*OPEC oil production up 140,000 bpd in July- Reuters survey. LONDON, July 31- Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels. Brent crude oil was down 25 cents at $53.06 a barrel by 1350 GMT.» Read More
Economic troubles at the only remaining rival bidder for the 2022 Olympics have left an open path for Beijing to host again.
CNBC's Jackie DeAngelis reports natural gas inventories rises 91 billion cubic feet.
Discussing global oil production, CNBC's Jim Cramer says you're not going to see oil rise until the Saudi's make a deal with Venezuela.
The "Squawk on the Street" news team discusses what's working for the U.S. stock market after a wave of positive economic news in the U.S. and Europe.
Michele Della Vigna, head of European energy research at Goldman Sachs, says big oil companies need Brent crude at $110 per barrel to cover capital expenditure and dividend costs, but adds the oil price will remain under pressure in 2015.
Joe Kaeser, CEO of Siemens, says there is "strategic rationale" behind continuing to carve up the company's health care businesses.
Joe Kaeser, CEO of Siemens, says he is not concerned that the falling oil price will weaken demand for the company's wind turbine generation technology.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude bounced in the morning after reports of an explosion at a Saudi pipeline. That and a bullish inventory report drove the price up a bit.
Now that Republicans are taking control of the Senate, John Kingston, Platts director, discusses what that means for Keystone XL legislation and export laws.
While oil is trading higher, there has been a major decline in the price of crude over the past few days. CNBC's Michelle Caruso-Cabrera goes to the charts to look back on oil production trends in the U.S.
CNBC's Jackie DeAngelis speaks to trader Peter Amandio about the lower-than-expected build in crude oil inventories and where he expects prices to go in the next month.
The "Squawk on the Street" crew dissect the play on oil companies including EOG Resources after the company posted a great third quarter.
Alejandro Barbajosa, VP, Crude & LPG - Middle East & Asia-Pacific at Argus Media, says Saudi Arabia's recent pricing decisions could prompt "strong cohesive actions" from OPEC.
Richard Yetsenga, Head of Global Markets Research at ANZ, discusses the rationale behind Saudi Arabia's surprise move in cutting oil prices for U.S. customers.
Jamie Baker, JPMorgan U.S. senior airline equity analyst, discusses the play on airlines in the face of lower oil prices.
John De Clue, CIO at U.S. Bank Wealth Management, advises investors to stay away from U.S. stocks as of now as markets are unsettled.
John Licata, Founder & Chief Energy Strategist of Blue Phoenix, describes how the Fed and Saudi Arabia's decision to lower prices of oil exported to the U.S. are weighing on oil prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil fell to $75 today but ended up a bit above $77. Strength in the dollar continues to drive oil prices lower.
Discussing Saudi oil production and where oil will bottom out, with former Gulf Oil CEO Joe Petrowski.
CNBC's Jackie DeAngelis, reports crude oil trimmed some of its losses to close over $77 a barrel.