US shale pumping will see oil prices slide back to $50, JP Morgan analyst predicts
Efficiency improvements from the world’s largest oil-producers could see prices slide back to near $50 a barrel, according to J.P. Morgan. Source: CNBC RSS...
Efficiency improvements from the world’s largest oil-producers could see prices slide back to near $50 a barrel, according to J.P. Morgan. Source: CNBC RSS...
Oil prices rose as OPEC and other suppliers look set to continue withholding output for the rest of the year. Source: CNBC RSS...
A lawyer for Chevron agreed that human activity is changing the climate and that it warrants action, Vox reports. Source: CNBC RSS...
The oil market's rally broke down on Wednesday as U.S. crude stockpiles jumped and geopolitical tensions faded. Source: CNBC RSS...
CNBC's Jackie DeAngelis reports the latest read on crude oil and gasoline inventories from the EIA. Source: CNBC RSS...
Saudi Arabia's economic diversification could have a bigger impact than its oil wealth has had, Wilbur Ross said. Source: CNBC RSS...
Oil and gas producer Concho Resources on Wednesday said it would buy smaller rival RSP Permian for an equity value of about $8 billion. Source: CNBC RSS...
Oil prices fell on Wednesday following a report of increasing U.S. crude inventories that surprised many traders. Source: CNBC RSS...
OPEC is seeking a long-term deal to cooperate on oil output controls with Russia and other non-OPEC producers, said Saudi Crown Prince Mohammed bin Salman. Source: CNBC RSS...
Oil prices rose, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Source: CNBC RSS...