Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.» Read More
CNBC's Jackie DeAngelis explains how political instability in Iraq is impacting oil supply and prices.
Iraqi engineers are fixing the main oil pipeline to Turkey after it was shut for nearly three months in attacks by an al Qaeda cell.
Some wonder whether Wall Street and Big Oil are to blame for the high price of gasoline. The answer is yes...and no.
As the summer driving season looms, U.S. retail gas remains stubbornly lodged near $4 per gallon.
The crisis in Ukraine is a reminder that the world is unstable, and oil companies must drill in those places nonetheless.
"The oil market right now is probably as dicey as I've seen it my career," former energy portfolio manager Nick Tiller says.
In the midst of an $8 billion growth spurt, Sheraton will open a record 38 newly constructed hotels in the next 12 months, including several in Iraq.
Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.
CNBC.com's Ted Kemp talks about how the loss of Fallujah to rebels impacts American who fought there.
Secretary of State John Kerry is in Geneva talking a potential deal with Iran over its nuclear program for some oil sanctions. Helima Croft, Barclays, weighs in on where crude will go next, and oil production in Iraq.
In an exclusive interview, Iraq's Ambassador to France, HE Fareed Yasseen, tells CNBC what the Iraqi government is doing to make the country more business friendly. Plus, how close Iraq is to fulfilling its energy potential.
Majid Jafar, CEO of Crescent Petroleum, tells CNBC why regional firms, not international conglomerates, have the know-how to navigate in Iraq.
The President of the US Business Council in Iraq, Hussain Qaragholi, tells CNBC what international firms face in-country. Plus, how security costs can impact your bottom line.
President Obama on Tuesday night will address a nation solidly opposed to using military force against Syria, according to a new poll.
Amrita Sen, chief oil analyst at Energy Aspects, tells CNBC that Syria's effect on the oil price will be limited in the short-term.
Mark Keenan, Cross Commodity Research Strategist at Societe Generale, explains how a strike in Syria could see tensions spread to Iraq and push the price of oil up to $125.
U.S. military and national security advisers huddled with President Barack Obama at the White House on Saturday to consider options for responding to the alleged use of chemical weapons by the Syrian government this week.
Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, expects the oil market to be "much tighter" in the second half of the year due to "multiple risks" on the supply side.
OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.
There is no favorable outcome in Syria at this point—only the least unfavorable—and even that will not likely be dictated by Washington.