Discussing global markets and supply risks in oil, related to activity in Yemen, with Richard Mallinson, Energy Aspects.» Read More
BAGHDAD, March 26- Iraq's Oil Minister Adel Abdel Mehdi predicted world oil prices could reach $70 a barrel by the end of 2015 and played down the impact of the emerging conflict in Yemen on prices. A global slump in oil prices has slashed government revenue in Iraq, prompting the OPEC producer to renegotiate contracts with oil majors as it faces a costly military...
CNBC's Jackie DeAngelis tracks crude near session highs as oil comes to a close.
Ground troops will be in the next phase in the Saudi assault on rebels in Yemen, reports CNBC's Michelle Caruso-Cabrera.
Former Asst. Secretary of State and former U.S. Ambassador to Saudi Arabia Ed Walker, provides perspective on the conflicts in the Middle East.
*Oil rises on fears of Middle East supply disruption over Yemen. *Gold tops $1,200 an ounce. NEW YORK, March 26- Stock markets worldwide were knocked lower and oil prices jumped on Thursday after Saudi Arabia and its allies carried out air strikes in Yemen that fueled worries Middle East energy shipments may be put at risk, although Wall Street later recovered.
The chaos in Yemen involving Saudi Arabia and Egypt are sending oil prices soaring, with CNBC's Jackie DeAngelis.
Yemen is but a small producer of crude, so investors should not be overly concerned about the conflict, Francisco Blanch of Bank of America Merrill Lynch told CNBC.
According to the Associated Press, there will now be ground troops moving into Yemen from Saudi Arabia. More insight, with CNBC's Michelle Caruso Cabrera.
Saudi Arabia and Egypt will lead a ground operation in Yemen against rebels after a campaign of airstrikes, officials said.
Losses were bigger in Europe after Saudi Arabia launched strikes on key military installations in Yemen. The price of oil rose $1.30 to $50.51 a barrel in New York. SanDisk dropped 17 percent, the most in the S&P 500, after the maker of flash memory chips cut its revenue forecast.
Francisco Blanch, Bank of America Merrill Lynch, discusses geopolitics, emerging markets, and oil prices in relation to Saudi Arabia going to war in Yemen.
CNBC's Jackie DeAngelis reports natural gas inventories as the Department of Energy comes out with its weekly report.
NEW YORK— A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row. Edgy investors continue to monitor violence in the Middle East and the rapid ascent of the U.S. dollar, which is causing companies to pull back their profit forecasts for the year. "We have been due for a pullback," said Brad Sorensen of the Schwab Center...
Dennis Gartman, The Gartman Letter, provides his thoughts on oil and the euro.
Brian Belski, BMO Capital Markets, provides perspective on the drastic drop in the Dow and whether the Apple trade is crowded
Royal Dutch Shell plans further job cuts in its UK North Sea oil and gas business in 2015, adding to its cost cuts in response to falling oil prices.
CNBC's Michelle Caruso-Cabrera reports Brent crude prices rose, after Saudi Arabia began military operations against Yemen. This is a classic proxy war, says Caruso-Cabrera.
*Oil rises on fears of Middle East supply disruption. LONDON, March 26- Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies. "Oil is having a nice move after more geopolitical tensions in the Middle East over...
Norman Chan, Investment Director at NAB Private Wealth Advisory, says Yemen's influence on oil markets is likely to be limited in the medium to long term.
Following Woodside Petroleum's recent bond sale, CEO Peter Coleman says it's important for companies to be able to borrow money when they can.