They want to break the back of the frackers, says John Kilduff, Again Capital, discussing how the death of King Abdullah will likely impact the oil market and global supply chain.
WSJ Middle East Bureau Chief Bill Spindle shares perspective on the next generation of Saudi leaders. And CNBC's Hadley Gamble weighs in on the succession plan.
NBC's Richard Engel reports on the transition that is on the way in Saudi Arabia following the death of King Abdullah.
CNBC's Hadley Gamble reports on succession in Saudi Arabia following the death of King Abdullah.
Kamran Bokhari, Advisor on Middle Eastern & South Asian Affairs at Stratfor, explains why the oil-rich nation has entered a "new era fraught with perils."
Alejandro Barbajosa, VP, Crude Middle East & Asia-Pacific at Argus Media, discusses the outlook of crude oil prices after Saudi Arabia's King Abdullah passed away early Friday.
The fact that oil prices only rose $1 following the death of Saudi's King Abdullah means that prices will likely remain status quo moving forward, says John Bollinger , Founder of BollingerBands.com.
While the power transition in Saudi Arabia will not disrupt relations with the U.S., it may stall efforts to counter brewing turmoil in the region, says Stephen Yates, CEO of DC International Advisory.
Saudi Arabia's King Abdullah bin Abdulaziz Al Saud has died, state television reported early on Friday.
Saudi Arabia will want to maintain stability, so significant changes in foreign and economic policies are unlikely in the short term, says Robert Jordan, Former U.S. Ambassador to Saudi Arabia.
CNBC's Hadley Gamble reports about the death of Saudi Arabia's King Abdullah, who is known as the "Great reformer" for pushing large-scale education and infrastructure projects in the oil-rich nation.
Here's what you need to know about Saudi Arabia's new monarch, King Salman bin Abdulaziz.
At Davos 2015, Dan Yergin, vice chairman of IHS, discusses global oil production and demand, from the U.S. to Saudi Arabia to Europe.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead to next week. A wild week for crude, but it ended up around 1 percent for the week.
Commodities analyst Helima Croft says Saudi Arabia will likely keep oil prices low only for the next six months.
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, says that China is building up a strategic stock of oil, and that low prices provide a "good opportunity to dip into the market and accelerate purchases."
For oil prices to rebound, more adjustments in production output will be needed, says Will Oswald, Global Head of Fixed Income, Credit and Commodities at Standard Chartered.
Edward Morse, Citi commodities research, shares his outlook on crude prices. The U.S. will see a 40-percent cut in capex, predicts Morse.
Iranian oil minister has announced that they will double oil exports once sanctions are lifted, at the same time as the US Senate is debating the Keystone XL Pipeline. CNBC's Hadley Gamble discusses further, saying that Iran needs economic growth to stay in power.
Iran's government actually benefits from sanctions as they provide an excuse for the country's economic difficulties, an ex-presidential adviser said.