Business Saudi Arabia

  • China is stocking up on oil

    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."

  • No bottom in sight for oil prices: StanChart

    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.

  • $40 oil would not surprise me: Expert

    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 ties with the West

    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.

  • Tehran, Iran

    Iran's government actually benefits from sanctions as they provide an excuse for the country's economic difficulties, an ex-presidential adviser said.

  • Saudi not crashing oil market to hurt Iran: Ex-diplomat

    Saeed Laylaz, economist and former advisor to ex-Iranian President Mohammad Khatami, dismisses the idea that Saudi Arabia is purposely damaging the oil market to hurt the Iranian economy as it would do more damage to itself.

  • Will Saudi Arabia act to address oil price slump?

    John Licata, Founder and Chief Energy strategist at Blue Phoenix, discusses the possibility of Saudi Arabia, the world's biggest oil exporter, taking action to arrest the collapse of oil markets.

  • Trader on the floor of the New York Stock Exchange.

    Wall Street is getting more bearish on the outlook for oil prices and some strategists see the market many months away from finding a floor.

  • Falling oil prices will hurt countries across the Middle East unless Saudi Arabia takes steps to reverse the slump, Iran's deputy foreign minister said.

  • Saudi King Abdullah bin Abdulaziz al-Saud

    Experts predict a smooth succession if Saudi King Abdullah were to die, but future transitions could prove problematic.

  • A Civeo lodge in Canada

    Oil investors are paying attention to Civeo's recent plummeting as the drop points to indications of slower oil investments.

  •  King Abdullah bin Abdulaziz al-Saud

    Saudi Arabia's king was hospitalized Wednesday for tests, and that had many wondering about succession plans and its impact on oil.

  • Saudi succession & price of oil

    Discussing the succession plan in place in Saudi Arabia and what new rule would mean for the oil market, with David Philips, Former State Dept. Advisor.

  • Saudi King in hospital, oil still slides

    King Abdullah of Saudi Arabia has been hospitalized. CNBC's Jackie DeAngelis reports how oil traders are weighing the news.

  • Questions in House of Saud

    Robert Jordan, former ambassador to Saudi Arabia, shares his thoughts on reported health issues of Saudi Arabia's King Abdullah and its implications regarding succession and the oil markets.

  • Oil volatility is going to persist: CEO

    Oil prices could drop further to $40 and market volatility is "going to persist" due to political turbulence, says Ana Cukic Armstrong, CEO of Armstrong Investment Managers.

  • Commodities Next Week: Nat gas slammed

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. Natural gas fell below $3, mostly due to the extremely mild winter so far. Prices could continue to fall, traders say.

  • Oil

    Saudi Arabia says OPEC will maintain its current oil production no matter what—until crude hits $40, Breitling Energy' Chris Faulkner said.

  • A KC-135 Stratotanker from Fairchild Air Force Base, Wash., refuels a B-1B Lancer during a training exercise Sept. 23, 2014, over South Dakota.

    As the U.S. reduces its military budget, Jim Cramer sees allied countries are arming themselves. This is good news for one group of stocks.

  • Why this is not the end of oil's plunge

    Mike Harrowell, Director of Resources Research at BBY, says oil prices could fall to $15-20 a barrel unless Saudi Arabia cuts output to restore market balance.