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  • Get Ready for $5 Gas This Year: Ex-Shell CEO Friday, 10 Feb 2012 | 12:36 PM ET

    John Hofmeister, founder of Citizens for Affordable Energy and the former CEO of Shell Oil's U.S. operations, warned there is a "better than 50 percent chance" the price of gas will spike to $5 a gallon on continued heavy demand in emerging markets and poor public policy at home.

  • Israel's Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in Jerusalem May 10, 2009. REUTERS/Ammar Awad (JERUSALEM)

    Israel will bomb Iran and it’s increasingly likely to happen this year, according to Alastair Newton, Senior Political Analyst at Nomura.

  • EU Officials Try to Coax India Into Iran Faceoff Thursday, 9 Feb 2012 | 5:45 AM ET
    Tehran, Iran

    India, which imports 12 percent of its oil from Iran, has not jumped on the drawdown bandwagon just yet.

  • Commodities Tomorrow: Oil Tops $99 a Barrel  Tuesday, 7 Feb 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Saudis Aren't Keeping Lid on $100 Oil Price Everywhere Tuesday, 7 Feb 2012 | 11:16 AM ET

    Despite pronouncements by Saudi royalty and oil officials that that country will not let the price of oil go above $100 a barrel, Brent crude prices now appear poised to breach $120 a barrel.

  • Tensions in the Middle East Driving Oil Prices  Tuesday, 7 Feb 2012 | 7:00 AM ET

    Discussing the geopolitical risk from the tensions in the Middle East, with Donald Drapkin, Casablanca Capital; Ian Bremmer, Eurasia Group, and Laurence Korb, former assistant Secretary of Defense.

  • BP to Keep Dividend Policy If Oil Rises: CEO Tuesday, 7 Feb 2012 | 6:13 AM ET
    Bob Dudley, the Executive Director of BP, arrives at their headquarters in St James's Square on July 26, 2010 in London, England.

    BP will continue its raised dividend policy on the back of higher profits for the oil company as long as oil prices continue their upward trajectory, the company's CEO Bob Dudley told CNBC Tuesday.

  • Saudi Arabia Will Not Let Oil Go Above $100: Prince Monday, 6 Feb 2012 | 5:29 PM ET

    An "element of fear" over Iran is playing into the price of oil despite higher supply and decreasing demand, Saudi Prince Alwaleed bin Talal al Saud told CNBC Monday.

  • Stakes Are High in Struggle to Stop Syria Bloodshed Monday, 6 Feb 2012 | 7:05 AM ET
    United Nations, New York city

    As many observers had expected, Russia and China used their veto privileges to block the latest attempt by members of the United Nations Security Council to take concrete measures to stop the bloodshed in Syria.

  • Anger After Russia, China Block UN Action on Syria Sunday, 5 Feb 2012 | 6:09 PM ET
    Protesters Gather At Syrian Embassy In London

    Western and Arab states voiced outrage on Sunday after Russia and China vetoed a U.N. resolution that would have backed an Arab plan urging Syrian President Bashar al-Assad to give up power, and Washington vowed harsher sanctions against Damascus.

  • Iran: 'Some' European Countries to Lose Oil Imports Saturday, 4 Feb 2012 | 7:22 AM ET
    Iranian navy conducts the "Velayat-90" naval wargames in the Strait of Hormuz in southern Iran on January 1, 2012. Iran defiantly announced that it had tested a new missile and made an advance in its nuclear programme after the United States unleashed extra sanctions that sent its currency to a record low.

    A series of tit-for-tat statements between Iran and the European Union showed no signs of abating on Saturday, with the Iranian Oil Minister saying that oil exports “will certainly be cut to some European countries.”

  • Member of Iran's Revolutionary Guard

    An Iranian missile under construction, caught up in a mysterious blast in November, had a range of 6,000 miles, a senior Israeli official said Thursday in a speech outside Tel Aviv, the Christian Science Monitor reports.

  • Commodities Tomorrow: Oil Below $100  Tuesday, 31 Jan 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • Iran Oil Ban Would Hurt EU, Boost Price: OPEC Monday, 30 Jan 2012 | 11:49 AM ET

    Any decision by Iran to cut oil exports to the European Union will affect the price of oil and hurt the region's economy, OPEC Secretary General Abdalla Salem El-Badri told CNBC on Monday.

  • Iran to Halt 'Some' Oil Exports Soon: Oil Minister Monday, 30 Jan 2012 | 3:46 AM ET
    This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iran’s parliament is to debate a “double-urgency bill” which would halt all oil exports to the European Union in response to expanded sanctions by the bloc.

  • Palace of the Republican Guard

    The Pentagon doesn’t know what happened to more than $100 million in cash held at Saddam Hussein’s palace in Baghdad during the Iraq war, according to a new report by the Special Inspector General for Iraq Reconstruction.

  • Boone Pickens: We Need to Get on Our Own Resources  Friday, 27 Jan 2012 | 6:45 AM ET

    "We said get on your own resources and honestly if we don't get on our own resources we have got to be pretty stupid people," says T. Boone Pickens, BP Capital founder/CEO. Pickens weighs in on natural gas prices and the amount of oil in Alberta that should be tapped into.

  • Release of Oil Reserves Not in the Cards Now: IEA Thursday, 26 Jan 2012 | 10:22 AM ET

    Despite reports suggesting that Iran is considering a halt to all oil exports to Europe as a response to European Union and US sanctions, the head of energy watchdog the International Energy Agency said that releasing reserves under its control is not something under consideration now.

  • Commodities Tomorrow: Gas Futures Biggest Gainer  Tuesday, 24 Jan 2012 | 4:00 PM ET

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including a number of refinery closures that could help drive the price of gasoline higher.

  • Iran: Closing Hormuz Strait to Deal With EU's Embargo? Tuesday, 24 Jan 2012 | 12:00 PM ET
    This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iranian authorities have reacted to the decision by the European Union on an embargo by calling for an immediate halt to oil sales to the continent. In a statement on its website, the Iranian Oil Ministry described the European Union’s decision as “hasty” and “a political game”.