Oil prices will remain pressured this year as Saudi Arabia and Iran compete for market share in Asian economies, Stephen Schork says.
Nansen Saleri, Quantum Reservoir Impact, discusses the global oil glut and whether the Saudi could inflict lasting damage on shale producers. All oil producers, including Saudi Arabia are having adverse effects of loss of revenues, says Saleri.
Stephen Schork, "The Schork Report" editor, shares his outlook on crude prices as Saudi Arabia rules out production cuts and stockpiles continue to grow.
Saudi Arabia's oil minister declared Tuesday that he was not at war with shale oil drillers, but it's clear the U.S. industry is still under siege.
Pavel Molchanov, senior vice president and energy analyst at Raymond James, predicts oil could reach $60 by the end of the year.
Significant volatility in the oil market is now a consensus view, according to Goldman's Jeffrey Currie.
Every month that oil stays below $80 a barrel, Saudi Arabia loses money. CNBC estimates when the kingdom may run out of money.
Saudi oil minister Ali Ibrahim Al-Naimi says producers will hopefully reach an output freeze deal, but production cuts will not happen.
Saudi's oil minister Ali al Naimi is speaking in Houston on Tuesday. Here's how he can justify oil production cuts, says energy advisor Steven Kopits.
OPEC members are still undecided about oil production cuts, but the cartel is eager to participate in an effort to bring up oil prices.
The U.S. consumer will be in focus Tuesday as Wall Street eyes some key related earnings and economic reports.
Since oil prices cratered, no oil-producing country has eliminated as much production as the U.S. The trend should continue until 2017.
Daniel Yergin of IHS says that a deal between oil producers would just be a start in figuring out how to get the oil market back in balance.
CNBC's Hadley Gamble reports on conflict in the Middle East, where bomb blasts killed at least 120 people in two Syrian cities.
Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1, Russia's energy minister told local television.
Whether oil prices are actually close to stabilizing after months of painful declines depends on one wild card factor.
Stephane Foucaud, managing director of institutional research at FirstEnergy Capital LLP, discusses Saudi Arabia and shares his oil price forecast.
Iain Reid, senior oil & gas equity analyst at Macquarie, says the oil market is re-balancing, but slowly.
Talks between major oil producers about freezing output shows how painful cheap oil is becoming, but it is not likely to bring an end to the world oil glut anytime soon.
Helima Croft of RBC Capital Markets and Michal Meidan of Energy Aspects give their outlooks for an oil production cut.