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Energy Commodities Oil

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  • CRUDE DOWN $1 A BARREL.

  • Pickens: Saudis bluffing on oil production Thursday, 4 Jun 2015 | 9:04 AM ET
    T. Boone Pickens.

    T. Boone Pickens says Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by year end.

  • Jordan energy sector in 'transformation' Wednesday, 3 Jun 2015 | 7:00 PM ET
    Jordan energy sector in 'transformation'

    The chairman of Jordanian business and energy association Edama tells CNBC that Jordan's energy sector is facing a major transformation.

  • Boone Pickens: Fighting oil's decline curve Thursday, 4 Jun 2015 | 7:35 AM ET
    Boone Pickens: Fighting oil's decline curve

    Boone Pickens, BP Capital, shares his outlook on oil prices. And former Dallas Fed President Richard Fischer, weighs in.

  • OPEC has yet to win the fight against shale Thursday, 4 Jun 2015 | 7:33 AM ET

    It's too soon for Saudi Arabia to take its victory bow. The decision not to cut has failed to bring frackers to their knees.

  • Is the bottom in for oil? Thursday, 4 Jun 2015 | 6:12 AM ET
    Is the bottom in for oil?

    CNBC's Jackie DeAngelis reports the latest results from a CNBC survey on oil prices.

  • OPEC ministers meet in Vienna Thursday, 4 Jun 2015 | 6:10 AM ET
    OPEC ministers meet in Vienna

    CNBC's Stephen Sedgwick provides a preview of OPEC's international seminar attended by energy ministers, oil company executives, and academic experts.

  • The geopolitical impact on oil instability Thursday, 4 Jun 2015 | 4:50 AM ET
    The geopolitical impact on oil instability

    Valerie Marcel, associate fellow at Chatham House, explains why there's "much less of a connection" between oil and geopolitics than there used to be.

  • VIENNA, June 4- The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S. firm ConocoPhillips told a seminar organised by oil-producing group OPEC. OPEC chose instead to fight for market share, betting that a price drop would depress output in higher-cost producers such...

  • Don't deny it, we will need more oil: Chairman Thursday, 4 Jun 2015 | 4:10 AM ET
    Don't deny it, we will need more oil: Chairman

    Discussing production levels, Gary Ross, executive chairman and head of global oil at PIRA Energy Group, says Iranian oil won't hit the market until 2016.

  • UPDATE 4-Oil prices slip ahead of OPEC meeting Thursday, 4 Jun 2015 | 4:28 AM ET

    *OPEC expected to keep oil production high, roll over target. LONDON, June 4- Oil prices slipped on Thursday ahead of a key OPEC meeting to decide production policy at a time of huge global oversupply. "A roll-over in OPEC's production target is built into prices," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.

  • *Global crude glut remains as OPEC seen keeping output high. SINGAPORE, June 4- Oil prices fell on Thursday as a large crude glut overshadowed strong global fuel demand ahead of a meeting on Friday in which OPEC looks to be unlikely to change its production quota. Energy advisory Wood Mackenzie said on Thursday it was unlikely OPEC would agree to cut output at its...

  • Time to reject oil's 'new normal'? Thursday, 4 Jun 2015 | 2:05 AM ET
    Time to reject oil's 'new normal'?

    CNBC's Steve Sedgwick reports from the OPEC meeting in Vienna. He explains why he doesn't like the idea of a new normal when it comes to oil prices.

  • Forget OPEC: For oil markets, sentiment is king Thursday, 4 Jun 2015 | 1:58 AM ET

    Whatever OPEC decides this week, sentiment will be the key driver of oil markets - as it has been so many times before.

  • Why the OPEC meeting could be a big yawn Thursday, 4 Jun 2015 | 12:40 AM ET
    Why the OPEC meeting could be a big yawn

    Vandana Hari, Asia editorial director at Platts, says markets are expecting the Organization of the Petroleum Exporting Countries (OPEC) to hold output levels steady.

  • Is $60 the new normal for oil? Thursday, 4 Jun 2015 | 12:23 AM ET
    The Fawley oil refinery and Hamble oil terminal are seen on January 7, 2015 in Southampton, England.

    Weak global economic growth momentum and a supply glut will cap oil prices at around $60 for the rest of 2015 and into 2016, analysts say.

  • *Global crude glut remains as OPEC seen keeping output high. Front-month Brent futures were down 16 cents at $63.64 per barrel by 0300 GMT. Energy advisory Wood Mackenzie said that it was very unlikely that OPEC would agree to cut output at its June 5 meeting and that it expected the group's crude output to remain just above its 30 million bpd production ceiling...

  • Workers for Raven Drilling work twelve hour days fourteen days straight, staying at a camp nearby, followed by fourteen days.

    Rising European bond yields raised concern that the availability of speculative money that had been invested in oil could dry up.

  • SINGAPORE, June 4- Oil prices edged up on Thursday as strong global fuel demand and a sliding dollar overshadowed a large crude glut that had helped pull down the market by 3 percent in the previous session. Front-month Brent futures were up 15 cents from their last settlement to $63.95 a barrel by 0121 GMT on Thursday. Goldman Sachs said that Europe's high diesel...

  • *Front-month U.S. crude futures were at $59.67 per barrel at 0000 GMT on Thursday, up 3 cents from their last settlement. *With Brent prices weighed by OPEC's oversupply and U.S. prices supported by the peak demand season and lower stocks, Brent's premium over U.S. contracts has fallen to just over $4 per barrel, down from almost $8.50 in mid-April.