Oil rises on expected OPEC cuts, but surging US supply drags
Oil prices advanced on Friday on the back of expected supply cuts by OPEC, though record U.S. production weighed. Source: CNBC RSS...
Oil prices advanced on Friday on the back of expected supply cuts by OPEC, though record U.S. production weighed. Source: CNBC RSS...
Technician Louise Yamada believes crude will move even lower. Source: CNBC RSS...
PG&E's stock has lost more than half its value as shareholders flee the utility amid concerns that its equipment may be partly responsible for the most destructive wildfire in California's history. Source: CNBC RSS...
Saudi Arabia convinced oil producers to hike output ahead of tough U.S. sanctions on Iran, but the Trump administration ultimately allowed some of the Islamic Republic's biggest customers to keep importing its crude. Source: CNBC RSS...
Brian Sullivan joins from Corpus Christi, Texas to report on liquefied natural gas exports and how the U.S. is planning to meet the demand. Source: CNBC RSS...
European stocks moved lower Thursday as investors digested latest news out of Brexit. Source: CNBC RSS...
Saudi Aramco may consider spinning off its growing downstream division, but it needs to complete its planned acquisition of a strategic stake in Saudi petrochemical maker SABIC first, strategists say. Source: CNBC RSS...
Oil prices slipped on Thursday, on the back of pressure from rising supply in a market where consumption is expected to slow as a result of a gloomy economic outlook. Source: CNBC RSS...
Jeff Currie, head of commodity research at Goldman Sachs, believes investor positioning and one particular trading strategy are largely responsible for deepening the oil market rout in recent days. Source: CNBC RSS...
Natural gas prices surged in panicky and volatile morning trading, after the latest cold weather forecasts raised fears that the U.S. is heading for a potentially colder-than-expected winter with too little gas supply. Source: CNBC RSS...