Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.
Saudi Prince Alwaleed also tells CNBC that Saudi Arabia and OPEC will not blink.
Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on how lower oil prices are creating instability in the Middle East.
Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on his uncle's legacy, and denies his country is punishing U.S. frackers.
Investors will be keen to see what the succession means for the price of oil, which has fallen by over 50 percent since mid-June last year.
Ian Bremmer, Eurasia Group president, provides insight to the Saudi succession plan and the implications for oil.
Daniel Yergin, IHS vice chairman, discusses the implications of the death of Saudi King Abdullah.
They want to break the back of the frackers, says John Kilduff, Again Capital, discussing how the death of King Abdullah will likely impact the oil market and global supply chain.
WSJ Middle East Bureau Chief Bill Spindle shares perspective on the next generation of Saudi leaders. And CNBC's Hadley Gamble weighs in on the succession plan.
NBC's Richard Engel reports on the transition that is on the way in Saudi Arabia following the death of King Abdullah.
CNBC's Hadley Gamble reports on succession in Saudi Arabia following the death of King Abdullah.
Kamran Bokhari, Advisor on Middle Eastern & South Asian Affairs at Stratfor, explains why the oil-rich nation has entered a "new era fraught with perils."
Saudi Arabia's King Abdullah bin Abdulaziz Al Saud has died, state television reported early on Friday.
With the death of Saudi King Abdullah, there's likely to be a greater commitment to oversupplying the oil market.
Experts predict a smooth succession if Saudi King Abdullah were to die, but future transitions could prove problematic.
Saudi Arabia's king was hospitalized Wednesday for tests, and that had many wondering about succession plans and its impact on oil.
President Barack Obama has been bumped off the top spot of Forbes' ranking of the world's most powerful people.
As Saudi Arabia continues to grow rapidly, the dilemma of sufficiently meeting domestic and international crude oil demand becomes one that would lend credence to believers in higher prices down the line, experts and analysts told CNBC.
The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
It’s going to be a sizzling summer for the Middle East. You stand a lot to gain, or say a lot less to lose, if you’ve done the prep work.