CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day as traders buzzed about OPEC comments. Nat gas was hit again as temperatures warmed up. And gold had a slight rebound on the day.» Read More
*Payout may total up to 70 billion riyals. DUBAI, Jan 31- A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices. The announcement did not give a monetary figure, but Saudi Arabia's 860...
Brent crude oil has slid nearly 60 percent since June on ample global supplies and OPEC's decision to keep its production ceiling unchanged. OPEC's largest producer, Saudi Arabia in November refused to cut its output to arrest the price slide and decided instead to focus on market share. Falih said the imbalance in the oil market had nothing to do with Saudi...
President Barack Obama met with Saudi Arabia's King Salman on Tuesday to pay respects to the late King Abdullah and bolster a relationship that now stretches well beyond oil interests to security cooperation across the volatile Gulf Arab region. Saudi Arabia, the Middle East's top Sunni power, has been anxious over the possibility that the talks would lead to...
The political turmoil in Yemen may seem a peripheral issue, but it has global and regional implications spanning energy and security.
Crispin Hawes, managing director at Teneo Intelligence talks about the tensions that have been rising in Yemen, saying that this will be a "painful headache" for the new Saudi Arabian king.
King Abudullah blazed the trail for women in Saudi Arabia and his death won't be a setback for women's rights, says this real-estate investor.
Prince Mohammed embodies Saudi Arabia's shift to a more assertive foreign policy, propping up allies and dismantling foes.
RIYADH, Saudi Arabia— President Barack Obama defended the U.S. government's willingness to cooperate closely with Saudi Arabia on national security despite deep concerns over human rights abuses, as he led an array of current and former American statesmen in paying respects Tuesday following the death of King Abdullah. New King Salman bin Abdul-Aziz Al Saud...
As top U.S. officials head to Saudi Arabia, CNBC's Hadley Gamble reports on Saudi Aramco and whether Saudi Arabia will be the "new frontier in shale production."
FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...
U.S. President Barack Obama is leading a delegation of top officials to pay tribute to the late Saudi Arabia King Abdullah. CNBC's Hadley Gamble reports on the political implications.
CNBC's Hadley Gamble reports President Obama will likely discuss terrorism when he travels to Riyadh on Tuesday.
Saudi Arabia's stock market has reopened after the recent passing of King Abdullah. Hadley Gamble reports the latest.
U.S. president Barack Obama will visit Saudi Arabia on Tuesday to meet the nation's new king. Originally, vice president Joe Biden was to have made the trip. CNBC's Hadley Gamble reports.
The Saudi stock market reopens on Monday, after being shut since last Friday following the death of King Abdullah. CNBC's Hadley Gamble has more from Riyadh.
The securities exchanges of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of the death of Saudi King Abdullah.
U.S. President Barack Obama will visit Saudi Arabia on Tuesday to meet its new King Salman after the death of his predecessor Abdullah on Friday.
WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...
Kent Moors, Energy Advantage editor, discusses how the death of Saudi Arabia King Abdullah will impact the price of oil.
The Saudis ultimately want higher oil prices, Again Capital partner John Kilduff tells CNBC after the death of King Abdullah.