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Latest News: Energy

05/26/2019

Oil oversupply weighs on prices in worst week of 2019 Barbara Doran of BD8 Capital Partners and CNBC's Hadley Gamble join "Closing Bell" to discuss the state of the oil market following its worst week of the year....
02:48, 05/25/2019

Oil rises but set for 2019's biggest weekly loss Oil rose on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year, pressured by rising inventories and concern over an economic slowdown....
18:12, 05/24/2019

Watch CNBC's full interview with Secretary Mike Pompeo on China and the Iran conflict Secretary Mike Pompeo joins "Squawk Box" to discuss the most pressing issues in geopolitical politics, specifically the trade war in China, the current U.S. conflict with Huawei, and the Trump Adminis...
20:24, 05/23/2019

Pompeo painted Huawei as long-term national security threat, says policy expert American Enterprise Institute's James Pethokoukis and Capital Alpha Managing Director James Lucier join "Squawk Box" to discuss Secretary of State Mike Pompeo's latest comments on the state ...
20:24, 05/23/2019

Crude oil is tanking — Here's where it could be headed "Futures Now" traders Scott Nations, NationsShares, and Jim Iuorio, TJM Institutional Investors, discuss why investors are selling crude and where they think the commodity is headed; with CNBC's ...
20:24, 05/23/2019

How Iranian tensions are impacting the price of oil CNBC's Hadley Gamble and CNBC's Brian Sullivan join 'The Exchange' to discuss Iran oil tensions and what this means for geopolitical politics....
20:24, 05/23/2019

Oil set for worst week in 6 months as crude stockpiles surge Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook....
13:36, 05/23/2019

'We're absolutely committed' to the budget surplus, says Australian treasurer Australian Treasurer Josh Frydenberg says there is a "plan" to grow the country's economy amid headwinds faced both internationally and domestically....
17:48, 05/22/2019

Oil slides on rising US crude stockpiles, Saudi vow to keep market balanced Oil prices slipped on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced....
06:48, 05/22/2019

Oil rises on escalating US-Iran tensions; trade war concerns weigh Oil prices rose on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year....
06:24, 05/21/2019

US-Iran tensions escalating, here's what you need to know Oil prices are on the rise after OPEC indicated it's likely to continue production cuts. CNBC's Hadley Gamble sits down with Kelly Evans to discuss on 'The Exchange'....
21:48, 05/20/2019

Saudi Arabia's assets are 'well protected': Energy Minister Khalid al-Falih, Saudi Arabia's energy minister, says the global community needs to be "vigilant" and "united" against attacks on infrastructure....
14:36, 05/20/2019

Oil jumps as Saudi Arabia suggests OPEC+ to keep production cut plan Oil prices rose as much as 1 percent on Monday after Saudi Energy Minister Khalid al-Falih indicated there was consensus among OPEC and allied oil producers to continue limiting supplies....
08:24, 05/20/2019

Russian energy minister outlines what's next for OPEC and its allies Russian Energy Minister Alexander Novak tells CNBC that OPEC and its allies could possibly increase oil production if their assessment of the market shows a shortfall in supply....
08:24, 05/20/2019

Oil rises as Middle East tensions mounts, set for weekly gains Oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions....
10:00, 05/17/2019

How one company turns pollution into fuel CNBC's Julia Boorstin reports from Lanzatech Lab, mission-driven disrupter companies on CNBC's Disrupter 50 list. The company listed at number 15 and it turns carbon emissions into ethanol....
01:00, 05/17/2019

LanzaTech aims to fuel jets and make consumer goods from recycled carbon pollution LanzaTech has proved it can transform greenhouse gas emissions into fuels and chemicals. Now the company is trying to bring its clean tech to the masses....
18:24, 05/16/2019

Oil rises amid escalating Middle East tensions Oil prices rose on Thursday for a third straight session, as the risk of conflict in the Middle East stoked fears of supply disruptions, negating an unexpected rise in U.S. inventories....
07:48, 05/16/2019

Oil prices ease on surprise rise in US stockpiles, but Middle East tensions support Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East....
04:36, 05/15/2019

Oil prices mixed as hope lingers for flagging US-China talks Oil was mixed on Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory notes, signalling that a breakdown migh...
20:12, 05/14/2019

Futures Now: Oil jumps on rising tensions with Iran "Futures Now" Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial, discuss where they see crude oil prices headed amid geopolitical tensions with CNBC's Rahel Solomon....
20:12, 05/14/2019

