Oil Prices

Prices could reach $90 a barrel.

President Nicolas Maduro said the move will "stabilize and change the country's monetary life in a radical way."

The U.S. is legally "obliged to stop these international breaches and compensate for all the damage inflicted," Iran says.

"You impose sanctions on major producers ... and yet you are asking them to reduce the prices?"

Oil and gas prices are likely to surge if President Donald Trump takes the U.S. out of a 2015 nuclear agreement with Iran.

The arrangement with Moscow could last two decades, according to Saudi Arabia's crown prince.

OPEC members have agreed to cut output by 1.2 million barrels per day for the first half of 2017.

Iraqi politicians and energy executives will be in London this week to attend the CWC Iraq Petroleum conference.

Elevation of Khalid al-Falih seen as message that Saudi Arabia is moving forward with plans to be less reliant on oil profits.

Brent crude oil appears to continue rising through what has been a volatile week for the industry.

The government will also sell off state assets to fund the billions in damages.

Saudi Arabia blamed for scuttling deal amid concerns about Iran's production.

Alexander Novak believes oil's recovery will continue.

For every $70 plunge in a barrel of oil, there's an estimated 1 percent increase in global economic growth.

Russia has made similar claims about Turkey, which both Ankara and the U.S. have denied.

Oil prices have slid more than 25 percent so far this year

Low oil prices are terrible news for countries that have built their budgets on oil exports.

The organization has further cut its growth forecast for Russia.

At $30 a barrel, shale oil is no longer profitable, causing cutbacks in the U.S. oil and gas industry.

This is the second time this week that shares have fallen, amid growing investor concern for China.

How long can Riyadh endure the financial strain, and how long can the current Saudi leadership maintain stability?

The last time energy was this cheap, Eisenhower was president.

"Calling it a market disaster is not an overstatement," one analyst said.

Arab oil ministers meeting in Vienna on June 5 must confront the devastating consequences of the war in their midst.

"The inventory levels are actually getting scary," a commodity strategist says.

"We are ready to bear witness to whom we are and what we do according to the words of Christ."

"Geopolitical risk is not something to write off," analyst says as price nears $62 a barrel.

Oil prices remain roughly 50% below their peak from the middle of last year.

What to do about the price hike and who is to blame is dividing Iran's leadership.

It may seem counterintuitive, but it's true.