OPEC

Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other...

Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. What To Know U.S. and China trade tensions continue showing no signs of a near-term resolution which could translate to limited oil demand and investors taking a risk...

Total oil output from OPEC members fell in March by a combined 534,000 barrels per day (bpd) to just over 30 million barrels, CNBC reported Wednesday.  What Happened OPEC's production slash amounts to around 0.5 percent of total global oil demand, CNBC said. The reduction is...

There have been two major themes arguably helping to boost stocks this year: A dovish Fed and increasing optimism about a U.S.-China trade deal. With little news on the latter front this morning, focus could turn toward the Fed, which begins its two-day policy meeting today. With the central bank...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. OPEC's work is over. Or is it? There were reports this past week that the cuts in OPEC production that began in earnest in December (the same month as the group's meeting where it vowed to cut...

Fed week is upon us once again, and it starts with the S&P 500 Index (SPX) near its highest level in months and Treasury yields near their lowest. Though there’s little drama around the Fed’s meeting Tuesday and Wednesday, it’s probably going to be closely watched in what...

Stocks seemed determined to end what’s been a powerful week in the green. A positive tone infused the markets early Friday in part on optimism about China as investors eyed the latest trade news and also viewed more economic stimulus from the Beijing government. We’ll get to the trade...

The United States Oil Fund LP (NYSE: USO) traded modestly higher Thursday morning after OPEC maintained its outlook for global demand. In its monthly report, OPEC said it's maintaining its previous estimate for global oil demand to grow by 1.24 million barrels per day this year to 99.96 million...

The market seems to be catching its breath after sprinting for the first two months of the year. But for how long it will stay winded remains to be seen.  With earnings season mostly in the rearview and the market perhaps having baked a dovish Fed and a trade deal with China into the...

U.S. stocks opened higher on Monday after President Donald Trump announced he would be delaying higher tariffs on imported Chinese goods beyond a March 1 deadline as trade negotiations continue between the two countries. However, oil stocks dipped when Trump followed up his trade announcement with...

It’s been said that talk is cheap. But investors seem to not think so when it comes to the ongoing trade negotiations between the United States and China.  Participants in equities markets around the globe appear to be focused on progress between the world’s two largest economies...

The basis for a turn in the oil markets was laid out in two monthly reports released this past week. Both of them are closely watched documents, one of them coming from OPEC and the other released by the International Energy Agency (IEA). What they showed was that cuts in oil production made by...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The price of oil has been locked in a seesaw for a month. Since West Texas Intermediate (WTI) crude moved above the $50/barrel (b) level on January 9 (which marked a roughly $10 increase from the recent...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The week just ended might be referred to as "Venezuela week." With the news that the U.S. was sanctioning PDVSA, the Venezuelan state oil company – at one time considered the most well-run...

Each month, there are three agencies that release their views on supply and demand: the Energy Information Administration (EIA) of the U.S. Department of Energy, in its Short Term Energy Outlook (STEO); the International Energy Agency (IEA), which is a 40+ year group founded by large oil consuming...