Oil prices mixed amid US-China trade impasse Oil futures were mixed on Monday, with U.S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U.S. trade talks....
06:12, 05/13/2019

Mike Pompeo talks Iran, oil, Russia and China U.S. Secretary of State Mike Pompeo sits down with CNBC's Hadley Gamble to discuss some of the most pressing geopolitical matters for the United States today....
16:12, 05/12/2019

Mike Pompeo discusses Iran, oil, Russia and China U.S. Secretary of State Mike Pompeo sits down with CNBC's Hadley Gamble for a wide-ranging interview about some of the most pressing geopolitical matters for the United States today....
07:24, 05/12/2019

Oil gains as supply factors offset trade tensions Oil prices rose on Friday even as the start of U.S. President Donald Trump's tariff hike on $200 billion of Chinese goods kept tensions high in the trade dispute between the world's two bigg...
14:48, 05/10/2019

Iran tensions could drive Brent crude above $80 this summer, strategist says Tensions in key international waterways could drive up oil prices this year, according to RBC Capital Markets head of global commodity strategy Helima Croft....
23:48, 05/09/2019

Oil falls on trade dispute despite surprise drop in US crude inventories Oil prices declined on Thursday amid concerns over the escalating trade battle between the United States and China, despite a surprise fall in U.S. crude stockpiles....
05:48, 05/09/2019

Occidental's jet just made another trip, setting off fresh speculation about a deal for Andarko Occidental's bid for Anadarko largely boils down to the latter's oil and gas assets in the Permian Basin, where Anadarko and Shell share acreage....
23:24, 05/08/2019

Still a good time to stay invested despite trade tensions, says Greenwich Wealth CIO Paul Christopher, Wells Fargo Investment Institute, and Vahan Janjigian, Greenwich Wealth Management, join 'The Exchange' to discuss how trade talks will impact markets and where they'r...
21:36, 05/08/2019

Beginning of the end for Iran nuclear deal, expert says Lina Khatib, head of the Middle East and North Africa Programme at Chatham House, discusses Iran's announcement that would stop complying with parts of the Iranian nuclear deal....
14:12, 05/08/2019

Rick Perry: It is time for America to boost its dominance in artificial intelligence The energy secretary announced that the DOE partnered with Cray and AMD to build Frontier, three new machines with an exascale system, at Oak Ridge National Lab, capable of up to a billion-billion cal...
14:48, 05/07/2019

Energy Secretary Rick Perry on how America can grow in the field of artificial intelligence Energy Secretary Rick Perry joins "Squawk Box" to announce that the Department of Energy partnered with Cray and AMD to build Frontier, three new machines with an exascale system capable of up to a bi...
14:48, 05/07/2019

Energy Secretary Rick Perry: US allies should not do business with Iran Energy Secretary Rick Perry joins "Squawk Box" to discuss the current risks in the oil market as well as the United States' relationship with Iran....
14:48, 05/07/2019

Oil mixed, caught between US sanctions on Iran, Venezuela and trade dispute with China Oil prices were mixed on Tuesday as U.S. sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-U.S. trade dispute could slow the global economy also...
04:24, 05/07/2019

Anadarko likely to deem Occidental's buyout offer superior to Chevron's bid on Monday: Sources Anadarko is likely to determine that Occidental's buyout offer is superior to the agreement its board reached last month with Chevron, sources tell CNBC's David Faber....
21:24, 05/06/2019

Donald Trump's ideas for success on energy are so last century President Donald Trump's effort to expand offshore oil and gas exploration has stalled, and may be dead in the water. There are better ways to achieve "energy dominance."...
16:48, 05/03/2019

OPEC is 'likely to collapse,' warns Iran's oil minister Iran's oil minister says OPEC is "likely to collapse" because some members are targeting their fellow producers, apparently referring to Saudi Arabia....
16:48, 05/03/2019

US legislation aims to thwart China's electric vehicle dominance Senator Lisa Murkowski will introduce legislation to streamline regulation and permitting requirements for the development of electric-vehicle supply chain minerals, part of a plan to offset China...
18:36, 05/02/2019

How one analyst predicted Berkshire Hathaway backing Occidental Earlier this week, Berkshire Hathaway committed a $10 billion investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. Don Bilson, head of e...
16:12, 05/01/2019

Oil prices fall on rising US stockpiles, but global markets remain tense Oil prices slipped on Wednesday following a report that showed a rise in U.S. crude inventories, though global markets remained tense amid an intensifying political crisis in Venezuela, tightening U.S...
08:00, 05/01/2019

