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Energy Commodities Oil

  • *IEA joins OPEC, EIA, raises forecast for U.S. 2018 output growth. LONDON, Dec 14- Oil prices came under pressure on Thursday after the International Energy Agency increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. "The IEA underlined the same take that the U.S. Energy Department had the day before yesterday and OPEC...

  • TORONTO, Dec 14- The Canadian dollar weakened against its U.S. counterpart on Thursday after oil prices fell and data showed robust U.S. retail sales, while investors turned their attention to a speech by Bank of Canada Governor Stephen Poloz. Oil, one of Canada's major exports, declined after the International Energy Agency increased its forecast for U.S. output...

  • *IEA joins OPEC, EIA in revising up U.S. 2018 output growth. LONDON, Dec 14- Oil prices fell on Thursday after the International Energy Agency increased its forecast for U.S. oil output growth in 2018, raising the prospect of excess supply. "The IEA underlined the same take that the U.S. Energy Department had the day before yesterday and OPEC had yesterday," said Bjarne...

  • US oil net imports haven't done this since 1985: ClipperData's Matt Smith

    Matt Smith, ClipperData director of commodity research, provides insight to oil production, oil prices and Aramco's IPO.

  • *IEA joins OPEC and EIA revising up U.S. 2018 output growth. LONDON, Dec 14- Oil prices eased back from session highs on Thursday after the International Energy Agency increased its forecast for U.S. oil output growth in 2018, raising the prospect of excess supply. "The IEA underlined the same take that the U.S. Energy Department had the day before yesterday and OPEC...

  • Workers guide a section of drill pipe into a rack after it was removed from a natural gas well being drilled in the Eagle Ford shale in Karnes County, Texas.

    Rising shale oil production in the United Sates is set to leave OPEC nations with a challenging 2018, according to the International Energy Agency (IEA).

  • SINGAPORE, Dec 14- Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.77 a barrel at 0752 GMT, up 17 cents, or 0.3 percent from their last settlement. Traders said reports that the...

  • SINGAPORE, Dec 14- Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.74 a barrel at 0711 GMT, up 14 cents, or 0.25 percent from their last settlement. Traders said reports that the...

  • SINGAPORE, Dec 14- Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.69 a barrel at 0545 GMT, up 9 cents, or 0.2 percent, from their last settlement. Brent crude futures, the...

  • SINGAPORE, Dec 14- Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.77 a barrel at 00344 GMT, up 17 cents, or 0.3 percent, from their last settlement. Brent crude futures, the...

  • Oil pumps wells Monterey Shale fracking

    Oil prices fell on Thursday after the International Energy Agency (IEA) increased its forecast for U.S. oil output growth in 2018.

  • SINGAPORE, Dec 14- Oil prices rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though rising output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.81 a barrel at 0123 GMT, up 21 cents, or 0.4 percent, from their last settlement. "A decline in the open interest on the...

  • Commodities tomorrow:

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

  • President Donald Trump gives the pen to Rep. Bill Huizenga (R-MI) after signing H.J. Res. 41 in the Oval Office of the White House on February 14, 2017 in Washington, DC.

    Republicans advance a bill to repeal the Cardin-Lugar amendment, a bipartisan measure targeting corruption in resource-rich nations.

  • *Britain's biggest pipeline likely to be shut for several weeks. NEW YORK, Dec 13- Oil prices slipped for a second straight day on Wednesday, as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude output continued to grow to record highs. Usually in this time of year you see a little bit more demand, "said...

  • *Britain's biggest pipeline likely to be shut for several weeks. NEW YORK, Dec 13- Oil prices dipped on Wednesday as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude output continued to grow to record highs. Usually in this time of year you see a little bit more demand, "said Tariq Zahir, managing member...

  • *Britain's biggest pipeline likely to be shut for several weeks. Expectations for an extended shutdown of a major North Sea crude pipeline continued to bolster Brent crude, the world oil benchmark. That decline was offset mightily by the large increase in gasoline inventories, "said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.

  • LONDON, Dec 13- Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster the market. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after the North Sea pipeline shutdown...

  • OPEC production decreases in November

    CNBC's Jackie DeAngelis checks out the latest oil production numbers from OPEC.

  • People work at the Halfaya oilfield in Amara, southeast of Baghdad.

    OPEC raises its forecast for non-OPEC oil supply in 2017 and 2018, driven by higher U.S. output, in its final report of the year.