Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela. » Read More
U.S. crude inventories fall by 9.6 million barrels, compared with analysts' expectations for an increase of 309,000 barrels.
Iran is upping its game in Iraq as U.S. influence recedes, deepening ties with its neighbor to help offset U.S. sanctions.
The oil market will soon swing into undersupply, supporting Brent crude above $75 a barrel, Morgan Stanley forecasts.
The administration is granting Iraq a renewed 90-day waiver exempting it from U.S. sanctions on Iran, a State Department official told CNBC on Tuesday.
Ford is building a new plant in Michigan as the company realigns factories to focus on its future lineup of self-driving and electric cars.
President of Global Operations Joe Hinrichs told CNBC the company is moving quickly toward producing what it previously described as a "Mustang-inspired" all-electric SUV that will be in showrooms next year.
Manuel Quevedo made the comments at the Joint Ministerial Monitoring Committee Meeting (JMMC) in Baku, Azerbaijan on Monday.
Mike Kelly, Seaport Global Securities, joins 'The Exchange' to discuss energy stocks he's watching after oil prices hit their highest in four months.
"Futures Now" traders Jim Iuorio of TJM Institutional Services and Brian Stutland of Equity Armor Investments discuss whether crude oil could be seeing a comeback. With CNBC's Seema Mody.
The ongoing fire at Intercontinental Terminals petrochemicals storage facility in Deer Park, Texas, intensified overnight.
New U.S. steel capacity will swamp the market and drag on steelmakers' profit margins, Bank of America Merrill Lynch says.
A raging fire at a petrochemical storage terminal near Houston spread to two more massive tanks after firefighting water pumps stopped working for six hours, the company said on Tuesday.
The facility will be Iberdrola's first photovoltaic plant in Europe.
Remarks from James Bevan paint a stark picture of the future.
OPEC and its allies will not make a decision to extend production cuts in April, giving the group more time to assess the oil market.
U.S. sanctions against Iran and Venezuela are boosting prices, but traders say rising American output may cap gains.
An oil price of between $60 and $70 per barrel is both a "sweet spot" and "pain threshold" for rival oil producers in the U.S. and OPEC according to the head of EMEA Oil & Gas Research at JPMorgan.
Russian Energy Minister Alexander Novak told CNBC that Moscow will be fully compliant with OPEC-led supply cuts over the coming weeks.
Russian billionaire Oleg Deripaska said on Sunday he would fight the U.S. government in court for "weaponizing the financial system" against him.