Non-OPEC

Exxon Mobil Corporation (NYSE: XOM) shares were up 2.4 percent on Monday on news that CEO Rex Tillerson is President-elect Donald Trump’s choice for Secretary of State. Coincidentally, news also broke Monday that a group of non-OPEC oil producers led by Russia has agreed to join OPEC and cut...

After several years of bad news for oil investors, things are starting to look a bit more bullish for the U.S. oil industry. WTI crude oil prices jumped above $54/bbl on Monday following news that a group of non-OPEC oil producers will be joining OPEC and cutting crude oil output in an effort to...

The price of oil soared to its highest level since the middle of 2015 after OPEC and non-OPEC members struck an agreement to collaborate on reducing their oil output to boost prices higher. Rob Thummel, a portfolio manager and managing director at Tortoise Capital Advisors commented on the...

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...

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...

As depressed oil prices persist, some of the world’s top oil-producing countries will meet in Doha, Qatar, this weekend. The 13 OPEC members, Russia, Mexico and another five non-OPEC nations will get together to discuss possible strategies, including a production freeze at January levels, to...

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....

Oil investors had high hopes for this month’s international meeting of leading OPEC and non-OPEC oil producers, who will reportedly be discussing a plan to freeze global oil production. Rumors surrounding the meeting have been driving a huge rally in crude oil prices after they hit their...