CNBC: The Exchange
5/2/2024 5:10pm
... to co-lewllude with opec which increases prices at the pump for americans. the ftc officially gave the green light on that merger this morning, but as part of that, exxon agreed that scott ...
CNBC: Squawk on the Street
5/2/2024 1:42pm
... of directors of exxon will no longer include mr. sheffield as a director that's a deal they reached with the ftc in which the ftc at least alleged that the pioneer ceo tried to collude with opec on oil prices. now, that, you know, so, the ftc ...
CNBC: Squawk on the Street
5/2/2024 1:40pm
... jim, commodities, worst back-to-back days of the year. cocoa, we know, is broken. we got oil still below $80, and with that, the requisite headlines about opec potentially extending voluntary cuts i think that when we talk ...
CNBC: Worldwide Exchange
5/2/2024 9:23am
... how many cities china is building with the industrial output from there. brazil has done a good job of diversifying it will be the fourth largest producer of energy in the world. right up with the bigger opec ...
CNBC: Street Signs
4/29/2024 8:54am
... we are taking an optimistic approach that was the secretary-general there. we have seen high oil prices coming down from the recent highs with the peak of tensions from israel and iran opec is monitoring this ahead of the june meeting where we could ...
CNBC: Street Signs
4/29/2024 8:53am
... monitoring these elements and factors. from the supply perspective, we have growing psupplies from non-opec producers w ...
CNBC: Street Signs
4/29/2024 8:51am
... investors are watching the headlines for the potential cease-fire because of the geopolitical risk here across asset classes. i had a chance to speak with the opec secretary-general i asked how closely they are ...
CNBC: Fast Money Halftime Report
4/19/2024 4:08pm
... themes names on oil, the free cash flow will be generated at a higher pace than expected. i should be, pending unexpected circumstances, be at that opec meeting, over the weekend, again it is so critical. ...
CNBC: Worldwide Exchange
4/19/2024 9:06am
... attack shipping vessels there. that could be a catalyst for aina leg higher in oil. frank, opec has ample spare capacity to act if necessary they could potentially unwind production cuts at more ply to ...
CNBC: Street Signs
4/19/2024 8:55am
... states that is powering the general price direction we have for oil away from the geopolitical events it is true that non-opec supply is added to the market that makes opec and opec plus ...
CNBC: Fast Money Halftime Report
4/17/2024 4:05pm
... i think energy, obviously we've seen the performance year to date, up 13% year to date, and opec, which has committed to supply cuts through june, so there is pricing power there and there's continued pressure on prices, so i like the commodity ...
CNBC: The Exchange
4/16/2024 5:15pm
... towards oil producers, but also there's clearly a question of our relationships with saudi arabia, with opec being more willing to help a different administration out if production ...
CNBC: Squawk Box
4/16/2024 11:09am
... lot of wonky things going on, and some think opec plus can cap the lid on crude going higher, and there are could be concerns about issuance. can you talk to us about how you ...
CNBC: The Exchange
4/15/2024 5:38pm
... oil? there is one way to do that which would probably go to opec maybe to the saudis who have 2 million barrels alone in spare capacity and try to get them to add more oil to the market. ...
CNBC: Squawk Box
4/15/2024 10:54am
... their production cuts and opec plus keeps their production cuts, there's a lot of things that happened in august, the highest demand month of the year that could really send prices ballistically high. you're not worried about an ...
CNBC: Worldwide Exchange
4/15/2024 9:47am
... opec plus has 5 million barrels plus of spare capacity it can bring back if needed to offset a price spike. my thoughts are they are likely to bring that back in the event that crude gets toward $100 a ...
CNBC: Worldwide Exchange
4/15/2024 9:47am
... in response. i think there are two answers to the question. the first is we have a tremendous amount of spare capacity from opec and opec plus sitting on the sidelines which is providing an exceptional buffer to the upside risk. ...
CNBC: Worldwide Exchange
4/15/2024 9:10am
... energy suppliers in a portfolio we might otherwise because of the security risk. we are seeing production come down across opec and security risks across the east. you know, broadly speaking, we ...
CNBC: Street Signs
4/15/2024 8:56am
... and oil off the market and it is also a u.s. election year. they will try to get prices down with a summer spr release. opec has a lot of spare capacity. at the end of the day, it is ...
CNBC: Street Signs
4/15/2024 8:54am
... opec is doing a good job of keeping it tight. especially when you don't have a lot of inventory. that is what i want to asstress. we are low on stock. ...
CNBC: Street Signs
4/15/2024 8:54am
... opec will add at $90 per barrel. i have seen speculation if we see oil prices hitting the $100 barrel mark. ...
