Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
While it's tough to bet which direction oil prices may swing, Tellurian Chairman Charif Souki said Thursday that the Permian Basin in Texas and New Mexico is the key influence on the market.
"What I'm thinking now is that the Permian Basin has become the swing producer in the world and, therefore, what happens in America matters more than what happens at OPEC," he said in a sit down interview with CNBC's Jim Cramer on "Mad Money."
OPEC on Thursday, Reuters reported, predicted that demand for crude would fall in 2020, which caused oil prices to cool. Brent crude, a benchmark price for oil, futures fell 39 cents to $66.61 a barrel and U.S. West Texas Intermediate crude futures slipped 23 cents to $60.20 a barrel.
Cheap gas prices, Souki said, would boost demand for oil and Tellurian, which deals in natural gas transportation infrastructure, isn't worried about increasing competition. Citing Pioneer Natural Resources CEO Scott Sheffield's recent appearance on "Mad Money," Souki recalled that oil production in the Permian was increasing from 4 million barrels a day to 8 million barrels a day.
He said he isn't worried about losing customers in Europe.
"I'm concerned about stopping flaring in the Permian Basin, get the gas on the water and put it on ships — and you can be on the water for less than $2 — and so there is no competition for us out there," Souki said. "We just have to build the infrastructure."
In building that infrastructure, Souki pointed out that Tellurian landed a $500 million investment from French oil and gas company Total. The funds will go towards Tellurian's $28 billion Driftwood Project, which includes development of a new liquefied natural gas export terminal in Louisiana and a pipeline network.
Shares of Tellurian closed Thursday's session up more than 4%.