×

Energy Commodities Oil

  • What's next for big oil?

    CNBC's Jackie DeAngelis reports the outlook for big name energy Dow components Exxon Mobil and Chevron in the post-20K environment.

  • NEW YORK, Jan 25- Oil prices ended less than 1 percent lower on Wednesday after data showed a build in U.S. crude inventories, reinforcing the view that oil prices are range bound, buoyed by expected OPEC production cuts while pressured by U.S. output growth. U.S. crude futures for March delivery settled at $52.75 a barrel, down 43 cents, after earlier dropping to as low...

  • NEW YORK, Jan 25- Oil prices rebounded from early losses on Wednesday to finish flat even after data showed a build in U.S. crude inventories, reinforcing the view that oil prices are range bound, buoyed by expected OPEC production cuts while pressured by U.S. output growth. U.S. crude futures for March delivery settled at $53.18 a barrel, unchanged on the day, after...

  • Jackie DeAngelis oil close

    CNBC's Jackie DeAngelis reports on the close of the oil markets.

  • Harold Hamm

    Pioneering shale driller Harold Hamm had words for a Gazprom executive who cast doubt on the U.S. oil and natural gas industry.

  • NEW YORK, Jan 25- Oil prices rebounded on Wednesday, reversing earlier losses even after data showed a build in U.S. crude inventories, reinforcing traders' sentiment that oil is trapped in a range by expected OPEC production cuts and U.S. output growth. U.S. crude futures for March delivery were up 0.02 cent, or 0.04 percent, to $53.20 per barrel after earlier...

  • NEW YORK, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. Benchmark Brent crude was down 52 cents a barrel at $54.92 by 10:33 a.m. EST. The U.S. government's Energy Information Administration...

  • Build in crude oil inventories

    CNBC's Jackie DeAngelis reports the latest reads on crude oil and gasoline inventories from the EIA.

  • OIL PRICES HOLD LOSSES AFTER EIA DATA SHOWS BUILD IN U.S. CRUDE STOCKS LARGELY IN LINE WITH EXPECTATIONS@ OIL PRICES HOLD LOSSES AFTER EIA DATA SHOWS BUILD IN U.S. CRUDE STOCKS LARGELY IN LINE WITH EXPECTATIONS.

  • Oil workers in the Permian Basin outside Midland, Texas

    Harold Hamm, Continental Resources founder & CEO, discusses the outlook for energy after President Trump signed executive orders on the Keystone XL and Dakota Access Pipelines.

  • North Dakota Senator Heidi Heitkamp

    Disagreements on sourcing and exports could be problematic for Keystone XL's newly expedited approval process, Sen. Heidi Heitkamp says.

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. "The API report was bearish," said Tamas Varga, senior analyst at London brokerage PVM...

  • *EBRD sees Russia's GDP up 1.0-1.5 "in a year or two". WARSAW, Jan 25- Russia's state finances will stay in reasonably good shape if oil prices hold at current levels but Moscow needs structural reforms to improve economic growth, the chief economist at the European Bank for Reconstruction and Development said. "Russia's finances are now in better shape.

  • Sen. Heitkamp: US oil is going to move

    Sen. Heidi Heitkamp, (D-N.D.), discusses her support of President Trump's executive orders on the Keystone XL and Dakota Access pipelines and some of the issues surrounding getting the deal done and the jobs it will create.

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. "The API report was bearish," said Tamas Varga, senior analyst at London brokerage PVM...

  • The logo of OAO Rosneft, Russia's biggest oil producer, sits on a plaque outside the company's headquarters in Moscow, Russia.

    After Russia's biggest privatisations since the 1990s, it still isn't possible to determine the full identities of those who bought it.

  • *OPEC output cuts underpin prices, keeping market in range. LONDON, Jan 25- Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. Benchmark Brent crude was down 40 cents a barrel at $55.04 by 0900 GMT.

  • SINGAPORE, Jan 25- Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude, the international benchmark for oil prices, dropped 24 cents, or 0.4 percent, to $55.20 a barrel by 0740 GMT. The Energy Information Administration...

  • An oil worker stands by a rig near Williston, North Dakota.

    The push by Republicans in the U.S. House of Representatives for a shift to border-adjusted corporate tax (BTA) could push crude prices higher, according to Goldman Sachs.

  • SINGAPORE, Jan 25- Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude, the international benchmark for oil prices, had dropped 15 cents, or 0.3 percent, to $55.29 a barrel by 0228 GMT. The Energy Information...