Oil prices inched higher on Monday, recovering from an 8% fall last week to more than three-week lows.
Oil prices slid on Wednesday after U.S. government data showed big builds in crude oil, gasoline and distillate inventories.
Oil prices climbed in early Asia trade on Monday, supported by tensions in the Middle East and Beijing's pledge to promote a consumption recovery.
Oil prices reversed earlier gains on Friday as indications of strong Russian oil supply offset better than expected U.S. economic growth data.
Helima Croft of RBC Capital Markets discusses the 2023 outlook for energy markets and how China's reopening might affect demand.
Herman Wang, managing editor at S&P Global Commodity Insights, discusses the decision from OPEC and non-OPEC producers to stick to its existing oil production policy.
Oil prices have fallen to roughly $87 a barrel from more than $120 in early June ahead of potentially disruptive sanctions on Russian oil
Helima Croft, head of global commodity strategy at RBC Capital Markets, joins CNBC's 'Squawk Box' to discuss the European Union's planned sanctions on Russian oil and her expectations for the forthcoming OPEC+ meeting.
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.
Dan Pickering of Pickering Energy Partners says, ahead of the weekend's OPEC+ meeting, that "there's not a lot of impetus right now" and "a lot of new news is coming."
OPEC and non-OPEC producers will convene in Vienna, Austria on Dec. 4 to decide on the next phase of production policy.
Saudi Arabia's decision to ally with Russia means it's time for the U.S. to take every available step it can to boost U.S. energy production.
Goldman made the call after a group of some of the world's most powerful of oil producers, decided to cut production in an effort to bolster prices.
Bill Perkins of Skylar Capital Management says "there seems to be a mini battle between [Strategic Petroleum Reserve] releases in the White House and what's going on with OPEC+," and adds that OPEC+ will "win that battle."
Dan Yergin of S&P Global says Washington also sees the decision by OPEC+ to reduce oil production by 2 million barrels per day from November as "somehow political, interfering in the U.S. election."
Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession.
Andy Critchlow, head of news for EMEA at S&P Global Commodity Insights, discusses the geopolitical mechanisms at play ahead of the OPEC+ meeting.
Bjarne Schieldrop, chief commodities analyst at SEB, discusses OPEC+ expectations ahead of the group’s face-to-face meeting later this week.
OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday.
