John Kilduff

The disaster that OPEC was hoping to avoid looks unavoidable as players refuse to cut output, said John Kilduff, Partner at Again Capital. It is fairly clear that there may not be an output cut and how low oil prices can fall hereon.

See Brent around USD 35/bbl by Sep-Oct: Again Capital

US crude stockpiles rose by 2.5 million barrels to a total of 523.6 million barrels in the week through August 19 as refinery inputs decreased and gasoline production fell, according to the Energy Information Administration (EIA).

Oil will start rebounding, but just not now: Miswin Mahesh

Miswin Mahesh of Barclays says all negatives are already priced in, so this leg of volatility is just stretching of imagination for those who are shorting. In such a scenario it is very difficult to call a bottom, he adds

How ISIS attacks could affect Saudi oil production

Saudi Arabia has led OPEC in a policy of keeping oil production steady despite a global glut that has sent crude prices spiraling more than 60 percent since last year.

Why Fed minutes could be market mover

The minutes of the Fed's July meeting are expected to be released at 2 pm, and traders are hoping the Fed minutes will give new insight into Fed thinking on rate hikes that did not come out in the post-meeting statement.

OPEC just kicked oil into the $30s

West Texas Intermediate crude futures skidded through the year's lows and looked set to break into the USD 30s-per-barrel range after the Organization of the Petroleum Exporting Countries admitted to more pumping and China devalued its currency, sending ripples through global markets.

Plunge in natural gas prices is reshaping energy industry

Natural gas prices are falling near levels last seen in the 1990s, which could help spur the US to develop more uses for the fuel, including transportation.