CNBC explores whether efforts to diversify Saudi Arabia's economy will be enough to offset falling crude prices.» Read More
The choice of 69- year-old Muqrin for crown prince and 55- year-old Mohammed bin Nayef for deputy crown prince resolved the most important dilemma in the dynasty's recent history- how to jump from sons of its founder, King Abdulaziz, to his grandsons. The most important change appears to be the creation of two new super-committees that give Mohammed bin Nayef...
SEOUL, Feb 12- U.S. crude futures rose above $49.50 a barrel on Thursday as the Ukraine army suffered some of the heaviest losses in the nine-month war, and Saudi Arabia and Russia's energy giant Gazprom discussed cooperation between OPEC and non- OPEC oil producers. *The leaders of France, Germany, Russia and Ukraine held peace talks in Belarus on Wednesday, while...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude finished up for the week as refinery strikes continued.
Have oil prices bottomed? As CNBC Explains, it's anybody's guess.
Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia will not cut oil production, leading to weakness in the price during the first half of the year.
The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high.
Ibrahim bin Abdulaziz Al-Assaf, finance minister of Saudi Arabia, discusses his country's relationship with the U.S., following rumors that Saudi royals funded the 9/11 attacks.
Saudi Arabia is a "pillar of stability" among the geopolitical turmoil in the Middle East, the country's finance minister, Ibrahim bin Abdulaziz Al-Assaf, told CNBC.
Saudi Arabia's Finance Minister, Ibrahim bin Abdulaziz Al-Assaf, says the country has buffers and reserves in place to deal with the low oil price.
*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...
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.
John Kilduff, Founding Partner; CNBC Analyst, Again Capital, says rumors of ISIS on the move and a threat to Kirkuk in Iraq pushed oil higher on the day. If the rumors prove to be false, he says, oil will fall back.
We need a strategy, says Sen. John McCain, (R-Ariz.), discussing transition in Saudi Arabia amid instability in the Middle East and ISIS terror attacks.
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.
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."