Energy

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Weak demand and oversupply in oil markets raise the risk of global social instability and the potential for financial defaults, the International Energy Agency (IEA) warned on Friday, as it cut its forecasts for global oil demand growth in 2015. The report came as oil prices slid to new multi-year lows, with Brent crude hitting …

Oil & stocks sell off

It was an ugly day on Wall Street with stocks diving and crude cratering. Is this the beginning of a steeper selloff?

Win McNamee | Getty Images

An economist who correctly predicted the fall in oil price this year has told CNBC that the U.S. government could look to bail out its energy sector in 2015 as the commodity’s low price starts hitting the country’s economy. “The U.S. energy sector is clearly important,” Steen Jakobsen, the chief economist at Danish investment bank …

Daniel Acker | Bloomberg | Getty Images

As energy prices have been hammered in recent weeks, some of Wall Street’s biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter. The commitments could put banks including JPMorgan Chase, Goldman Sachs, and Morgan Stanley …

Energy companies change spending plans

As crude prices continue to decline, some big oil companies may be forced to rethink their spending plans for 2015.

Alexander Korolkov | AFP | Getty Images

Oil prices fell to a five-year low on Monday, after Morgan Stanley cut its 2015 forecast for Brent crude, citing oversupply. The bank said crude prices could average as little as $53 per barrel in 2015, although its base case scenario was for $70. This was down from an earlier estimate of $98. “Without OPEC …

Future of energy exploration

Jackie DeAngelis takes a look at how new technology will help drive oil industry growth and help North America become a global energy leader in the future.

Marty Steinberg | CNBC
Gas prices remain well under $3 a gallon in Union, N.J.

Economists call it the “rockets and feathers” phenomenon. Rockets zoom higher, but feathers float lower. There’s pretty wide agreement that gasoline prices seem to rise quickly when oil spikes, but they don’t fall so quickly when crude crashes. There’s little consensus about why. The latest data point comes with the recent plunge in global crude …

Andrew Cullen | Reuters
A new oil well head waits to be fracked at a Hess site near Williston, North Dakota

No one can be sure how far oil will fall before it bottoms, but investors soon are likely to begin picking their spots and buying up beaten-down energy stocks. Companies on the S&P 500 that make up the sector collectively have lost 7.3 percent in 2014 and in fact are the only loser of the …

Companies that benefit from lower oil prices

The steep and steady decline in oil prices has been a big relief for industries and companies that use a lot of crude. Jackie DeAngelis tells us which companies are benefiting.

Bakken boom going bust?

If oil prices continue to crumble, Brian Sullivan takes a look at what might happen to one of America’s greatest economic success stories: North Dakota’s Bakken shale.

Tim Boyle | Bloomberg | Getty Images

From the time they were kids, today’s retirees have learned the same basics about investing in utilities: They may not grow any faster than the economy, but you can always count on them to pay hefty stock dividends and reliably cover the interest on their bonds. Now solar power is posing a threat to that …

Oil prices tumble

Crude got crushed and energy stocks got slammed. What’s the outlook for oil prices following OPEC’s decision to not cut output?

The future of energy

As our energy consumption grows, the race to develop alternatives is more important than ever. Morgan Brennan tells us what new technologies could power the future.

Justin Solomon | CNBC
OPEC HQ's in Vienna, Austria.

The head of the Organization of Petroleum Exporting Countries (OPEC) has denied the group’s members are playing a game of chicken with oil U.S. producers. “That’s 100 percent false,” Secretary General Abdalla Salem el-Badri told CNBC when asked whether the group was testing the nerve of the U.S. oil industry, adding that American oil production …