CNBC: Street Signs
4/12/2024 8:07am
... second half of the year. in 2025, we are seeing non-opec supply growth exceeding ex expectations for demand growth. there may be some pressure on opec to balance the market once again. it is important to note that we have seen oil prices rise ...
CNBC: Street Signs
4/12/2024 8:06am
... moving forward, we're seeing that we don't know what opec plus will do. for now, they have will keep the cuts in place until june and through the second quarter. we suggest they have room to increase production into the ...
CNBC: Street Signs
4/12/2024 8:06am
... seeing share gains with non-opec plus? we see that decline over the past years with the group which has reduced oil production by 2 million barrels a day since the end of 2022 and the non-opec ...
CNBC: Street Signs
4/12/2024 8:06am
... supply gains leading the opec plus supply. you put a caveat there only if the curbs stay in place. would those stay in place longer given i captn't see opec plus ...
CNBC: Street Signs
4/12/2024 8:05am
... non-opec plus is exceeding oil he demand expectations. the geopolitical risk factors are impacting oil prices at the moment. i'll pick up on what you are saying about the non-opec plus ...
CNBC: Street Signs
4/12/2024 8:05am
... we are looking on the supply side and as you noted, we are seeing the non-opec plus group producers driving growth for the third year running led by the united states. for now, the growth from ...
CNBC: Street Signs
4/12/2024 8:02am
... the previous forecast. the united states driving the growth with supply changing the forecast there and increasing it significantly by 770000 barrels be per day now. they say non-opec plus ...
CNBC: Street Signs
4/11/2024 8:08am
... a bit stronger than what we initially anticipated. we also think that this will be limited on that impact. opec should have spare capacity. you put a lift on the energy ...
CNBC: Squawk Box
4/10/2024 11:49am
... not a lot of spare capacity and even in oil, it is isolated in places like opec. and then you put that in the context of, you know, evidence of supply disruptions in oil. floods in russia, mexican production, fields on fire, opec ...
CNBC: Worldwide Exchange
4/9/2024 9:03am
... morgan stanley and bangk of america and ubs at $95 a barrel there. remember there are escalating tensions from the middle east with the oil production cuts out of opec. you have the easing concern of ...
CNBC: Street Signs
4/9/2024 8:38am
... opec plus. so much so, russia is planning to extend their cuts further which could send the rises higher. easing of the u.s. production is playing into wti. you see an increase in the trading picture above $90 for ...
CNBC: Mad Money
4/5/2024 10:15pm
... again. than opec has done for them a good job in extending their cuts out, at least right now, uncle jim. and, in ukraine, you have got ...
CNBC: Squawk on the Street
4/5/2024 1:37pm
... the spr belongs back in the conversation, if you can jawbone producers or opec instead if summer ends up being difficult. i just want to know why -- we know that -- we know that the ...
CNBC: Squawk on the Street
4/5/2024 1:35pm
... but it would be reflected as oil going down. and if oil went down, i think it would be -- that would make people feel like, wait a second, we're overdoing worry. i know that opec plus has been ...
CNBC: Worldwide Exchange
4/5/2024 9:13am
... production growth is slowing and opec plus wants to maintain balance in the market. they are not in the rush to bring barrels back. we are not expecting prices to rally or sustain above $100 which is what some people are ...
CNBC: Worldwide Exchange
4/5/2024 9:13am
... $100 oil prices. we have had u.s. shale which is a part of the geopolitical risks which fade quickly and now opec plus has a lot of spare capacity as well. having said that, u.s. ...
CNBC: Fast Money
4/4/2024 9:14pm
... believe opec can and cannot do in terms of controlling supply, you believe the companies are in a good spot, and the biggest oil companies of the last three years have been paying down debt and putting themselves in a defensive position in terms of their dividends. meta eeking out a gain ...
CNBC: Squawk on the Street
4/3/2024 2:52pm
... finally, in light of all of this, is china demand material or not? china demand has held up better than expected. i think that's part of the reason when we think about why opec isn't putting barrels on the market now, they want to see where demand shakes out. ...
CNBC: Squawk on the Street
4/3/2024 2:49pm
... like? does is spr join? it's an issue for the biden administration in the summer. we had the opec meeting today, the june 3 meeting is going to be when opec basically makes a ...
CNBC: Squawk Box
4/3/2024 12:10pm
... optimistic on demands and the market is recognizing that opec cuts, they do work. we got to use, you know an hour ago, news opec will go to second quarter. higher oil prices combined with higher manufacturing ...
