We have made a huge shift away from coal and have gone to natural gas. We're also expanding in nuclear and solar energy, says Thomas Fanning, Southern Company CEO, discussing the company's clean power plan.» Read More
Jonathan Krinsky of MKM Partners gives three reasons why he is bullish on natural gas.
After a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner, analysts said Friday.
*Iraq exports reach 3.08 million bpd in April. LONDON, May 1- Oil prices edged lower on Friday, easing off 2015 highs after Iraq said its crude oil exports hit a record in April, keeping Middle East production well above demand. Brent was down 48 cents at $66.30 a barrel by 1117 GMT.
LONDON, May 1- Crude oil prices edged lower on Friday, hovering near 2015 highs on expectations of tightening global supplies after posting their biggest monthly gain for six years in April. Brent was down 32 cents at $66.46 a barrel by 0836 GMT. U.S. crude was down 10 cents at $59.53, after hitting a 2015 high of $59.85 in post-settlement trading on Thursday.
TOKYO, May 1- Oil futures hovered around 2015- highs on Friday after posting their biggest monthly gains for six years in April, with trading thin as major markets were closed for the May Day holiday. Brent was down 5 cents at $66.73 a barrel by 0528 GMT. U.S. crude was up 8 cents at $59.69, after hitting a 2015- high of $59.85 in post-settlement trading on Thursday.
US crude oil futures closed Friday's session down 48 cents at $59.15 per barrel.
TOKYO, May 1- U.S. crude oil futures were steady around $59.70 a barrel in quiet trade on Friday with many major markets closed for May Day, after posting the biggest monthly gain in six years in April. *U.S. crude for June delivery was 4 cents higher at $59.67 a barrel by 1145 GMT. *OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or...
CORRECTED-REUTERS IN 2016, BRENT CRUDE TO AVERAGE $70.80/ BBL, U.S.
CORRECTED-REUTERS BRENT CRUDE OIL TO AVERAGE $59.40/ BBL IN 2015, VERSUS $59.20 IN MARCH POLL.
April 30- Visa Inc, the world's largest credit and debit card company, reported a slight fall in second-quarter profit as lower crude prices and a strong dollar hurt the company's revenue growth. "The negative impacts from the strengthening of the U.S. dollar and lower gasoline prices continued to exert pressure on revenue growth...," Chief Executive Charlie Scharf...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up again today. Traders say oil seems to be stabilizing around $60, and could hit $70 by the end of the year.
Oil names like Chevron and Exxon Mobil issue dividends that make them steady amid the sector's uncertainty, an analyst said.
April 30- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, on Thursday reported a 55 percent fall in quarterly profit as global crude prices halved. Imperial Oil Chief Executive Rich Kruger said the company, which is 69.6 percent owned by Exxon Mobil Corp, would maintain a cautious spending outlook in the months to come. The company is close to...
WILLISTON, N.D., April 30- Whiting Petroleum Corp, the top oil producer in North Dakota, plans to keep 11 drilling rigs operating through 2016, though it would add "a couple of rigs" if crude prices rise to $70 a barrel, its chief executive said on Thursday. Hess Corp, for example, does not plan to add any rigs this year, while Pioneer Natural Resources Co told Reuters last...
*Brent to average $60, WTI $54.40 in 2015- Reuters poll. *OPEC production hits 2- yr highs in April- Reuters survey. In Thursday's session, Brent was up 60 cents at $66.44 a barrel by 11:12 a.m. EDT.
Oil giants are reporting their earnings this week. Abhishek Deshpande, lead oil market analyst at Natixis, discusses Shell's numbers.
CNBC's Jim Cramer said investors can buy Exxon shares without "getting in trouble," and here's why.
CNBC's Jackie DeAngelis reports natural gas inventories.
It's time for companies to heed the call to invest their cash, says UBS's chief investment officer.
Doug Terreson, ISI Group analyst, breaks down ExxonMobil's better-than-expected quarterly numbers, and provides insight on the energy sector.