Saudi Arabia expects the market to recover in 2016 even as the country continues to keep production high, reports the Financial Times.
Jim Cramer explained why the rocky history of black gold could make it more likely that it heads to $10 very soon.
Oil briefly rose above $30 per barrel in a short-covering relief rally, but crude has still not found a floor.
Oil prices are likely to sink further from the 12-year trough reached this week and the clue might be in futures contracts.
Jim Cramer thinks the real war on oil prices has officially been launched, and U.S. oil companies are the biggest loser of all.
Turki Al-Faisal, former director of Saudi Arabia's intelligence service, says Iran must remove its troops from the Arab world and discusses his country's future.
A look at where oil prices could go as the oil rich country gets set to pump up daily production, with Helima Croft of RBC Capital Markets.
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.