Business Saudi Arabia

  • Commodities Next Week: Traders don't think oil's bottomed

    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. Oil was up on the day but still stayed under $80. Gold jumped on the day after rumors of a favorable Swiss gold referendum.

  • Saudi oil minister: 'No price war'

    Speaking in Mexico on Wednesday, Saudi Oil Minister Ali al-Naimi knocked down talk of OPEC waging a 'price war' in the global oil market, and prices fell as a result. CNBC's Amanda Drury and Brian Sullivan report.

  • Saudi's trying to cripple US: Magnum Hunter CEO

    "The future of oil and gas in the U.S. is natural gas," says Gary Evans, Magnum Hunter Resources CEO, discussing what the low cost of shale means to the industry and U.S. economy.

  • Nigerian oil facility

    Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.

  • Oil punches keep coming

    Discussing if oil has bottomed and how the Saudi's plan to hold onto market share, with John Kilduff, Again Capital.

  • OPEC's oil outlook

    CNBC's Jackie DeAngeles reports the latest details on the world oil outlook from OPEC.

  • Mobern Lighting, manufacturing factory jobs workers

    Stocks could continue to tilt higher, as traders focus on U.S. jobless claims data and productivity and labor costs ahead of the Oct. jobs report.

  • Crude skids, gold loses luster

    Matt Smith, Schneider Electric, and Frank Holmes, U.S. Global Investors, weigh in on what's likely sinking crude oil prices as gold now reaches a four-year low. The heyday for gold is not over, says Holmes.

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

    Markets are psyched for a Republican victory in Congress that gives the GOP control of the Senate in addition to the House.

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

    Markets are psyched for a Republican victory in Congress that gives the GOP control of the Senate in addition to the House.

  • After Saudi's price cut, what will OPEC do?

    Alejandro Barbajosa, VP, Crude & LPG - Middle East & Asia-Pacific at Argus Media, says Saudi Arabia's recent pricing decisions could prompt "strong cohesive actions" from OPEC.

  • 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.