An oil price of between $60 and $70 per barrel is both a "sweet spot" and "pain threshold" for rival oil producers in the U.S. and OPEC according to the head of EMEA Oil & Gas Research at JPMorgan. Source: CNBC RSS...
OPEC and its allies will not make a decision to extend production cuts in April, giving the group more time to assess the oil market. Source: CNBC RSS...
In a CNBC exclusive, Russian billionaire Oleg Deripaska sits down with CNBC's Geoff Cutmore to discuss his lawsuit against the United State government. Deripaska, who has strong ties to President Vladimir Putin, claims that the sanctions imposed by the United States back in April 2018...
Christyan Malek, head of EMEA oil and gas research at J.P. Morgan, discusses OPEC, U.S. oil production, and oil prices. Source: CNBC RSS...
If the increase in oil price takes place, it will be 'short-lived', says John Driscoll, chief strategist at JTD Energy Services. Source: CNBC RSS...
Oil prices slipped on Monday, as concerns that a global economic downturn may dent fuel consumption weighed. Crude markets, however, remained broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. Source: CNBC RSS...
Russian tycoon Oleg Deripaska launched a lawsuit against the U.S. Treasury department over sanctions placed on him in 2018. He says American action against him took him by "full surprise," and the legal system is his "last resort" for the facts to be assessed. Source: CNBC...
Russian billionaire Oleg Deripaska said on Sunday he would fight the U.S. government in court for "weaponizing the financial system" against him. Source: CNBC RSS...
Russian Energy Minister Alexander Novak told CNBC that Moscow will be fully compliant with OPEC-led supply cuts over the coming weeks. Source: CNBC RSS...
Churning out an astounding 1,900 horsepower, Ferrari's Pininfarina Battista is one of the most powerful automobiles ever produced. It also happens to be all electric, one of a score of battery-based vehicles debuting at this week's Geneva Motor Show. Source: CNBC RSS...