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Energy Commodities Oil

  • SINGAPORE, Dec 23- Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. Brent futures for February delivery dropped 23 cents, or 0.4 percent, to $54.82 a barrel as of 0425 GMT after ending the previous session up 1.1 percent. Oil prices are also weaker...

  • An oil pumpjack operates near Williston, North Dakota.

    Oil fell below $55 as higher Libyan output threatened to counter some of the supply cuts planned by OPEC.

  • West Texas Intermediate crude fell 31 cents to $52.64 a barrel as of 0127 GMT after settling 46 cents, or 0.9 percent, up in the previous session. Brent futures for February delivery dropped 30 cents to $54.75 a barrel after ending the previous session up 59 cents, or 1.1 percent. "I think it is the usual reversal of fortunes that exist in the Asian time zone after the...

  • NEW YORK, Dec 22- Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output. West Texas Intermediate crude settled up 46 cents, or 0.9 percent, to $52.95 a barrel. Brent futures for February delivery settled up 59 cents to $55.05, or 1.1 percent.

  • *OPEC, Russia expected to abide by pact to cut output. NEW YORK, Dec 22- Oil prices rose in quiet trading on Thursday, supported by strong U.S. economic data, a pause in the U.S. dollar rally and optimism that crude producers would abide by an agreement to limit output. Brent futures for February delivery rose by 63 cents to $55.09, or 1.2 percent, per barrel by 1:36 pm ET,...

  • President Barack Obama views Bear Glacier on a boat tour of Kenai Fjords National Park in Seward, Alaska September 1, 2015.

    The pro-business group says it may challenge President Barack Obama's move to put some U.S. waters off limits to oil and gas drilling.

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

    "It's almost ridiculous to say, I'm going to give my opinion to Donald, but I shouldn't own stocks," billionaire investor Icahn tells CNBC.

  • *OPEC, Russia expected to abide by pact to cut output. LONDON/ NEW YORK, Dec 22- Oil prices rose in quiet trading on Thursday, supported by strong U.S. economic data, a pause in the U.S. dollar rally and optimism that crude producers would abide by an agreement to limit output. Brent futures for February delivery rose by 75 cents to $55.21, or 1.3 percent, per barrel by...

  • Natural gas inventories down 209B cubic feet

    CNBC's Jackie DeAngelis reports the latest natural gas inventories from the EIA.

  • *OPEC, Russia expected to abide by pact to cut output. The gains were curbed by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months. Brent futures for February delivery rose by 34 cents to $54.80 a barrel by 1430 GMT, having finished 89 cents lower on Wednesday.

  • CAIRO, Dec 22- Egypt's Petroleum Minister Tarek El Molla said on Thursday his country was seeking to reach an agreement with Iraq over importing crude oil directly and that he hoped to finalize the deal by the first quarter of 2017.. El Molla told reporters on the sidelines of a meeting of the Organization of Arab Petroleum Exporting Countries that Egypt aims to...

  • *OPEC, Russia expected to abide by pact to cut output. LONDON/ SINGAPORE, Dec 22- Oil prices slipped in tepid trading on Thursday, pressured by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months. Brent futures for February delivery fell by 20 cents to $54.26 a barrel by 1200 GMT, having finished 89 cents lower...

  • Saudi Arabia working with a new normal

    CNBC's Hadley Gamble discusses what to expect from Saudi Arabia's budget, and how it may demonstrate the economy's attempt to move away from oil dependence.

  • Lower oil prices weigh on Saudi deficit

    Saudi Arabia is set to curb its domestic energy subsidy while boosting investment to support its wider economy. CNBC’s Hadley Gamble has the details.

  • SINGAPORE, Dec 22- Oil prices slipped in tepid Asian trading on Thursday, dragged down by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months. Brent futures for February delivery had fallen 4 cents to $54.42 a barrel by 0642 GMT, having previously finished 89 cents lower. West Texas Intermediate crude...

  • Brent futures for February delivery climbed 18 cents to $54.64 a barrel as of 0423 GMT, having previously finished 89 cents lower. West Texas Intermediate crude rose 15 cents to $52.64 a barrel, after closing the previous session down 81 cents. "We're pretty close to the closing level- it'll be interesting to see if the upward momentum is maintained as the Europe...

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Oil prices nudged higher, supported by a weaker dollar and optimism that producers would abide by an agreement to curb output.

  • Brent futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents lower. "We're pretty close to the closing level- it'll be interesting to see if the upward momentum is maintained as the Europe and U.S. sessions open up," said Ric Spooner, chief market analyst at CMC Markets in Sydney. "It is a safe assumption particularly in...

  • Oil won't get much above $50: Expert

    Demand and supply problems are likely to cap the run-up in oil prices, says Richard Martin at IMA Asia.