International Organizations OPEC

  • Canada & US victim of own drilling success?

    Peter Tertzakian, ARC Financial Corporation, explains what's behind low oil prices and if the Saudis are trying to "pop the oil balloon."

  • Saudi Arabian King Abdullah (L) with President Obama

    Commodities analyst Helima Croft says Saudi Arabia will likely keep oil prices low only for the next six months.

  • OPEC maintains $40 oil for 6 months, then gets out: Pro

    Helima Croft, RBC Capital Markets, shares her forecast for OPEC and oil production.

  • Luxury brands to benefit from cheaper fuel

    Will cheaper fuel cause consumers to spend more in the U.S. retail sector? Oliver Chen, senior analyst at Cowen and Company, says he thinks that luxury brands like Tiffany, rather than lower-end retail, will benefit from the fall in the price of oil.

  • Energy prices 'will benefit US economy'

    Simon Laing, head of U.S. equities at Invesco Perpetual, says that when low oil prices start to feed into consumer spending it will be positive for the U.S. economy.

  • T. Boone Pickens

    The current situation in oil is out of OPEC's control, Pickens wrote on Twitter on Tuesday.

  • OPEC

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today, as the spread between WTI and Brent narrowed. OPEC announced it would still not cut production.

  • Men work on an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain, January, 2015.

    Oil prices continued their rout with Brent crude and US WTI both falling to their lowest in almost six years.

  • Oil has one way to go...and it's not up: Pro

    Dan Dicker, MercBloc president, provides insight into oil's downward momentum and how the lack of buyers impacts prices.

  • Oil prices near 6-year lows: Analyst

    The oil price is nearing a 6-year low. Richard Mallinson, geopolitical analyst at Energy Aspects, says markets are looking for "a turning point" in oil production and it will end up being non-OPEC countries that cut supplies.

  • Jim Cramer on Mad Money.

    CNBC's Jim Cramer said Tuesday that countries around the world, including China and India, are starting to benefit from oil's price plummet.

  • OPEC plays hardball

    CNBC's Jackie DeAngelis reports oil is off session lows, but sits below $45 a barrel, and OPEC says there will be no backing down in terms of production.

  • US dollar is a 'drag' for some firms

    Multinational businesses that do business overseas could feel a "drag" from the stronger dollar, says Ken Kamen, president of Mercadien Asset Management, but growing demand globally as oil prices drop could offset this later on.

  • China is stocking up on oil

    Gareth Lewis-Davies, senior oil strategist at BNP Paribas, says that China is building up a strategic stock of oil, and that low prices provide a "good opportunity to dip into the market and accelerate purchases."

  • Commodities tomorrow: Oil drops, equities drop

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another big drop in oil dragged down equities. A GS forecast that said oil could go to $40 and OPEC refusing to cut production were the reasons why.

  • An oil worker for Raven Drilling, helps line up a pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    Oil slumped 5 percent to near six-year lows on Monday after Goldman Sachs slashed its short-term price forecasts.

  • How to play oil-based stocks

    Shell is definitely a choice for investors as the most "defensive" oil services stock currently says Jason Gammel, oil equities analyst at Jefferies.

  • $40 oil would not surprise me: Expert

    Edward Morse, Citi commodities research, shares his outlook on crude prices. The U.S. will see a 40-percent cut in capex, predicts Morse.

  • Commodities tomorrow: OPEC blames US for oil prices

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended a little higher on the day, after Brent went under $50 last night. A significant build in gasoline could mean even lower prices at the pump.

  • Gas prices at a Costco station in Westminster, Colorado, December 23, 2014.

    A surge in U.S. gasoline and diesel supplies spells more trouble for oil prices but is good news for consumers.