OPEC

In a pair of new reports, analysts at Morgan Stanley and Credit Suisse take a close look at the unpredictable global oil market. WTI oil prices nearly doubled from their 2016 low of $26.05/bbl back in February to their 2016 high of $51.67 in June. However, since the June peak, prices slumped as low...

According to the Wall Street Journal, the Organization of the Petroleum Exporting Countries (OPEC) confirmed Monday it will host an informal talk in September at an energy conference. It isn't immediately known what is on the agenda for the meeting. The organization gathered back in April with the...

WTI crude oil prices dipped back below $40/bbl on Monday for the first time in several months on growing concerns about U.S. gasoline oversupply and fears that global producers are ramping up crude production too soon. According to Paradigm Capital analyst Ken Lin, oil stocks will likely continue...

On Monday, WTI crude oil prices dipped below $40/bbl for the first time since April, after the latest batch of data has investors worried that the infamous global oil glut may be returning. On Friday, a Reuters survey revealed that OPEC output may have risen to its highest level in recent history...

Things are going from bad to worse for the Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)). Already a laggard performer among single-country emerging and frontier markets exchange-traded funds this year, the lone ETF dedicated to stocks in Africa's largest economy is enduring more...

Uber, the popular car-ride sharing app, and OPEC, the organization of 13 of the largest oil producing nations in the planet, share a common link: Saudi Arabia. Saudi Arabia is the largest OPEC member and can now count itself as a partial owner of Uber. According to Bloomberg, Saudi Arabia's...

The United Staes Oil Fund LP (ETF) (NYSE: USO) opened Thursday’s session down more than 2.1 percent following reports that OPEC has yet to agree to a new production ceiling. Despite market jitters, Saudi Arabia’s energy minister Khalid al-Falih assured Reuters that investors don...

OPEC members will meet in Austria on Thursday for their regular meeting, and talks of a production freeze will likely not even come up. According to Credit Suisse analyst Jan Stuart, OPEC will probably choose to leave well enough alone. “We think that one of the few remaining outright...

Asian stocks were mostly lower on Wednesday, partially in reaction to poor data out of China. China's government reported the country's official May manufacturing Purchasing Managers' Index (PMI) was unchanged at 50.1 from a month ago. A reading above 50 is considered to be a sign...

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...

Presumptive Republican presidential nominee Donald Trump is expected to clarify his energy platform in a major speech on Thursday at the Williston Basin Petroleum Conference in North Dakota, Reuters reported. Trump has taken a very nationalistic approach to trade policy in campaign speeches,...

Saudi Arabia is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and its largest member. So, why is the country hinting that it may pursue a future in which the organization is irrelevant? Saudi Arabia has indicated in the past that it no longer cares for OPEC's...