CNBC: Power Lunch
4/2/2024 6:06pm
... today on russia's third largest refinery. this comes as opec and its allies continue to keep a lid on supply while demand has remained steady. the climb in oil is also lifting energy stocks with the sector pacing for a record close for the first time in a decade. ...
CNBC: The Exchange
4/2/2024 5:25pm
... when opec is close to 5 million barrels a day. could that happen medium term if the investment falters and demand doesn't come down because we don't shift away from internal combustion engines? potentially. but i think they're starting to ...
CNBC: The Exchange
4/2/2024 5:22pm
... we called it before between oil and money. we see oil prices fighting the fed once again. we'll see. it's been an interesting battle between opec and the fed. we just spoke at the ...
CNBC: Squawk Box
4/2/2024 11:05am
... roller coaster ride. exactly. can we say what was taking place at the time? you go back to 1975, so right after the 48% bear market triggered by opec, and 1987 was ...
CNBC: Worldwide Exchange
4/1/2024 9:18am
... that is what i could look to here. back to the opec barrels. what about saudi arabia? you cited a report that saudi arabia plans to spend $40 billion on a.i. this year. does that influence the oil ...
CNBC: Worldwide Exchange
4/1/2024 9:17am
... the cuts they announced will be rolled over to june. the june meeting is very important for the biden administration. again, if you don't get more opec barrels, you have ongoing attacks on russian energy infrastructure and then what happens with the spr? ...
CNBC: Worldwide Exchange
4/1/2024 9:17am
... i expect they will put pressure on saudi arabia to increase production. if they don't get significant additional supply from saudi and opec, do they have to go back to the spr? the meeting is coming up this week. ...
CNBC: Worldwide Exchange
4/1/2024 9:17am
... down. summer driving season is coming up. that is important for the white house. over the summer with questions of what levers they have to pull. there will be a june opec meeting this week. ...
CNBC: Worldwide Exchange
4/1/2024 9:16am
... terminals or pipelines. that would be a game changer. that is what the white house is concerned about. does ukraine say everything's on the table when it comes to oil at a time where we have the opec cuts in place and u.s. production is not expected to grow like it did last year. ...
CNBC: Worldwide Exchange
4/1/2024 9:14am
... and looking at oil with the recent gains amid the tighter supply from the opec production cuts and attacks on russian ref refineries. wti and brent crude is finishing higher in march. u.s. gas prices are rising with ...
CNBC: Squawk on the Street
3/28/2024 2:55pm
... exceed supply at some point. it's always harder with a six-month view you have a 19 variable problem with strategic reserves and opec and venezuela and china -- there are all kinds of variables that are impossible for me to figure out with a six-month view. ...
CNBC: Mad Money
3/26/2024 10:22pm
... time, if they are growing at 8% like in india, there still using coal and they must use coal because they don't want to be dependent on opec. they are growing their economy with more and more investments in energy, with decarbonization. ...
CNBC: Closing Bell
3/19/2024 7:55pm
... extremely pessimistic and now -- in the long energy sector. i think we are close to the end of this move. again, like i have been aying, saudi opec oil sits on the top of the market up with a soft cap on 90 bucks per barrel. ...
CNBC: Squawk on the Street
3/18/2024 2:18pm
... oil at 80 bucks. we always focus on supply, supply, supply, how much is opec pumping, exxon pumping, the u.s. pumping. are we underestimating demand? the other day the iea, which had ...
CNBC: The Exchange
3/13/2024 5:20pm
... are you surprised that opec is chiming in on this issue? not surprised. it's striking to see that the gap between opec and the international energy agency on their estimates of demand growth, and i think obviously it ...
CNBC: The Exchange
3/13/2024 5:20pm
... about a world without opec and energy security, and they're even talking about the energy transition. but of course, they're opec, so they will be more bullish than most, probably than all, on oil and gas down the line. ...
CNBC: The Exchange
3/13/2024 5:19pm
... because of what inflation, what supply chain disruptions have done. and it's a big issue, a very big issue for the developing world, as well as the developed world. yeah, you know, opec chiming in on it today, as well, talking ...
CNBC: The Exchange
3/13/2024 5:18pm
... elsewhere, opec weighing in on climate policy today, saying 'a strong focus on oil security will be critical throughout the clean energy transition.' something your next guest has been very vocal about, and says that security has already returned. ...
CNBC: Squawk Box
3/7/2024 11:31am
... eastern time today. becky. andrew, thank you. joining us right now at the business round table in washington, d.c. to talk about the consolidation in the energy industry and moves from opec and disclosure rule from the sec ...