Buffett investment in Occidental could boost shareholder approval, says analyst Tim Rezvan of Oppenheimer discusses the bidding war between Occidental and Chevron for Anadarko, and how Warren Buffett's involvement could shake things up....
23:24, 04/30/2019

Berkshire Hathaway to invest $10 billion in Occidental to finance Anadarko deal Berkshire Hathaway has committed a $10 billion investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. CNBC's Jim Cramer joins "Squawk...
18:24, 04/30/2019

Cramer: The Anadarko acquisition is now Chevron vs. Buffett Berkshire Hathaway has committed a $10 billion investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. The "Squawk on the Street" team disc...
18:24, 04/30/2019

A corporate jet revealed Buffett's energy deal was in works days before it was announced A corporate jet tracker spotted an Occidental Petroleum plane in Omaha, hometown of Warren Buffett, over the weekend. It sparked rumors that Berkshire Hathaway might be stepping into the bidding war f...
18:24, 04/30/2019

Oil dips as rising OPEC, US output seen making up for Iran sanctions shortfall Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said mark...
03:48, 04/30/2019

Analysts debate whether Chevron or Occidental will win Anadarko bidding war Pavel Molchanov of Raymond James and Josh Silverstein of Wolfe Research discuss the deal talks surrounding Anadarko and the larger energy space with CNBC's "Closing Bell" team....
00:00, 04/30/2019

How Anadarko, Occidental, Chevron stocks are reacting to the merger talks Anadarko Petroleum on Monday announced it will restart negotiations with Occidental, after striking a $33 billion deal earlier this month with Chevron to sell its business. The "Squawk on the Street" ...
18:12, 04/29/2019

Oil prices slip after Trump urges greater OPEC output to replace Iranian oil Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions...
08:12, 04/29/2019

A Stagnant General Electric Will Replace the C.E.O. Who Transformed It The industrial giant, whose jet engines propel air travelers and whose generators light millions of households, declared that it would be installing its first new leader in 16 years....
21:48, 04/28/2019

Energy Department Closes Office Working on Climate Change Abroad The elimination of the Office of International Climate and Technology is another sign of the Trump administration’s retreat on global warming policy....
21:48, 04/28/2019

Exxon Mobil Lends Its Support to a Carbon Tax Proposal The company is joining other oil companies and corporate giants to endorse a plan from the Climate Leadership Council to tax fossil fuels and pay the dividends to taxpayers....
21:48, 04/28/2019

Libya’s Increased Oil Production Thwarts OPEC’s Reduction Plans Despite the country’s political instability, its production has grown to 885,000 barrels a day, undercutting OPEC’s efforts to shrink supplies worldwide....
21:48, 04/28/2019

Economic Scene: Fisticuffs Over the Route to a Clean-Energy Future A Stanford professor’s vision of an economy wholly powered by renewable fuels has drawn a heated rebuttal from scholars who question many of its assumptions....
21:48, 04/28/2019

China Cancels Military Meeting With Vietnam Over Territorial Dispute The public sign of discord is highly unusual for the two Communist neighbors, and it comes as Beijing seeks to expand its influence in the South China Sea....
21:48, 04/28/2019

Eni expands its Middle East presence with new exploration Eni reached accords for exploration in two areas of Oman, one in partnership with BP, a day after it announced new exploration in Bahrain and the UAE....
20:48, 04/28/2019

U.S. fuel pumps see first weekly price rise since October Fuel prices in the United States on average were just a penny higher at $2.25 per gallon, ending consecutive price declines that had occurred since October....
20:48, 04/28/2019

Petrobras preempts three pre-salt areas ahead of sixth auction Petrobras wants to exercise pre-emption rights for three areas ahead of the sixth bidding round of pre-salt offshore oil areas to be held later this year....
20:48, 04/28/2019

Crude prices rise after positive news from China Oil prices rose early Tuesday, after Monday declines, possibly helped by some positive news from China -- but doubts remain as to whether that direction will hold....
20:48, 04/28/2019

Crude oil prices drop after API reported lower-than-expected draw Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in the day....
20:48, 04/28/2019

EIA sees fuel prices below 2018 average for the next two years U.S. retail fuel prices will drop this year and in 2020 from 2018, but in both cases higher than January levels due to mandated lower sulfur in marine fuel....
20:48, 04/28/2019

