Greg Smith, Group CEO, Global Commodities, says forward oil prices are trading below spot prices because they haven't factored in tensions with Iran. He adds that the price could rise to $150 given the risks of conflict with Iran.
"Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.
Want to move the oil market these days? Fire off a headline about Iran, and, with the help of instant messaging, tweeting, blogging, and some old fashioning phone calling, you get a significant rally.
European Central Bank liquidity measures are spurring investment in the Middle East, the head of an Abu Dhabi-based foreign exchange and commodities trading firm told CNBC Wednesday.
Sen. John McCain, (R-AZ), makes the case for why the U.S. should lead an intervention to stop the slaughter in Syria now.
Europe's sovereign debt crisis has shown that no asset is 100 percent safe and may be positive for the Middle East, which is also benefiting from an increase in the price of oil, analysts told CNBC Wednesday.
"Abu Dhabi is a very stable and long-term orientated environment," Mahmood Ebraheem Al Mahmood, CEO of ADS Securities, told CNBC, speaking from Abu Dhabi.
Europe's crisis has shown that no asset is 100 percent sure and this may be positive for the Middle East, but challenges still remain for the region, David Riley head of sovereign ratings at Fitch Ratings and Philippa Malmgren president and founder at Principalis Asset Management, told CNBC.
Abu Dhabi wants to see 23 percent of its gross domestic product coming from foreign investment, Mohammed Omar Abdullah, undersecretary, Abu Dhabi Department of Economic Development, told CNBC. "Abu Dhabi is considered as an attractive destination for investment," he added.
New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
Daniel Yergin, CNBC energy analyst, discusses what's behind the rising price of oil, and problems with Iran.
Demography has rarely made it onto the political agenda. But that is changing. These days you see news items about China's one-child policy, or gendercide. And you hear a lot about the aging of populations in rich countries and the health and pensions problems this will bring.
Investing in the Philippines, Peru or Uganda may seem excessively risky for many investors. Not so, says HSBC Senior Economist Karen Ward.
The Asia region is expected to drive demand for oil over the course of the year, according to the latest International Energy Agency report.
The 13th International Energy Forum (IEF) kicks off on Tuesday in Kuwait City, bringing to the table energy ministers from 88 countries around the world representing some 90 percent of global supply and demand
ExxonMobil CEO Rex Tillerson and IHS CERA chairman Daniel Yergin discuss the roles of government and the private sector in energy development and creating a climate for investment in new technologies. From CERAWeek, the world's premier energy conference.
Major powers called on Iran to enter "serious dialogue" over its contested nuclear program "without pre-conditions", in a joint statement issued on Thursday following extensive deliberations in Vienna.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and what's driving oil. Today, concerns over Iran seemed to wane, which helped drive prices down.
Discussing some short term plans to reduce oil and gas prices, with T. Boone Pickens, BP Capital Management founder/CEO, who says the U.S. has the cheapest energy in the world.
A disruption of crude oil supply from Iran could push oil prices up by as much as $40 per barrel, according to Sabine Schels, Senior Director and Global Commodity Strategist at Bank of America Merrill Lynch Global Research.