CNBC's Jackie DeAngelis reports on crude oil prices surging to their highest level since July 2015.
Nigeria’s Oil Minister, Emmanuel Ibe Kachikwu, says there is a good appetite for Nigerian oil in Asian countries.
Nigeria’s Oil Minister, Emmanuel Ibe Kachikwu, says the African country would’ve liked OPEC to reach a deal earlier, while commenting on OPEC’s credibility.
As producers hope to improve the market for oil prices, Nigeria’s Oil Minister, Emmanuel Ibe Kachikwu, takes a look at the risks that could impact recent deals.
S&P Global Platts OPEC Specialist, Herman Wang, takes a look at Saudi Arabia’s role in the new production deal, and whether nations will fulfill the agreement without cheating.
S&P Global Platts OPEC Specialist, Herman Wang explains why there may be “reason to suspend some skepticism” surrounding the OPEC oil deal with non-OPEC producers.
There might be greater commitment from oil producers but discipline to the cuts is a different story, says Cedric Chehab at BMI Research.
However, it will be a "buy the rumor, sell the fact" type of market, says Wayne Gordon at UBS.
Oil producers will gladly cut output given the larger-than-corresponding increase in prices, says David Kuo at The Motley Fool Singapore.
Compliance with the OPEC deal could negate any output increases from U.S. oil producers, says Daniel Hynes at ANZ.
Shares in China took a tumble on Monday after regulatory curbs on aggressive share purchases by insurers.
Crude oil prices jumped at the Asian open after OPEC and non-member producers agreed on a deal to cut output to ease a global supply glut.
It's in the interests of oil producers to be committed to the OPEC deal, says Jonathan Barratt at Ayers Alliance Securities.
Todd Horwitz at Bubbatrading.com explains why he's skeptical of the OPEC-led output cut deal.
OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut.
Trump's Energy Department transition team sent the agency a memo this week seeking names of people who worked on climate change.
The cartel's production cuts are expected to make it possible for Americans to ply the route to Asia from the United States.
The Qatar Investment Authority and Glencore signed a deal on Saturday to buy 19.5 percent of Rosneft, which said it would receive $11.37 billion.
Russia and Saudi Arabia said they expect OPEC and non-OPEC producers to reach a deal Saturday to curtail oil output and prop up prices.
For the first time in months, oil industry officials are hopeful that crude prices could stick above $50 per barrel.
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