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Press Releases

The supply glut swells

People are getting nervous about what's going to happen to oil in the second half of the year, reports CNBC's Jackie DeAngelis.


World Bank raises 2016 oil price forecast

The World Bank ups its outlook on crude oil prices this year, but predicts a slow recovery.


Saudi royal oil group at heart of 1MDB case

U.S. authorities have left PetroSaudi grappling with questions over its dealings with scandal-racked 1MDB, the Malaysian state wealth fund.

Source: Financial Times

Energy giants' earnings slump on low oil prices

Norwegian energy giant Statoil posted a slump in second-quarter earnings on Wednesday, as low oil prices continued to weigh on the industry.


Statoil CEO: On track with cost reductions

Statoil CEO, Eldar Sætre, says the oil giant continues to feel confident about its financial situation with a very strong balance sheet.


Low prices, low margins to continue: Statoil CEO

Statoil CEO, Eldar Sætre talks about the oil giant’s latest earnings release, in light of the persistent low oil price environment.


Oil market disaster: This is a glut without end in sight, expert says

The oil industry has an oversupply issue that won't be balancing out soon, Again Capital's John Kilduff says.


Commodities tomorrow: Not many bulls in oil trade

CNBC's Courtney Reagan discusses the day's activity in the commodities markets.


Why oil prices will head lower

Oil prices are heading lower in a shakeout that could continue into the fall.


Crude's new normal

As oil drops for the fourth straight day, should investors accept that $40 to $45 is the new normal? Kent Moors, Energy Capital Research Group, and John Kilduff, Again Capital, discuss.