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Energy Commodities Oil

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling U.S. supplies. Brent crude futures fell 6 cents to...

  • Pipeline drama dates way, way back

    Pipeline protests at Standing Rock are rooted in a 200 year-old legal battle.

  • Oil prices touch three-month lows

    Despite OPEC's efforts to curb crude oil output, rising inventories in the US and drilling activity are dragging down investor spirits.

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over OPEC's efforts to restrict crude output and reduce a global glut. Brent crude futures fell 7 cents to $51.30 a barrel by...

  • A worker stands at a pipeline, watching a flare stack at the Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali ('empty quarter') desert in Shaybah, Saudi Arabia.

    Oil could easily hit 2016 lows. Here's what could crater the market, says John Kilduff.

  • *Canadian dollar at C $1.3450, or 74.35 U.S. cents. TORONTO, March 13- The Canadian dollar edged higher on Monday against its U.S. counterpart as prices of oil reversed earlier losses, while investors braced for an expected U.S. interest rate hike this week. trading at C $1.3450 to the greenback, or 74.35 U.S. cents, slightly stronger than Friday's close of C $1.3463, or...

  • LONDON, March 13- Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. Hedge funds still held a net long position in the three major Brent and WTI futures and options contracts amounting to 874 million barrels at the close of business on March 7.

  • LONDON, March 13- Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Brent crude was down 7 cents on the day, at $51.30 a barrel by 1202 GMT, having hit a session trough of $50.85, its lowest level since Nov. 30. West Texas Intermediate crude fell 15 cents to $48.34...

  • LONDON, March 13- Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Brent crude was up 4 cents on the day, at $51.41 a barrel by 0953 GMT, having hit a session trough of $50.85, its lowest since Nov. 30. West Texas Intermediate crude fell 5 cents to $48.44 a barrel.

  • Gasoline glut pressures oil prices as crude falls under $50

    CNBC's Jackie DeAngelis reports gasoline storage is reaching levels not seen in 27-years and those stockpiles are putting downward pressure on crude.

  • Russia bringing stability to global oil market: Strategist

    Vladimir Shmatovich, head of strategy at TMK Group, discusses the global oil environment as prices fall to a three-month low on a rising U.S. rig count.

  • A customer prepares to pump gasoline into her vehicle at a Chevron gas station in San Rafael, California.

    Trilby Lundberg said that despite the rise, gas prices are poised to dip slightly because crude oil costs are falling and refinery production is strong.

  • Lot of enthusiasm for

    CNBC's Gemma Acton discusses news that Wood Group has offered to buy Amec Foster Wheeler for £2.2 billion.

  • ‘Supply is naturally declining’: Managing director on oil

    Stephane Foucaud, managing director of institutional research at GMP FirstEnergy, comments on the emergence of technology in the oil sector, and when the glut could eventually go.

  • Aramco needs high oil price due to IPO: GMP FirstEnergy

    Stephane Foucaud, managing director of institutional research at GMP FirstEnergy, comments on the Saudi Aramco IPO while commenting on the outlook for OPEC and oil prices.

  • SEOUL, March 13- Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude was down 11 cents, or 0.21 percent, at $51.26 per barrel by 0755 GMT, its lowest since Nov. 30. West Texas Intermediate crude declined 19 cents, or 0.39 percent, to $48.30 a barrel, also the lowest...

  • SEOUL, March 13- Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude had fallen 39 cents, or 0.8 percent, to at $50.98 per barrel by 0553 GMT, its lowest since Nov. 30. West Texas Intermediate crude declined 45 cents, or 0.9 percent, to $48.04 a barrel, also the...

  • SEOUL, March 13- Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude had fallen 35 cents, or 0.68 percent, to its lowest since Nov. 30 at $51.02 per barrel by 0231 GMT. OPEC and other major oil producers including Russia reached a landmark agreement late last...

  • OPEC members led by Saudi Arabia have reported nearly full compliance with output cuts announced last November, though performance remains very uneven across the group. OPEC enlisted support from 11 other countries to spread the burden of rebalancing and protect its market share but compliance from non- OPEC countries has been much lower.

  • Oil pumps wells Monterey Shale fracking

    Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset OPEC's efforts to restrict output.