The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country's influence over global oil markets is only going to get stronger. » Read More
By: Natasha Turak
OPEC has lost more than 20 percent of its share of global oil production since the 1970s. » Read More
By: Natasha Turak
The bank sees Brent crude at $70 a barrel in 2019, saying OPEC's cuts are "sufficient" to support prices. » Read More
Stock markets have been gripped with fear this week over a deteriorating economic growth outlook and questions regarding the U.S.-China trade truce. » Read More
Major oil producers have reached a preliminary deal to cut oil production and boost the market, following two days of grueling negotiations.
Saudi Arabia's energy minister has spoken of the possibility of OPEC oil producers and their non-OPEC partners not reaching a deal over whether to cut oil production this week.
It's no secret that Iran and Saudi Arabia are not the best of friends on the global geopolitical stage, but the arch-rivals have to share a space when OPEC meets.
OPEC has reportedly agreed to cut oil production, but the cartel is not releasing details of the deal until it reaches an agreement with allied producers including Russia.
Saad al-Kaabi told CNBC on Wednesday that leaving OPEC was a strategic decision.
Oil markets are deeply concerned about the power President Donald Trump has over some of the world's largest crude producers, energy analysts told CNBC on Wednesday, ahead of a much-anticipated meeting between OPEC and non-OPEC members.
Jim Cramer explains why Federal Reserve officials are doing more harm than good.
Jim Cramer sits down with Marathon Petroleum Corp. Chairman and CEO Gary Heminger to discuss the United States' place in global energy markets.
The country is the the oil cartel's second-largest producer.
Energy-related carbon emissions in North America, Europe and developed Asia-Pacific economies are rising as they consume more oil and natural gas, the International Energy Agency reports.
The risk of U.S. legal action against OPEC could prompt more members of the influential oil cartel to sever ties with the group, according to the head of energy markets research at Barclays.
The future of OPEC is on shaky ground, an analyst has told CNBC, after Qatar abruptly announced it would sever ties with the influential oil cartel after almost six decades.
Qatar announced plans to pull out of OPEC, just days before a crucial meeting between the influential oil cartel and its allies.
Crude is coming off its worst month in a decade this week. The days ahead could bring some relief, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.
The energy alliance between OPEC kingpin Saudi Arabia and non-OPEC heavyweight Russia faces its "toughest test yet" next week, analysts have told CNBC, ahead of a much-anticipated meeting between the influential oil cartel and its allies.
International energy executives have been clinching new contracts to develop the hydrocarbon-rich country's energy sector. But investors admit that lofty development goals continue to be hindered by corruption and a wall of bureaucracy.