The head of Rosneft floated the idea of an output cut by oil-producing countries to prop up sagging prices but fell short of saying whether Moscow take part.» Read More
CNBC's Eamon Javers discusses President Obama's view on the Iraq situation and its effects on the global supply of oil.
President Barack Obama comments on the Iraq situation, saying Iraq is going to need more help from the U.S. and the international community. Obama adds this should be a wakeup call for the Iraqi government.
While seizing key Iraqi cities has catapulted ISIS onto the world’s radar, the Sunni group has been around for years. NBC News reports.
CNBC's Michelle Caruso-Cabrera reports oil prices are escalating on fighting in Iraq.
NBC News' chief foreign correspondent Richard Engel reports the ISIS, an off-shoot al Qaeda, is marching on Baghdad and the Iraqi government is powerless to stop them.
House Speaker John Boehner, comments on Eric Cantor's primary defeat and discusses America's frustration with Washington and immigration.
House Speaker John Boehner, discusses the Obama administration's foreign policy agenda and comments on the Bergdahl prisoner exchange.
Between unrest in Iraq and some "wacky trader folklore," the stock market could fall, trader Art Cashin told CNBC on Thursday.
Oil traders expect continued volatility as tensions in Iraq escalate, reports CNBC's Jackie DeAngelis.
As an off-shoot of terrorist group al Qaeda takes control of northern Iraq, NBC News' chief foreign correspondent Richard Engel reports on the militants' next move.
While oil prices may not hit $140 a barrel, instability in Iraq will definitely set prices on an uptrend, says Nariman Behravesh, Chief Economist at IHS.
John Kingston, Global Director of News, Platts, says the advancement of Sunni rebels into the city of Tikrit won't impact oil prices as pipelines in that area have been closed since March.
Discussing today's down day on Wall Street and how Iraq is impacting oil prices, with CNBC contributor Howard Dean; Stephanie Link; "Fast Money" trader Brian Kelly; and CNBC's Sharon Epperson.
CNBC contributor John Kilduff says oil could surge $5-$10 in short if the situation in Iraq worsens.
Abdul Kareem Luaibi, Iraqui oil minister, says that the Iraqui government is taking "very strong action" to deal with violence in the north but that the violence is no threat to oil supply.
Jay Richards, Commodity Analyst at Just Spreads, says oil traders have factored in the takeover of Mosul in light of long-standing conflicts between rival parties.
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.