Top oil producers Saudi Arabia and Russia made a joint statement at the G-20 summit in China on Monday aimed at stabilizing crude prices, media reports said.
Top oil producers Saudi Arabia and Russia made a joint statement on Monday aimed at stabilizing crude prices. Natixis oil and gas analyst, Abhishek Deshpande discusses.
Saudi Arabia may still agree to a deal to freeze crude production — as long as all other oil-producing nations do the same, the country’s Prince Turki Al-Faisal told CNBC.
Turki Al-Faisal, President of the King Faisal Center for Research and Islamic Studies, discusses Saudi Arabia's attitude to foreign investment.
Turki al-Faisal, president of the King Faisal Center for Research and Islamic Studies, argues for a holistic approach with regards to the oil market.
Turki al-Faisal, president of the King Faisal Center for Research and Islamic Studies, says that President Obama's foreign policy is not solely to blame for the civil war in Syria.
Arkady Dvorkovich, deputy prime minister of Russia, discusses his country's economic strategy, and says that Russia is ready to sign an oil deal "if everyone signs."
CNBC's Hadley Gamble discusses the issues ride hailing services Uber and Careem are facing in Abu Dhabi and Saudi Arabia, including security concerns and service suspension.
Iran's Islamic Revolutionary Guard Corps vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said.
The next trough in oil prices could come just as OPEC members gather in Algeria next month – and that could make for an interesting, and more unpredictable outcome.
A Fed rate hike is looking more likely for September. And that's just one of the headwinds facing the stock market in the fall, says John Kilduff.
Brent crude fell back below $50 a barrel on Monday as analysts doubted upcoming producer talks would rein in oversupply.
Oil prices surged dramatically in the last two weeks thanks to OPEC freeze talk, but there's little expectation the cartel will act.
Bubbling oil prices, up 23 percent in 15 days, will be a focus Friday as traders watch the latest U.S. rig count data.
Crude oil prices rose for a sixth straight day on Thursday as producers prepared to discuss a possible freeze in output levels.
The oil rally paused on Wednesday as a surprise draw in U.S. crude and gas stocks was offset by reports Saudi Arabia is increasing its output.
A Pimco managing director added his voice to the chorus of energy experts saying $50 per barrel is the magic number for crude oil on Wednesday.
Preliminary data from the American Petroleum Institute showed a surprise build in U.S. gasoline stocks.
OPEC crude oil production hit an eight-year peak in July, but may fall this month amid turmoil in major member countries, UBS said on Tuesday.
Russia is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said.