OPEC's decision to leave its oil production quota unchanged is hammering oil markets, but some experts are skeptical about even lower prices.
Saudi Arabia has limited FX reserves to defend its currency peg to the dollar, says Nicholas Ferres, investment director of global asset allocation at Eastspring Investments.
Jim Cramer explains why lower oil prices should be a positive for the stock market, but are instead wreaking havoc.
Saudi Arabia is unlikely to see an uptick in unrest, but lower oil revenues contribute to political risk for the country.
Saudi Arabia never expected the oil price rout to last this long, says Cornerstone Analytics founder, Mike Rothman.
There's no question that oil prices will continue to fall after the OPEC meeting, but the big unknown is when they will bottom out, says Warren Gilman, chairman and CEO at CEF Holdings.
Add one more item to its list of potential woes: the link of the Saudi currency, the riyal, to the dollar.
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.
Alan Gelder, vice president for refining and marketing research at Wood Mackenzie, discusses the outlook for oil prices and demand, ahead of the OPEC decision.
Venezuelan oil minister, Eulogio del Pino reveals what he wants to see from OPEC in this upcoming meeting and what Venezuela wants in the oil market.
Iranian Oil Minister, Bijan Namdar Zanganeh explains why Iran doesn’t need permission to increase its oil production.
Helima Croft, chief commodities strategist at RBC Capital Markets, explains that Saudi Arabia will not cut oil production unless other countries cut production too.
The focus around OPEC's meeting will be on whether the oil cartel will cut production to lift prices. Indonesia's re-entry could complicate that.
Daniel Hynes, senior commodity strategist at ANZ, says OPEC's consistent message for the past year has been that the group would cut production only if others joined.
Jim Cramer goes through the list of unexpected events that prompted the sell-off on Thursday and says the market is too crazy to buy stocks.
Craig McMahon, APAC head of research at Wood Mackenzie, says OPEC won't cut production unless it gets all its members to agree which is unlikely.
One day short of the OPEC meeting, the main question from oil market watchers is: Will the cartel cut output and try to raise prices?
The organization of the petroleum exporting countries may not be in unison on the heels of a reported proposal by Saudi Arabia. CNBC’s Jackie DeAngelis reports the details.
Despite talk of output cuts, OPEC is unlikely to leave its meeting Friday with any agreement on production curbs.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.