Oil / Finance

Unlike his boss, Trump economic advisor Cohn isn't a fan of coal

May 26 3:40pm Energy
The president's chief economic advisor is casting doubt on the future of U.S. coal, saying it "doesn't really make that much sense anymore as a feedstock."...
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These energy stocks have outperformed the S&P 500 when OPEC rolls over policy

May 26 3:07pm Energy
Energy stocks are poised to outperform the S&P following OPEC's latest policy decision.
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Trump's views on climate change 'evolving,' White House adviser says

May 26 2:55pm Energy
Trump's views on climate change are evolving after discussions with Group of Seven allies, but in the end he will put U.S. interests first.
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US crude settles at $49.80, up 1.8%, regaining ground after plunge on OPEC disappointment

May 26 2:38pm Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Venezuela's people are going hungry but it's keeping its lenders happy

May 26 2:37pm Energy
The country's ability to make payments may be "in doubt," but its willingness is "strong," says one analyst.
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Oil hits a rough patch, but this investor is still bullish

May 26 1:34pm Energy
Rob Thummel, managing director of Tortoise Capital Advisors, talks about his bullish case for oil as crude stock hits a rough patch intraday and which energy stocks to buy now.
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Oil prices hold gains as US oil rig count rises by 2 for 19th straight increase

May 26 1:07pm Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Call of the day: Chevron downgraded to 'sell'

May 26 12:23pm Energy
The “Fast Money Halftime Report” traders discuss today's call of the day, Chevron.
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European markets close lower as oil stocks weigh; sterling falls; G-7 meeting in focus

May 26 11:31am Energy
European bourses closed lower on Friday as losses in energy companies weighed down major bourses.
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These energy stocks have outperformed when OPEC extends policy

May 26 10:47am Energy
The S&P energy sector trades in line with the index a month after OPEC rolls over policy, but some stocks outperform.
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Oil prices edge up after plunging on disappointing OPEC output decision

May 26 10:30am Energy
Oil prices were choppy on disappointment that an OPEC-led exporter group did not cut production more deeply.
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Elon Musk hates hydrogen, but automakers are still investing in it and for good reason

May 26 10:05am Energy
Elon Musk is no fan of hydrogen fuel cells, but some of the world's major automakers still think it is a good bet.
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The US shale business undercuts the biggest global alliance, leading oil analyst says

May 26 10:05am Energy
"I think OPEC is actually back in business as a swing producer," says the leading oil analyst.
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White House chief economic advisor: Trump will hear out Europeans on Paris climate deal

May 26 9:43am Energy
President Donald Trump is "leaning to understanding the European position" on the Paris climate deal, Gary Cohn says.
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Oil prices dip after plunging on disappointing OPEC output decision

May 26 8:26am Energy
Oil prices extended losses on disappointment that an OPEC-led exporter group did not cut production more deeply.
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European markets lower as oil stocks weigh; sterling falls; G-7 meeting watched

May 26 3:30am Energy
European bourses were lower on Friday morning as slumping oil prices continued to weigh on investor sentiment.
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Oil drops after OPEC-led output cut extension falls below expectations

May 26 12:50am Energy
Oil markets remained weak on Friday after tumbling in the previous session.
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Gianforte wins Montana special House election despite being charged with assault

May 26 12:47am Energy News Headlines - Yahoo! News
Republican Greg Gianforte claimed a narrow victory in Montana’s special election for the state’s at-large congressional seat, defeating Democrat Rob Quist one day after being charged with misdemeanor assault.
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Higher oil prices at year-end?

