CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil tried to stabilize today on short covering heading into the weekend.» Read More
Saudi Oil Minister Ali al-Naimi shrugged off suggestions that the country might cut production to halt tumbling prices.
DUBAI, Dec 10- Iranian President Hassan Rouhani has blamed unnamed countries of plotting to bring down crude prices and said the recent slump in oil prices was not based solely on economic factors. While some such as Iran and Venezuela have urged an output cut to support prices, the Organization of the Petroleum Exporting Countries decided in a meeting last...
TEHRAN, Iran— Iran's President Hassan Rouhani said Wednesday that the sharp fall in global oil prices is the result of "treachery," in an apparent reference to regional rival Saudi Arabia, which opposed production cuts. Sunni Saudi Arabia and Shiite Iran are longtime rivals that are fiercely divided over the civil war in Syria, where Iran and Russia support...
Oil prices fell to a five-year low on Monday, after Morgan Stanley cut its 2015 forecast for Brent crude.
RIYADH, Dec 8- Saudi Arabia's King Abdullah appointed new ministers for health, higher education, transport, agriculture, information and Islamic affairs on Monday as part of the kingdom's broadest reshuffle of second-tier posts in years. Sulaiman Abu al-Khail was appointed Islamic affairs minister, taking responsibility for Saudi Arabia's enormous...
Wrap it up and put on a bow, "Mad Money" host Jim Cramer thinks these stocks belong under the tree.
Jim Cramer discussed the impact of booming jobs in the U.S. economy on oil. What will it take to be bullish on oil again? He names 3 key actions.
Oil prices are expected to stabilize, but OPEC will probably be forced to cut production, analysts say.
This is not a great time to be an oil producer, but some countries are hurting more than others.
Discussing the future of oil prices, with Ron Insana, Marketfy.com Editor, and CNBC's Brian Sullivan.
Saudi Arabia would only consider cutting production if other countries joined in, the former Saudi intelligence chief said on Tuesday.
It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.
As oil prices fall fast, Jim Cramer turned to T Boone Pickens for his expert opinion on where energy could be headed.
Iran's budget may not be in danger from falling oil prices for now, but its position in ongoing nuclear talks could weaken.
DUBAI, Dec 2- Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. But Brent crude fell to $67 a barrel this week from $115 in June and if current prices are sustained, the budget plan for next year, expected late this month, will...
Recent history shows that when oil has rallied more than 10 percent over a 30-trading-day period, oilfield service companies have benefited.
Oil prices won't have a big impact on U.S. oil output for now, but companies are looking where to cut, or slow down, Dan Yergin said.
For Saudi Arabia, blocking cuts in oil production protects market share. But for Venezuela, it may mean "game over" for the economy.
KHOBAR, Saudi Arabia, Dec 1- Saudi Arabia said on Monday that its oil policy was based on economic principles, as speculation continued to swirl after last week's OPEC meeting of political motives aimed at other producers. Riyadh, along with its Gulf OPEC allies, resisted any OPEC output cut at the group's meeting, to maintain the exporting group market share in a...
Discussing Saudi Arabia's possible objectives with the price of oil, and the potential bottom in crude, with Kevin Book, Clearview Energy Partners.