Fear in the markets is palpable. Reports of unrest in Saudi Arabia, and the devastation caused by Japan's massive earthquake having many thinking the global economic recovery could be at risk.
Tensions are high in Saudi Arabia in expectations of protests akin to the ones that have swept across the Arab World. CNBC's Yousef Gamal El-Din reports.
The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.
Saudi Arabia is bracing for protesters to take to the streets on Friday—in what they are referring to as a 'Day of Rage'.
Police and protesters clashed in Saudi Arabia Thursday and the country faces a day of possible mass protests Friday, but even heavy demonstrations will not succeed in removing the current regime, according to analysts at the Eurasia Group.
Reports of police firing on protestors in the Saudi Arabian city of Qatif evoke a possible nightmare scenario for the disruption of oil from a country that sits atop the world's largest proven oil reserves.
Reports from Saudi Arabia indicate that police have opened fire on protestors at a rally in the eastern city of Qatif.
A few readers have asked why a business website should run a daily feature on the potential for war with Libya.
Financial markets have quickly moved from worrying about things like Middle East oil supplies to whether the global economy is healthy enough to support demand for all sorts of assets.
A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.
The London School of Economics should not have accepted research funding from a foundation run by the son of Libyan leader Muammar Gaddafi, the outgoing director of the London School of Economics told CNBC Thursday, but cuts in government funding will force governments to raise money more aggressively, he warned.
Libya’s central bank has ordered banks to recirculate old currency in the first sign that the oil-rich north African state is facing liquidity problems amid international efforts to freeze the regime’s assets, reports the Financial Times.
Wealthy Saudi investor Prince Alwaleed bin Talal expressed confidence in Citigroup's earnings potential and also called for the bank to issue a dividend to shareholders.
Foreign ministers from the Gulf Cooperation Council are expected to discuss an aid package in Riyadh, Saudi Arabia later Thursday, focused on help from the four countries with fortunate annual budgets to the other two: Oman and Bahrain.
Many in Europe worry that they will face new waves of illegal immigration not only from the liberated areas in the north, but from much of sub-Saharan Africa as well, the New York Times reports.
Oil prices are finally retreating from two-and-half year highs but the market is bracing for more volatility as anti-government protests threaten to spread beyond the borders of Libya towards the world's top exporter Saudi Arabia.
Discussing who is right in Libya and whether a Gaddafi comeback would be bad for oil, with Michael Levi, Fellow for Science and Technology, Council on Foreign Relations and Helima Croft, Barclay's geopolitical analyst.
It is no surprise that the normal supply and demand economics in the oil markets have been replaced with fear and speculation. And today, two major players went on the offensive.
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.
Sharing his thoughts on how much of the $20 jump in oil prices is due to speculation or is just companies "pricing in risk," with Rex Tillerson, ExxonMobil chairman/CEO