OPEC

Credit Suisse just released its list of 10 things investors are watching during this holiday-shortened trading week. Here’s a breakdown of the list. 1. Crude Oil And Commodities' Weakness Weakness in crude oil and commodities persists driven by a strong dollar and yuan devaluation. A recent...

The Market Vector Russia ETF Trust (NYSE: RSX), the oldest and largest Russia exchange-traded fund listed in New York, deserves some credit. Not only has RSX been the best-performing member of the quartet comprised of the largest single-country BRIC ETFs this year, but the fund has surged 8.2...

Seasoned commodities investors know that geopolitical events often have profound impacts on oil prices. History is littered with examples of conflicts in major oil-producing countries prompting supply disruptions, which in turn stoke higher prices for oil futures and exchange traded products such...

A draft of OPEC's long-term strategy report has leaked to Reuters. The report outlines OPEC’s strategy of ramping up production in the short-term to re-gain market share in the long-term. OPEC is projecting crude oil prices will return to $80/bbl by 2020. It seems like...

U.S. oil rig counts fell by 16 this week, the ninth consecutive week of declines. A Reuters survey also indicates that OPEC production declined modestly in the month of October. Crude oil prices are on pace to finish the week higher after two straight weeks of declines. This week’s Baker...

The United States Oil Fund LP (ETF) (NYSE: USO), which tracks front-month West Texas Intermediate (WTI) futures, is trading modestly higher Tuesday, adding to a one-month gain that now stands just over 7 percent. Oil's recent recovery, albeit muted relative to the lengthy bear market the...

OPEC now projects negative non-OPEC global oil production growth in 2016. OPEC believes the oil market is now moving toward a more balanced state. WTI crude is trading down on Monday after a strong rally in recent weeks. On Monday, OPEC joined the International Energy Agency (IEA) in predicting...

Oil prices have been on a wild ride over the past year as oversupply, geopolitical turmoil and political uncertainty all pressured prices. However, some analysts say they are beginning to see a light at the end of the tunnel as major producers have shown signs of willingness to work together....

Brent oil prices climbed above $50/bbl on Tuesday for the first time in two weeks. Prices have been boosted by speculation of increasing cooperation among global producers. Geopolitical uncertainties in Iran and Syria have the potential to serve as both negative or positive catalysts for...

Goldman Sachs analyst Damien Courvalin commented in a note that the possibility of $20 oil is "becoming greater." Courvalin's base case estimates for one, three, six, and 12 months oil forecasts (per barrel) are $38, $42, $40 and $45. Recent decline in oil prices have been...

Crude oil closed out its largest three-day price surge since 1990 on Monday, and the United States Oil Fund LP (ETF) (NYSE: USO) is up more than 23 percent in less than a week. Oil bears on Wall Street are arguing that the movement is simply a temporary short squeeze following WTI’s drop to...

While investors and traders were focused on many of the tech and social media stocks that plunged on Monday, the MLP sector may have drifted under the radar. Speaking to Benzinga, Dan Willard of Pointe Capital Management stated that Monday was a "tough" day for MLPs with the index...

B. Chase Mulvehill of SunTrust Robinson Humphrey commented in a note on Sunday that his new U.S. onshore hz rig count of 530 marks a 31 percent drop from a year ago and forces him to downgrade a handful of oilfield service providers. Mulvehill said his new rig count projection assumes a 1MMbpd...

In a report published Sunday, Morgan Stanley analyst Eva Calio discussed why refiners will be the biggest beneficiary of an oversupplied oil market. According to Calio, investors and corporations are embracing a "lower for longer" oil market when considering OPEC's actions of...

Oil prices made a modest recovery on Tuesday morning, but a dip on Monday gave traders reason to question whether the commodity was heading for another trough in the coming weeks. Brent crude oil and WTI have both held above $50 per barrel for the last 10 years, but with production continuing to...