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International Organizations OPEC


  • Word on the Street Monday, 28 Mar 2011 | 5:00 PM ET
    Word on the Street

    Oil pulls back on Libyan rebel successes, while explorers and refineries rise. At the same time, coal stocks slide after Goldman downgrades Peabody. And smaller telecom stocks make a big comeback after the AT&T/T-Mobile marriage, with Will Power, RW Paird analyst, CNBC's Melissa Lee and the Fast Money traders.

  • Fresh Protests in Bahrain Strain Businesses, Markets Monday, 28 Mar 2011 | 11:55 AM ET
    Young Indian Muslims pose with placards during a protest rally against the ongoing political turmoil in Bahrain, Libya, and Yemen.

    Fresh reports of violent clashes and midnight raids taking place over the weekend did nothing to stifle a steady stream of traffic through Bahrain's financial district Monday, nor did the continued presence of foreign troops and tanks keep business from re-opening their doors.

  • The general consensus is that prices above $3.500 begin to cause not insignificant demand destruction. Yet the latest vehicle miles travelled data suggests that demand elasticity begins to wane much earlier.

  • Schork Oil Outlook: Panic for WTI Bulls? Friday, 25 Mar 2011 | 2:00 PM ET

    As to the recent price path in Nymex crude oil, Philip Roth had it right, initial fear spawned by — what seems to be an endless stream of — “black swans” has now segued into the greed phase.

  • Executive Decision: Enbridge Energy CEO Thursday, 24 Mar 2011 | 6:15 PM ET
    Executive Decision: Enbridge Energy CEO

    Enbridge Energy CEO Patrick Daniel discusses pipelines and energy infrastructure, as well as the best ways to move oil around the U.S. and Canada, with Mad Money host Jim Cramer.

  • Gartman: Central Banks Boosting Commodities? Thursday, 24 Mar 2011 | 5:16 PM ET
    Gartman: Central Banks Boosting Commodities?

    Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.

  • In the moments following yesterday’s release of the weekly storage report from the DOE, one client asked for our ‘off-the-cuff’ opinion of the DOE report.

  • Schork Oil Outlook: NatGas Bears Running Out of Steam? Wednesday, 23 Mar 2011 | 1:06 PM ET

    As of two weeks ago yesterday, money managers trading the Nymex Henry Hub natural gas futures were short by 207,413 contracts, i.e. ≈207 Bcf of gas. That is enough gas to keep U.S. Steel’s furnaces aglow for the next 19 years (per the company’s 2008 annual report).

  • Just as the thought that Charlie Sheen can actually be rehabilitated, the idea that releasing barrels from the U.S. Strategic Petroleum Reserve (SPR) can alleviate the upsurge in oil prices is a nice thought, but it is a specious argument.

  • Is Bahrain Returning to Business as Usual? Tuesday, 22 Mar 2011 | 10:32 AM ET
    Bahraini anti-government protesters stand close to makeshift roadblocks in Manama.

    Armed security forces and light tanks were visible Tuesday in Bahrain's financial harbor as the local press ran headlines heralding the resumption of "business as usual" and displaced expats began to slowly trickle back to the island kingdom.

  • Schork Outlook: NatGas Bears Must Endure More Pain Monday, 21 Mar 2011 | 12:17 PM ET

    Over the two weeks ended last Tuesday the net length of Nymex natural gas futures held by money managers dropped by 16%, from a record 207,413 contracts to 174,921. At the same time spot gas futures rallied around 1.8%. However, since last Tuesday gas has rallied another 5.8%!

  • Will Saudi Arabia's Stimulus Calm Sectarian Tensions? Monday, 21 Mar 2011 | 11:01 AM ET
    Saudi youth wave their national flag as they celebrate the return of King Abdullah bin Abdul Aziz in the Saudi capital Riyadh.

    Saudi Arabia's plan to shell out some $90 billion as part of a state-backed economic aid package continued to buoy regional markets Monday, but it is too early to tell how much the spending package will do to assuage sectarian tensions in the country, market analysts told CNBC.

  • Schork Oil Outlook: Libya vs. the World Friday, 18 Mar 2011 | 1:11 PM ET

    Last night (Thursday), the United Nations approved military action against Libya, including a no fly zone and air strikes against Libyan forces. WTI and Brent rallied sharply in the electronic markets in response, but our question is: what took so long?

  • Schork Oil Outlook: US Consumers Have a Problem Thursday, 17 Mar 2011 | 11:09 AM ET

    While the FOMC endeavors to pay close attention to the evolution of inflation, yesterday the Bureau of Labor Statistics (BLS) reported a much larger than expected uptick in inflation at the wholesale level in February, particularly for food and energy goods.

  • 'Business-Friendly Bahrain' Disappears; Ex-Pats Exit Thursday, 17 Mar 2011 | 8:38 AM ET
    Passengers line up for flights out of Bahrain at the country's airport March 17.

    "A sense of calm with an undercurrent of mild panic," is how one Bahraini described the scene at Bahrain International Airport Thursday morning,after the Bahrain Defense Force (BDF) cleared the country's Pearl Roundabout area of anti-government protestors, killing at least three people.

  • Schork Oil Outlook: The Future Is Now for Speculators Wednesday, 16 Mar 2011 | 11:42 AM ET

    As of a week ago yesterday, total net length held by all non-commercial interests trading Nymex WTI crude oil hit a record 275,582 contracts; a 92% (!) increase since the end of January. As discussed on Monday, that is enough oil to fill the Nymex storage hub 6× over.

  • Schork Oil Outlook: Bahrain Impact Review Tuesday, 15 Mar 2011 | 11:22 AM ET

    First Greece, then Ireland, then Tunisia, then Egypt, then Libya, then Japan, and now… Bahrain? The island nation saw severe protests yesterday, which caused the price of WTI to rally in intra-day trading. But as with the other countries listed, how important is Bahrain?

  • IEA Says Libyan Oil Exports Halted Tuesday, 15 Mar 2011 | 7:43 AM ET

    The International Energy Agency says Libyan oil exports have "ground to a halt" because of the fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi.

  • US State Dept Urges Americans to Avoid Bahrain Tuesday, 15 Mar 2011 | 4:09 AM ET
    Protesters run from a cloud of teargas during a clash with Bahraini security forces near the Pearl roundabout in Manama, Bahrain. Protesters said that the army fired on them with live rounds, followed by teargas which drove the demonstrators back. There are unconfirmed reports that there are four dead in the clashes.

    The U.S. State Department urged U.S. citizens on Tuesday to defer travel to Bahrain and suggested Americans there should leave due to ongoing political and civil unrest.

  • A Bahraini anti-regime protester holds up a poster with a caricature image of Prime Minister Khalifa bin Salman al-Khalifa calling him a "war criminal" during a demonstration in the capital Manama.

    General confusion reigns and businesses prepare for another day off as Gulf Cooperation Council forces deploy in Bahrain.