Brent crude oil traded near a barrel after Saudi Arabia signaled it was unlikely to push for big change in oil output.» Read More
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.
Saudi Arabia will push other OPEC members to cut production by up to 1.5 million barrels a day to help re-balance the market, experts tell CNBC.
Matt Smith, Commodity Analyst at Schneider Electric, explains why Saudi Arabia is so reluctant to reduce output and warns that investors shouldn't expect too much progress from the meeting.
Tony Nash, Vice President at Delta Economics, says commodity deflation in countries like Germany and China is worrying.
David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.
Stephen Schork, Editor of the The Schork Report, explains why the oil-rich kingdom is unlikely to go along with Iran's demands for a cut in crude output.
Chad Mabry, Analyst, Energy & Natural Resources at MLV & Co, is expecting OPEC to cut output to 29.5 million barrels a day from 30 million barrels currently.
Scott Nations, Chief Investment Officer & President of NationsShares, says the drop in consumer confidence data was surprising given the recent decline in gasoline prices.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Everyone is looking to the Saudis to see what they plan to do at this week's meeting. Traders figure they'll be less inclined to cut production.
Oil prices tumbled on Tuesday ahead of a meeting of oil cartel OPEC where a cut in production will likely be discussed.
CNBC's Morgan Brennan looks at the future of alternative power sources and how scientists plan to innovate solar energy installations.
The Organization of Petroleum-Exporting Countries (OPEC) is facing a "shale-tinged" reality and needs a "wake-up call," energy analysts warn.
CNBC's Jackie DeAngelis takes a look at the future of North America's booming energy business.
Consumer discretionary stocks and crude oil have been trading the way they normally do when OPEC is about to cut production.
Geopolitical tensions in Asia show no sign of abating amid new Chinese activity in disputed maritime territories.
The Saudis are not prepared to give up a vast amount of market share to support the price, says John Kingston, Platts global director of news, providing a preview of this week's meeting among OPEC members.
OPEC will likely seek to put a bottom on the market when it meets to discuss oil output on Thursday, BRG President Jeff Grossman said.
A Twitter account apparently run by the office of Iran's Supreme Leader said "arrogant" powers had failed to bring it to its knees.
A meeting between Saudi Arabia, Venezuela, Russia and Mexico did not lead to any agreement to lower crude production, Venezuela said.
Analyst Stephen Schork also says oil prices are bottoming.
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