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Energy Commodities Oil

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  • *OPEC raises 2015 oil demand f'cast; US cuts production outlook. June Brent crude rose 58 cents to $67.44 a barrel by 0624 GMT. U.S. crude was up 64 cents at $61.39, after earlier hitting a high of $61.83.

  • Reducing costs due to low oil prices: Moller Maersk CEO Wednesday, 13 May 2015 | 2:30 AM ET
    Reducing costs due to low oil prices: Moller Maersk CEO

    Moller Maersk CEO, Nils S. Andersen, says the oil division is being hit by low crude prices.

  • *OPEC raises 2015 oil demand f'cast; US cuts production outlook. *Coming up: China industrial output for April by 0530 GMT. June Brent crude rose 44 cents to $67.30 a barrel by 0446 GMT.

  • *OPEC raises 2015 oil demand f'cast; US cuts production outlook. *Coming up: China industrial output for April by 0530 GMT. June Brent crude rose 32 cents to $67.18 a barrel by 0209 GMT.

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol is the largest producer in Colombia's million...

  • US crude settles down 25 cents at $60.50 per barrel Wednesday, 13 May 2015 | 2:30 PM ET
    Workers steadies a section of drill pipe during drilling operations.

    U.S. oil futures closed down 25 cents at $60.50 a barrel despite crude stockpiles slipping for a second straight week.

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol said its latest results and comparative year-ago...

  • SINGAPORE, May 13- Oil prices rose in early trading on Wednesday after OPEC raised its consumption forecast and the U.S. government lowered its 2015 and 2016 crude output growth forecasts. Saudi-led air strikes in Yemen raised fears over the security of oil supplies in the Middle East. *In Yemen, Saudi-led air strikes aimed at Iran- allied Houthis killed 90 people...

  • What would it take to free U.S. oil exports? Tuesday, 12 May 2015 | 7:32 PM ET

    However, Senator Lisa Murkowski, the Republican head of her chamber's energy committee, is expected to introduce a bill as soon as Tuesday night that would lift the ban Congress passed in 1975 after the Arab oil embargo created fears of global shortages. While there is plenty of resistance in Congress against lifting the ban, the prospects for a reversal could...

  • Crude pops above $60 Tuesday, 12 May 2015 | 5:16 PM ET
    Crude pops above $60

    The "Fast Money" traders dig into oil fundamentals, production and demand, and Goldman Sachs' forecast.

  • *Saudi air offensive in Yemen feeds concern over Mideast crude. NEW YORK, May 12- Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth. Violence in Yemen also boosted crude prices, raising concerns over the security of Middle East...

  • Commodities tomorrow: Crude ends up Tuesday, 12 May 2015 | 4:00 PM ET
    Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC rebuffed the WSJ report saying prices would stay low. And fighting continued in Yemen.

  • WTI closes above $60 Tuesday, 12 May 2015 | 2:33 PM ET
    WTI closes above $60

    CNBC's Jackie DeAngelis tracks oil's action into the close. Saudi Arabia airstrikes boost the commodity.

  • Goldman Sachs: Oil price dip ahead Tuesday, 12 May 2015 | 2:05 PM ET
    Goldman Sachs: Oil price dip ahead

    Discussing Goldman Sachs' warning on oil and where the commodity is headed, with Ken Sill, Global Hunter Securities.

  • Oil rally's winners and losers, country by country Tuesday, 12 May 2015 | 12:05 PM ET
    Oil fracking

    The recent rally in oil has forecasters tweaking their models to see what a sustained price recovery might look like.

  • Charts and fundamentals agree on oil Tuesday, 12 May 2015 | 12:00 PM ET
    Charts and fundamentals agree on oil

    Technical analyst Rich Ross explains why we could see a pullback in oil to $53 a barrel.

  • BRENT CRUDE UP $2 A BARREL AS MARKET EXTENDS RALLY ON OPEC DEMAND FORECAST, WEAK DOLLAR.

  • Global oil demand expectations rise: OPEC Tuesday, 12 May 2015 | 11:41 AM ET
    A worker at the Nahr Bin Umar field, Iraq.

    In a monthly report released Tuesday, OPEC raised its 2015 global demand growth forecast to 1.18 million barrels per day.

  • CRUDE PRICES EXTEND GAINS AFTER OPEC RAISES WORLD OIL DEMAND GROWTH FORECAST.

  • OPEC: No draft plan to bring back production quotas Tuesday, 12 May 2015 | 8:48 AM ET
    OPEC headquarters in Vienna.

    OPEC insists it has not drafted a plan that contains a pessimistic price scenario and seeks production quotas.