Oil prices may be tanking in the wake of a failed attempt to freeze production, but Citi is betting on a recovery in prices.
A summit between top oil producers ended in failure, with participants unable to strike a deal on freezing output.
Oil producers' Doha meeting aimed at a deal to freeze output hit last-minute trouble Sunday amid fresh tension between Saudi Arabia and Iran, sources said.
Iran's top central banker told CNBC that asking Iran to freeze output right now is unfair.
Did the Doha meeting of oil producing countries end before it even began? Not necessarily.
This weekend's meeting of oil-producing nations in Doha may result in a flimsy agreement with no real impact on oil supply.
Iran will not attend a meeting about freezing oil output levels scheduled for Sunday in Doha, Qatar, two sources familiar with the situation said.
Saudi Arabia is warning that it will sell U.S. assets if a bill holding the kingdom responsible for 9/11 passes. The New York Times reports.
Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, and John Kilduff, Partner at Again Capital LLC, discuss whether we'll see a deal coming out of the oil producers' meeting in Doha.
Looking ahead to the oil producer meeting this weekend, and where oil prices go from here, with CNBC's Jackie DeAngelis, and Dan Yerkin, IHS Vice Chairman.
Oil producers have a better than 50/50 chance of striking a deal to freeze output when they meet in Doha this weekend, a new CNBC Oil Survey finds.y.
Amrita Sen, chief oil analyst at Energy Aspects, says oil capacity in countries like Libya and Iraq has been permanently damaged.
U.S. oil prices closed mildly lower as the market processed a mixed report from the IEA.
Bill Gates shares his view on tensions between the U.S. and the Gulf states and the difficulty of moving away from oil dependency.
Bill Gates, founder of The Gates Foundation, says his foundation is careful about the money it receives to avoid corruption.
U.S. crude production fell under the 9 million barrel a day threshold last week, a welcome development for oil producers heading to Doha this weekend.
Producing nations risk an oil bust if they don't reach a freeze agreement of some sort when they meet in Doha, Qatar, this weekend.
Saudi Arabia's oil minister Ali al-Naimi dismisses a possible reduction in the country's crude output.
Traders seemed to have convinced themselves that there will be a deal out of the OPEC meeting in Doha.
Oil experts Helima Croft, RBC Capital Markets, and John Kilduff, Again Capital, discuss the next move in oil. Oil hit 2016 highs after news Russia and Saudi Arabia have agreed to freeze output.