OPEC

OPEC members are meeting in Algiers to discuss a potential agreement to freeze oil output. Few experts are predicting that much will come out of the meeting, but one oil analyst went so far as to describe the meetings as a "complete farce." Michael Cohen, Barclays Head of Energy...

OPEC members are currently talking in Algiers with the conversation surrounding a potential deal to freeze oil output levels. However, oil investors shouldn't expect a deal to be made this week, but it is possible one can be made in November. Bloomberg cited data from the International Monetary...

Goldman Sachs said in a research note released on Tuesday that the oil supply-demand balance is weaker than previously expected. The deduction is based on upside surprises to the third quarter production and greater clarity on new project delivery into the year-end. At last check, the WTI grade of...

Analysts at Goldman Sachs, led by Damien Courvalin, previously forecast the global oil market to be characterized in the fourth quarter by a 300,000 barrel per day draw. On Tuesday, the analyst revised his forecast from a 300,000 barrel a day shortfall to now a 400,000 barrel per day surplus....

Crude oil rose Monday on further optimism that an OPEC agreement to limit oil output can be reached. However, OPEC's largest and most influential producer, Saudi Arabia, made it clear it's unlikely to agree to any terms unless its rival Iran agrees in kind. Bloomberg, citing a Barclays...

The price of a barrel of crude oil inched higher early Monday morning by 0.94 percent, as OPEC members are meeting on the sidelines at the International Energy Forum to discuss a potential agreement that would limit oil output. Initial commentary from participants in the meeting and several...

OPEC nations and major oil producing countries met in Doha, Qatar back in April to reach an agreement that would place a limit on oil output levels. As was expected, the meeting passed with no agreement finalized and the organization will meet again next week to discuss a similar agreement....

The Market Vectors Indonesia Index Etf (NYSE: IDX) and the iShares MSCI Indons Invstbl Mrkt Indx Fd (NYSE: EIDO) are each up just over 28 percent year-to-date. That easily outpaces the 18.5 percent returned by the MSCI Emerging Markets Index. Indonesia ETFs' resurgence is market by some of the...

The depressed energy sector may provide one of the few value opportunities in a pricey stock market today. In a new report, Credit Suisse analyst Edward Westlake discussed the firm’s investment strategy among global majors and U.S. oil refiners. When it comes to oil majors, Westlake sees...

The Market Vector Russia ETF Trust (NYSE: RSX) is one of this year's best-performing emerging markets single-country ETFs. RSX, the largest and most heavily traded Russia ETF listed in the United States, is up 23.8 percent year-to-date, an advantage of 860 basis points over the MSCI Emerging...

Benzinga's own Garrett Cook was a guest on Benzinga's PreMarket Prep daily show on August 24 to talk about the oil market. Cook was invited to discuss his in-depth knowledge of the oil market and to offer his expertise at a time when the commodity was showing erratic trading characteristics. On...

The price of a barrel of oil was trading lower Friday morning as comments from Saudi Arabia's energy minister dampens the prospect of an OPEC-sanctioned production cap. OPEC members are scheduled to meet next month to discuss a potential limit on how much oil can be exported. Saudi Arabia's oil...

The global collapse in oil price that started in 2014 has devastated many oil & gas companies. Casual observers know the general consensus is that OPEC is to blame for the huge crude oil supply glut that has bogged down the market. However, many may not know exactly what OPEC is and why it is...

The price of a barrel of oil rose more than 1 percent on Tuesday after Reuters reported that Iran is open to an agreement with OPEC to cap its oil output to help boost the price of the commodity higher. OPEC nations will meet in September after a meeting earlier this year failed to lead to a...

Saudi Arabia's oil production in July of 10.67 million barrels per day marked the country's highest level in history. According to a report by Reuters, the country is looking to boost its oil production even higher ahead of a key OPEC meeting. Reuters, citing a "source from outside...