Oil prices led lower by rising U.S. production, inventories Oil prices fell early Thursday despite an OPEC report confirming a sizable cut due to bearishness related to rising United States production and inventories....
20:48, 04/28/2019

IEA doubts Russia’s commitment to OPEC accord The Paris-based International Energy Agency on Friday cast doubt on whether Russia would meet its agreement with OPEC to cut crude oil output to support prices....
20:48, 04/28/2019

Oil rises after report on possible China talks concessions Oil prices rose early Friday trailing equity gains late Thursday that followed a report about possible concessions ahead in U.S. trade talks with China....
20:48, 04/28/2019

State oil ADNOC sells 35 percent in refining to Eni, OMV ADNOC sold a 20 percent state in its refinery operations to Italy's Eni and 15 percent to OMV, from Austria in one of the biggest refinery transactions ever....
20:48, 04/28/2019

Major corporations, cities buying into Texas' green energy boom The U.S. wind industry is in a scramble to get a batch of turbine farms running in the next two years, before the federal government phases out a key tax credit....
20:48, 04/28/2019

Venezuela’s Guaido to name new boards of PDVSA and Citgo Venezuela's President of the National Assembly, Juan Guaido, will name new director boards at state oil company PDVSA and its United States subsidiary Citgo....
20:48, 04/28/2019

U.S. fuel prices near last month's levels, unlikely to change Average fuel prices in the United States started the week at $2.26 per gallon, showing little change from the last month or last week, and may remain flat....
20:48, 04/28/2019

Crude oil prices rise amid renewed Venezuela concerns Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China-U.S. trade issues prevented higher gains....
20:48, 04/28/2019

IEA: Greater use of rail would save energy, lower emissions Increased railway use would save energy, help the environment, and also be safer, according to reports prepared by international environmental experts....
20:48, 04/28/2019

Petrobras sells Chevron $350M Texas plant bought for $1.2B Chevron bought a Houston refinery for $350 million from Petrobras that had cost the Brazilian state oil company over $1.2 billion little over a decade earlier....
20:48, 04/28/2019

Oil nearly flat in pause after previous session's gains Oil prices were near flat early Thursday in what was seen as a pause after gains in the two previous sessions, as traders considered geopolitical developments....
20:48, 04/28/2019

Crude oil prices rise early Friday amid supply concerns Oil prices rose early Friday amid supply concerns following reports of smaller-than-expected stocks, and amid reduced expectation of interest rate hikes....
20:48, 04/28/2019

Occidental CEO says she will prevail in bidding war for sought-after oil driller Anadarko. Occidental Petroleum CEO Vicki Hollub says her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin....
20:00, 04/28/2019

We expect the global economy to have a pick up, says UBS's Alli McCartney Alli McCartney, managing director at UBS Private Wealth Management, and Sarat Sethi, portfolio manager and equity analyst at Douglas C. Lane & Associates, and guest host Joe Terranova, senior managing...
20:00, 04/28/2019

Gasoline futures are seeing a sell-off - Here's how to trade them Jeff Kilburg of KKM Financial and Jim Iuorio of TJM Institutional join CNBC's Seema Mody to discuss crude prices rising and if the rally could cool off on CNBC's "Futures Now."...
20:00, 04/28/2019

It's hard to say Anadarko and Occidental deal are best fit, says expert Jordan Blum, senior energy reporter for The Houston Chronicle, joins 'The Exchange' to discuss Occidental's formal bid for Anadarko and how it could impact the energy sector....
20:00, 04/28/2019

LA County sues Edison utility to recover over $100 million in costs from Woolsey Fire Los Angeles County on Thursday announced it filed a lawsuit against Southern California Edison to recover costs in connection with last year's deadly Woolsey Fire....
20:00, 04/28/2019

Here's how Exxon's earnings compare to the rest of the sector John Kilduff, founding partner at Again Capital, joins "Squawk Box" to discuss Exxon's quarterly results and the patterns he's seeing in the energy sector....
20:00, 04/28/2019

Oil's recent price surge won't last, economists predict Sluggish global growth and an increase in U.S. output both signal the end of the recent rally in oil prices, economic research consultancy Capital Economics has suggested....
20:00, 04/28/2019

Exxon, Chevron saw soft earnings because of refining margins: Energy analyst CNBC's "Power Lunch" team talks about oil company earnings and what it means for the energy industry with Pavel Molchanov, a Raymond James energy analyst....
20:00, 04/28/2019