Business Saudi Arabia


  • Tracking Saudi Arabia's US price cut

    Richard Yetsenga, Head of Global Markets Research at ANZ, discusses the rationale behind Saudi Arabia's surprise move in cutting oil prices for U.S. customers.

  • Saudi incentive: Theories for oil cut

    Neal Dingmann, SunTrust Robinson Humphrey energy analyst, and CNBC's Michelle Caruso-Cabrera, discuss the motivation behind Saudi Arabia cutting oil prices in the U.S.

  • Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    Countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit.

  • Saudi's see $90 oil when I resemble Brad Pitt: Petrowski

    Discussing Saudi oil production and where oil will bottom out, with former Gulf Oil CEO Joe Petrowski.

  • Saudi Arabia's oil fight

    After Saudi Arabia decided to alter oil prices to U.S. buyers, Richard Hastings, Global Hunter Securities, says the price cut suggests they are fighting for market share in the U.S.

  • Saudis cut crude prices, oil hits 4-year low

    Stephen Schork, The Schork Report editor, shares his thought on how low oil prices can go after Saudi Arabia cut oil prices in an effort to fight for market share.

  • Drilling in the Bakken shale formation outside Watford City, N.D.

    West Texas Intermediate bounced back and forth between positive and negative territory just around the $80 level for most of the session.

  • Oil: Intense selling at close

    As crude continues to slide, CNBC's Jackie DeAngelis, explains how Saudi supply concerns sent oil markets lower.

  • Workers make a pipe connection on the Orion Perseus drilling rig, Webb County, Texas.

    OPEC is losing its price-setting influence on global oil prices to U.S. shale production, according to Goldman Sachs analysts.

  • Cramer's Stop Trading: Oil controls

    CNBC's Jim Cramer explains why he is watching the price in oil, and the impact to the action in equities.

  • Oil prices falling on weak market: Pro

    Stephen Schork, "The Schork Report" editor says oil prices may be approaching a bottom of the market.

  • The Aramco oil refinery in Dahran, Saudi Arabia.

    Oil prices are falling, but Saudi Arabia has indicated that it's willing to put up with cheaper crude oil for now.

  • Short term long term signs

    Jim Cramer weighs the benefits of taking a long-term perspective on the market, versus the gains lost in the current market environment

  • Oil pump jack

    The market is playing a game to see how low oil can go. Cramer thinks there's no need to speculate on oil bottom yet.

  • Oil market crush

    Discussing what's behind the decline in oil, with Andy Lipow, Lipow Oil Associates. Lipow expects WTI to fall below $80 a barrel.

  • Oil prices should stay at their currently low levels, or drop further, due to a "perfect storm" of risk factors.

  • gas prices oil

    Saudi Arabia is telling oil market participants that it's fine with lower oil prices for an extended period.

  • T. Boone Pickens

    With oil plunging to multiyear lows, oil and gas entrepreneur T. Boone Pickens said now is not the time to panic.

  • Oil price war coming?

    Discussing the economic environment for oil prices, and Saudi Arabia's position in the industry, with John Kilduff, founding partner at Again Capital.

  • Commodities Next Week: Brent in bear market territory

    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. The oversupply of oil continues to drive down prices.