Energy Commodities Oil

More

  • Oil Prices

    It is hard to see any coordinated action on production cuts ahead of the informal September OPEC meeting, says Argus Media' Alejandro Barbajosa.

  • International Brent crude oil futures were trading at $47.13 per barrel at 0100 GMT, up 16 cents from their last settlement, and over 10 percent above the last close in July. "Oil posted another... gain as speculation of potential production freezes by OPEC picked up pace. Saudi Arabia signalled that it is prepared to discuss stabilising the markets at informal OPEC...

  • Two oil workers working on drilling rig

    Oil prices hit one-month highs on Monday as speculation intensified over potential producer action to support prices.

  • International Brent crude oil futures were trading at $47.10 per barrel at 0018 GMT, up 13 cents from their last settlement, and over 10 percent above the last close in July. "Oil posted another... gain as speculation of potential production freezes by OPEC picked up pace. Saudi Arabia signalled that it is prepared to discuss stabilising the markets at informal OPEC...

  • Goldilocks Market

    As Asian currencies strengthen, there could be a retreat in export figures which might lead to further easing, reckons Citi Private Bank's Ken Peng.

  • Villagers mill about the dirt streets of the impoverished village of Akaraolu, Nigeria while the two-hundred-foot tall Oshie gas flare looms constantly in the background.

    How much is known about smaller oil nations that play a role in lubricating the world with crude?

  • The Week Ahead

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

  • NEW YORK, Aug 12- Oil rose about 2 percent on Friday, clinching its biggest weekly gains since April, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. U.S. crude settled up $1 at $44.49 after touching its highest level since July 22 at $44.60 per barrel.

  • Is an OPEC production freeze coming?

    Helima Croft, RBC Capital Markets, discusses Saudi Arabia's shift in oil, and whether she thinks an OPEC production freeze is coming.

  • Oil moves higher

    CNBC's Jackie DeAngelis reports on crude's close, live from the NYMEX.

  • Jackie DeAngelis commodity hit

    CNBC's Jackie DeAngelis reports on oil's close and where the commodity may be headed next.

  • Aug 12- U.S. drillers this week added oil rigs for a seventh consecutive week, the longest recovery streak in the rig count in over two years, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel. U.S. crude futures were up almost 2 percent to over $44 a barrel, putting the contract on...

  • NEW YORK, Aug 12- Oil prices were up about 1 percent on Friday, on track for their biggest weekly gains since May, after a short covering rally was triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 56 cents higher at $46.60 at barrel by 1:16 p.m. ET after...

  • Aug 12- U.S. drillers this week added oil rigs for a seventh consecutive week, according to a closely followed report on Friday, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel. U.S. crude futures gained over 2 percent to over $44 a barrel, putting the contract on track for a weekly...

  • Oil rig counts up for 7th week in a row

    Oil rig counts are up for the seventh straight week, CNBC's Brian Sullivan reports.

  • NEW YORK, Aug 12- Oil prices rose about 2 percent on Friday, on track for their biggest weekly gains since late April, amid a short covering rally triggered by comments from Saudi Arabia's oil minister in the previous session about possible action to help stabilize the market. Brent crude futures were 84 cents higher at $46.88 at barrel by 12:30 p.m. ET after...