U.S. refiners could be helping set the stage for another day of reckoning for oil prices. » Read More
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.
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 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.
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 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.
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.
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.
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.
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.
Europe's elections cast a long shadow and Iran takes yuan - it's time for your FX Fix.
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.
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.
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.
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.
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 calls it the "soft war" with the West: Battles to control, defend and monitor the Internet and other high-level telecommunications.
Benchmark U.S. crude futures will likely remain flat this week with the bias suggesting weaker prices ahead unless headlines on Iran’s nuclear program renew fears of supply risks, CNBC's weekly survey of market sentiment showed.
Benchmark U.S. crude futures will likely remain unchanged around $103 a barrel as investors debate whether Friday's sub-par payrolls data builds the case for more stimulus from the Federal Reserve, CNBC's weekly survey of market sentiment showed.
Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load. The FT reports.
There is a lot of tough talk emanating from the Middle East. Here's a currency-trading plan in case the situation worsens.