OPEC

The price of oil has been supported by an OPEC agreement to lower the collective output of the organization by 1.2 million barrels a day. But doing so may have awakened a sleeping giant: U.S. shale producers looking to take advantage of the now higher oil prices. According to a Bloomberg report, U....

The price of oil appears to have stabilized just north of $50 per barrel, but some analysts are calling for a 40 percent plunge. Bloomberg: Possibility Of Falling Prices According to a Bloomberg report, crude prices could fall to $30 per barrel if the Organization for Petroleum Exporting Countries...

The global oil market has clearly stabilized in the past year. Many investors looking to profit off of the rebound in oil and oil stocks saw the OPEC production cut deal in December as the last remaining green light for the industry. However, WTI crude oil is up only 1.4 percent in the past two...

Among single-country emerging markets exchange-traded funds, few, if any, have spent more time in the post-election limelight than the VanEck Vectors Russia ETF (NYSE: RSX). RSX, the largest and most heavily traded Russia ETF listed in New York, was one of last year's best-performing single-...

The policy actions of President Donald Trump continue to rattle a hornet's nest. In a move away from former President Barack Obama's stance, the Trump administration imposed additional sanctions on Iran last Friday in response to the Muslim-majority nation testing a ballistic missile, potentially...

American oil companies are poised to export up to 800,000 barrels of oil per day in 2017 if President Trump fulfills his promises to ease restrictions and promote oil production. According to a Bloomberg report, the 800,000 barrels a day figure is larger than four OPEC members, including Libya...

OPEC's agreement to collectively lower their oil output was met with skepticism by some, but the organization has found an unlikely ally: China. Bloomberg cited a research report from analysts at Sanford Bernstein who suggested that China's oil production is expected to decline by up to 7 percent...

The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....

Crude oil is on pace to finish 2016 near a multi-year high, which marks a reversal from 2015 when the commodity ended the year lower by more 30 percent. The reason for oil's strength can be directly attributed to an agreement made by OPEC and non-OPEC members to cut production - the first...

This year has been a great year for stock investors, but it has been an even better year for commodities investors. While the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 10.6 percent on the year, the PowerShares DB Com Indx Trckng Fund (ETF) (NYSE: DBC) has surged 16.2 percent on the year. Oil...

The stopgap deal to drive up oil prices arranged at last month's OPEC meeting came with a number of open-ended questions about the efficacy of the measure and just what the impact might be on energy stocks. Pavel Molchanov, senior vice president and equity analyst at Raymond James, appeared on...

The combined might of some of the world's largest oil producers should be afraid of a tiny town in Oklahoma called Cushing. Cushing, Oklahoma, has a population in the mere thousands but is home to one of the world's largest oil storage facility. In addition, many large transmission lines terminate...

Exxon Mobil Corporation (NYSE: XOM) shares were up 2.4 percent on Monday on news that CEO Rex Tillerson is President-elect Donald Trump’s choice for Secretary of State. Coincidentally, news also broke Monday that a group of non-OPEC oil producers led by Russia has agreed to join OPEC and cut...

After several years of bad news for oil investors, things are starting to look a bit more bullish for the U.S. oil industry. WTI crude oil prices jumped above $54/bbl on Monday following news that a group of non-OPEC oil producers will be joining OPEC and cutting crude oil output in an effort to...

The price of oil soared to its highest level since the middle of 2015 after OPEC and non-OPEC members struck an agreement to collaborate on reducing their oil output to boost prices higher. Rob Thummel, a portfolio manager and managing director at Tortoise Capital Advisors commented on the...