Spencer Kimball

Articles by Spencer Kimball

Oil's roundtrip back to $100. Why China could determine what happens next - CNBC

Business September 13, 2026

China will play a pivotal role in deciding whether oil prices sustain this week's rally and potentially test wartime highs. The U.S. crude oil price on Thursday topped $102 per barrel for its highesοΏ½...

OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure - CNBC

Business May 14, 2026

Oil production among OPEC members fell further in April and is down more than 30% since the start of the Iran war in late February, the cartel said in its latest monthly update on Wednesday. OPEC aοΏ½...

The Iran war will change global energy markets in these important ways, oil executives say - CNBC

Business May 10, 2026

The world's energy system will change in big ways as a result of the Iran war, the CEOs of key oil and gas companies told investors on their earnings calls over the past two weeks. Iran's blockade oοΏ½...

U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war - CNBC

Business May 4, 2026

The Port of Corpus Christi has never been busier as tankers from around the world flock to the U.S. Gulf Coast to load up on crude oil during the Iran war. The Texas port was the third-largest oil οΏ½...

Middle East oil production plunges due to Iran war, OPEC data shows - CNBC

Business April 14, 2026

Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC on Monday. Iraq took the biggest hit with production collapsing 61% frοΏ½...

Oil prices fall after Trump signals he could hold off on attacking Iran - CNBC

Business January 16, 2026

Oil prices fell more than 1% Wednesday after President Donald Trump signaled he might not attack Iran. U.S. crude oil fell 95 cents, or 1.55%, to $60.20 per barrel by 4:17 p.m. ET. Global benchmark οΏ½...

Fed chair candidate Waller says he will 'absolutely' emphasize importance of the central bank's independence to Trump - CNBC

Business December 18, 2025

Federal Reserve Governor Christopher Waller told CNBC on Wednesday that he will "absolutely" emphasize the importance of central bank independence to President Donald Trump. Waller is one of five fiοΏ½...

U.S. crude oil closes at lowest level since early 2021 as looming surplus weighs on market - CNBC

Business December 18, 2025

U.S. crude oil prices fell nearly 3% on Tuesday to close at the lowest level since early 2021, as a looming surplus and possible peace agreement in Ukraine weigh on the market. West Texas IntermediοΏ½...