Talks between major oil producers about freezing output shows how painful cheap oil is becoming, but it is not likely to bring an end to the world oil glut anytime soon.
Four big world oil producers opened the door to an output freeze, but Oil Price Information Service's Tom Kloza tells CNBC such a deal seems unlikely.
Qatar, Saudi Arabia, Russia and Venezuela would lead an effort to freeze output at January levels, but Iran had yet to be convinced.
Qatar, Saudi Arabia, Russia and Venezuela lead an effort to freeze output at January levels.
Two-thirds of international markets we looked at were down over the last two years, but not all markets have the same impact.
Markets are bracing themselves for the prospect of a calamitous debt default in Venezuela, which may be worse than Argentina's 2001 crisis.
Officials say a person who hadn't traveled got the Zika virus after having sexual contact with someone who'd been to Venezuela. NBCNews reports.
Saudi Arabia wants to cooperate with other oil producers to support the market, Al Arabiya reported, citing an unnamed Saudi source.
Jim Cramer thinks the real war on oil prices has officially been launched, and U.S. oil companies are the biggest loser of all.
John Kingston, president and director of global market insights at McGraw Hill Financial Global Institute, says about 600,000 barrels a day will be cut, mostly by U.S. and Canadian producers.
An end to sanctions on Iran has driven crude futures to new lows and brought sub-$20 oil in sight, though for some that is already a painful reality.
Markets are pricing in an economic collapse in emerging markets and that's a buying opportunity, Templeton Global Macro's CIO Michael Hasenstab told CNBC.
If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.
The blend of macro forces driving commodities lower makes it unlikely the sector will recover for months to come.
Employees in Venezuela will likely see their real wages cut amid high inflation and falling commodity prices.
The opposition Democratic Unity coalition wins the legislature for the first time in 16 years.
Venezuela has voted in a new government: its opposition alliance. Diego Moya Ocampos, senior Latin America analyst at IHS, discusses.
Venezuelans will head to the polls this Sunday and, for the first time in 16 years, the opposition is the clear favorite to win.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
Representatives from countries around the world gather in Paris this week to set carbon emissions targets they hope will reduce climate change.