Oil and Gas Oil and Gas Storage

  • Oil glut causing storage problem

    CNBC's Morgan Brennan reports U.S. oil supplies are at near record levels and storage capacity is getting tight.

  • An oil site in the middle of the Rub' al Khali desert, Saudi Arabia.

    Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.

  • Rusted out 'pump-jacks' in the oil town of Luling, Texas.

    Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.

  • Pipelines and oil storage tanks in Cushing, Okla.

    Midstream oil and gas dealmaking reached $63.5 billion in the third quarter, driven by megadeals worth $1 billion or more.

  • A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    The risk that oil could fall as low as $20 a barrel is rising amid a persistent surplus, Goldman Sachs said, cutting its forecasts again.

  • Asian LNG prices could fall 25% in a perfect storm of new supply, falling demand and weaker oil prices.

  • Flared natural gas is burned at an Apache natural gas plant in the Permian Basin in Garden City, Texas.

    Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.

  • Why the price of crude oil will remain stagnant

    Michael Yoshikami, founder & CEO of Destination Wealth Management, expects oil that was previously kept in storage to hit the market over the next 45-90 days thereby keeping prices low.

  • Pipelines and oil storage tanks in Cushing, Okla.

    U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.

  • How should Yellen address a strong dollar?

    Alan Knuckman, chief options strategist at Bulls-Eye Options, talks about the upcoming Federal Reserve meeting, the strong dollar and the gold market.

  • How low can crude go?

    Edward Morse, Citi commodities research, discusses what's driving oil price lower as the commodity wanders further into bear territory.

  • The Canadian government unveiled tougher new proposed oil tank car standards.

  • Gary Cohn, Goldman Sachs

    Goldman Sachs President Gary Cohn tells CNBC he is concerned about the short-term window for oil and said crude prices could fall to $30 a barrel.

  • Saudi Arabian Oil Minister Ali al-Naimi

    Saudi Arabia's oil minister said he expected oil prices, which hit a near six-year low in January, to stabilize, signalling cautious optimism.

  • Oil tanks and pump jacks are seen in an oil field near Bakersfield, Calif.

    Oil supply running ahead of demand hasn't just pressured prices, it's also filling up storage space, potentially pushing crude toward another leg down.

  • Idled oil well pump jacks sit in the yard at Wood Energy Inc. in Woodlawn, Ill, Jan. 20, 2015.

    The sharp drop in U.S. oil rig counts has helped lift crude prices off their lows, but it won't slow production or alleviate oversupply, Goldman said.

  • IEA: Shale is a game-changer

    The International Energy Agency (IEA) has released a warning saying that the oil prices may continue to fall, as crude oil stocks increase. Maria van der Hoeven, executive director at IEA, discusses the findings, saying that the "future market will never be the same" as before.

  • Has oil hit bottom? Gartman says no

    Has the oil price finally hit a bottom? Dennis Gartman, founder and editor of the Gartman Letter, explains why it could fall to as low as $20 per barrel.

  • Oil Russia

    Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.

  • Oil Russia

    A global oversupply in oil and lack of storage make it very likely that oil will slide into the $30s, Citi's Ed Morse told CNBC.