CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. Natural gas fell below $3, mostly due to the extremely mild winter so far. Prices could continue to fall, traders say.» Read More
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.
Oil prices continue to fall. CNBC's Michelle Caruso-Cabrera reports the crude economics of extracting oil from the ground.
*But analysts believe UAE, Saudi will use fiscal reserves. *Qatar, Kuwait budgets would stay in surplus. *Forecasts positive for UAE, Qatar and most Saudi stocks.
Barry Dawes, Head of Resources at Paradigm Securities, says certain Middle Eastern nations may face political pressure on the back of lower oil revenues.
Given the rate and speed in which oil has been falling, prices could sink to $40 per barrel, says Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities.
Joe Magyer, Senior Analyst at The Motley Fool, describes the reaction of emerging market assets to plunging oil prices.
Scott Darling, Regional Head of Oil & Gas Research at JP Morgan, explains why he sees further declines in oil prices next year.
William Ma, Deputy CIO at Gottex Penjing Asset Management, says the firm may allocate more funds to oil importing countries like India as a result of sinking oil prices.
David Hewitt, Co-head of Global Oil & Gas Equity Research at Credit Suisse, says OPEC is facing an economic conflict with U.S. shale producers.
Andrew Cowen, Deputy CEO at Hong Kong Express, says oil makes up about 45 percent of costs so the commodity's recent decline translates into higher profits ahead.
Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
Ahead of the OPEC meeting, CNBC looks at Steve Sedgwick's encounters Saudi Arabia's oil minister, Ali Al-Naimi.