CNBC: Mad Money
3/6/2024 11:31pm
... . i'm always worried about spills, too. this is going to change. we basically going to be large exporter just like the great exporter say opec plus except for its our crude. enough crude here to export? absolutely, there's plenty of crude. first of all, most of that crude is coming from the ...
CNBC: Mad Money
3/4/2024 11:22pm
... well opec is still going to be underwriting all prices for some time to calm, but i think there has been a psychology of supply in the global marketplace that people just don't worry about the way they used to. there was a day where any shock ...
CNBC: Mad Money
3/4/2024 11:22pm
... we have the ability to pivot from one asset to another. that is what we are designed for. last question, are you surprised when opec does something. like they did extending the cuts it does seem to matter anymore? ...
CNBC: Power Lunch
3/4/2024 7:42pm
... falling despite opec agreed to extend production cuts. let's bring in for stevens with more. this was announced yesterday and the cuts we are talking about, these are the 2.2 million barrel production cuts that went into effect at the beginning of this year. they were set to expire at the end of ...
CNBC: Power Lunch
3/4/2024 7:39pm
... and bear premium paints. stephanie, thank you very much. coming up, oil prices sliding as opec extends voluntary output cuts until midyear. stevens will give us more ...
CNBC: Power Lunch
3/4/2024 7:22pm
... apple. opec plus extending its cuts until midyear. details further ahead. ...
CNBC: Squawk on the Street
3/4/2024 2:37pm
... bitcoin is as good as natural gas is bad. natural gas is the lowest this century. eqt cutting some production on these low prices. that's a good company. well run. even though crude today, at least earlier, opec plus extending some of the voluntary ...
CNBC: Squawk Box
3/4/2024 1:16pm
... than others, or believe that they're going to follow through with what they said? i might think the most important thing we think about opec is they look more unified. the most important producer saudi arabia, is going to continue with its million barrel ...
CNBC: Squawk Box
3/4/2024 1:16pm
... nasdaq positive up about 8 points. wti crude trading highest since early november. over the weekend saudi arabia, russia and other opec+ producers announced they will extend voluntary crude production cuts until end of the second quarter. ...
CNBC: Squawk Box
3/4/2024 1:12pm
... isa isaacson. and next latest on the extended oil production cuts from opec+ members with rbcs helene mccaul. heading to break check out shares of microcomputer ugg ...
CNBC: Squawk Box
3/4/2024 1:02pm
... and opec+ hopes to keep crude production cut for longer. asking about how this decision could ripple through the worldwide energy markets as the time hour of 'squawk box' begins right now. ...
CNBC: Squawk Box
3/4/2024 11:02am
... inching up toward $80. the high end of the range. $79.68. opec plus countries delaying production. that means 2.2 million barrels ...
CNBC: Squawk Box
3/4/2024 11:00am
... offer to buy the company. plus, crude prices after opec plus countries agree to extend voluntary cuts. it's monday, march 4th, 2024 and 'squawk box' begins right now. ...
CNBC: Worldwide Exchange
3/4/2024 11:00am
... macy's shares jumping on the offer to buy the company. plus, crude prices after opec plus countries agree to extend voluntary cuts. it's monday, march 4th, 2024 and ...
CNBC: Worldwide Exchange
3/4/2024 10:55am
... for the nasdaq 100. that is a positive sign for the market. you are making moves. we had news about the oil market over the weekend. opec extending the cuts. was that the catalyst for the ...
CNBC: Worldwide Exchange
3/4/2024 10:52am
... opec plus countries agreeing to extend the production cuts to mid-year. that includes the 1 million barrels per day by saudi arabia. and bank of america raises ...
CNBC: Worldwide Exchange
3/4/2024 10:34am
... the pce report. similar for the long bond which is seen as a read on inflation expectations. turning attention to the energy market with key opec decision over weekend extending production cuts through mid-year. ...
CNBC: Worldwide Exchange
3/4/2024 10:11am
... certain and the chinese outlook is in focus this week as well as two major wars and the houthi attacks in the red sea. most importantly here, rising production from the united states in the non-opec producers ...
CNBC: Worldwide Exchange
3/4/2024 10:10am
... all together,it makes up for about 2.2 million barrels off the market and this is expected to stay in place until further notice. opec did say it would like to reverse or add back the lost ...
CNBC: Worldwide Exchange
3/4/2024 10:09am
... from dubai. dan, good morning. reporter: frank, good morning. we have been speaking with opec leadership and market analysts about the decision. this move ss ...
CNBC: Worldwide Exchange
3/4/2024 10:09am
... turning attention now to oil. opec plus countries offering to extend the production until mid-year. that includes the 1 million barrel per day cut by saudi arabia. we have dan murphy joining us ...
