With oil's price collapse, we can now declare that OPEC's reign as king of the market is over.
Jim Rickards, chief global strategist at West Shore Funds, expects oil prices to trade between $50-60 for a year or two as Saudi Arabia attempts to put the U.S. shale frackers out of business.
Oilman Harold Hamm says the Saudi hard line on production has turned the Russian "ruble into rubble" while also squeezing U.S. producers.
The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude slid again on yesterday's record build.
Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia is being written off at the moment, however a shift in policies could change that.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rig counts declined and Europe appears to be getting stronger. Nat gas and gold were up on the day, as well.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude finished up for the week as refinery strikes continued.
Have oil prices bottomed? As CNBC Explains, it's anybody's guess.
Miswin Mahesh, oil analyst at Barclays, says Saudi Arabia will not cut oil production, leading to weakness in the price during the first half of the year.
The rollercoaster ride in oil prices continued on Thursday, after the market tumbled on news that U.S. inventories were at a near-80 year high.
Ibrahim bin Abdulaziz Al-Assaf, finance minister of Saudi Arabia, discusses his country's relationship with the U.S., following rumors that Saudi royals funded the 9/11 attacks.
Saudi Arabia's Finance Minister, Ibrahim bin Abdulaziz Al-Assaf, says the country has buffers and reserves in place to deal with the low oil price.
Saudi Arabia is a "pillar of stability" among the geopolitical turmoil in the Middle East, the country's finance minister, Ibrahim bin Abdulaziz Al-Assaf, told CNBC.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day as traders buzzed about OPEC comments. Nat gas was hit again as temperatures warmed up. And gold had a slight rebound on the day.
John Kilduff, Founding Partner; CNBC Analyst, Again Capital, says rumors of ISIS on the move and a threat to Kirkuk in Iraq pushed oil higher on the day. If the rumors prove to be false, he says, oil will fall back.
We need a strategy, says Sen. John McCain, (R-Ariz.), discussing transition in Saudi Arabia amid instability in the Middle East and ISIS terror attacks.
The political turmoil in Yemen may seem a peripheral issue, but it has global and regional implications spanning energy and security.
Crispin Hawes, managing director at Teneo Intelligence talks about the tensions that have been rising in Yemen, saying that this will be a "painful headache" for the new Saudi Arabian king.
King Abudullah blazed the trail for women in Saudi Arabia and his death won't be a setback for women's rights, says this real-estate investor.