US crude rose after an expected draw in US crude inventories indicated buoyant demand for oil, although a strengthening dollar capped price gains.» Read More
A return of Iran's oil supply, alongside a surge in U.S. shale oil production, will have downward effects on oil prices, says David Hewitt, co-head of Global Oil & Gas Equity Research at Credit Suisse.
SINGAPORE, May 18- Oil prices rose slightly in early Monday trading on supply concerns in the Middle East following fighting in Iraq and Yemen, although signs of strengthening U.S. production capped stronger gains. Price were supported by concerns that conflict in Iraq as well as Saudi attacks on Yemen could disrupt production or supply routes.
NEW YORK, May 15- Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn's $11 billion Greenlight Capital increased its stake in Consol...
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. Retailers report earnings this week. And Tim Cook gives the commencement speech at George Washington University in D.C.
WILLISTON, N.D., May 15- Oil and gas producer WPX Energy Inc would add one or two drilling rigs in North Dakota if WTI oil prices stabilized around $65 per barrel, Chief Executive Rick Muncrief told Reuters on Friday. The forecast falls in line with U.S. shale peers, several of whom have pointed to $65 to $70 per barrel as the range in which they would add rigs and ramp up...
Inside hedge fund manager Seth Klarman's investments, with CNBC's Brian Sullivan and Kate Kelly.
*OPEC pumps 2 million bpd more than needed. NEW YORK, May 15- Brent rebounded from Friday's early weakness while U.S. crude held to losses as traders and investors debated whether oil's rally over the past month and a half should continue amid stubbornly high supplies. "A mood change is in the air," Eugen Weinberg, global head of oil and commodities research at...
Michael Cohen, Barclays, discusses increasing oil production around the world, and price movements in energy.
*OPEC pumps 2 million bpd more than needed. *Coming Up: Baker Hughes oil rigs data at 1700 GMT. "A mood change is in the air," Eugen Weinberg, global head of oil and commodities research at Commerzbank in Frankfurt, told the Reuters Global Oil Forum.
OIL PRICES EXTEND LOSSES IN EARLY NEW YORK TRADE, U.S.
There are 11 companies where analysts have boosted their profit forecasts for the second quarter, USA Today reports.
SandRidge Energy stock tumbled with news the company agreed to a debt-share exchange.
Phil Racusin, EnergyFunders CEO, discusses why his company is financing drilling opportunities in small oil.
Tim Hopper, chief economist at TIAA-CREF, explains why he believes the U.S. economy truly is in a "quandary" right now.
*OPEC pumping 2 million bpd more than needed. *Coming Up: Baker Hughes oil rigs data at 1700 GMT. "A mood change is in the air," Eugen Weinberg, global head of oil and commodities research at Commerzbank in Frankfurt, told Reuters Global Oil Forum.
*Coming Up: Baker Hughes weekly oil rigs data. June West Texas Intermediate futures were down 17 cents at $59.71 a barrel as of 0437 GMT. July Brent crude fell 17 cents to $66.53 a barrel.
US oil closed lower on Friday but managed to end the week slightly higher, marking its ninth straight weekly gain.
SINGAPORE, May 15- Oil prices were little changed on Friday but set to end the week slightly higher despite ample supply, buoyed by a weaker dollar, forecasts of lower U.S. crude output and a pick-up in global demand. June West Texas Intermediate futures were down 13 cents at $59.75 a barrel as of 0145 GMT. July Brent crude edged up 3 cents to $66.73 a barrel.
There are potentially very large resources in the Arctic, so the current oil price is somewhat irrelevant, the Shell Oil president said.
President Obama approved oil drilling in the waters of the Arctic. Discussing the exploration in Alaska, with Marvin Odum, Shell Oil president.