Energy

Source: Department of Energy | Flickr
Teams gather for the Department of Energy's Solar Decathlon competition.

Solar power could trump alternatives like fossil fuels, wind, hydro and nuclear to be the world’s largest source of electricity by 2050, according to a prominent energy watchdog. The International Energy Agency (IEA), which is best known for its monthly oil updates, published two reports on Monday detailing how greater use of solar energy could …

Pressure to export crude oil

A new report suggests that U.S. crude prices could tumble $30 below international prices, unless the nation begins exporting some of the product it’s producing.

Ahmad Al-Rubaye | AFP | Getty Images
Oilfield workers at a drilling platform near the Iraqi city of Badra, south of Baghdad.

Geopolitical tensions between Russia and the West and troubles in Middle East have dominated headlines all summer, but investors so far have managed to shrug off fears, with the market reaction remaining fairly contained. The Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crude oils slid to $94.31 on Tuesday, the lowest level since …

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 Oilprice.com, 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 …

Getty Images

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.