Energy Commodities Oil

  • MOSCOW, April 19- Russia expects to use about 210 billion roubles from its National Wealth Fund this year to pay back oil firms as part of a deal to keep down domestic gasoline and diesel prices, a senior finance ministry official said on Friday. Russia is part of a global agreement to cut oil production aimed at propping up crude prices, a major source of state...

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • Venezuela's President Nicolas Maduro talks to the media after a meeting for signing an agreement on guarantees for the vote at the National Electoral Council (CNE) headquarters in Caracas, Venezuela March 2, 2018.

    President Nicolas Maduro is funneling cash from Venezuelan oil sales through Russian state energy giant Rosneft to evade U.S. sanctions.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • The "Futures Now" team discusses surging gasoline futures with CNBC's Seema Mody, Futures Now traders Scott Nations from the CME and Anthony Grisanti at the NYMEX.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. LONDON, April 18- Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check. Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT,...

  • The Jasmine platform, part of ConocoPhillips' North Sea operations.

    ConocoPhillips strikes the largest transaction in the exploration and production space outside the U.S. this year.

  • LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.80 a barrel at 1313 GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...

  • A support vessel flying an Iranian national flag sails alongside the oil tanker 'Devon' as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018.

    A black swan event could soon be surfacing in energy markets, industry experts have told CNBC.

  • LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.89 a barrel at 1129 GMT, up 27 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...

  • TD Securities sees oil prices moving higher

    Bart Melek of TD Securities says gold prices could move "well beyond" $1,300 in the later part of 2019 as a result of volatility in markets.

  • TOKYO/ SYDNEY, April 18- Oil prices edged higher on Wednesday, supported by ongoing OPEC- led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production. Brent crude futures were at $71.71 a barrel at 0500 GMT, up 9 cents, or 0.1 percent, from their last close and not far off Wednesday's five-month high of $72.27 a barrel.

  • TOKYO/ SYDNEY, April 18- Oil prices dropped on Thursday as the impact of plentiful U.S. production offset a surprise decline in U.S. inventories, leaving international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.42 a barrel at 0235 GMT, down 20 cents, or 0.3 percent, from their last close.

  • An oil pumpjack operates near Williston, North Dakota.

    A drop in crude shipments from top exporter Saudi Arabia and a draw in U.S. oil inventories supported prices on Thursday.

  • Oil workers in the Permian Basin outside Midland, Texas

    Jim Cramer explains why more mergers in the energy and oil space could be in the works.

  • *OPEC supply cuts, U.S. sanctions support oil prices. *China's 1st qtr GDP rises 6.4 percent year/year. "The rally overnight was predicated on a 3 million-barrel-per-day draw in crude that did not materialize," said Bob Yawger, director of energy futures at Mizuho in New York.

  • Scott Sheffield, CEO of Pioneer Natural Resources.

    Shares of drillers with positions in the Permian Basin are on the rise following the tie-up, the sixth biggest oil and gas deal on record.

  • *OPEC supply cuts, U.S. sanctions support oil prices. *China's Q1 GDP rises 6.4 percent year/year. Brent crude futures were up 23 cents at $71.95 by 12:16 p.m. EDT, having hit an intraday peak of $72.27.

  • NEW YORK, April 17- U.S. crude oil stockpiles fell unexpectedly last week as imports dropped, while gasoline and distillate inventories decreased less than forecasts, the Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell by 1.54 million barrels, EIA said. "With the refinery runs...

  • April 17- Canada's main stock index rose modestly on Wednesday, after higher oil prices lifted the energy sector. *At 9:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was up 18.9 points, or 0.11 percent, at 16,521.1. *Canada's annual inflation rate edged up to 1.9 percent in March from 1.5 percent in February as the downward pressure from gasoline...