WTI crude closed below $29 on Tuesday, reports CNBC's Jackie DeAngelis.
Holding on to a 30-million-barrel-a-day production ceiling could land OPEC's powerbroker with its own Arab Spring.
CNBC's Michelle Caruso-Cabrera reports on trading action in Dubai, Saudi Arabia, Tehran and Qatar.
Oil prices were sharply lower in Asian trade, fueled by fears of Iranian output adding to existing oversupply.
Saudi Arabia and other Persian Gulf countries are gobbling up farmland in drought-afflicted regions of the U.S. Southwest.
Saudi Arabia has asked banks and consultancies to submit proposals for a new sovereign fund, according to sources.
Here's why the credit crunch hitting the oil industry could be worse than the 2008 housing crisis, says longtime oil man Mark Harrington.
A tidal wave of U.S. gasoline and diesel supply is weighing on already weak oil prices, driving crude back toward $30 per barrel — and below.
Four years after the Arab Spring, the lynchpin of OPEC faces more social unrest as Saudis digest unaccustomed austerity amid plummeting oil prices.
Oil is being slammed by a severe erosion in market confidence caused by the weak global environment, according to a top energy expert.
CNBC's Hadley Gamble comments on the story, where two U.S. navy boats drifted into Iranian waters and were captured.
Forget China's official numbers, here's what could be the best gauge of the world's second largest economy, according to Harvard's Kenneth Rogoff.
There's growing evidence that Saudi Arabia's attempt to flood the crude market is not working, American oil billionaire Harold Hamm tells CNBC.
The UAE moved to quash talk of an OPEC emergency meeting, after Nigeria's oil minister said on Tuesday that a "couple" of members had requested a gathering.
Jim Cramer lists the 14 events that must occur in order for the market to find a sustainable bottom that is safe to invest in.
The perception of crude oversupply is stronger than ever, but there's one thing that could really move the needle, says RBC's Helima Croft.
Helima Croft, RBC Capital Markets, discusses how geopolitical conflicts are impacting the price of oil.
After a jarring and brutal week for stocks, markets are primed for further pounding in the week ahead.
Saudi Arabia is thinking about listing shares in its state-owned oil behemoth, Saudi Aramco, amid a global oil supply glut.
Saudi Arabia is considering listing state-owned oil producer, Saudi Aramco, The Economist reported.