OPEC

With the latest OPEC meeting in the books – now dubbed OPEC+, more on that later – the usual hand-wringing about OPEC's lack of power, incompetence and irrelevance poured through the writeups from the Vienna gathering. Liam Denning of Bloomberg summed up that view in an analysis from the meeting...

As is often the case, shares of oil services providers and the related exchange traded were highly sensitive to crude's gyrations in the second quarter, prompting a nearly 16% for the VanEck Vectors Oil Services ETF (NYSE: OIH). What Happened OIH, one of the largest oil services ETFs, and rival...

On Monday, OPEC reached a deal to extend its crude oil production cuts until March 2020. On Tuesday, Russia and nine other non-OPEC oil producers also reached a deal to cap oil production in an effort to support crude oil prices in a softening global manufacturing environment. The Numbers...

Oil prices were trading lower Tuesday morning despite OPEC and its allies reaching an agreement to extend supply cuts for another nine months. Agreement Reached OPEC and officials from other oil producing countries gathered in Austria Monday to vote on extending the 2017 supply cuts, according to...

OPEC will meet this coming week after a six-month period in which one could argue the group had racked up a record of success it had not seen in a long time. Then why does it feel like there's a feeling of failure around the Vienna gathering? When OPEC last met in December, the price of crude oil...

Brent and U.S. crude futures were each higher by more than 2% Monday morning ahead of expectations for OPEC to extend an oil output cut. What To Know OPEC and its allied nations will gather in Austria Monday and Tuesday with a key topic of conversations the extension of the 2017 production cuts....

Brent crude oil prices rose more than 4% Thursday morning amid reports of two tanker attacks near Iran's coastline. What Happened Two tankers in the Gulf of Oman suffered significant fire damage, one of which docked in Saudi Arabia and was destined to Singapore, according to CNBC. The other...

Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. What To Know U.S. and China trade tensions continue showing no signs of a near-term resolution which could translate to limited oil demand and investors taking a risk...

Total oil output from OPEC members fell in March by a combined 534,000 barrels per day (bpd) to just over 30 million barrels, CNBC reported Wednesday.  What Happened OPEC's production slash amounts to around 0.5 percent of total global oil demand, CNBC said. The reduction is...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1979, OPEC raised the price of crude oil by 9 percent from $13.34 to $14.55. Where The Market Was The Dow finished the day at 854.82. The S&P 500 finished at 101.04...

There have been two major themes arguably helping to boost stocks this year: A dovish Fed and increasing optimism about a U.S.-China trade deal. With little news on the latter front this morning, focus could turn toward the Fed, which begins its two-day policy meeting today. With the central bank...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. OPEC's work is over. Or is it? There were reports this past week that the cuts in OPEC production that began in earnest in December (the same month as the group's meeting where it vowed to cut...

Fed week is upon us once again, and it starts with the S&P 500 Index (SPX) near its highest level in months and Treasury yields near their lowest. Though there’s little drama around the Fed’s meeting Tuesday and Wednesday, it’s probably going to be closely watched in what...

Stocks seemed determined to end what’s been a powerful week in the green. A positive tone infused the markets early Friday in part on optimism about China as investors eyed the latest trade news and also viewed more economic stimulus from the Beijing government. We’ll get to the trade...

The United States Oil Fund LP (NYSE: USO) traded modestly higher Thursday morning after OPEC maintained its outlook for global demand. In its monthly report, OPEC said it's maintaining its previous estimate for global oil demand to grow by 1.24 million barrels per day this year to 99.96 million...