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Press Releases

November's OPEC meeting is live but don't bet on a big $50-plus breakout

Kicking a production freeze deal down the road was probably the best oil bulls could hope, strategists told CNBC.


Ball in Iran's court at Algiers oil producer meeting

CNBC's Hadley Gamble discusses the latest lines to come out of this week's oil producer meeting in Algiers.


OPEC members struggle to reach any agreement in Algiers

CNBC's Hadley Gamble reports from Algiers on the prospects of a supply deal and speaks to Nigeria's oil minister Emmanuel Ibe Kachikwu.


Film based on 2010 oil rig explosion set for release

Peter Berg, director of new film Deepwater Horizon, explains the hardest part about making his new film.


An OPEC deal will not hold for very long: CEO

Jim McCaughan, CEO of Principal Global Investors, says there is downward pressure on oil prices as any OPEC deal is likely to fall apart.


Saudi Arabia-Iran rivalry the stumbling block for an oil deal, analysts say

Longstanding tensions between rivals Saudi Arabia and Iran will hold OPEC back from an oil production freeze as the oil group meets in Algeria, analysts said.


OPEC is shooting itself in the foot, oil expert says

The OPEC meeting in Algeria may not have resulted in a resolution as of Tuesday, but at least one person is optimistic.


Oil slump means energy producers must get competitive, WEF says

The slump in energy prices means oil-producing countries face a “clear need” to diversify their economies and improve competitiveness, WEF says.


Crude oil pares losses after API inventory data

Kent Moors, Energy Capital Research Group, shares his forecast on oil following the API oil inventory data release of its unexpected drawdown.


Rice Energy shares slide more than 7% on Vantage Energy deal

Rice Energy shares slid by more than 7 percent on morning trade Tuesday after the oil and gas producer announced it will buy Vantage Energy for about $2.7 billion, including debt.