May 25 10:06pm Energy
The fall in oil prices is a blip caused by markets taking profit on OPEC's decision to extend output cuts, says Bryan Goh, Bordier & Cie.
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Oil remains weak after OPEC-led output cut extension falls below expectations

May 25 9:53pm Energy
Oil markets remained weak on Friday after tumbling in the previous session.
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Oil price decline after OPEC output cut extension an 'overreaction': Analyst

May 25 9:29pm Energy
There may still be upside for crude prices even if investors appear let down by an OPEC production cut extension, an analyst said.
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Wipe Out! - Putting Frac Sand Supply, Demand and Prices in Perspective

May 25 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
The accelerating trend toward high-intensity completions in the Permian, SCOOP/STACK, Marcellus/Utica, Haynesville and other key shale plays is sharply increasing demand for frac sand. As a result, there's upward pressure on sand prices and there are shortages of certain grades of sand that may continue into 2018.  There is also increased interest in developing sand mines near production areas. It’s important to remember, though, that (1) there’s no evidence that sand-supply issues will seriously curtail drilling and completion activity, and (2) higher sand costs can be offset by the production gains that usually come from using a lot more sand. Today we continue our surfing-themed series on sand costs and water-disposal expenses with a look at the forecast for 2017-18 demand for frac sand, sand pricing trends, efforts to develop regional sand supply sources and the bottom-line upside of high-intensity completions.
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Where oil prices are going

May 25 8:46pm Energy
OPEC's output cut extension should result in Brent averaging $55 a barrel due to a drawdown in inventories, says Sushant Gupta, Wood Mackenzie.
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'OPEC has long since been relevant'

May 25 7:15pm Energy
Keith Fitz-Gerald, Moneymorning.com, says oil prices are unlikely to go above $60, and makes the case for energy stocks.
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Russia's not ruling out a deeper cut to oil production after OPEC disappoints

May 25 6:00pm Energy
Russia's energy minister has underlined how global oil producers still have the flexibility to help rebalance markets.
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Energy fell but didn't dramatically affect market: Trader

May 25 4:00pm Energy
CNBC's Mike Santoli talks about the S&P and Nasdaq closing at record highs. Stephanie Link, TIAA Investments, weighs in.
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Oil prices should grind higher into the $60s later this year, RBC's Croft says

May 25 3:45pm Energy
Oil prices dropped after OPEC announced it was extending production cuts, but Helima Croft sees higher prices ahead.
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Commodities tomorrow: OPEC cuts already baked in

May 25 3:03pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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US crude settles at $48.90, tumbling nearly 5% on disappointment in OPEC's production policy

May 25 2:32pm Energy
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
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GOP senators urge Trump to make clean exit from Paris Agreement

May 25 12:30pm Energy News Headlines - Yahoo! News
A group high-profile Republican senators, including Majority Leader Mitch McConnell, are calling on President Trump to make a “clean break” from the Paris Agreement on climate change.
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Oil falls below $50, tanking about 4% as OPEC output cut extension disappoints market

May 25 12:24pm Energy
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
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OPEC and non-OPEC members agree to extend production cuts for nine months; oil prices slip 4%

May 25 12:20pm Energy
OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday, OPEC delegates said according to a Reuters report.
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Paul Ryan says Gianforte should apologize, not withdraw, after altercation with reporter

May 25 12:02pm Energy News Headlines - Yahoo! News
House Speaker Paul Ryan said Thursday that GOP candidate Greg Gianforte should apologize for an apparently violent interaction with a reporter, but Ryan also said he would accept the Montanan into the House if he won his special election later in the day. “First, let me just say physical altercations — there’s never a call for physical altercations,” Ryan said when asked whether Gianforte should withdraw from the race. “There is no time where a physical altercation should occur or just between human beings, so that is wrong and it should not have happened.
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Europe ends under pressure as oil prices tumble on OPEC; Petrofac tanks 30%

May 25 11:29am Energy
European markets ended lower Thursday as a sharp fall in oil prices weighed on sentiment.
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Answer the question: Bernie Sanders clashes with Trump budget chief during hearing

May 25 11:08am Energy News Headlines - Yahoo! News
Fireworks erupted Thursday when President Trump’s budget chief sparred with a Senate panel over the administration's proposed 2018 budget, most notably trading barbs with Sen. Bernie Sanders, I-Vt., over potential cuts to entitlement programs.
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European markets feel the heat as oil prices decline; Petrofac tanks 33%

May 25 10:38am Energy
European markets were feeling the pressure on Thursday after it was announced that OPEC would be extending its production cuts.
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Who is Greg Gianforte, the Montana House candidate who allegedly attacked a reporter?

