIDENS TO $2.50 A BARREL, THE MOST SINCE LATE FEB 2016.

  • The sun sets over an oil refinery in Saudi Arabia.

    Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia.

  • Crude inventories down 2.5 barrels

    CNBC's Jackie DeAngelis reports the weeky EIA inventory update.

  • U.S. HEATING OIL FUTURES UP 0.7 PCT AFTER EIA DATA.

  • OIL PRICES PARE LOSSES SHARPLY AFTER EIA DATA SHOWS BIG SURPRISE DRAW IN U.S.

  • NEW YORK, Aug 17- U.S. crude futures fell nearly 1 percent on Wednesday ahead of important inventory data while Brent steadied near 5- week highs on speculation that the world's crude producers might still be able to strike a deal to support the market. Analysts expect the U.S. Energy Information Administration to announce a fourth straight weekly rise in...

  • Oil prices pause

    CNBC's Jackie DeAngelis reports the latest on crude oil prices, live at the NYMEX.

  • A truck drives past pump jacks north of Ufa, Bashkortostan, Russia.

    A Pimco managing director added his voice to the chorus of energy experts saying $50 per barrel is the magic number for crude oil on Wednesday.

  • *OPEC, other producers to meet next month. Prices have risen by nearly 20 percent in just two weeks to their highest since early July, after speculation surfaced that top producers within and outside of OPEC could finally reach a deal on freezing output. "The market is totally dominated by short speculators facing OPEC talk," SEB commodities strategist Bjarne...

  • DUBAI, Aug 17- Iran's crude oil exports in July were more than 2.1 million barrels per day, the oil ministry's news agency SHANA cited a senior Iranian oil official as saying on Wednesday. Director of the International Affairs Department at National Iranian Oil Company Mohsen Ghamsari told SHANA the total amount of crude and gas condensate exports by Iran...

  • *OPEC, other producers to meet next month. Prices have risen by nearly 20 percent in just two weeks to their highest since early July, after speculation surfaced that top producers within and outside of OPEC could finally reach a deal on freezing output. "The market is totally dominated by short speculators facing OPEC talk," SEB commodities strategist Bjarne...

  • *OPEC, other producers to meet next month. SINGAPORE, Aug 17- Oil prices fell away from 5- week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply would be successful. Brent crude futures were trading at $48.86 per barrel at 0702 GMT, down 37 cents from their last settlement.

  • BHP Results

    Intelligent Investor's Gaurav Sodhi says BHP Billiton's underlying results were strong, while the losses came from a misallocation of capital.

  • Energy Inflation

    The supply and demand dynamics in the oil market are balanced with oil prices at around $50 a barrel, says Pimco's Mihir Worah.

  • *OPEC, other producers to meet next month. Brent crude futures were trading at $48.92 per barrel at 0158 GMT, down 31 cents from their last settlement. The Organization of the Petroleum Exporting Countries will probably revive talks on freezing oil output levels when it meets non- OPEC nations next month, with sources citing Saudi Arabia's wish for higher prices.

  • *Q2 crude oil imports up 4.5 pct y/y, boosted by Iran cargoes. SEOUL, Aug 17- South Korea's crude oil imports rose 4.5 percent in the second quarter of 2016 from a year ago due to growing shipments from Iran after sanctions were lifted, while local oil consumption also increased on the back of low prices. The world's fifth-largest crude importer has continued to buy...

  • A worker at the Nahr Bin Umar field, Iraq.

    The oil rally paused on Wednesday as a surprise draw in U.S. crude and gas stocks was offset by reports Saudi Arabia is increasing its output.

  • International Brent crude oil futures were trading at $48.85 per barrel at 0018 GMT, down 38 cents from their last settlement. The Organization of the Petroleum Exporting Countries will probably revive talks on freezing oil output levels when it meets non- OPEC nations next month, OPEC sources told Reuters, citing Saudi Arabia's wish for higher prices.