The US now holds more reserves than other countries for the first time with recoverable oil totaling 264-billion barrels.
Suicide bombers struck three cities across Saudi Arabia, killing at least four security officers in an apparently coordinated campaign.
Oil prices rose following comments from the Saudi energy minister, but signs of slowing demand in Asia weighed.
A suicide bomber was killed and two other people wounded in a blast outside the U.S. consulate in Jeddah early on Monday, state TV said.
The U.K. has been America’s closest ally, but Brexit changes everything. The US will be forced to find a new dance partner, says Philippe LeCorre.
Brexit has unleashed uncertainty for months and years to come in the foreign exchange markets, says Keith Underwood. Here are the winners and losers.
Former Treasury Secretary Larry Summers says Brexit after-effects on the world will depend "heavily on psychology."
Brexit with benefits: Don't miss out on the bargains in the U.S. equity market that have come courtesy of the British electorate, says John Kilduff.
Oil prices reversed their losses in post-settlement trade after API data showed a bigger-than-expected draw on inventory.
With Saudi Arabia being the biggest market for booking app Careem, CNBC catches up with its co-founder Abdulla Elyas, to talk about the region.
Discussing the upcoming meeting between President Obama and the Saudi Deputy Crown Prince with James Smith, Former United States Ambassador to Saudi Arabia, and Stephen Seche, Former Chargé d'Affaires at the U.S. Embassy in Damascus, Syria and Arab Gulf States Institute in Washington Executive Vice President.
“I can confirm that Saudi Arabia has started to invest. I cannot disclose exact amount, but we are very impressed with what that fund is doing,” RDIF’s CEO, Kirill Dmitriev told CNBC.
The collapse in crude prices is turning into a trillion-dollar retrenchment for the global oil industry.
The oil market's "real Achilles heel" is slowing economies in this region, says John Kilduff.
Oil prices need to recover to roughly $70 a barrel — and stay there — before U.S. shale drillers invest in new production, Tom Petrie said.
Some of the factors driving oil higher may be fleeting, and crude is widely expected to come off current levels. But strategists say the charts are telling another story.
At issue is whether Goldman violated the law when it didn't inform regulators about a potentially suspicious transaction involving 1MDB, the WSJ reports.
Saudi Arabia's National Transformation Plan will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters.
OPEC is a dysfunctional organization that has outlived its usefulness, Oppenheimer senior energy analyst Fadel Gheit said Thursday.
OPEC ministers ended their meeting Thursday without a production agreement, but with plenty of talk of unity, something that could fade fast if oil prices crumble again.