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Energy Commodities Oil

  • Exports to Asia to hit 1.46 mln bpd; exports to Europe to fall. TOKYO, Oct 27- Iran's crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran's oil exports typically hit a low around October...

  • *OPEC supply cut plan faces growing challenges. LONDON, Oct 27- Oil edged above $50 a barrel on Thursday as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut. The market was keeping an eye on escalating protests in Venezuela against the rule of President Nicolas Maduro, although there was no sign...

  • *Violent protests spread in Venezuela. *No. 2 OPEC- producer Iraq says it will not cut output. SINGAPORE, Oct 27- Oil prices rose on Thursday, lifted by concerns over Venezuela's stability as well as by firm demand in Asia, although doubts over OPEC's ability to organize a coordinated production cut still weighed on markets.

  • *Violent protests spread in Venezuela. *No. 2 OPEC- producer Iraq says it will not cut output. SINGAPORE, Oct 27- Oil prices rose on Thursday, lifted by concerns over Venezuela's stability as well as by firm demand in Asia, although doubts over OPEC's ability to organize a coordinated production cut still weighed on markets.

  • *No. 2 OPEC- producer Iraq says it will not cut output. SINGAPORE, Oct 27- Oil prices were stable on Thursday, lingering around $50 a barrel, as doubts over OPEC's ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela's stability offered support. Traders said Brent was struggling on doubts that the...

  • Statoil has been slashing investments, jobs and projects to cope with a 56 percent decline in the price of crude.

  • *No. 2 OPEC- producer Iraq says it will not cut output. SINGAPORE, Oct 27- Oil prices were stable on Thursday, but remained below $50 a barrel, as doubts over OPEC's ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela's stability offered support. Traders said Brent was struggling to break above $50 due to...

  • A liquefied natural gas (LNG) tanker arrives at a gas storage station.

    The LNG veteran says the answer to the glut of natural gas is even lower prices, which he says his new venture Tellurian will supply.

  • An oil worker looks on as flames burn from a gas venting pipe on the Casablanca oil platform, operated by Repsol SA, in the Mediterranean Sea off the coast of Tarragona, Spain, on Tuesday, June 28, 2016.

    Oil edged above $50 a barrel on Thursday, drawing support from sources' comments that OPEC's Gulf members are willing to cut their output.

  • SINGAPORE, Oct 27- Oil prices were below $50 per barrel on Thursday on doubts OPEC will be able to bring together its members and Russia to organise a coordinated crude production cut. Traders said Brent was struggling to break above $50 over doubts that the Organization of the Petroleum Exporting Countries and non- OPEC producers like Russia will be able to...

  • Commodities tomorrow:

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.

  • NEW YORK, Oct 26- Oil settled down more than 1 percent on Wednesday even after a surprise drawdown in U.S. crude inventories, as traders remained cautious that OPEC would be able to cut production come late November. "The focus point from here remains on the OPEC meeting that comes a month from now, with Iran, Libya and Nigeria all looking unlikely to commit to output...

  • NEW YORK, Oct 26- Oil fell more than 1 percent on Wednesday even after a surprise drawdown in U.S. crude inventories, as traders remained cautious that OPEC would be able to cut production come late November. "The focus point from here remains on the OPEC meeting that comes a month from now, with Iran, Libya and Nigeria all looking unlikely to commit to output cuts," said...

  • Cashin:

    CNBC's Bob Pisani and Art Cashin, of UBS, discuss the move in crude.

  • The U.S. has quietly been increasing exports of gasoline, and that is one factor that could be helping reduce the U.S. oil glut on the margin.

  • *After initial rebound, prices remain down on OPEC. NEW YORK, Oct 26- Oil fell 1 percent on Wednesday on growing doubts that OPEC would cut production enough to drain a global glut, although prices bounced off session lows, with Brent returning above $50 a barrel after the U.S. government reported a surprise drawdown in crude inventories. But the rebound was limited...

  • Futures Now: Oil pares earlier losses

    The "Futures Now" team discusses the move in crude oil, and where they see the commodity heading from here.

  • Broken pipework sits at an abandoned oil flow station operated by Royal Dutch Shell Plc in K-Dare, Nigeria, Jan. 13, 2016.

    The Niger Delta Avengers have resumed attacks on Nigeria's oil industry, and analysts say the government has no quick fixes to offer.

  • Oct 26- Wall Street was lower on Wednesday morning as Apple's weak results weighed on technology stocks but a sharp recovery in oil prices limited some losses. Oil prices, which fell to as low as $49.65, were trading at session highs after data showed a surprise draw in U.S. crude inventories. Movement on Wall Street has largely been dictated by corporate earnings...

  • NEW YORK, Oct 26- Oil prices recovered most of their early losses on Wednesday, with Brent returning to above $50 a barrel, after the U.S. government reported a drawdown in domestic crude stocks that extended a trend of unexpected inventory declines this autumn. A preliminary report from trade group American Petroleum Institute on Tuesday suggested a build as...