Read the latest news articles relating to the oil and gas industry.
Pierre Wunsch, governor of the central bank of Belgium, told CNBC a sustained shock in oil markets could lead the European Central Bank to hike again, though inflation is currently on the ri... Read more
Saudi Arabia experiences forgone oil revenues by keeping domestic oil prices below market levels. This paper estimates that the true forgone oil revenues to the Saudi government may not be a... Read more
The International Energy Agency said in its latest monthly oil market report that while the Israel-Hamas war had not yet had a direct impact on physical supply, oil markets would “rema... Read more
The market has priced out all the fear put into oil’s price after the surprise Hamas attack on Israel, which could be a bet that the fighting will not spill over to OPEC member Iran. In earl... Read more
Scott Sheffield, CEO of Pioneer Natural Resources. Adam Jeffery | CNBC Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in Hamas... Read more
Oil futures edged lower Wednesday, with traders awaiting any sign the Israel-Gaza war will spill over to threaten crude supply. Price action Market drivers Oil futures were lower for a secon... Read more
North Atlantic Treaty Organization Secretary General Jens Stoltenberg cautioned that any deliberate damage to the alliance’s critical infrastructure would warrant a response after an u... Read more
LIVE UPDATES Updated Wed, Oct 11 20233:53 AM EDT ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email This is CNBC’s live blog trac... Read more
Alphabet shares are up 56% in 2023, but the stock still looks promising, according to Karen Firestone, CEO of Aureus Asset Management. “We still think it’s very attractive,... Read more