Energy Commodities Oil

  • SINGAPORE, Sept 25- As the annual Asia Pacific Petroleum Conference descends on Singapore for its 34th year running, the oil industry is oozing with confidence. With Brent crude prices breaking through $80 per barrel again, reaching levels not seen before the last downturn in late 2014, senior traders and executives from major oil producers ponder the...

  • Shell CEO: $80 oil is not an unreasonable price

    CNBC's Brian Sullivan provides the highlights of his interview with Shell CEO Ben van Beurden.

  • BEIJING— Global stock markets were mixed Tuesday after a Chinese envoy said Beijing cannot negotiate its trade dispute with the United States while Washington "holds a knife" of tariff hikes to its neck. KEEPING SCORE: In early trading, France's CAC 40 gained 0.2 percent to 5,486.71 while London's FTSE 100 shed 2 points to 7,456.66. WALL STREET: Industrial...

  • Matt Smith, director of commodity research at ClipperData, explains why markets are concerned over supply after U.S. sanctions on Iran kicks in, in November.

  • Oil prices saw gains on Tuesday, with the Brent crude futures contract remaining near the four-year high reached in the prior session.

  • LONDON, Sept 24- Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. Three days later, Brent closed above $80 for the first time in history. The U.S. economic cycle peaked in December 2007, though that was not evident until about a year afterwards, and oil prices continued rising for another...

  • *Saudis, Russia rule out immediate rise in production. NEW YORK, Sept 24- Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. The Organization of the Petroleum Exporting Countries and non- OPEC states, including top...

  • Protesters gathered out front of the Colorado Supreme Court Building to protest fracking before hearings on local communities and fracking on Wednesday, December 09, 2015.

    Voters in Colorado will decide whether to institute larger setbacks for oil and gas operations, which would make most of the state off limits to drilling, according to US News & World Report.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • U.S. sanctions on Iran tightening global oil supply. NEW YORK, Sept 24- Global Benchmark Brent crude jumped more than 3 percent on Monday to a four-year high above $80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. The Organization of the Petroleum Exporting Countries and non- OPEC states, including top...

  • The company said it will offer a new WTI Houston crude futures contract with three physical delivery locations on the Enterprise Products Partners LP's Houston system, beginning in the fourth quarter. The new WTI Houston futures contract will be listed with and subject to the rules of the New York Mercantile Exchange, beginning with the January 2019 contract...

  • *U.S. sanctions on Iran tightening global oil supply. NEW YORK, Sept 24- Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. The Organization of the Petroleum Exporting Countries and non- OPEC states, including top producer Russia, gathered in Algiers...

  • Sept 24- Canada's main stock index rose on Monday as energy shares were boosted by a surge in crude prices after Saudi Arabia and Russia ruled out any immediate increase to oil production. *At 9:50 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 29.72 points, or 0.18 percent, at 16,253.85. *On the NAFTA front, Canadian Prime Minister Justin...

  • LONDON, Sept 24- Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. Three days later, Brent closed above $80 for the first time in history. The U.S. economic cycle peaked in December 2007, though that was not evident until about a year afterwards, and oil prices continued rising for another...

  •  Oil workers working well

    Brent crude breaches $81 a barrel on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. 

  • Saudi Aramco CEO Amin Nasser speaks with CNBC's Brian Sullivan in an interview about the oil giant's initial public offering and the oil market.

  • Members of Iran's Revolutionary Guards Corps (IRGC) march during the annual military parade In Iran's southwestern city of Ahvaz before the attack.

    Oil market attention was focused on an OPEC meeting in Algeria this weekend, but it was Saturday's terrorist attack in an oil-rich part of Iran that "could have serious security implications."

  • Amin Nasser, CEO of Aramco speaking at the 2018 IHS CERAWeek in Houston, TX.

    Saudi Arabia remains committed to listing shares of state-owned oil giant Aramco on the stock market, but CEO Amin Nasser says he can no longer offer a timeline for the initial public offering.

  • SINGAPORE, Sept 24- Commodity price reporting agency S&P Global Platts is canvassing reforms to its Dated Brent crude oil price assessment that would include delivered shipments to Rotterdam, the company said on Monday. In its latest proposal, Platts suggested including North Sea crude on a Cost, Insurance and Freight basis into Rotterdam.

  • *Production decline Venezuela, firm demand to help boost prices. SINGAPORE, Sept 24- Iran will export significantly less oil than was initially expected when the United States first announced it would reimpose sanctions on Tehran, and that should boost prices, a senior executive at commodities trader Trafigura said on Monday. Buyers across Asia have come under...