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  • Why Russia is not a good OPEC candidate Friday, 5 Jun 2015 | 2:15 AM ET
    Why Russia is not a good OPEC candidate

    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: Oil prices are 'just' Friday, 5 Jun 2015 | 1:10 AM ET
    Iraqi oil minister: Oil prices are 'just'

    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 ends up 1.9% after slight fall in US rig count Friday, 5 Jun 2015 | 2:37 PM ET
    Rusted out 'pump-jacks' in the oil town of Luling, Texas.

    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...

  • OPEC expected to stand pat on output target Thursday, 4 Jun 2015 | 8:08 PM ET
    OPEC expected to stand pat on output target

    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.

  • Iraqi Oil Min: We are safe from ISIS Thursday, 4 Jun 2015 | 7:31 PM ET
    Iraqi Oil Min: We are safe from ISIS

    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.

  • Commodities tomorrow: Oil down 3% Thursday, 4 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Oil down 3%

    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.

  • OPEC to hold steady: Pros Thursday, 4 Jun 2015 | 3:37 PM ET
    The oil ministers of Qatar, Saudi Arabia and the United Arab Emirates attend the opening session of the Arab Energy Conference in Abu Dhabi.

    Awaiting the OPEC meeting, John Kilduff, Again Capital, and Andy Lipow of Lipow Oil Associates, discuss oil production.

  • CNBC oil outlook survey Thursday, 4 Jun 2015 | 3:35 PM ET
    CNBC oil outlook survey

    CNBC's Jackie DeAngelis checks on the pulse of the energy industry ahead of OPEC's meeting.

  • Next move for oil prices Thursday, 4 Jun 2015 | 2:12 PM ET
    Next move for oil prices

    Phillip Streible, RJO Futures Senior Commodities Broker, forecasts the next move for oil prices ahead of an OPEC meeting.

  • What to watch from OPEC Thursday, 4 Jun 2015 | 1:11 PM ET
    What to watch from OPEC

    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.

  • Could OPEC hike supply on Friday? Thursday, 4 Jun 2015 | 11:10 AM ET
    Could OPEC hike supply on Friday?

    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...

  • EPA on fracking: No 'widespread' impact on water Thursday, 4 Jun 2015 | 1:29 PM ET
    Oil pumps wells Monterey Shale fracking

    The EPA said in a Thursday report that it found no evidence fracking has a "widespread" impact on drinking water.

  • Nat gas inventories build 132 bcf Thursday, 4 Jun 2015 | 10:32 AM ET
    Nat gas inventories build 132 bcf

    CNBC's Jackie DeAngelis reports on the bearish natural gas inventories, and the moves in energy prices.

  • Could OPEC be ready for a production hike? Friday, 5 Jun 2015 | 3:01 AM ET
    Iraq oil

    Two different oil ministers from OPEC have suggested the cartel could raise its production target.