Saudi Arabia will try to jockey the oil market with comments about cutting production once crude prices fall below $44, Phillip Streible said.» Read More
David Hewitt, co-head of global oil & gas equity research at Credit Suisse, discusses the possibility of oil prices falling to $30 a barrel.
Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis.
Insight to the stability of Saudi Arabia's economy, with Greg Priddy, Eurasia Group.
Russian foreign minister, Sergey Lavrov, is to meet Saudi Arabian counterpart on Tuesday, with talks expected to be based on energy and the Middle East.
At $50 oil, spending cuts could be postponed three years. DUBAI, Aug 9- Pressure on Saudi Arabia's state finances is mounting as oil prices fall but the latest official figures suggest the world's top crude exporter still has at least several years before it faces a budget crunch. Brent oil sank last week below $50 a barrel, near six-year lows, from $70 three months...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.
The oil market is setting up for a prolonged period of low prices.
*Saudi, UAE, other money market rates start to rise. DUBAI, Aug 5- The days of very easy money are drawing to a close in the rich Gulf Arab oil-exporting economies as money market rates start to rise, partly because of the damage which cheap oil is doing to government finances. Loose liquidity created by inflows of oil money pushed short-term rates in Saudi Arabia, the...
Analysts say oil market fundamentals are very bearish, and it would not be surprising to see crude take a temporary dive into the $30s per barrel in the next several months.
Helima Croft, RBC Capital Markets, discusses how cheap crude prices are impacting oil-focused economies and whether prices are headed lower from here.
Oil prices have now broken below many Wall Street targets and look set to test the year's lows and beyond, before finding a bottom.
*OPEC output up more than 1.7 mln bpd since policy shift. LONDON, July 31- OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. OPEC supply has risen in July to 32.01 million barrels per day...
Jim Cramer opens up his chest of knowledge to explain the real catalyst behind what drives a stock to explode on earnings.
The Iran nuclear deal could help stabilize oil prices and even give them a boost, says Nasdaq's Tamar Essner. But here's what has to happen first.
Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.
U.S. oil futures closed below the psychologically important $50 level—possibly signaling more declines to come and a retest of the March lows.
Defense secretary Ash Carter arrives in Saudi Arabia for scheduled meetings with King Salman; one of Indonesia's busiest international airports closes due to a volcanic eruption; and McDonald's could start offering all day breakfast, reports CNBC's Courtney Reagan.
With U.S. refineries running at record levels, the global oil glut is turning into a fuel glut.
European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.
DUBAI, July 16- Bond issues by Saudi Arabia's government are expected to be worth tens of billions of dollars by the end of 2015 as the state ramps up debt sales to plug a hole in finances created by low prices for oil exports. Central bank governor Fahad al-Mubarak announced last week that Riyadh had sold its first sovereign bonds since 2007, a 15 billion riyal...