Even partial compliance with the OPEC deal will lead to a tighter market and a production deficit, says Victor Shum at IHS Energy Insight.
The "Futures Now" team discusses the recent pullback in crude oil and natural gas.
After a year of relatively cheap driving, gasoline prices are creeping higher and consumers could even see a price spike by mid-2017.
This comes on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.
The OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017 enters into force this Sunday.
Amrita Sen, chief oil analyst at Energy Aspects, takes a look at oil’s supply and demand story during the course of 2017.
Amrita Sen, chief oil analyst at Energy Aspects, looks at where the price of oil is heading in 2017 and beyond, while commenting on oil deals.
OPEC will return to relevance after three years of sustained oil price declines and Capex cuts, an oil analyst said.
CNBC's Jackie DeAngelis reports on the oil market's last close of 2016.
Virendra Chauhan at Energy Aspects weighs in on oil production in 2017 and compliance with the OPEC deal.
Expect limited upside on crude prices in the first half of 2017, says Azlin Ahmad at Argus Media.
The U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates, or diesel, according to weekly government data.
A code associated with a broad Russian hacking campaign has been detected on a laptop associated with a Vermont electric utility.
Discussing the market impact from U.S. sanctions and a preview of the year ahead with Sam Azzarello, JPMorgan Funds, and John Silvia, Wells Fargo.
CNBC's Jackie DeAngelis takes a look at the moves in the energy markets.
Traders have raised their bets oil prices will rise, but OPEC's plans to cut production face significant challenges, John analysts say.
""It is regrettable that the Obama Administration is ending its term in this manner."
These are the stocks posting the largest moves after the bell on Thursday, including: Mylan, Lockheed Martin and more.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CNBC's Jackie DeAngelis reports the latest crude oil inventories from the EIA.
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