×

Energy Commodities Oil

More

  • Former billionaire Eike Batista waits inside a court for the start of his insider-trading trial in Rio de Janeiro, Brazil, on Tuesday, Nov. 18, 2014.

    Eike Batista, once Brazil's richest man, was detained in connection to charges including an alleged $16 million bribe to a former governor.

  • LONDON, Jan 30- Hedge funds seem to be quietly positioning for the possible imposition of a border tax adjustment on imports of crude oil into the United States. In the two weeks between Jan. 10 and Jan. 24, hedge funds added 62 million barrels of extra long positions in WTI while cutting long positions in Brent by 6 million barrels. The increased exposure to WTI...

  • Marine veteran Troy Therrien, 46, from Sturgeon Bay, Mich., takes part in a march with other veterans and activists outside the Oceti Sakowin camp where "water protectors" continue to demonstrate against plans to pass the Dakota Access pipeline adjacent to the Standing Rock Indian Reservation, near Cannon Ball, N.D.

    Veterans Stand's efforts include developing the capability to quickly deploy thousands of veteran volunteers to Standing Rock.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 24 cents at $55.28 a barrel at 1438 GMT, while U.S. crude futures traded down 25 cents at $52.92. "Oil prices are down because of the rise in the U.S. rig count," said Tamas Varga, analyst at PVM Oil Associates in London.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 5 cents at $55.47 a barrel at 1226 GMT, while U.S. crude futures traded up 9 cents at $53.26. First indications of compliance to that deal show that members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, a company that tracks...

  • Oil industry eyes details of border tax hit

    CNBC's Jackie DeAngelis takes a look at what's at stake for the energy industry if the U.S. imposes an import tax on oil.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 25 cents at $55.26 a barrel at 1010 GMT, while U.S. crude futures slipped 8 cents to $53.09. He also added that Petro-Logistics' report that OPEC members had cut production by 900,000 barrels per day in January was "not very encouraging" because it implied that only 75...

  • *OPEC cuts will quickly reduce global crude inventory- ANZ. TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing production in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery had dropped 28 cents to $55.24 a barrel by 0657 GMT, after settling down 72 cents on...

  • *OPEC cuts will quickly reduce global crude inventory- ANZ. TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery had dropped 28 cents to $55.24 a barrel by 0417 GMT, after settling down 72 cents on Friday.

  • LONDON, Jan 27- Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017.. Hedge funds and other money managers have amassed net long positions equivalent to 160 million barrels in calendar spread options on the New York Mercantile Exchange. Economist Holbrook Working explained the...

  • A worker on a an oil drill near New Town, North Dakota.

    The number of active U.S. oil rigs rose to the highest since November 2015 last week, according to Baker Hughes data.

  • TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers. London Brent crude for March delivery was down 26 cents at $55.26 a barrel by 0005 GMT after settling down 72 cents on Friday. "However we expect the reductions being made by OPEC will...

  • CRUDE DOWN 0.4 PCT AFTER TRUMP INTRODUCES IMMIGRATION CURBS.

  • *OPEC- led group aims for 1.8 million bpd cut in first half. NEW YORK, Jan 27- Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, prompting investor concern about how effective OPEC and other producers will be at supporting prices by cutting supplies. "Supply is a big factor right now and you have the U.S....

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • The Week Ahead:

    CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

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

    Icahn will advise the president on regulations, including a rule change that would benefit his investment in the refiner

  • Jan 27- U.S. energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production that has kept crude prices over $50 a barrel since early December. U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. U.S. crude futures were trading...

  • *OPEC- led group aims for 1.8 million bpd cut in first half. NEW YORK, Jan 27- Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, easing the focus on efforts by OPEC and other producers to support prices by cutting supplies. U.S. crude futures for March delivery fell 98 cents, or 1.8 percent, to $52.80 a barrel at...

  • Chevron CEO John Watson

    Chevron CEO John Watson says he agreed with President Trump that a GOP border tax proposal is perhaps too "complicated."