Analysts say oil market fundamentals are very bearish, and it would not be surprising to see crude take a temporary dive into the $30s per barrel in the next several months.» Read More
Discussing the Middle East's need for reform as well as oil supply issues, with Prince Alwaleed bin Talal al Saud, Saudi Arabia, Kingdom Holding Company.
Saudi Arabia has handed out about $37 billion, while Oman, Bahrain, Libya and Kuwait have boosted domestic spending up to 4 percent of GDP. The result is the sovereign wealth funds are less able to invest overseas.
Tensions are high in Saudi Arabia in expectations of protests akin to the ones that have swept across the Arab World. CNBC's Yousef Gamal El-Din reports.
Saudi Arabia is bracing for protesters to take to the streets on Friday—in what they are referring to as a 'Day of Rage'.
Police and protesters clashed in Saudi Arabia Thursday and the country faces a day of possible mass protests Friday, but even heavy demonstrations will not succeed in removing the current regime, according to analysts at the Eurasia Group.
iPad hits stores, NFL labor deadline approaches and Saudi Arabia braces for "Day of Rage." Here's some of what we’re watching – and therefore you should as well.
Markets head into Friday watching and waiting to see if economic news outweighs geopolitical concerns, after Thursday's "risk off" selling spree.
Reports of police firing on protestors in the Saudi Arabian city of Qatif evoke a possible nightmare scenario for the disruption of oil from a country that sits atop the world's largest proven oil reserves.
Reports from Saudi Arabia indicate that police have opened fire on protestors at a rally in the eastern city of Qatif.
Libya’s central bank has ordered banks to recirculate old currency in the first sign that the oil-rich north African state is facing liquidity problems amid international efforts to freeze the regime’s assets, reports the Financial Times.
Wealthy Saudi investor Prince Alwaleed bin Talal expressed confidence in Citigroup's earnings potential and also called for the bank to issue a dividend to shareholders.
Oil prices are finally retreating from two-and-half year highs but the market is bracing for more volatility as anti-government protests threaten to spread beyond the borders of Libya towards the world's top exporter Saudi Arabia.
Discussing who is right in Libya and whether a Gaddafi comeback would be bad for oil, with Michael Levi, Fellow for Science and Technology, Council on Foreign Relations and Helima Croft, Barclay's geopolitical analyst.
Sharing his thoughts on how much of the $20 jump in oil prices is due to speculation or is just companies "pricing in risk," with Rex Tillerson, ExxonMobil chairman/CEO
Things have gotten chilly here for Natural Selection, the film production company backed by Col. Muammar el-Gaddafi’s son Saadi, the New York Times reports.
The Bahrainian royal family is plenty worried about the unrest in their country. The Saudis are concerned about unrest, Gaddafi is a wild card and the Chinese have big plans.
Terrorism and not the "day of rage" protests planned Friday pose the biggest risk to Saudi Arabia's ability to keep the world supplied with oil, according to Barclays Capital commodities analyst Amrita Sen.
Video from the front line, Libyan refugee camps, the border, and the evacuation of foreign nationals at the airport, most of whom are from Bangladesh, Vietnam and Ghana.
The escalation in fighting in Libya is increasing fears of a civil war and with signs of politicall unrest spreading throughout the Middle East and North African nations the price of crude continues to climb.
Big economic-growth stats are trumping oil prices and the Mideast tinderbox. In optimistic trading on Thursday, stocks soared nearly 200 Dow points. Oil barely fell to just under $102 a barrel. Know what? The market may be shouting out that the recent oil spike is not going to derail economic recovery.