With Iran sanctions set to take effect amid a Saudi political crisis the market didn't expect, geopolitics would be expected to benefit oil prices and energy stocks. But oil has been pressured lately, and big energy stocks have trailed the market. » Read More
By: Sam Meredith
OPEC kingpin Saudi Arabia does not wish to impose a 1973-style oil embargo on Western consumers, the country's energy minister reportedly said Monday, amid a deepening crisis over the killing of journalist Jamal Khashoggi. » Read More
By: Sam Meredith
Saudi Arabia could soon take action to push oil prices lower, one analyst told CNBC Tuesday, as part of a "settlement" plan to alleviate diplomatic tensions with the U.S. » Read More
Jim Cramer breaks down why last week's sell-off is making Yum Brands' stock an attractive buy into weakness.
Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and production entities.
Oil prices could surge to all-time highs if the U.S. imposes economic sanctions against Saudi Arabia, according to an opinion piece written by the general manager of Saudi Arabia-based Al Arabiya television.
Oil prices could rocket higher amid the international fallout from the case of missing Saudi journalist Jamal Khashoggi, analysts said on Monday.
With Saudi Arabia denying a role in the sudden disappearance of a prominent journalist, the chances are growing that the crisis could escalate, and ricochet across the global economy.
The International Energy Agency (IEA) is concerned about a dramatic upswing in energy prices, according to its latest monthly report, with oil, gas and coal prices currently trading at multi-year highs.
The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end.
Dudley's comments come at a time when oil market players are closely watching what happens when U.S. sanctions on Iran's oil industry come into force on November 4.
As OPEC's third largest oil producer sees its customers shrink away for fear of U.S. penalties, some market watchers predict oil surpassing $100 a barrel. Benchmark Brent crude is up 26.6 percent year-to-date, while WTI crude is up 24 percent in the same time period.
Exxon Mobil will donate $1 million to a campaign promoting a tax to curb emissions of planet-warming carbon dioxide to U.S. lawmakers and the American public.
China's tariffs on U.S. liquefied natural gas are likely to raise costs for Chinese companies and boost revenues for sellers, including American LNG suppliers.
Petrochemical products like plastics will become the most prominent driver of oil demand over the coming years, the executive director of the International Energy Agency told CNBC Monday.
Two Indian oil companies have placed orders to import Iranian crude next month, Oil Minister Dharmendra Pradhan said Monday, defying a call from President Donald Trump's administration for countries to completely cut-off the Islamic republic.
Jim Cramer explains why the "death of retail" narrative isn't going away anytime soon.
The revamped Nafta deal has raised the prospect of investment picking up again in Mexico, but foreign investors remain wary of the incoming president's proposed policies, The Financial Times reports.
Ryanair is suffering its most turbulent period, beset by strikes, high fuel prices and fiercer competition, The Financial Times reports.