Energy

Reaction to death of Saudi king

Investors paid close attention to Saudi Arabia, the world’s largest exporter of petroleum and what effect the death of the Saudi king may have on the energy markets.

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A gas station on Jan. 20, 2015 in Dellwood, Mo.

Gas prices went down in 2014. We know that. In fact, the average national gas price in December 2014 was a slim $2.50, down significantly from $3.25 a year prior, in December 2013. But did that drop in prices lead to fatter wallets, or did Americans spend more on everything else instead? According to exclusive …

Layoffs hit the oil patch

The steady decline in oil prices is now prompting some energy companies to scale back, not only on production, but also on their workforce.

Mario Anzuoni | Reuters
Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, Calif.

The U.S. solar industry employs nearly 174,000 Americans, up nearly 22 percent in a year. “Solar employment grew nearly 20 times faster than the national average employment growth rate,” said The Solar Foundation, which released the numbers Thursday in its annual census on solar jobs. While 174,000 jobs is little more than one-tenth of 1 …

Oil shock in Canada

Brian Sullivan takes a look at how the drop in crude prices is sending a chill across Canada’s energy industry.

Q4 earnings outlook

With energy prices tumbling and the dollar soaring, will companies have a new excuse for less-than-stellar earnings?

Crude’s tipping point

Oil prices plunge to a near six-year low. How low is too low when it comes to crumbling crude?

Andy Buchanan | Reuters
An oil platform is seen in the North Sea, around 100 miles east of Aberdeen, Scotland.

If oil prices keep falling, at some point it’s not profitable to pull it out of the ground. But we’re not there yet, according to an analysis of production costs by an energy consulting firm. In fact, even if the Brent price index falls another 20 percent from Friday’s closing price—to $40 a barrel—just 1.6 …

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Feeling a little more flush this year? Well, you soon could be – the dramatic fall in oil prices is expected is free up an average of $700 for each American household in 2015, according to the French lender Societe Generale. If prices of around $2.31 a gallon are sustained this year, then households would …

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Last year was a tumultuous year for oil, with Brent crude prices declining around 50 percent since June on the back of an over-supplied market and lack of global demand. From “old school” oil producers Russia and Saudi Arabia in the east to shale oil in California and oil sands in Alberta in the west, …

2015 outlook: energy

Jackie DeAngelis tells us her outlook for energy in 2015.

Wild ride for crude

Jackie DeAngelis takes a look at the sentiment in the energy market as we head into 2015 and the possible wild card that’s emerging in the sector.

Alexei Nikolsky | AFP | Getty Images
Russia's President Vladimir Putin (R) speaks with Russian gas monopoly Gazprom CEO Alexei Miller.

Barely two weeks after President Vladimir V. Putin annexed Crimea on one side of the Black Sea, he won a different prize on the other side. In Bulgaria’s Parliament, lawmakers gave initial passage to a bill clearing the way for a mammoth gas pipeline from Russia. The pipeline, known as South Stream, was Mr. Putin’s …

Pete Turner | Riser | Getty Images
The sun sets over an oil refinery in Saudi Arabia.

The oil price hit a 5-½-year low on Tuesday, in a move likely to wreak yet more economic havoc on countries like Russia and Venezuela—but major oil producer Saudi Arabia looked to be relatively unscathed. Prices extending losses into a fourth session, before turning positive. One analyst told CNBC that Saudi Arabia—the largest producer in …

Sharp drop in nat gas prices

Natural gas prices are collapsing. Are the savings consumers are seeing at the pump and now, possibly, heating bills, just what the markets and economy need?