Dwindling Oil Surplus Fires Up Prices

Crude oil stockpiles are going down at a time of year when they usually build up. Sean Brodrick tells you where he thinks prices are going next.

BP CEO Confident About Operating in Russia

Jan. 17 2011 | BP CEO Bob Dudley told CNBC in an interview that the deal the group has struck with Rosneft will not have any impact on any of the settlements it is making in the US after the Gulf Coast oil spill. TNK-BP has been a very successful joint venture in Russia, Dudley said, adding that this deal will expand the scope of that.

Oil for Two: Giants BP, Rosneft swap stakes, join forces to share Arctic shelf

Two of the largest oil companies in the world - Russia's Rosneft and BP- are getting together for a multi-billion dollar venture. They've sealed a stock swap, and agreed to explore and extract the untapped riches of the Arctic seabed together.