An oil price of between $60 and $70 per barrel is both a "sweet spot" and "pain threshold" for rival oil producers in the U.S. and OPEC according to the head of EMEA Oil & Gas Research at JPMorgan.
OPEC and its allies will not make a decision to extend production cuts in April, giving the group more time to assess the oil market.
In a CNBC exclusive, Russian billionaire Oleg Deripaska sits down with CNBC's Geoff Cutmore to discuss his lawsuit against the United State government. Deripaska, who has strong ties to President Vladimir Putin, claims that the sanctions imposed by the United States back in April 2018 have led to at least $7.5 billion in material loss for him, forcing him to lower his ownership in two companies.
Christyan Malek, head of EMEA oil and gas research at J.P. Morgan, discusses OPEC, U.S. oil production, and oil prices.
If the increase in oil price takes place, it will be 'short-lived', says John Driscoll, chief strategist at JTD Energy Services.
Oil draws support from the prospect of prolonged OPEC-led oil supply curbs, though concern about an economic downturn caps gains.
Russian tycoon Oleg Deripaska launched a lawsuit against the U.S. Treasury department over sanctions placed on him in 2018. He says American action against him took him by "full surprise," and the legal system is his "last resort" for the facts to be assessed.
Russian billionaire Oleg Deripaska said on Sunday he would fight the U.S. government in court for "weaponizing the financial system" against him.
Russian Energy Minister Alexander Novak told CNBC that Moscow will be fully compliant with OPEC-led supply cuts over the coming weeks.
Churning out an astounding 1,900 horsepower, Ferrari's Pininfarina Battista is one of the most powerful automobiles ever produced. It also happens to be all electric, one of a score of battery-based vehicles debuting at this week's Geneva Motor Show.
Texas Republican Sen. John Cornyn calls New York Rep. Alexandria Ocasio-Cortez's Green New Deal a 'solution in search of a problem' at the CERAWeek energy conference in Houston.
Government officials and executives from the U.S. and Europe square off in tense debates over the Nord Stream 2 pipeline at a major energy conference.
Goldman Sachs sees global oil demand growing by nearly 2 million barrels per day in the first quarter.
A nationwide power failure in crisis-stricken Venezuela could trigger "serious disruption" to the oil market, the IEA warned on Friday.
Peter Vanacker of Neste says there is a "huge amount" of potential growth for renewable diesel because of interest in using it in the aviation industry.
U.S. crude futures briefly hit a 2019 high on Friday but later retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices.
Oil companies drilling in shale basins like the Bakken have cut back on spending to increase return to shareholders as oil prices are pressured, but investors are punishing the stocks anyway, since it is leading to lower production-growth forecasts.
Amazon thinks that volatile price swings in the boom-and-bust oil business are a perfect match for its web services cloud computing division.
Tesla dives into one of the hottest auto segments with the long-awaited debut of its Model Y crossover utility Thursday night.
GE shares rose in trading as CEO Larry Culp gave investors an upbeat long term outlook on the company's struggling power business.