DUBAI/ DOHA, June 13- Qatar, the world's second largest helium producer, has closed its two helium production plants because of the economic boycott imposed by other Arab states, industry sources told Reuters on Tuesday. The helium plants operated by RasGas, a subsidiary of state-owned Qatar Petroleum, were shut after Saudi Arabia closed its border with Qatar,...
HOUSTON, June 13- Venezuelan state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas storage facility after terminating a contract with the owner, U.S. Buckeye Partners LP, according to internal data and sources close to the decision. But PDVSA decided to shift its oil to the Statia terminal, operated by U.S. NuStar Energy LP, in the...
CNBC's Jackie DeAngelis pours through the latest data on oil trends from OPEC's May monthly report.
The Saudi-led effort to isolate Qatar won't impact the price of oil much, Saudi Arabia's Minister of Energy, Khalid A. Al-Falih, told CNBC.
LONDON, June 1- U.S. oil production continues to rise relentlessly, frustrating efforts by OPEC and non- OPEC oil exporters to rebalance the global market and secure an increase in the price of crude. Most of the extra output between September and March came from oilfields in the Gulf of Mexico, where production increased by 257,000 bpd, and Alaska, where output was...
NAIROBI, May 30- Fuel shortages have paralysed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role of the country's only oil importer. The problem has damaged two big foreign investors, Kenya's KenolKobil and South Africa's Engen, a...
NAIROBI, May 30- Fuel shortages have paralyzed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role of the country's only oil importer. The problem has damaged two big foreign investors, Kenya's KenolKobil and South Africa's Engen, a...
Helima Croft, RBC Capital Markets, and Michael Rothman, Cornerstone Analytics, discuss the impact of news out the OPEC meeting on the price of crude.
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS.
Amid all the talk about border security and NAFTA renegotiation, natural gas is the one element that both the U.S. and Mexico can agree on.
One-time spice capital Malacca is pumping nearly $3B into a plan to put itself in demand in a different hot commodity - oil.
The Obama administration on Friday blocked the sale of new permits to drill oil and gas in the Chukchi and Beaufort Seas off Alaska.
An earthquake with a preliminary magnitude of 5 struck near Cushing, Oklahoma, prompting evacuations, but there were no reports of injuries.
CNBC's Bertha Coombs reports the latest crude oil inventory data from the EIA.
The government has reported surprisingly large drops in U.S. crude inventories, but they may not last.
East Coast refiners are built to withstand Cat-3 storms, but operations could still be affected, oil expert John Kilduff says.
ClipperData's Matt Smith, who forecast oil prices would fall to $40 a barrel in June, now sees crude falling further.
Platts' Senior Analyst Yen Ling Song shares her outlook for China's teapot refineries.
Huge stockpiles of fuel and teeming strategic Chinese crude inventories could send oil prices on one last, ugly slide lower, analysts tell CNBC.
While much of the oil industry is bleeding from low prices and oversupply, one segment is getting a boost.