Energy Commodities Oil


  • U.S. Secretary of Energy, Ernest Moniz

    The U.S. is in a "real" natural gas revolution as coal is struggling, according to U.S. Secretary of Energy Ernest Moniz.

  • WTI's outlook has deteriorated since as stockpiles of crude mounted across the United States, especially in Cushing, Oklahoma, the delivery point for the U.S. crude futures. "The Brent trade remains surprisingly stout in continuing a sideways or consolidation phase that is approaching one month in duration," said Jim Ritterbusch, president at Chicago- based oil...

  • TORONTO, Feb 24- Canada's main stock index fell to a one-week low on Wednesday as weaker-than-expected bank earnings dragged down financial stocks, but higher crude oil prices helped pare some of the losses, providing support for energy stocks. RBC, Canada's second-largest lender by assets, was hurt by weakness in its insurance and capital markets businesses,...

  • RBC CEO: Threats to my business model

    Royal Bank of Canada CEO Dave McKay joins Closing Bell to discuss his company profits and his business strategy going forward.

  • Sea change for natural gas

    CNBC's Jackie DeAngelis looks at the natural gas industry and energy markets as Cheniere Energy readies the first export of natural gas from the lower 48 states.

  • *Global gauge of stocks drops, but Wall St edges higher. NEW YORK, Feb 24- A sharp rebound in crude prices lifted stocks on Wall Street on Wednesday, but a gauge of equities across the globe fell on lingering concern about economic growth. "As much as it frustrates people, the reality is are incredibly highly correlated and they have been really going back to November,"...

  • *Venezuela says OPEC, non- OPEC nations planning March meeting. NEW YORK, Feb 24- Oil rallied as much as 3 percent on Wednesday with Brent prices helped by news of stalled loadings for the U.K.' s North Sea oil while U.S. crude futures rose after strong demand for gasoline offset worries about record high crude inventories. Some traders bet Brent and U.S. crude futures...

  • Was the rally a reflex bounce?

    CNBC's Michael Santoli looks at the markets in the last hour of trading.

  • Feb 24- U.S. stocks were mixed on Wednesday as investors focused on banks' vulnerability to decade-low oil prices that have left energy companies struggling to pay their debts and a rise in Apple propped up the S&P 500.. Crude prices near 2003 lows have hammered the earnings of U.S. energy companies, exacerbated fears of a slowing global economy and created...

  • Trading Nation: Making sense of the market

    Boris Schlossberg of BK Asset Management and Chad Morganlander of Stifel Nicolaus discuss market conditions with Melissa Lee.

  • Cheniere's nat gas bet

    Discussing future demand of liquefied natural gas, and the company's first commercial export from the lower 48 U.S. states, with Neal Shear, interim President and CEO of Cheniere Energy.

  • CSL's Leykum: Devastating times in the oil industry

    Brian Sullivan sits down with CSL Capital Management's Managing Partner, Charles Leykum, to discuss volatility in the oil markets today.

  • Canada's Natural Resources Minister Jim Carr (R) speaks during a news conference with Environment Minister Catherine McKenna in Ottawa, Canada, January 27, 2016.

    With Canadian benchmark crude near record lows, Canada's minister of natural resources, Jim Carr, sees investment opportunities in the country.

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. NEW YORK, Feb 24- Oil prices rose 3 percent on Wednesday as strong U.S. gasoline demand offset worries over record high crude stockpiles, while some traders bet the market will return lower on OPEC's stubbornness in not cutting output. Brent crude futures, the global benchmark, were up $1.20 at $34.47 a barrel...

  • *Big banks fall; weigh on financial sector. *JP Morgan down after signalling rough first quarter. Feb 24- U.S. stock indexes were lower on Wednesday, dragged down by financial stocks, as plunging oil prices, low interest rates and turbulent global markets take a toll on banks.

  • Workers change a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex) in the Ku-Maloob-Zaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico.

    Mexico will cut costs as part of the new reality in the oil market while seeking foreign investors to fund drilling projects.

  • Restaurateur Danny Meyer discusses how he see consumers and their habits right now compared to moves in the stock market.

  • NEW YORK, Feb 24- Stocks across the globe fell on Wednesday on concerns over economic growth but were off their session lows after crude oil futures turned higher following U.S. data. "For the near-term, volatility stays and will hinge on what happens in the crude market," said Ernie Cecilia, chief investment officer of Bryn Mawr Trust in Devon, Pennsylvania.

  • NEW YORK, Feb 24- Stocks across the globe fell the most in three weeks on Wednesday, tracking oil prices lower, while the first contraction in the U.S. services sector since October 2013 weighed further on financial stocks. Crude futures prices dropped after Saudi Arabia ruled out production cuts and an industry report said U.S. crude stockpiles hit record levels,...

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. LONDON, Feb 24- Oil fell below $33 a barrel on Wednesday after Saudi Arabia ruled out production cuts and U.S. crude inventories rose, though a decline in U.S. gasoline stocks limited losses. OPEC and non- OPEC producers who support the idea are planning a mid-March meeting, his Venezuelan counterpart said.