Energy

Robert Nickelsberg | Getty Images News | Getty Images
The petroleum refinery outside of Bayji in Iraq

One of the most important areas captured by Islamic State of Iraq and Syria (ISIS) looks as though it’s back in Western-backed hands. Iraqi security forces have re-entered the key Baiji oil refinery, which has been held by ISIS since June, in what the Iraqi General Abdul Wahab al-Saadi said to state media could be …

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The Democrat-controlled Senate failed to gather the 60 votes it needed to approve the construction of the Keystone XL pipeline. The Senate’s 59-41 vote Tuesday night was a nail-biter to the end. The Keystone XL pipeline project has been at the center of a major political debate since 2008 when TransCanda applied for permission to …

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Ahead of the Keystone pipeline vote, Jackie DeAngelis tells us the companies that could benefit if the pipeline is approved.

Cheap oil sparks merger talk

The steep price decline in oil is spurring discussions between Halliburton and Baker Hughes.

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

The U.S. House of Representatives has passed a bill that would authorize construction of the controversial Keystone XL pipeline from Canada. In a vote fraught with politics and overshadowed by the Louisiana Senate runoff, the Republican-led House approved the pipeline by a wide margin, with 31 Democrats joining 221 GOP members to pass the bill. …

Daniel Acker | Bloomberg | Getty Images
A weld shack is moved toward a pipe joint during construction of the Keystone XL Pipeline in Atoka, Oklahoma.

What if they voted for a pipeline but nobody came? As Congress rushes to approve the long-delayed Keystone XL pipeline, it is questionable whether or not the project will make as much of a difference as proponents expect. Since June, crude oil has declined by 28 percent, pushing the price that oil from new wells …

Winter chill for natural gas?

A winter weather blast across much of the U.S. this week has sent the price of natural gas spiking higher, weeks before the official start of winter.

Andrey Rudakov | Bloomberg | Getty Images

If oil prices stay where they are now, Russia’s economy could be in serious trouble and could face recession in the coming year, analysts warn. Sergei Guriev, a former advisor to the Russian government, told CNBC that, should oil prices stay at their near-record lows of around $82 a barrel, Russia, which is basing its …

Essam Al-Sudani | Reuters
A worker checks the valves at the West Qurna oilfield in southern Basra, Iraq, October 13, 2014.

The group of the world’s biggest global oil exporters has cut its forecasts for the price growth and global demand for oil. In its annual World Oil Outlook, published Thursday afternoon, the Organization of the Petroleum Exporting Countries (OPEC) said there would be a “small decline in real values” over this decade together with a …

Rocky road ahead for oil

As oil touches a three-year low, Jackie DeAngelis tells us all the factors causing prices to slide.

Exxon, Chevron post higher earnings

Despite a sharp drop in crude oil prices in October, two of the nation’s biggest oil companies managed to increase profits last quarter.

Huyangshu | iStock/360 | Getty Images

Markets should look for “a significant additional political risk premium on the price of Brent” if nuclear arms talks between Iran and major world powers break down, Nomura has warned. If Iran walks away from the negotiation table over the proliferation of nuclear weapons technology in the country, markets could easily be spooked over the …

Farah Nosh | Getty Images
An oil refinery in Kenai, Alaska.

The recent drop in oil prices is providing relief to consumers’ budgets in the form of lower gasoline prices. But if you happen to live in a region that’s a big energy producer, falling oil prices may soon take a bite out of your state’s budget. Take Alaska. The state, which relies on oil taxes …

Oil prices continue to decline

The price of oil fell below $80 a barrel during the trading day. That’s good news for drivers, but could be bad news for parts of the job market.

Market Monitor: Rob Thummel

Our Market Monitor guest has energy stock picks he says are direct beneficiaries of the U.S. energy renaissance.