I think this is an agreement to agree but questions remain, says Dan Yergin, IHS Markit vice chair, sharing his thoughts on OPEC's deal to limit oil production. » Read More
It's clear Russia has intentions of increasing production in a significant way, says Tom Petrie, Petrie Partners chairman, sharing insight to this week's meeting of OPEC leaders.
LONDON, Sept 26- Hedge funds have become increasingly bullish about the outlook for gasoline prices even as they have become more cautious the prospects for heating oil this winter. Hedge funds are net short of heating oil futures and options for the first time since April, according to position data published by the U.S. Commodity Futures Trading Commission.
Oil prices trade higher early Monday as the world's largest producers gather in Algeria to engage in talks.
The average price of gasoline in the U.S. has risen four cents over the past two weeks to $2.25 a gallon for regular grade.
CNBC's Hadley Gamble reports OPEC leaders meet today to discuss a possible deal to limit oil output.
Emma Richards, senior oil and gas analyst at BMI Research, says that relations between Iran and Saudi Arabia are so poor that no supply agreement will be reached at this week's oil producer meeting in Algiers.
CNBC's Hadley Gamble discusses the latest from this week's OPEC meeting in Algiers.
S&P Global Platts's Sarah Cottle outlines the various steps in the process of OPEC members actually formalizing a output freeze agreement.
Mike Bell, global market strategist at JP Morgan Asset Management, discusses the impact (and low chances) of an OPEC agreement in Algiers.
CNBC's Hadley Gamble reports from Algiers about the upcoming meeting of OPEC members.
Ole Hansen, head of commodity strategy at Saxo Bank, talks about the need for OPEC to make agreements on oil production at Algiers.
*Algeria minister says won't come out of meeting "empty-handed". SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on...
CNBC's Hadley Gamble reports on the meeting of OPEC members in Algiers, and the chances of them reaching an agreement to cut production and stabilize oil prices.
CNBC's anchors discuss this week's informal meeting of OPEC producers and whether or not they will come to an agreement on oil production.
India has been one of the biggest beneficiaries of lower oil prices while Malaysia has been hit the hardest, says Henderson Global Investors' Sat Duhra.
Oil-related U.S. equities are at low enough levels to look attractive for investors, says Reyl Singapore's Daryl Liew.
Iran's refusal to freeze output and the current economic fundamentals will keep OPEC members from agreeing on any action, says OCBC Bank's Barnabas Gan.