CNBC: Worldwide Exchange
3/4/2024 10:03am
... inflation report of 4.3%. let's look at energy and oil after the opec decision over the weekend extending voluntary production cuts. we are seeing crude right now trading at $80 a barrel. down fractionally. ...
CNBC: Street Signs
3/4/2024 9:25am
... might that be? we have seen oil holding in the range about $75 to $85 a barrel this year which is not too hot and not too cold. you get the sense the opec group here needs to show it can respond in real-time to the ...
CNBC: Street Signs
3/4/2024 9:25am
... place until further notice. opec has an intention to gr gradually reverse the cuts and put the barrels back on the market, but only when warranted. you have to ask yourself when ...
CNBC: Street Signs
3/4/2024 9:24am
... priced in by the market. when you look at the numbers in terms of barrels lost here, saudi arabia will be leading the cuts with a 1 million barrel reduction. the other opec producers like iraq and the uae, for example, will cut by 2222 2 ...
CNBC: Street Signs
3/4/2024 9:24am
... and opec allies extending production cuts through the second quarter and the market reaction here is notable as well ahead of the wall street open. what we see here is prices pretty much staying muted which shows this decision was largely ...
CNBC: Street Signs
3/4/2024 9:23am
... the three holds 29% and tried to revive the board and delist the firm through the sale. 2.6% down on the back of that news for softwareone. to the opec market where the ...
CNBC: Street Signs
3/4/2024 9:18am
... it is targeting a 36% year-end inflation rate. coming up on the show, crude markets shrugging off opec plus plans to extend production cuts. we'll have more after this. ...
CNBC: Fast Money
3/1/2024 10:35pm
... day in a row. the s&p 500 closing above 5100 for first time jumping nearly 1%. u.s. crude oil on the rise, briefly jumping above $80 a barrel for first time since november as opec plus gets set to decide whether it will roll ...
CNBC: Closing Bell
3/1/2024 8:59pm
... navigate -- quantitatively. my honest feeling is as we go through this year opec will have to come back on the market. that is gonna weigh hard on the market. opec is trying to navigate its own, engineer its own soft landing of the oil coming back onto the market. odds are it will be somewhat ...
CNBC: Power Lunch
3/1/2024 7:46pm
... decision outside of the opec group entirely. so, each individual country is expected to pronounce an extension of those cuts in this coming week, likely into the second quarter. then, june, this is the next opec plus ministerial meeting, so, that's what we'll hear an update on what the protection ...
CNBC: Power Lunch
3/1/2024 7:46pm
... for crude energy stocks going forward. maybe today, some momentum with geopolitical risks still they're not totally priced into the price of the wta here, and also, all eyes right now are on the possible extension of those opec cuts and 2.2 million barrels per day that was a ...
CNBC: The Exchange
2/27/2024 6:16pm
... shoemaker, thank you very much. we'll see you both soon. i want to bring your attention to oil prices. reuters is reporting that opec plus will consider extending those voluntary output cuts in the second quarter to prop up oil prices. the group first agreed to cuts of a little more than 2 million ...
CNBC: Worldwide Exchange
2/27/2024 10:33am
... it seems oil is range bound. barely getting across the $80 mark with brent. give us a sense with what you are seeing other than opec production cuts, is there anything else that can move the oil market higher? should investors be mindful of ...
CNBC: Worldwide Exchange
2/27/2024 10:31am
... now we have brazil and we have the guyana story. if you are opec, you have to contend with growth coming from the americas when you set your production policies. helima, i want to turn to the crisis in the middle east for ...
CNBC: Worldwide Exchange
2/27/2024 10:31am
... opec now has to contend with growth coming from the americas. the shell story was all about capital discipline. now we have other producers contending. brazil has seen extensive growth the past couple years. ...
CNBC: Worldwide Exchange
2/27/2024 10:31am
... with the oil market? certainly you can see the venezuelan action is an indication it is a subject of dispute within the region. potential driver of instability. it also is shifting calculations of the group like opec. ...
CNBC: Worldwide Exchange
2/27/2024 10:09am
... quarterly results, but some are not complaining as the stock is moving high in the pre-market. and new pressure on the oil patch as opec is set to stick with the voluntary production cuts. rbc capital markets helima croft ...
CNBC: Street Signs
2/27/2024 9:13am
... in that last year. what should we expect in terms of compliance this year? it will be tougher than historically has been. nobody really wants to cut. they want to be a good member of the group of opec. ...
CNBC: Street Signs
2/27/2024 9:12am
... of the world, they may say we'll raise production as well like everybody else and you have a price war. finally, i need to talk about opec plus compliance. the market had little confidence ...