Amrita Sen, chief oil analyst at Energy Aspects, says oil capacity in countries like Libya and Iraq has been permanently damaged.
U.S. oil prices closed mildly lower as the market processed a mixed report from the IEA.
Bill Gates shares his view on tensions between the U.S. and the Gulf states and the difficulty of moving away from oil dependency.
Bill Gates, founder of The Gates Foundation, says his foundation is careful about the money it receives to avoid corruption.
U.S. crude production fell under the 9 million barrel a day threshold last week, a welcome development for oil producers heading to Doha this weekend.
Producing nations risk an oil bust if they don't reach a freeze agreement of some sort when they meet in Doha, Qatar, this weekend.
Saudi Arabia's oil minister Ali al-Naimi dismisses a possible reduction in the country's crude output.
Traders seemed to have convinced themselves that there will be a deal out of the OPEC meeting in Doha.
Oil experts Helima Croft, RBC Capital Markets, and John Kilduff, Again Capital, discuss the next move in oil. Oil hit 2016 highs after news Russia and Saudi Arabia have agreed to freeze output.
Ratings agency Fitch has downgraded Saudi Arabia and kept its outlook on the country as negative as the oil price continues to take its toll.
Miswin Mahesh, oil analyst at Barclays, shares his view on whether or not OPEC members will freeze or cut production at this weekend's meeting.
Saudi Arabia's 30-year-old deputy crown prince may have already tanked any hope of an oil deal.
OPEC is meeting in Doha on Sunday. That's why prices are about to drop, again, says John Kilduff.
Aramco, the world's largest oil company, will soon become the world's largest public investment fund. What it means.
All signs suggest a meeting on April 17 will deliver an agreement to freeze output, Kuwait's OPEC governor and two sources said
Saudi Arabia is trying to keep its economic torch lit as oil continues to drop.
A new report from Mauldin Economics flags Saudi Arabia could have 3-5 years of reserves and borrowing available at 30 dollar oil. John Mauldin, Mauldin economics, provides perspective.
John Browne, L1 Energy Executive Chairman and former BP CEO, and Helima Croft, Global Head of Commodity Strategy, RBC Capital Markets discuss the future of the oil market.
CNBC's Jackie DeAngelis reports oil prices dropping on Iran planning to increase output to pre-sanction levels and the Saudis saying they won't freeze unless Iran does.
Oil prices fell, with WTI closing at a one-month low as investors doubted that producers will freeze output.