Jan 23, 2015 at 09:12 | Source: Reuters
Abdullah died early on Friday and his brother Salman became king, the royal court in the world's top oil exporter and birthplace of Islam said in a statement carried by state television.
Jan 22, 2015 at 15:35 | Source: CNBC-TV18
On the sidelines of the World Economic Forum, CNBC-TV18s Menaka Doshi caught with Dev Sanyal, Executive VP Strategy & Regions, BP, to get his take on the sharp decline in the prices of crude in the past six months.
Jan 22, 2015 at 08:09 | Source: CNBC
Speaking at the World Economic Forum in Davos, Switzerland, Abdullah al-Badri, said it was hard to predict oil price movements given the ongoing fluctuations.
Jan 21, 2015 at 10:43 | Source: Reuters
Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to USD 25 a barrel without supportive OPEC action.
Jan 16, 2015 at 10:46 | Source: Reuters
Brent futures edged higher on Friday, holding above USD 48 a barrel on positive technical price momentum, although few analysts expect a strong rebound anytime soon as global output continues to outweigh demand.
Jan 16, 2015 at 08:34 | Source: Reuters
Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share against rival suppliers. The rout has put forecasts for the boom in US output in the spotlight.
Jan 14, 2015 at 10:24 | Source: PTI
Oil prices slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.
Jan 13, 2015 at 17:15 | Source: Reuters
OPEC will not cut its oil output to support prices but expects higher-cost producers to do so, the United Arab Emirates energy minister insisted on Tuesday as oil plunged near six-year lows.
Jan 09, 2015 at 09:13 | Source: Reuters
Brent and US crude futures both hit their lowest since 2009 this week and are down more than 50 percent from June, although they inched up on Friday after robust US economic data brightened the outlook for demand.
Jan 07, 2015 at 10:54 | Source: CNBC-TV18
Seth Kleinman, Head of Energy Strategy, Citigroup, said the surprise move by OPEC is one of the reasons for crude fall. Though he sees a slight pick-up in demand, he expects H1CY15 to be weaker than H2CY15 for the commodity.