Majid Jafar, CEO of Crescent Petroleum, says the low oil price has forced Middle Eastern producers to focus on efficiency.» Read More
The uprisings in the Middle East have been in part blamed on soaring food prices but one market watcher told CNBC those states with huge oil wealth should be better able to keep their people appeased by subsidizing food prices and other incentives.
The risk-on trade that has driven equities and commodity prices since the Federal Reserve started talking about the second round of quantitative easing last year is under threat from inflation, one analyst warned Monday.
Jittery Chinese authorities wary of any domestic dissent staged a show of force Sunday to squelch a mysterious online call for a "Jasmine Revolution," with only a handful of people joining protests apparently modeled on the pro-democracy demonstrations sweeping the Middle East.
With the recent turmoil across North Africa and the Gulf, investors are now becoming increasingly concerned that the ‘political contagion,’ as the wave of upheaval has come to be known, may flow over into Saudi Arabia as well.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including violence in Bahrain and a potential spillover into neighboring Saudi Arabia. She also looks at the growing demand in the silver market, as well as other metals.
Discussing the unrest in Bahrain and some momentum plays in oil, with John Kilduff, Again Capital; Daniel Dicker, independent oil trader/TheStreet.com and CNBC's Yousef Gamal El Din.
If Saudi Arabia begins to appears vulnerable, in the least, to publicly expressed internal discontent, $100 oil will look cheap in a hurry!
Mideast tensions are growing. Technical levels are being breached. And there’s a long weekend ahead. All reasons for traders to cover short positions on oversold oil futures and take profits on positions that have skyrocketed over the past few weeks.
Troops and tanks locked down the capital of this tiny Gulf kingdom after riot police swinging clubs and firing tear gas smashed into demonstrators, many of them sleeping, in a pre-dawn assault Thursday that uprooted their protest camp demanding political change. Medical officials said four people were killed.
The unrest spreading across the Middle East is making investors nervous, and they're heading for the closest safe-haven currency: the Swiss franc. The dollar, meanwhile, is getting left in the cold.
Trucks carrying smashed tents, trash and other refuse rolled out of the Pearl Roundabout in Bahrain midday Thursday, remnants of a demonstration that turned deadly overnight.
The spread of protests to strategically vital countries such as Bahrain has put the US on the back foot after years when Washington appeared to overestimate the impact of local leaders’ reform efforts. The FT reports.
Epitaphs for the Mubarak government all note that the mobilizing power of the Internet was one of the Egyptian opposition’s most potent weapons. But quickly lost in the swirl of revolution was the government’s ferocious counterattack, a dark achievement that many had thought impossible in the age of global connectedness. The New York Times reports.
Wael Ghonim has officially “taken a leave” from his position at Google according to Google spokesperson, Jennifer Bloch.
With Facebook playing a starring role in the revolts that toppled governments in Tunisia and Egypt, you might think the company’s top executives would use this historic moment to highlight its role as the platform for democratic change. Instead, they really do not want to talk about it. The New York Times reports.
With the resignation of Hosni Mubarak in Egypt, we now enter the dangerous “Thermidor” phase of the historic socio-political revolution begun in North Africa and Egypt, a revolt that is energizing citizens – especially young citizens – in other autocratic nations as well.
Egypt's army calling for national solidarity and urging workers to play their role in reviving the economy, with CNBC's Yousef Gamal El-Din.
Egypt's military rulers called for an end to strikes and protests Monday as thousands of state employees, from ambulance drivers to police and transport workers, demonstrated to demand better pay in a growing wave of labor unrest unleashed by the democracy uprising that ousted Hosni Mubarak's regime.
A two-year collaboration of dissidents gave birth to a new force — a pan-Arab youth movement dedicated to spreading democracy in a region without it, the New York Times reports.