CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.» Read More
Founder and managing director of JBC Asia, Johannes Benigni, explains why Russia is not a viable candidate for OPEC.
SINGAPORE, June 5- Oil markets fell for a third day on Friday ahead of an OPEC meeting where the oil group is expected to stick by its policy of unconstrained output for another six months, keeping the market oversupplied. High production around the world means that global oil markets are oversupplied and ongoing high output by OPEC would mean that each month more...
SINGAPORE, June 5- Oil markets stabilized in cautious trading on Friday ahead of an OPEC decision that is likely to keep the market oversupplied, setting aside warnings of a second price fall as some members like Iraq and Iran look to ramp up exports. Saudi Arabia's oil minister Ali al-Naimi said he was 100 percent comfortable with the oil market, the Saudi-owned...
Iraqi Oil Minister, Adel Abdel Mahdi, said that he is confident OPEC will return to its original share of the market and that the current price for oil is "just."
SINGAPORE, June 5- Oil markets stabilized in cautious trading on Friday ahead of an OPEC decision that is likely to keep the market oversupplied and sets aside warnings of a second lurch lower in prices as some members like Iraq and Iran look to ramp up exports. Traders said market participants were reluctant to take on new positions ahead of a final decision from...
Oil seesawed in volatile trade on Friday, with Brent briefly hitting seven-week lows.
SINGAPORE, June 5- Oil markets moved sideways in cautious trading early on Friday ahead of an OPEC decision likely to keep the market oversupplied and setting aside warnings of a second lurch lower in prices as some members like Iraq and Iran look to ramp up exports. Front-month Brent futures were trading at $62.08 per barrel at 0049 GMT on Friday, five cents above...
The Organization of the Petroleum Exporting Countries (OPEC) is likely to keep its output target unchange when it meets on Friday. CNBC's Steve Sedgwick reports from Vienna.
Adil Abd al-Mahdi, Oil Minister of Iraq, says the fight against ISIS is far away from the Iraqi capital Baghdad and major oil fields in the country are well-secured.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down on the day ahead of tomorrow's OPEC meeting. Traders don't see OPEC cutting production any time soon.
Awaiting the OPEC meeting, John Kilduff, Again Capital, and Andy Lipow of Lipow Oil Associates, discuss oil production.
CNBC's Jackie DeAngelis checks on the pulse of the energy industry ahead of OPEC's meeting.
Phillip Streible, RJO Futures Senior Commodities Broker, forecasts the next move for oil prices ahead of an OPEC meeting.
Robbie Diamond, Securing America's Future Energy (SAFE), president & CEO, discusses the oil sector and key things to watch ahead of a big OPEC meeting in Vienna.
Ali Saleh al-Omair, oil minister for Kuwait, discusses OPEC and the waning issue of oil oversupply.
LONDON, June 4- The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least. A partial rebound in crude prices this year will give service companies such as Baker Hughes, Schlumberger and Petrofac little respite. "Higher prices have led to cost inflation over the past years and...
*Glum mood before OPEC, spiking European bond yields depress oil. *OPEC expected to keep oil output high, roll over target. NEW YORK, June 4- Crude prices tumbled about 2 percent for a second day on Thursday ahead of an OPEC decision likely to keep the market oversupplied and on worry rising European bond yields could tighten the availability of speculative money...
The EPA said in a Thursday report that it found no evidence fracking has a "widespread" impact on drinking water.
CNBC's Jackie DeAngelis reports on the bearish natural gas inventories, and the moves in energy prices.
Two different oil ministers from OPEC have suggested the cartel could raise its production target.