Karen Kostanian, head of EEMEA oil and gas research at Bank of America Global Research, discusses OPEC+ and the oil market.
OPEC and non-OPEC allies, sometimes referred to as OPEC+, were originally scheduled to review their production cuts on June 9-10.
Herman Wang from S&P Global Platts goes through what to expect from OPEC's upcoming meeting, and what's next for oil prices.
Demand for oil has fallen to unprecedented levels, resulting in oil prices turning negative for the first time in history. From the price war between Saudi Arabia and Russia to the pandemic, CNBC's Nessa Anwar explores what this might mean for the commodity in the long-term.
In April, OPEC+ agreed to cut oil production by a record 9.7 million barrels per day (b/d), approximately 10% of global output.
"Sovereign wealth funds have multiple objectives, but one of them is that they are rainy day funds, and this is a rainy day," Nomura's Tarek Fadlallah told CNBC.
Alan Gelder, vice president of refining, chemicals and oil markets at Wood Mackenzie, discusses OPEC's strategy as oil markets remain volatile.
Tarek Fadlallah, Middle East CEO of Nomura Asset Management, outlines how the Gulf region can weather the economic storm from the coronavirus by leaning on their "rainy day" sovereign wealth funds.
Efforts to minimize and limit the deterioration of balance sheets across the Middle East will raise questions about currency pegs in the region, but Jan Friederich of Fitch Ratings says he believes these will remain sustainable for now.
It looks like Saudi Arabia is trying to give "a shot of adrenaline" to the oil market to get prices higher, says Helima Croft, RBC Capital Markets' managing director and global head of commodity strategy.
Majed Kabbara, founder and managing director of Quencia Capital, discusses Saudi Aramco's earnings report.
"The Covid-19 crisis is unlike anything the world has experienced in recent history and we are adapting to a highly complex and rapidly changing business environment," Aramco President and CEO Amin Nasser said.
When it comes to Saudi Aramco's dividend payout to the government, there is a continuous "push and pull" between how much Saudi Arabia needs and how to ensure the company is still seen as valuable and attractive to investors, says Ellen Wald, president of Transversal Consulting.
Neil Beveridge of Bernstein discusses Saudi Aramco ahead of the company's Q1 results, amid Saudi Arabia cutting production further and the current rout in oil.
The kingdom will triple VAT from 5% to 15% in July, suspend its cost of living allowance for public sector workers, and cut and delay projects part of Vision 2030.
Saudi Arabia said it will cut production further in an effort to support global oil markets.
Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC.
The coronavirus outbreak in the Middle East is likely to remain under control despite the easing of restrictions in recent weeks, as long as strict social distancing continues to be enforced, experts told CNBC.
Oil prices reversed gains to settle lower on Thursday, despite optimism surrounding producers scaling back production as well as demand improving.
John Kilduff, founding partner with Again Capital, joins "Squawk Box" to discuss the energy markets as oil prices rebound, creating opportunities and challenges for investors.
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