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  • Day 3 of Kuwait strike

    Billion Dollar Buyer host Tilman Fertitta of Fertitta Entertainment joins Power Lunch to discuss the events of oil workers on strike in Kuwait.

  • Kuwaiti oil workers arrive at the union headquarter in Al-Ahmadi on April 17, 2016 to protest.

    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.

  • Kuwait strike fuel oil rally

    The disruption to oil output in Kuwait is pushing crude prices higher on Tuesday.

  • The changing face of Kuwait’s oil industry

    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.

  • Kuwait government says strike hurts national security

    Kuwaiti nationals have gone on strike over cuts to their pay and benefits, reports CNBC's Hadley Gamble.

  • Kuwait's oil workers go on strike

    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.

  • Kuwait oil worker strike pushes up crude

    CNBC's Hadley Gamble reports on how Kuwait's government is dealing with a strike by unionized oil workers.

  • No deal in Doha... oil futures drop

    Oil prices sank after oil-producing nations could not agree to a supply freeze, reports CNBC's Brian Sullivan.

  • A laborer works at the Nahr Bin Umar oil field, southeast of Baghdad, Iraq.

    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 expects output freeze

    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...

  • A worker stands at a pipeline, watching a flare stack at the Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali ('empty quarter') desert in Shaybah, Saudi Arabia.

    Here are the countries that are most resilient to the impact of oil prices—and those hit hardest.

  • This picture taken in Tangerang on March 18, 2013 shows a Kuwait Airways plane preparing for landing over the Sukarno-Hatta airport in Tangerang.

    Kuwait Airways will stop its New York City-London flights to avoid transporting Israeli citizens between the cities, the New York Times reports.

  • The famous Sri Lankan budget taxi, a three wheeler, drives through traffic in Colombo

    Frontier markets tumbled this year, but don't point the finger at weak currencies or oil, investors said. Instead, blame the index.

  • Bahrain, Manama, Cityscape view

    With resources stretched to their limits and political pressure building in the West, will Gulf countries help absorb migrants?

  • An oil pumpjack operates near Williston, North Dakota.

    If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.

  • Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.

  • Water drought

    The greatest global risk is running out of water for our 7.3 billion inhabitants. Already, some countries are reeling from this catastrophe.