May 25 10:26am Energy News Headlines - Yahoo! News
The GOP candidate in Montana’s special congressional election is facing a new challenge: a misdemeanor assault charge issued Wednesday night.
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Obama in Berlin: We cant hide behind a wall

May 25 10:21am Energy News Headlines - Yahoo! News
Former President Barack Obama and German Chancellor Angela Merkel attend a discussion at the German Protestant Kirchentag in front of the Brandenburg Gate in Berlin on May 25. Former President Barack Obama seemed to take a subtle swipe at his successor Thursday, telling a Berlin audience that the world cannot “hide behind a wall” — an apparent reference to President Trump’s signature campaign promise to build a wall on the U.S.-Mexico border. Obama was in Germany for Kirchentag, a conference affiliated with the Protestant church that he attended at the invitation of German Chancellor Angela Merkel.
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European markets feel the heat as oil prices drop; Petrofac tanks 30%

May 25 9:40am Energy
European markets were feeling the pressure on Thursday after it was announced that OPEC would be extending its production cuts.
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Montana papers retract their Gianforte endorsements after assault citation

May 25 9:20am Energy News Headlines - Yahoo! News
Three major Montana newspapers have rescinded their endorsements of Greg Gianforte, the Republican candidate for the House of Representatives, after the was cited with assault.
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European markets sink as oil prices tumble; Petrofac tanks 30%

May 25 9:19am Energy
European markets were feeling the pressure on Thursday after it was announced that OPEC would be extending its production cuts.
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OPEC has made its long-awaited oil output decision, and the market is not happy

May 25 8:25am Energy
OPEC extended its crude oil output cuts by nine months, but some investors expected the cartel to do more.
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OPEC deal to cut output: Here's what needs to happen for it to work this time

May 25 8:18am Energy
OPEC's initial six-month deal to cut oil production failed to achieve its goal of shrinking huge global stockpiles.
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OPEC agrees to extend oil production cuts for nine months, delegate tells Reuters

May 25 7:25am Energy
OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday, an OPEC delegate said according to a Reuters report.
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Oil prices drop after OPEC reportedly prolongs production cut as traders wanted more

May 25 7:16am Energy
U.S. West Texas Intermediate (WTI) crude futures extended losses on Thursday morning as OPEC reportedly announced it would extend cuts in oil output by nine months to March 2018.
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Whitehalls Fracking Science Failure

May 25 7:07am Resilience
The issue here is about science and uncertainty. So first, What is ‘science’? It is a process for how we find, measure and then evaluate the real world in order to identify how it works. The problem is, particularly for contentious debates in the media and politics, that we seldom hear about the degree of confidence attached to scientific findings, or the uncertainties that surround them. The post Whitehall’s Fracking Science Failure appeared first on Resilience.
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GE Energy Financial Services exceeds $15 billion in renewable energy investments

May 25 7:04am Energy
Renewable energy investment commitments from a business unit of GE now exceed $15 billion.
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The power of solar, part two

May 25 5:31am Energy
Sustainable Energy looks at the power and potential of solar.
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Wind energy to power Unilever sites in UK

May 25 5:25am Energy
Unilever has announced that 15 of its U.K. sites are using electricity from renewable sources.
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Oil prices extend losses as OPEC reportedly prolongs production cut for 9 months

May 25 5:13am Energy
U.S. West Texas Intermediate (WTI) crude futures extended losses on Thursday morning as OPEC reportedly announced it would extend cuts in oil output by nine months to March 2018.
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Saudi energy minister says 9-month extension is the 'safe bet' that should do the trick

May 25 5:09am Energy
Traders pushed oil prices higher on Thursday ahead of an anticipated extension of the OPEC-led production cut agreement.
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European markets higher; oil falls, Petrofac down 28%; Trump EU meeting eyed

May 25 3:48am Energy
European markets were higher Thursday as investors look ahead to OPEC talks and the latest leg of U.S. President Donald Trump's first foreign trip since taking office.
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