Oil prices are slipping on Wednesday, after workers ended a three-day strike that temporarily cut crude output in Kuwait. » Read More
Billion Dollar Buyer host Tilman Fertitta of Fertitta Entertainment joins Power Lunch to discuss the events of oil workers on strike in Kuwait.
Crude oil prices tumbled as much as 5 percent on Monday after the Doha “no deal,” but staged a turnaround later in the session and traded higher on Tuesday.
The disruption to oil output in Kuwait is pushing crude prices higher on Tuesday.
Oil prices are on the rise on Tuesday, as an oil worker strike in Kuwait cut the country's production to just 1.5 million barrels per day. CNBC’s Hadley Gamble reports.
Kuwaiti nationals have gone on strike over cuts to their pay and benefits, reports CNBC's Hadley Gamble.
CNBC's Hadley Gamble explains what the striking oil workers are concerned about and asks how far the government will go to protect oil production.
CNBC's Hadley Gamble reports on how Kuwait's government is dealing with a strike by unionized oil workers.
Oil prices sank after oil-producing nations could not agree to a supply freeze, reports CNBC's Brian Sullivan.
All signs suggest a meeting on April 17 will deliver an agreement to freeze output, Kuwait's OPEC governor and two sources said
Kuwait's OPEC governor Nawal Al-Fuzaia says all signs point to an initial agreement to freeze oil production levels.
*Kuwait producing 3 mln bpd- oil minister. *North Sea output to rise to highest in four years in April. LONDON, March 8- Oil prices edged lower on Tuesday in volatile trading after Kuwait said it would agree to an output freeze only if all major producers took part and Goldman Sachs analysts poured cold water on prospects for a sustained rally.
*Kuwait producing 3 mln bpd- oil minister. Brent crude futures were trading at $41.43 a barrel at 1257 GMT, their highest since Dec. 9, up 59 cents on the day. OPEC members and other producers in Russia are also due to meet for talks on March 20, according to the Nigerian petroleum minister.
*Kuwait producing 3 mln bpd- oil minister. LONDON, March 8- Oil prices edged lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water over the prospects for a sustained rally. Brent crude futures were down 12 cents at $40.72 a barrel at 0922 GMT, hovering above the $40 mark it...
Here are the countries that are most resilient to the impact of oil prices—and those hit hardest.
Kuwait Airways will stop its New York City-London flights to avoid transporting Israeli citizens between the cities, the New York Times reports.
Frontier markets tumbled this year, but don't point the finger at weak currencies or oil, investors said. Instead, blame the index.
With resources stretched to their limits and political pressure building in the West, will Gulf countries help absorb migrants?
If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
The greatest global risk is running out of water for our 7.3 billion inhabitants. Already, some countries are reeling from this catastrophe.