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Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.
Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.
David Lennox, Resources Analyst at Fat Prophets, says the next few OPEC output reports may show a different story to rhetoric at Thursday's meeting. Richard Martin of IMA Asia joins in the discussion.
Richard Martin, Managing Director at IMA Asia, says U.S. oil can drop sink below $60 in the near-term. In Asia, prices are dependent on China, he warns.
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
Ahead of the OPEC meeting, CNBC looks at Steve Sedgwick's encounters Saudi Arabia's oil minister, Ali Al-Naimi.
Ahead of the OPEC meeting, CNBC's Steve Sedgwick receives a muted response from Saudi Arabia's oil minister, Ali Al-Naimi.
Alejandro Barbajosa, Vice President for Crude Middle East & Asia-Pacific at Argus Media, says an agreement to reduce production to 29 million barrels per day would be a strong signal.
Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, says OPEC won't reduce output since members need high levels of cash flow in order to fulfill promises to citizens.
Don Luskin, Chief Investment Officer at Trend Macro, says technological abundance is collapsing prices in the energy sector, which is hurting major cartels like OPEC.
The idea that the cartel is worried about market share is misleading, says Daniel Hynes, Senior Commodity Strategist at ANZ.
Peter Boockvar, Chief Market Analyst at The Lindsey Group, says Wall Street shares are "extraordinarily overbought" at the moment due to expectations of central bank support.
The minister said he is confident the group will reach a unified decision, and that the meeting will last only one day.
Greg Priddy, Eurasia Group, shares his thoughts on OPEC's Thursday meeting and the stumbling blocks to reaching an agreement.
CNBC's Steve Sedgwick reports the latest details on the debate among OPEC members on whether to cut oil supplies.
Tom Kloza, Oil Price Information Services, discusses low expectations for Thursday's OPEC meeting as ministers meet to discuss production levels.
CNBC's Steve Sedgwick reports on Thursday's meeting of OPEC ministers where they will likely discuss possible reduction in oil production.
Matt Smith, Commodity Analyst at Schneider Electric, explains why Saudi Arabia is so reluctant to reduce output and warns that investors shouldn't expect too much progress from the meeting.
David Dietze, President & Chief Investment Strategist, outlines which sectors are best positioned to take advantage of lower oil prices.
Stephen Schork, Editor of the The Schork Report, explains why the oil-rich kingdom is unlikely to go along with Iran's demands for a cut in crude output.