CNBC Energy

Oil declines as market surplus forecast counters Libya worries
Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya's crude output.

Bank of America CEO says clients want to invest in companies 'doing right by society'
Bank of America CEO Brian Moynihan says its wealth management business has $25 billion in ESG funds and that investor interest will continue to grow.

UK government increases funding for electric charge points to $13 million
The money could fund up to 3,600 charging points, according to the government.

Iraq doesn't want to be a 'long-term battleground' between US and Iran, says energy CEO
Iraq doesn't want to be caught in a "tug of war" between the United States and Iran, Majid Jafar, CEO of Crescent Petroleum, told CNBC.

Oil prices ease as supply risk concerns fade
Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.


World Oil Daily Brief podcast, Tuesday, January 21st, 2020
At Davos, energy chiefs tout CO2 capture technologies while Greta Thunberg slams progress; the U.S. shale industry has already peaked for service companies; and oil claws back some recent losses following prolonged unrest in Libya.

EIA forecasts crude prices will fall in the next six months, then rise through 2021
EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half of 2020 and in 2021.

McDermott to file Chapter 11 today, plans to sell Lummus unit
The Houston-based company said that it has the support of two-thirds of the holders of its funded debt in a pact that will eliminate more than $4.6 billion of debt by swapping it for equity, according to a statement.