As analysts vie to produce the most bearish oil price forecast, one pro has raised the game, telling CNBC that crude might fall below $10 per barrel within the next 10 years. » Read More
OPEC's first female president, Diezani Alison-Madueke, says that non-OPEC members need to "share the burden" of falling oil prices.
After OPEC's decision to hold oil production, Bill Farren-Price, CEO of Petroleum Policy Intelligence, says that the organization will inevitably hold another meeting if prices continue to decrease.
Ahead of the OPEC meeting, Jamie Webster, senior director of Global Oil Markets at IHS Energy says he thinks there won¿t be a cut, whilst shale oil poses extra challenges for the OPEC meeting.
Ahead of OPEC meeting, CNBC talked to various oil ministers on their opinions about future oil cuts.
Ahead of the OPEC meeting, CNBC looks at Steve Sedgwick's encounters Saudi Arabia's oil minister, Ali Al-Naimi.
When considering the oil markets and its falling oil prices, banks must be considered as a risky area for 2015 says Steen Jakobsen, chief economist at Saxo Bank.
Oil futures sank to a fresh four-year low overnight as ministers from the Organization of the Petroleum Exporting Countries are set to meet Thursday.
Ahead of the OPEC meeting, CNBC's Steve Sedgwick receives a muted response from Saudi Arabia's oil minister, Ali Al-Naimi.
Investment opportunities could be better elsewhere. Ana Cukic Armstrong, CEO of Armstrong Investment Managers says the recent change in Japan's GPIF policy could have a huge influence on the market.
Nigerian oil minister Diezani Alison-Madueke, says OPEC and non-OPEC members need to come together to reach an equilibrium on oil prices.
OPEC will cut oil production at its meeting on Vienna on Thursday, Johannes Benigni, founder and managing director at JBC Asia says, adding that if it delays a cut, the cartel will lose credibility.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says OPEC members are unlikely to cut oil production at this meeting, but this will push the price of the commodity lower.
Speaking to reporters at the OPEC meeting in Vienna, Bijan Zangeneh, Iranian oil minister, says there is more oversupply in the oil market to come.
Alejandro Barbajosa, Vice President for Crude Middle East & Asia-Pacific at Argus Media, says an agreement to reduce production to 29 million barrels per day would be a strong signal.
Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, says OPEC won't reduce output since members need high levels of cash flow in order to fulfill promises to citizens.
Don Luskin, Chief Investment Officer at Trend Macro, says technological abundance is collapsing prices in the energy sector, which is hurting major cartels like OPEC.
The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, says Wall Street shares are "extraordinarily overbought" at the moment due to expectations of central bank support.
As oil prices continue to fall, Wall Street is waiting to see if OPEC cuts oil production
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. OPEC will announce a possible production cut tomorrow.