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  • The Syncrude oil sands extraction facility near the town of Fort McMurray in Alberta Province, Canada.

    Benchmark oil prices may trade within a tight range this week as participants wait for the outcome of a repeat Greek election on June 17 and the Organization of the Petroleum Exporting Countries (OPEC) meeting to decide production policy on Thursday in Vienna, according to CNBC's weekly survey of oil market sentiment.

  • Expect No Change to OPEC's Output Ceiling Monday, 11 Jun 2012 | 6:44 PM ET
    Expect No Change to OPEC's Output Ceiling

    Tom Essaye, President, Kinsale Trading says there will be no change to OPEC's output ceiling.

  • oil-pump-4_200.jpg

    Benchmark oil prices will continue sliding to fresh lows this week unless policymakers in Europe, China, and the U.S. “put a floor” under the market and do more to stabilize economic growth, according to CNBC's weekly survey of oil market sentiment.

  • Exxon Will Stay Robust Despite Downturn: CEO Tuesday, 5 Jun 2012 | 8:36 AM ET
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    Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.

  • oil-splash_200.jpg

    Benchmark oil prices will continue sliding to fresh lows this week unless policymakers in Europe, China, and the U.S. “put a floor” under the market and do more to stabilize economic growth, according to CNBC's weekly survey of oil market sentiment.

  • Oil Output Soars as Iraq Retools Sunday, 3 Jun 2012 | 10:22 AM ET
    Tawke oil field near the town of Zacho in Dohuk province about 250 miles north of Baghdad, Iraq.

    Despite sectarian bombings and political gridlock, Iraq’s crude-oil production is soaring, providing a singular bright spot for the nation’s future and relief for global oil markets as the West tightens sanctions on Iranian exports.

  • Researchers Find Clues in Malware Thursday, 31 May 2012 | 4:24 AM ET
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    Researchers at Kaspersky Lab, which first reported the virus Monday, believe Flame was written by a different group of programmers from those who had created other malware directed at computers in the Middle East, particularly those in Iran, the New York Times reports.

  • Roubini and Bremmer: Russia Is No ‘BRIC’ Wednesday, 30 May 2012 | 6:10 AM ET
    Russia

    Russia’s typical out-of-step response to global events – the latest its refusal to condemn the Assad regime in Syria – show its increasing insignificance on the world stage, Nouriel Roubini, chairman of Roubini Global Economics and Ian Bremmer, president of Eurasia Group, argue in an op-ed in the Financial Times

  • Oil May Slip Towards Mid-$80s as Europe Weighs: Survey Monday, 28 May 2012 | 10:44 PM ET
    oil_pump_2_200.jpg

    Oil prices will likely extend losses for a fifth-straight week as fears about a Greek exit from the euro zone and Spain's banking system continue to trigger outflows from riskier assets, according to CNBC's weekly survey of oil market sentiment.

  • Oil Falls on Iran's Pledge to Allow Inspections Tuesday, 22 May 2012 | 5:52 PM ET
    oil_slick_100dollar.jpg

    Crude oil prices fell Tuesday, driven by adequate supply and indications that some progress is being made with Iran on the eve of six-nation talks in Baghdad.

  • A Petroleos Mexicanos (PEMEX) oil rig near the shores of the state of Campeche, Mexico.

    Oil prices are set to extend declines as uncertainty persists over the euro zone's future, growth slows in China and the dollar rises. But international talks in Baghdad scheduled on Wednesday around Iran's nuclear program may contain losses if the country's leadership resists pressure to curb uranium enrichment, CNBC's weekly survey showed.

  • Oil Rig

    Benchmark crude oil prices will extend losses this week as risk aversion stoked by lingering political uncertainty in Europe continues to haunt markets, CNBC's weekly survey of market sentiment showed.

  • View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    International talks scheduled later this month aimed at curbing Iran's nuclear program "will fail", boosting the risk premium in global oil prices, Roubini Global Economics said this week.

  • Safe Havens Get a Lift, Aussie Takes a Hit Tuesday, 8 May 2012 | 8:18 AM ET

    Europe's elections cast a long shadow and Iran takes yuan - it's time for your FX Fix.

  • Iran Accepts Renminbi for Crude Oil Tuesday, 8 May 2012 | 2:34 AM ET
    View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of U.S. sanctions aimed at limiting Tehran’s nuclear program, the Financial Times reports.

  • Ships Slow Down to Save Fuel in Pirate Waters Tuesday, 8 May 2012 | 2:17 AM ET
    Aerial of iron ore ships at Port Hedland.

    Violent confrontations between Somali pirates and merchant ships’ armed guards could become more common as some shipping companies have reduced ship speeds through the highest-risk area to save on fuel, maritime experts have warned.

  • The World’s Biggest Oil Producers Wednesday, 25 Apr 2012 | 12:23 PM ET
    Given the pace of global growth, experts say crude oil prices are higher than they should be – largely the result of concern Iran might close the Strait of Hormuz in its showdown with the U.S. and E.U. over the expansion of its nuclear program.Like Iran, some of the world’s other biggest oil producers can be subject to unpredictable and unstable political events, causing price shocks. Such was the case during the 2011 civil unrest in Libya. At the time, Libya was the 17th largest oil-producing c

    Big movements in the price of oil can have significant effects on the economy, and countries with the most oil within their borders are set to benefit, as demand for crude continues to rise.

  • Ron Paul on Presidential Politics Monday, 23 Apr 2012 | 8:40 AM ET
    Ron Paul on Presidential Politics

    Republican presidential candidate, Rep. Ron Paul discusses fixing the U.S. economy, fighting the Fed, Iran and foreign policy, and his plan to restore America.

  • Sanctions Not Impacting Iranian Oil: Report Wednesday, 18 Apr 2012 | 3:28 PM ET
    View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran.

    An updated industry report published shows Iran as having produced 3.752 million barrels per day (bpd) in February, marking the highest output since December 2008.

  • Iran Internet Control: Tehran Tightens Grip On Web Monday, 16 Apr 2012 | 2:52 PM ET
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    Iran calls it the "soft war" with the West: Battles to control, defend and monitor the Internet and other high-level telecommunications.