Oil prices dipped in Asian trading on plentiful supplies and slowing economic growth, although some analysts see a recovery later this year. » Read More
One oil analyst told CNBC that Saudi Arabia views Donald Trump as too unpredictable to be U.S. president.
If oil holds above $50, more than half of U.S. shale drilling will begin to come back on line, according to a new CNBC survey.
2016 maybe the "year of reckoning" for some OPEC members, RBC Capital Markets warned, ahead of the oil cartel's meeting in Vienna this week.
Well-respected figures in the oil industry believe that prices are still too low and that the only way is up.
The OPEC ministers will meet in Vienna Thursday. This is the era of speculative trading, explains Tamar Essner, NASDAQ Energy Director.
CNBC's Jackie DeAngelis provides insight to the CNBC survey results ahead of the OPEC ministers meeting in Vienna tomorrow, in which more than 70 percent of respondents think there is a zero to ten percent chance of a production freeze.
Rapidan Group President, Bob McNally says he can’t remember an OPEC meeting where expectations for it were so low.
Bob McNally, Rapidan Group President, says Saudi Arabia and other Gulf states are wary of a Donald Trump presidency.
*Focus on output levels ahead of OPEC meeting on Thursday. LONDON, June 1- Oil prices fell on Wednesday on expectations of high and rising exports from the Middle East, while concerns about China's economy weighed on the demand outlook. Iran's representative to the OPEC said Tehran would not commit to any oil output freeze and that any discussion of rationing...
Richard Jeffrey, CIO for Cazenove Capital, says oil prices are likely to stabilize around current prices and talks about productivity.
*Major Middle East producers ramp up output ahead of OPEC meeting. SINGAPORE, June 1- Oil prices fell over 1 percent on Wednesday as production from major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy weighed on its fuel demand outlook. Most analysts said OPEC will continue to focus on...
CNBC's Hadley Gamble reports from Vienna ahead of this week's OPEC meeting and discusses comments by the UAE's oil minister.
Gary Ross, executive chairman and head of global oil at PIRA Energy Group, says non-OPEC oil supply is declining and the global surplus is going down.
Investors made a beeline for the shares of aircraft leasing company BOC Aviation in its Hong Kong trading debut.
CNBC's Hadley Gamble reports on OPEC ahead of a meeting in Vienna later this week, which will be attended by Saudi Arabia's new oil minister.
Oil prices closed off their session lows after OPEC sources said the group was likely to consider a new output ceiling.
*Major Middle East producers ramp up output ahead of OPEC meeting. *Morgan Stanley says it is worried about China's economy. SINGAPORE, June 1- Oil prices fell early on Wednesday as production from the major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy weighed on its fuel demand outlook.
Saudi Arabia has summoned bankers to meetings in Riyadh next week as it seeks to launch its debut international bond, the Financial Times reports.
Italian oil and gas company Eni is continuing to explore for oil but is focusing on areas it knows well, CEO Claudio Descalzi said.