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Energy Commodities Oil

  • Toronto Stock Exchange

    The Toronto Stock Exchange is vying for the massive Saudi Aramco initial public offering, exchange parent TMX confirmed to CNBC.

  • *Oil futures jump on OPEC stance on output cuts. Oil futures rose after OPEC said it was sticking to its deal to reduce output. The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S.

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher- Sec-Gen. OPEC Secretary General Mohammad Barkindo told an industry conference in London that January data showed conformity from participating OPEC nations with output curbs had been above 90 percent and oil inventories would decline further this year.

  • Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota.

    The "Futures Now" team discusses the volatility in natural gas with Jackie DeAngelis.

  • BAGHDAD, Feb 21- Iraq needs oil prices to reach $60 per barrel to plug its public deficit gap, Prime Minister Haider al-Abadi told a news conference in Baghdad on Tuesday. Brent crude was trading at about $57 per barrel on Tuesday. Iraq is OPEC's second largest producer, after Saudi Arabia.

  • *Oil futures jump on OPEC stance on output cuts. Oil futures rose more than 1 percent after OPEC said it was sticking to its deal to reduce output. The rally in equity markets around the globe, led by Wall Street, has been stoked by hopes of tax cuts, infrastructure spending and looser regulations from U.S.

  • In a research note published Tuesday, Citi analysts say crude oil prices could shoot up to $70 a barrel by the end of 2017.

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher, says Sec-Gen. LONDON, Feb 21- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

  • Pisani: Home Depot is what I call a buyback monster

    CNBC's Bob Pisani looks ahead at what's moving markets this morning including a record high for Home Depot.

  • Calendar spreads for nearby months have tightened sharply since the middle of February to a level that will make storing oil outside the United States unprofitable from the start of the second quarter onwards. The calendar spread from April to May has tightened from a contango of 35 cents per barrel on Feb. 15 to just 17 cents on Feb. 20 and is now trading around 12...

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher, says Sec-Gen. LONDON, Feb 21- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher, says Sec-Gen. LONDON, Feb 21- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

  • Saudi Arabia is favoring New York to list state oil giant Saudi Aramco, while also considering London and Toronto for the prospect of floating the firm.

  • Crude oil prices could jump to $70 a barrel as supply and demand levels continue to rebalance in coming months, say Citi analysts.

  • US shale oil to rise massively in months: Commerzbank

    Eugen Weinberg, MD, head of commodity research at Commerzbank, takes a look at the current state of the oil market, and why the “real action” is taking place outside of OPEC.

  • Adding trolls to Brent oil benchmarks

    Dave Ernsberger, global head of energy at S&P Global Platts, explains why Norway's Troll crude oil will be included in the benchmark from January 2018.

  • TOKYO, Feb 21- Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. West Texas Intermediate crude was up 34 cents, or 0.6 percent, at $53.74 a barrel at 0733 GMT, after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.

  • Robus business growth worldwide: InterContinental CEO

    InterContinental Hotels Group CEO Richard Solomons weighs in on the company's earnings, which reveal "pretty good revenue growth around the world."

  • TOKYO, Feb 21- U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. West Texas Intermediate crude was up 27 cents, or 0.5 percent, at $53.67 a barrel at 0511 GMT, after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.

  • TOKYO, Feb 21- Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. West Texas Intermediate crude was up 31 cents, or 0.6 percent, at $53.71 a barrel at 0218 GMT, after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.