• Ali Bin Ibrahim al-Naimi, Saudi Arabia's petroleum and mineral resources minister, speaks during the 2016 IHS CERAWeek conference in Houston, Texas, U.S., on Tuesday, Feb. 23, 2016.

    U.S. oil prices closed higher Wednesday in seesaw trading, as strong U.S. gasoline demand offset worries over record high crude stockpiles.

  • Crude stockpile builds 3.5M barrel

    CNBC's Bertha Coombs reports on crude oil inventories, saying commercial crude stockpiles rose by 3.5 million barrels.

  • Emerson Electric's CEO on the state of oil

    Brian Sullivan discusses the current state of the oil market with Emerson Electric president, Ed Monser, and why now is the time to downsize and monetize current assets.

  • StatOil's long-term oil outlook

    Brian Sullivan sits down with Statoil’s Torgrim Reitan to discuss long-term oil outlooks and opportunities in the market.

  • L1 Energy's optimistic outlook

    Brian Sullivan is joined by former BP CEO & L1 Energy Executive Chairman, Lord John Brown, to discuss how the oil markets might be providing better returns on capital now than previously upturns.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock futures were under pressure this morning, succumbing once again to oil weakness after Tuesday's declines gave back much of Monday's gains.

  • Oil refinery

    Saudi Arabia's oil minister declared Tuesday that he was not at war with shale oil drillers, but it's clear the U.S. industry is still under siege.

  • Solar panels in Florida

    Duke Energy's 5-megawatt solar facility near Orlando, Florida, appears to have taken shape in the form of Disney's iconic Mickey Mouse character.

  • Saudi Arabia oil production

    Every month that oil stays below $80 a barrel, Saudi Arabia loses money. CNBC estimates when the kingdom may run out of money.

  • Airbus isn't expecting the low oil price to hurt its order book, the European aerospace giant's chief executive told CNBC.

  • oil rig workers energy prices

    Pavel Molchanov, senior vice president and energy analyst at Raymond James, predicts oil could reach $60 by the end of the year.

  • Traders at the New York Mercantile Exchange.

    Significant volatility in the oil market is now a consensus view, according to Goldman's Jeffrey Currie.

  • A gas flame is seen in the desert near the Khurais oilfield operated state oil giant Saudi Aramco, about 160 km (99 miles) from Riyadh.

    Oil prices will remain pressured this year as Saudi Arabia and Iran compete for market share in Asian economies, Stephen Schork says.

  • The COP21 talks in Paris were a great success in galvanizing global action, the CEO of Spanish utility Iberdrola told CNBC.

  • A worker on a Chesapeake Energy natural gas rig in in Fort Worth, Texas.

    U.S. natural gas producer Chesapeake Energy more than halved its annual capital budget and said it would sell more assets this year.

  • North Sea oil rig `Gullfaks C' in bad weather

    JPMorgan Chase is adding another layer in its capital buffer against energy, metals and mining loan losses, setting aside $600 million for losses.

  • Equities and oil prices

    Stronger consumer sentiment and spending might break the relationship between oil and equities, says The Private Client Reserve's David Schiegoleit.

  • Energy market is set for restructuring: CEO

    Glenn August, founder and CEO of Oak Hill Advisors, says there will be substantial debt-for-equity and rescue financing for energy companies.

  • 2015 was a good year: Iberdrola CEO

    Ignacio Galán, chairman and CEO of Iberdrola, discusses his company's earnings and conditions in the Spanish economy.

  • Saudi Arabia's Oil Minister Ali al-Naimi.

    Saudi oil minister Ali Ibrahim Al-Naimi says producers will hopefully reach an output freeze deal, but production cuts will not happen.

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