Iran is offering more flexible terms on oil price fluctuations and investment risks to make the sector attractive, the Financial Times reports.» Read More
U.S. crude's front-month contract had risen 59 cents to $39.19 a barrel by 0115 GMT, after settling down 71 cents, or 1.8 percent, at $38.60 a barrel on Wednesday. Front-month Brent, the global oil benchmark, gained 64 cents to $43.78 a barrel, having ended down 7 cents at $43.14. U.S. crude inventories fell 5.5 million barrels in the week to Aug. 21, the biggest one-week...
Bank of Japan Governor Haruhiko Kuroda says China's economic slowdown should not harm Japan's exports.
While Canadian exports are not heavily dependent on China, the slowdown in the mainland affects broader commodities which causes headwinds for Canada, says Tim Quinlan, VP & economist at Wells Fargo.
Brian Stutland discusses three big oil names that could be cutting in the near future.
Oil has lost a third of its value since June, and well-known oil analyst Stephen Schork doesn't see a reason for it to turn around.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Stephen Schork, Schork Report, weighs in on Schlumberger buying Cameron in a deal and discusses his outlook on consolidation in the energy industry.
NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.
*Wall Street rises but European stocks end down. *China stock indexes give up early gains to close down. NEW YORK, Aug 26- Wall Street was sharply higher on Wednesday while European shares and commodities prices fell as investors balanced strong U.S. economic data and interest rate comments with fears about China's slowing economy.
Mike Kelly, Global Hunter Securities, looks at the impact of $40/barrel oil, and whether we'll see more deals in the energy space.
Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.
After Schlumberger is buying Cameron International. FMHR trader Jon Najarian, provides perspective from the options market. Also, are energy dividends at risk?
NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.
NEW YORK, Aug 26- U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. U.S. crude fell more than 1 percent to below $39 a barrel, nearing the 6-1/ 2- year lows touched earlier this week, and New York...
CNBC's Bertha Coombs reports on the weekly energy inventory report.
CNBC's Kate Kelly discusses oil and gas prices, with Jeff Currie, Goldman Sachs commodities research.
Schlumberger's $14.8 billion acquisition of oil equipment manufacturer Cameron International is a good deal for both parties, analysts tell CNBC.
Kurt Hallead, RBC Capital Markets, talks about Schlumberger's bid for Cameron, and provides his thoughts on other M&A deals in the oil space.
BEIJING, Aug 26- Two of China's major oil companies said on Wednesday that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings. Sinopec Corp, Asia's largest refiner, posted profits of 25.4 billion yuan, down 22 percent from 32.5 billion yuan a year earlier, the company said in a filing with the Hong...
China's Sinopec Corp, Asia's largest refiner, posted a 22 percent fall in first-half profit on a decline in crude prices that hit earnings.