OPEC

Oil staged a nice recovery Friday morning thanks to OPEC's proactive stance in stemming the rot the oil market is going through. What Happened Following the OPEC and non-OPEC ministerial meeting, the two parties reportedly agreed to cut oil production by a cumulative 1.2 million barrels per day...

WTI grade crude oil is once again threatening to break below the $50-per-barrel barrier following two sub-$50 sessions in late November. What Happened Oil opened Thursday's session modestly lower at $52.67, but gyrated between $53.28 and $50.24 amid news emerging out of Vienna, where OPEC...

Among single-country exchange traded funds, the iShares MSCI Qatar ETF (NASDAQ: QAT) doesn't get a lot of attention, but that changed Monday. QAT, the only U.S.-listed ETF focusing on stocks in Qatar, declined on news the country will depart the Organization of Petroleum Exporting Countries (...

Oil was moving 4 percent higher Monday after three weekend developments: Russia and Saudi Arabia agreed to extend oil output cuts. Alberta Premier Rachel Notley shocked the oil market with a mandatory province-wide 8.7-percent production cut. Oil-rich Qatar said it will leave the OPEC...

The oil market stabilized Monday following a 6 percent sell-off Friday ahead of this week’s G20 meeting. Saudi Arabia is reportedly producing record levels of crude oil in the month of November, and U.S. President Donald Trump has urged the Saudis not to cut production at the OPEC meeting...

The black gold is falling along with most investment classes, with things turning sore in the final quarter of the year. At the time of writing Tuesday, the WTI grade crude oil was trading at $56.14, down 6.32 percent from the previous session. Rally Interrupted The most recent downtrend began Oct...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Nov. 12, 1979, President Jimmy Carter halted Iranian petroleum imports in the name of national security. Where The Market Was The S&P 500 traded at $103.51, and the Dow Jones...

As the first snowflakes of winter fall in parts of the country Friday, the stock market also has a chilly tone to start the day. Concerns about rising rates continue to weigh on sentiment, and so does a higher than expected read on U.S. inflation. Some investors seem to be seizing on what looked...

Iran faces runaway inflation, a trucker strike, and oil sanctions Iran's truckers are on strike for the second time this year, the Middle East Monitor reported yesterday, protesting inflationary insurance prices, permit fees, high commission rates, spare parts costs, and increasing operational...