In a research note released Thursday, strategist at Citi say the world seems trapped in a 'death spiral' that could lead to a global recession and bear market in stocks. CNBC's Seema Mody reports.» Read More
Drillers removed 10 rigs in the week ended Sept. 11 and 13 rigs in the week ended Sept. 4, bringing the total rig count down to 652, after adding rigs in six of the past eight weeks, oil services company Baker Hughes Inc said in its closely followed report. Earlier Friday, U.S. crude prices were down more than 2 percent after two banks, Goldman Sachs and Commerzbank, both...
CNBC's Kate Kelly reports on refineries in the U.S. as they enter a seasonal repair period, during which they cannot refine product.
The Fast Money traders share their play on oil and JPMorgan's nine-point reason to upgrade Chevron.
CNBC's Kate Kelly reports Goldman's Jeff Currie is cutting his crude forecast saying oil has the potential to drop to $20 a barrel.
*Goldman cuts 2015, 2016 outlook; Commerzbank also pares forecast. NEW YORK, Sept 11- Crude futures fell on Friday after Wall Street's most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China's economy. Joining Germany's Commerzbank and a long list of other banks in cutting...
CNBC's Hadley Gamble speaks exclusively to Saudi prince Turki Al-Faisal about oil prices and the deal with Iran.
The DOJ complicates Halliburton's buyout of peer oilfield services company Baker Hughes.
The global supply surplus of oil is even bigger than Goldman Sachs thought, driving prices as low as $20 a barrel.
*Goldman cuts 2015, 2016 outlook; Commerzbank also pares forecast. NEW YORK, Sept 11- Crude futures fell about 3 percent on Friday after Wall Street's most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns over China's economy. Joining Germany's Commerzbank and a long list of other banks...
CNBC's Kate Kelly reports regional fall maintenance of oil refineries could put added pressure on oil prices.
Hunter Harrison, Canadian Pacific CEO, talks about his relationship with activist investor Bill Ackman, and turning around CP. And Keith Creel, Canadian Pacific COO, and Bill Ackman talk about the future of CSX.
Miswin Mahesh, oil analyst at Barclays, says the oil market is waiting for supplies to adjust, but demand has improved. He also explains whether or not the China slowdown impacted oil prices.
CNBC's Hadley Gamble reports on her exclusive interview with Saudi Prince Turki Al-Faisal.
Oleg Kouzmin, economist with Renaissance Capital in Moscow, explains how low oil prices and a weaker ruble are affecting the Russia economy.
Oil supply from non-OPEC states is likely to see its biggest drop in more than two decades next year, the International Energy Agency said on Friday.
The risk that oil could fall as low as $20 a barrel is rising amid a persistent surplus, Goldman Sachs said, cutting its forecasts again.
Saudi Arabia’s Prince Turki Bin Fasisal Al Saud tells CNBC, says it’s clear that both OPEC and non-OPEC oil producing countries are working hard to protect their share of the market.
October Brent, the global oil benchmark, shed 16 cents to $48.73 a barrel as of 0352 GMT after it settled up $1.31, or 2.8 percent, on Thursday at $48.89 a barrel. October U.S. crude lost 29 cents to $45.63 a barrel after it settled up $1.77, or 4 percent, at $45.92 a barrel. The comments followed a meeting of Gulf Arab oil ministers with Qatar's emir in Doha, at which a...
The front-month October contract for Brent, the global oil benchmark, shed 5 cents to $48.84 a barrel as of 0217 GMT after it settled up $1.31, or 2.8 percent, on Thursday at $48.89 a barrel. The U.S. crude October contract also lost 14 cents to $45.78 a barrel after it settled up $1.77, or 4 percent, at $45.92 a barrel. The comments followed a meeting of Gulf Arab oil...
Vishnu Varathan, senior economist at Mizuho Bank, says the Bank Negara Malaysia will likely be troubled by the risks from a weakened ringgit and high household debts.