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Press Releases

Commodities tomorrow: Crude falls again

CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.


Crude down again

CNBC's Jackie DeAngelis reports on oil's close, live from the floor of the NYMEX.


ConocoPhillips reduces 2016 capex, aims to return more cash to shareholders

ConocoPhillips reports a wider-than-expected loss and lowers its planned capital expenditures for the year.


Shell stock tumbles on profit shortfall

Royal Dutch Shell reported its lowest quarterly earnings in 11 years, missing the consensus estimate by more than $1-billion.


Goldman Sachs says oil market fundamentals 'fragile,' oil prices to stay flat until mid-2017

Crude oil prices will remain in the $45-$50-a-barrel range till mid-2017, with little to change the global supply and demand situation, Goldman Sachs said.


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.