News

CNBC Energy

Oil prices dip ahead of US stockpile data; industry report signals rise in inventories
Oil prices came under renewed pressure on Wednesday after an industry report suggested U.S. inventories increased.

Halliburton is in talks to buy billionaire Kaiser's equipment firm
Halliburton is in late-stage talks to acquire a U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser.

Oil pulls back on preliminary data showing surprise jump in US stockpiles
Oil prices surged on Tuesday, as traders covered short positions and anticipated a drop in U.S. crude inventories.

We'd love to see coal generate electricity: Union Pacific CEO Lance Fritz
Lance Fritz, Union Pacific CEO, responds to remarks from Energy Secretary Rick Perry about having a debate on climate change and using coal for energy production.

Saudi Arabia and OPEC's June oil exports spell trouble for crude prices
After a drop in Saudi oil exports in April and May, June crude loadings are back on the rise, according to ClipperData.

WorldOil

Cyberattack affects Rosneft production, hits new targets in Asia
A new cyberattack reached parts of Asia after hitting businesses, port operators and government systems in Europe, U.S. and South America.

Rosneft finds first oil field offshore eastern Arctic
Russia's largest oil producer Rosneft said on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western sanctions.

Study shows Quebec’s economy benefits from Canadian oil sands
Economic analysis shows that Canada’s oil sands generate significant economic benefits for Quebecers, including 16,200 jobs, $1.25 billion in GDP and $215 million in government revenues, according to an independent study prepared by AppEco.