Discussing the environment for currencies and oil with Kathy Lien, B.K. Asset Management managing director of FX strategy, and Jacques Rousseau, ClearView Energy Partners managing director. » Read More
Discussing the Keystone XL Pipeline approval and the outlook for U.S. energy commodities with John Kilduff, Again Captial founding partner and CNBC contributor. » Read More
By: David Reid
A U.K. energy firm has seen shares spike after confirming a large oil find off Scotland's north coast. » Read More
CNBC's Bertha Coombs reports on the oil markets, live from the NYMEX.
HOUSTON, Oct 28- Exxon Mobil Corp, whose oil field assets are being investigated by the U.S. government, warned on Friday it may need to slash proved reserves on its books by nearly 20 percent if oil prices stay low for the rest of 2016.. The news pushed the company's share price down 2.3 percent to $84.93 in afternoon trading, on an otherwise upbeat day that saw Exxon...
CNBC's Bertha Coombs reports on the oil and gold markets reaction to headlines on OPEC and the Hillary Clinton email probe.
*OPEC meeting yet to agree on output-cap plan- sources. But the market's attention remained on disagreements at a meeting in Vienna of the Organization of the Petroleum Exporting Countries, said James L. Williams, energy economist at WTRG Economics in London, Arkansas. "All of the focus prices-wise is on the OPEC meeting right now...
CRUDE DOWN BY $1 AT SESSION LOW OF $48.63 A BARREL, THE LOWEST LEVEL SINCE OCT. 4.
Oct 28- U.S. oil drillers cut rigs this week for the first time since June, ending a 17- week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling. RIG-OL-USA- BHI> That ended the longest streak of not cutting oil rigs since 2011 started after crude briefly climbed over $50 a...
*OPEC, non- OPEC experts start production-cap discussions. Russia thinks output freeze could be short-lived- Interfax. Organization of the Petroleum Exporting Countries experts and counterparts from non-member producers such as Russia started two-day negotiations on Friday on limiting output to curb a global glut that has weighed on markets for two years.
The oilfield services company reported a 38-percent profit decline from a year ago.
HOUSTON, Oct 28- Chevron Corp reported a drop in quarterly profit on Friday that still beat expectations as cost cuts in the company's U.S. oil production division helped mitigate some of the impact of low crude prices. The company posted a third-quarter net income of $1.28 billion, or 68 cents per share, compared with $2.04 billion, or $1.09 per share, in the...
*OPEC, non- OPEC experts start production-cap discussions. *Russia thinks output freeze could be short-lived- Interfax. Experts from the Organization of the Petroleum Exporting Countries and counterparts from other oil-producing nations such as Russia started two-day negotiations on Friday over an output-capping agreement expected to be presented at...
Chevron on Friday reported quarterly earnings of $1.3 billion, or 68 cents a share, on revenues of $30.14 billion.
“We think even without an OPEC deal, prices are headed higher and that’s purely because of fundamentals,” a Barclays oil analyst told CNBC.
*OPEC, non- OPEC experts start production-cap discussions. Experts from the Organization of the Petroleum Exporting Countries and counterparts from other oil-producing nations such as Russia started two-day negotiations on Friday over an output-capping agreement expected to be presented at the end of next month. Brent crude futures were down 35 cents at...
*OPEC, non- OPEC experts start production-cap discussions. LONDON, Oct 28- Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about whether OPEC and non- OPEC oil producers will be able to agree on an output cut big enough to curb a global glut that has weighed on markets for two years. Experts from the Organization of the...
SINGAPORE, Oct 28- Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years. Traders said there was reluctance in the market to move prices too far in either direction given the uncertainty...
The French oil and gas company Total has managed to offset the effects of weak commodity prices by reporting better-than-expected profits in the third quarter of 2016.
Even without an OPEC deal, Barclays oil analyst, Miswin Mahesh, explains why he thinks prices are still going to head higher.
Barclays oil analyst, Miswin Mahesh, says the market is losing hope now when it comes to hopes of an output cut by OPEC.
Saudi Arabia is committed to bringing OPEC together but a 4 percent output cut seems unrealistic, says Credit Suisse's David Hewitt.
The oil market is taking a breather after the past month's rally sparked by hopes of an OPEC output limit.