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OPEC+ weighs output plans as Iran snapback sanctions hit
CNBC Television· 2025-09-29 16:00
Turning to the energy markets and oil prices under pressure this morning on a new report that OPEC plus is gearing up for another production hike. Taking a look at oil right now. We see WTI pulling back about 1 and a.5%. Brent crew pulling back about one and a quarter.Our Dan Murphy joins us now from Dubai with the very latest. Dan, good morning. Frank, good morning to you.Well, OPEC is meeting this week to discuss oil output for November. But Frank, our sources have actually pushed back on these reports, s ...
Oil sinks as Israel accuses Tehran of violating ceasefire
CNBC Television· 2025-06-24 10:21
Turning now to the energy trade and how early morning developments between Israel and Iran are impacting the oil market that you can see here has fallen sharply over the last week. We're taking a look at WTI down double digits over the last week. Let's get over to our Dan Murphy in Dubai.Dan, good morning. Frank, good morning to you. And to build on what Raph was saying, this could really be a turning point for the oil markets as well.What we're seeing right now is the risk premium that was built into oil l ...
Iran Won't Close Strait of Hormuz, Schork Says
Bloomberg Television· 2025-06-20 14:04
LISA: THANK YOU SO MUCH. JOINING US IS STEPHEN SHORCK. HOW LONG DO YOU THINK THAT THEY WILL LAST.IT WILL DEPEND ON FURTHER ESCALATION AND HOW LONG THE HOSTILITIES. WE ARE LOOKING AT A SITUATION OF A WAIT AND SEE. THE MARKET HAS PRICED IN GREATER VOLATILITY.WHAT WE SAW BEFORE LAST THURSDAY WAS A MARKET SWITCHING INTO THE BRENT AND WTI BEGINNING IN 2026 HAD SWITCHED TO A MARKET WHERE PRICES FOR JANUARY WERE CHEAPER THAN FEBRUARY AND SO FORTH. THIS IS A CLASSIC FUNDAMENTAL TELLTALE THAT THE MARKET IS PRICING I ...