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Saudi Arabia

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  • Istanbul's Arasta Bazaar

    Though Turkey was one of several countries to receive a temporary waiver from U.S. sanctions, it is looking to Saudi Arabia and Libya for crude oil, as well as a number of other energy sources.

  • Al-Qaeda Only Partly to Blame for Yemen Oil Crisis Monday, 18 Jun 2012 | 9:42 AM ET
    A flame rises from a tower at Yemen's second liquid natural gas plant in the coastal area of Balhaf.

    Disgruntled tribesman seeking more economic development are also responsible for violence against the oil industry.

  • The death of Saudi Arabia’s Crown Prince Nayef bin Abdulaziz - the half-brother of King Abdullah and heir to the throne -  comes less than eight months after the death of Sultan bin Abdulaziz, the previous Crown Prince, and again brings to the fore the ambiguous issue of succession.

  • CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • OPEC Keeps Oil Production Levels Unchanged  Thursday, 14 Jun 2012 | 11:18 AM ET

    CNBC's Kelly Evans reports OPEC leaders agree to keep its oil production ceiling unchanged.

  • Will OPEC Leaders Turn Off the Oil Spout?  Thursday, 14 Jun 2012 | 10:04 AM ET

    CNBC's Kelly Evans has the latest details on the OPEC Ministers meeting in Vienna on concerns about oil quota violators.

  • Seeing Production Surplus in Oil   Wednesday, 13 Jun 2012 | 6:47 PM ET

    John Kilduff, Founding Partner; Again Capital says that OPEC is seeing a production surplus. He expects WTI oil to break the $81.50 level, and possibly decline to $74.95.

  • Enough Oil Supply in the Short-Term  Tuesday, 12 Jun 2012 | 6:40 PM ET

    Dominic Schnider, Head Commodity Research, UBS Wealth Management, UBS Wealth Management says there is enough oil supply in the short-term and that production actually needs to be cut by half a million barrels. But he expects oil prices to remain high at about $90.

  • Conflict, Uncertainty Could Delay OPEC Decision Tuesday, 12 Jun 2012 | 4:57 PM ET
    Al Naimi, Saudi Oil Minister

    A twenty-five percent plunge in oil prices might seem to make curbing the supply of crude a no-brainer for the world’s oil producers.  And yet it looks increasingly possible that the 161st ordinary meeting of OPEC in Vienna this week could end in a virtual stalemate

  • John Hofmeister, founder/CEO of Citizens for Affordable Energy and former president/CEO of Shell Oil Co., says that low oil prices are good for the consumer, but he worries that Washington won't do enough to make the good vibes last.

  • Saleri: Why Oil Will Keep Falling  Tuesday, 12 Jun 2012 | 12:15 PM ET

    Nansen Saleri, president & CEO Quantum Reservoir Impact, says crude prices will stay between $80 to $120 a barrel.

  • Expect No Change to OPEC's Output Ceiling  Monday, 11 Jun 2012 | 6:44 PM ET

    Tom Essaye, President, Kinsale Trading says there will be no change to OPEC's output ceiling.

  • China's Slowing Faster Than Beijing Anticipated  Sunday, 10 Jun 2012 | 6:40 PM ET

    Warren Gilman, Chairman & CEO, CEF Holdings says that even though China isn't seeing a hard landing, it is slowing faster than authorities in Beijing had anticipated.

  • Solar Power Rises in the Mideast, North Africa Thursday, 7 Jun 2012 | 2:03 PM ET
    Sahara Desert

    A number of recent developments highlight the push for renewable energy in the MENA region, from Saudi Arabia’s ambitious solar plans to Qatar’s first-ever polysilicon plant and massive concentrated solar power plants across North Africa.

  • Commodities Next Week: Watching Nat Gas  Friday, 25 May 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Oil Prices to Go Lower: Expert  Wednesday, 23 May 2012 | 9:40 PM ET

    Alejandro Barbajosa, Oil Markets Specialist, Argus Media thinks oil prices will go lower than OPEC's target of $100 per barrel. He also thinks markets are now better prepared for a potential spike in demand for oil.

  • Commodities Next Week: 'What a Week for Gold!'  Friday, 18 May 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Commodities Next Week: Slowing Demand For Oil   Friday, 11 May 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Commodities Next Week: Crude Price Slide  Friday, 4 May 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks ahead to where oil and precious metals are likely headed next week.

  • Oil Prices to Climb Higher  Sunday, 29 Apr 2012 | 6:52 PM ET

    Greg Smith, Group CEO, Global Commodities says reasonable target for oil on a one to two year horizon is $150-$180/bbl.