Dan Pickering of Pickering Energy Partners says Russia will probably become "less relevant" to OPEC+ as Europe and the rest of the world sanction it.
Sushant Gupta of the consulting firm discusses the outlook for the oil market.
The CEO of Ukrainian state energy giant Naftogaz says OPEC is on the wrong side of history in choosing to stick with Russia to stabilize energy markets.
CNBC's Brian Sullivan joins 'Squawk Box' to report how oil buyers could band together in an effort to pressure OPEC to produce more oil.
Bob McNally of Rapidan Energy Group says OPEC+ believes the best thing it can do now is to stick with its agreed plan to keep raising oil production by 432,000 barrels a day.
Oil producer group OPEC+ on Thursday agreed to rubber-stamp another small production increase for June.
The meeting comes more than a month after Russia launched its invasion of Ukraine.
Bob McNally of Rapidan Energy Group discusses the oil market in the wake of the Ukraine war and says the last thing that Saudi Arabia and the UAE would want to do is "rock the boat" and "stress the unity of the system."
Richard Gorry of JBC Energy Asia discusses the question of oil production in the wake of the Russia-Ukraine war.
Paul Sankey of Sankey Research says OPEC is "legally bound" to agree with Russia and discusses the implications of a coordinated release of emergency oil reserves.
Oil prices hit $112 a barrel as war in Ukraine pressures the global oil supply. The Biden administration and International Energy Agency announced the release of 90 millions barrels of reserves to combat supply constraints.
CNBC's Brian Sullivan joins 'Squawk Box' to report that OPEC and oil-producing allies decided to hold production steady at their scheduled meeting Wednesday.
It comes as crude prices rally to multi-year highs on supply disruption fears and Russia's intensifying war with Ukraine.
Money is pouring into investments in oil-related stocks, and international oil companies are raking in record profits.
Heng Koon How of the bank discusses crude oil prices and weighs in on the differences between the inflation expectations of the United States and Europe.
Jeff Currie, Goldman Sachs head of commodity research, joins CNBC's 'Squawk Box' to explain what's behind the increase in oil prices, which hit a seven-year high on Tuesday.
Stephen Richardson, Evercore ISI head of oil and gas exploration and production research, joins CNBC's 'Squawk Box' to discuss oil's hot start to 2022.
Oil prices climbed more than 50% last year, with energy investors optimistic that the highly infectious omicron variant may be less severe than feared.
Helima Croft of RBC Capital Markets discusses how oil and gas demand might be affected by whether Russia will "play the energy card" in Europe if the country is hit by serious economic sanctions.
The omicron variant's impact is projected to be "mild and short-lived," OPEC's latest monthly report said.
