Gas prices could hit a 4-year low

Gas prices this autumn are expected to be the lowest in four years.

Energy pressures stocks

The big driver sending the markets lower was a dip in energy stocks as the price of oil continued to decline.

Liu Jin | AFP | Getty Images
Workers tend to a drill well at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province.

Chinese demand for natural gas is going to increase hugely over the next 25 years, according to the U.S. Energy Information Administration, and American firms are probably going to benefit. According to an article from, demand from China will triple by 2040, hitting 17.5 trillion cubic feet. But given that the country has had a hard time …

Brad Quick | CNBC
Tom Wheeler is a landowner in Ray, North Dakota, the heart of the state's oil-rich Bakken Basin, one of the world's largest shale formations.

From his driveway, Tom Wheeler’s view of North Dakota’s sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota’s booming shale play, that horizon has become increasingly marked by natural gas flares. Wheeler, 59, owns …

Adam Jeffery | CNBC
T. Boone Pickens

Oil and gas entrepreneur T. Boone Pickens thinks international oil prices will stay high indefinitely—over $100 a barrel—despite recent declines in the futures market. At the Investools 4th Annual Investor Education Conference in Dallas, Pickens reminded investors that OPEC’s largest producer, Saudi Arabia, needs oil prices to remain elevated in order to maintain its social spending programs; therefore, the Organization of …

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The crude oil market has seen dramatic spikes starting with the Arab Spring in 2010 and continuing into this past June, but some investors are betting that the bull market for oil is over. “We had a situation in oil where we were in a prolonged bull market,” Stephen Schork, editor of the Schork Report, …

Where’s the spike in oil prices?

Why aren’t oil and gas prices rising sharply, along with tensions in Iraq?

Elizabeth Schulze | CNBC
Crews from Enbridge Energy Partners inspect a crude oil pipeline in Thief River Falls, Minn.

Pipeline companies are viewed by Wall Street as engines of growth, especially as the oil boom in the U.S. continues. While the industry will probably still use rail and barge for smaller markets, pipelines are often seen as the most reliable way to move large volumes of crude. Analysts and the International Energy Agency estimate …

Source: United States Coast Guard
The United Kalavryta.

The buyer of Kurdish crude oil sitting off the coast of Texas is a companycalled Talmay Trading of the British Virgin Islands, CNBC has learned. According to documents seen by CNBC, Talmay, using a London shipbroker, hired AET Offshore Services of Dallas, Texas, on July 17, 2014, to unload roughly 1 million barrels of crude in …

Ahmad Al-Rubaye | AFP | Getty Images

Oil prices are heading for their third consecutive weekly loss as tensions in the Middle East and North Africa ease, but supply risks in the region for next year remain “extraordinarily high”, the International Energy Agency (IEA) warned. Markets are “more optimistic” about future supply, the energy watchdog said in its July report on Friday, …

Second half outlook: energy

From geopolitical tensions in Iraq and Ukraine to political policy in the U.S., gas prices will definitely be in focus in the second half of the year.

Oil exports and gas prices

U.S. oil exports could help bring global crude prices in check, but what consumer want to know is if it will mean cheaper prices at the pump.

Easing oil export rules

The White House is easing up on a decades-long ban on exporting U.S. oil, allowing some companies to begin sending certain oil products out of the country. Morgan Brennan takes a look at what this could mean for the energy sector.

Summer pain at the pump

The violence in Iraq is one reason why gasoline prices here in the U.S. are especially high for this time of year and experts say they could keep going up.

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Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

Supporters of the Keystone XL Pipeline have found a new talking point: Iraq. Violence exploding in one of the world’s largest oil-producing nations is ricocheting in the debate over U.S. energy policy. Backers of the pipeline, which would run from Alberta, Canada, to Texas, are pointing to the crisis in Iraq as a rationale for pushing the project …