Oil prices extended gains after Baker Hughes reported that the weekly U.S. oil rig count fell for the 25th straight week.» Read More
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.
Peter Harbison, Executive Chairman at CAPA - Center for Aviation, describes how the massive fall in fuel prices will likely result in higher revenues for airlines.
Philippe Gudin De Vallerin, Chief European Economist at Barclays, says Europe needs better integration of fiscal policies and a better political union.
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.
Paul Gruenwald, Chief Economist for Asia Pacific at S&P's Ratings Services, discusses whether the recent decline in oil prices is structural and explains Asia's main challenges next year.
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.
Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production.
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
Alejandro Barbajosa, Vice President for Crude Middle East & Asia-Pacific at Argus Media, says an agreement to reduce production to 29 million barrels per day would be a strong signal.
Don Luskin, Chief Investment Officer at Trend Macro, says technological abundance is collapsing prices in the energy sector, which is hurting major cartels like OPEC.
Oil could drop to $35 a barrel if OPEC does not reach an agreement by next spring, when supply will dwarf demand, oil price tracker Tom Kloza says.
Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, says OPEC won't reduce output since members need high levels of cash flow in order to fulfill promises to citizens.
Oil futures sank to a fresh four-year low overnight as ministers from the Organization of the Petroleum Exporting Countries are set to meet Thursday.
The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.
The minister said he is confident the group will reach a unified decision, and that the meeting will last only one day.
Tony Nash, Vice President at Delta Economics, says commodity deflation in countries like Germany and China is worrying.
Chatib Basri, former Finance Minister of Indonesia, and David Fernandez, Head of FICC Research for Asia-Pacific at Barclays, discuss Indonesia's economy.
As oil prices continue to fall, Wall Street is waiting to see if OPEC cuts oil production