OPEC

Maybe oil is not hampering the Global X MSCI Nigeria ETF ( Global X Funds (NYSE: NGE) at all — not with the United States Brent Oil Fund, LP (NYSE: BNO) being up 23.8 percent year-to-date and NGE being the only exchange-traded fund dedicated to equities in Africa's largest oil-producing...

The iShares MSCI Saudi Arabia Capped ETF (NYSE: KSA), the lone exchange-traded fund dedicated to stocks in the Gulf Cooperation Council (GCC) nation, is down nearly 1.1 percent year-to-date, a disappointing performance when noting the United States Brent Oil Fund, LP (NYSE: BNO) is higher by 19.5...

OPEC recently cut the outlook on non-OPEC crude oil supply in 2016. It raised the forecast of supply loss for non-OPEC suppliers from 730,000 BPD to a 740,000 BPD drop, citing weak production outlooks for China, Colombia, the UK and the United States. OPEC seems to be playing a range-bound game...

Over the weekend, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman named Khalid al-Falih as the nation's new energy minister. The change marks the first transition at the position since 1995. For U.S. oil investors, the impact of Falih’s appointment on the global oil market...

On your typical map, Canada and the United States look somewhat comparable to most Americans. But the Vox map below shows just how desolate much of the northern Canadian wilderness really is. The total population of Canada is 35.1 million. More than 10 million of that population lives in the...

The news over the weekend that no deal could be reached in Doha to cut the global production of oil may have caused some investors to worry. But, if the last two days are any indication, they've quickly gotten over it. Crude oil futures are up two points since they opened this week, and...

Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...

The highly-anticipated meeting of OPEC and non-OPEC global oil producers this weekend in Doha did very little to inspire confidence among oil investors that a timely solution to the massive crude oil glut is imminent. Although the purpose of the meeting was to discuss a potential global production...

Crude oil initially plunged lower by more than 6 percent after Sunday's gathering of OPEC and non-OPEC members failed to reach an agreement on oil exports. OPEC and several non-OPEC members met in Doha, Qatar to discuss a freeze in output levels to help boost crude prices. However, the...

Oil prices are down sharply again on Friday ahead of this weekend’s highly anticipated global producers meeting in Qatar. The purpose of the meeting is to discuss a potential production freeze among OPEC and non-OPEC global producers, but the market seems to have low expectations. One key...

The Organization of the Petroleum Exporting Countries slashed its forecast for global oil demand growth in 2016. According to Reuters, OPEC is now predicting global demand for oil will increase by 1.20 million barrels per day in 2016, marking a reduction of 50,000 barrels per day from its prior...

There are seven single-country, exchange-traded funds dedicated to members of the Organization of Petroleum Countries (OPEC). With the exception of three ETFs tracking Indonesia, which recently rejoined OPEC, other OPEC ETFs have been drab performers. That is particularly true of the Global X MSCI...

Oil prices are up sharply in Friday’s session as investors are displaying optimism about the reported 5-million-barrel drawdown in U.S. crude stockpiles last week. The EIA’s reported 5-million-barrel drawdown was much better than the 3.2 million barrel build that analysts had forecast....