Energy Commodities Oil


  • Oil Louisiana

    The impact of low oil prices and energy layoffs is reverberating across Louisiana — and being felt acutely in the bayou.

  • *Canadian wildfire and Nigeria attacks add support. A wildfire that has shrunk Canadian oil sands crude production by a third and reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region also supported prices, analysts said. "The global surplus still exists and there is still a possibility that oil prices could retrace...

  • *Evacuated workers, citizens moved from north of Fort McMurray. NEW YORK, May 6- Canadian crude prices stabilized in thin trading on Friday following a two-day rally as a wildfire in northern Alberta kept nearly one-third of Canadian oil sands production shuttered, with no real clarity on when production would resume. "Clearly, while the disruptions last, they...

  • Louisiana drillers face major cuts

    CNBC's Brian Sullivan reports from Louisiana about how the state's oil and gas industry is hurting and how unemployed workers are turning to another big industry there: fishing, shrimping and crabbing.

  • Stocks pare early losses

    CNBC's Bob Pisani looks ahead at earnings and oil and says "it's all about the search for a bottom."

  • LAGOS, May 6- Nigeria's 2016 budget assumes oil production of 2.2 million barrels per day at 38 dollars a barrel, the budget minister said on Friday, shortly after President Muhammadu Buhari signed the delayed bill into law.

  • Oil's crude realities in the bayou

    CNBC's Brian Sullivan reports on how lower oil production has impacted local communities in Louisiana, a state that lost nearly 12 thousand jobs.

  • TAN Trucking company owner Ted Nelson talks to J&C Custom Trucking parts manager Gary Bliss about the challenge of running an oil field company during a slowdown in North Dakota.

    As analysts vie to produce the most bearish oil price forecast, one pro has raised the game, telling CNBC that crude might fall below $10 per barrel within the next 10 years.

  • Oil price could still go lower: CEO

    Longview Economics CEO, Chris Watling explains why the rally the market is seeing in oil is more a relief rally than a permanent one.

  • SINGAPORE, May 6- Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. International benchmark Brent crude futures were trading at $44.75 per barrel at 06.45 GMT, 26 cents...

  • SINGAPORE, May 6- Oil prices dipped on Friday, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations. International benchmark Brent crude futures were trading at $44.73 per barrel at 0400 GMT, 28 cents below their last settlement.

  • Oil workers make a pipe connection on a drilling rig near Encinal, Texas.

    U.S. oil rose Friday as the dollar softened, but ended lower for the week, snapping a four-week winning streak.

  • NEW YORK, May 5- Canadian crude prices rallied on Thursday as a raging wildfire in northern Alberta shuttered nearly one-third of the nation's oil sands production and closed some pipelines, raising concerns about temporary shortages of feedstock to U.S. refineries. The massive fire forced all 88,000 residents of Fort McMurray, home to thousands of oil sands...

  • Mad Money 1

    Mad Money host Jim Cramer is hoping for the right amount of growth reflected in nonfarm payroll data on Friday. Otherwise, it could unleash the market beast.

  • *S&P 500 erases earlier gains. NEW YORK, May 5- U.S. shares erased earlier gains on Thursday after oil prices eased from their highs, removing some support from energy shares and risk appetite, while benchmark Treasury yields hit more than two-week lows ahead of the April U.S. employment report due Friday. U.S. crude prices jumped by more than 5 percent before paring...

  • Pro: WTI up on fire impact

    Kyle Cooper, IAF Advisors President and ION Energy Group Consultant, talks about how the wildfires in Canada are affecting the oil market.

  • Fire disrupts oil production

    Jeffrey Grossman, BRG Brokerage President, speaks about how the price of oil is being affected by the wildfires raging in Canada.

  • *Wildfire razes Canadian oil town; some pipelines to U.S. shut Fighting in Libya escalates, disrupting supplies. NEW YORK, May 5- Oil prices jumped about 2 percent on Thursday, resuming their rally from last week, as a raging wildfire cut production from Canada's oil sands region and escalating Libyan violence raised more worries about immediate oil supplies than...

  • A Heckmann Water Resources treatment plant that separates oil, sediment and water mixed during the hydraulic fracturing process, near Shreveport, Louisiana.

    Louisiana's finances were already in doubt when oil prices came crashing down, and now energy layoffs are denting income and tax revenue.

  • *S&P 500 gains after two days of losses. NEW YORK, May 5- U.S. and European stock markets recovered on Thursday after a rebound in oil prices boosted energy shares, with some strong European earnings reports also supporting stocks in the region, while the dollar rose ahead of Friday's U.S. employment data. Oil prices jumped 2 percent as a huge wildfire near Canada's...