OPEC Agreement

Natural gas prices surged on Monday after EQT Corporation (NYSE:EQT), the largest U.S. producer, announced it was cutting output in response to low prices. U.S. natural gas futures jumped 5.6% to $1.938, while exchange traded funds that track gas prices were also higher. The United States Natural...

OPEC ministers will gather on Thursday in Vienna and attempt to reach a consensus on expanding a 2016 oil supply cut beyond March of next year. The Expert Helima Croft, managing director and global head of commodity strategy with RBC Capital Markets. The Strategy Oil prices could fall to the...

OPEC and other non-member energy giants like Russia agreed in June to extend its 2016 supply reduction deal to boost energy. But a few months into the extension and oil prices remain stuck below the $50 per barrel mark, which indicates the agreement isn't working in supporting oil prices. According...

OPEC members teamed up with other energy giants like Russia to collectively lower their output in 2016 to help support oil prices. The agreement was extended in June of 2017, but now there is ample evidence to suggest the deal is falling apart. Countries including Libya and Nigeria were exempt from...

Oil prices were trading lower by more than 1 percent Wednesday morning, which may call into question the recent 10-percent rally that began on June 21. Russia: No More Cuts One of the reasons that could be attributing to oil's decline on Wednesday comes from Russia, Bloomberg reported. The non-OPEC...

Oil prices continue trading near its 2017 lows but did bounce higher early Thursday morning. The price of U.S. crude futures gained around 25 cents a barrel to trade at $42.76, which still marks an approximate 20 percent decline since peaking in February. Here are two oil-related news reports of...

Oil prices entered bear territory on Tuesday after falling more than 3 percent. The price of oil hit a seven-month low near the $43 per barrel level which implies the commodity is trading at its lowest levels in 2017. The latest reason for the weakness is attributed to signs of rising output from...

Non-OPEC member countries are expected to boost their combined oil supplies by 1.5 million barrels a day next year, which by itself can satisfy the expected global demand growth of 1.4 million barrels a day, CNBC reported citing a report from the International Energy Agency. The bulk of new oil...

An OPEC agreement to extend 2016's supply reduction isn't going to be enough to help support oil prices, Fereidun Fesharaki, founder and chairman of consulting group FGE believes. Fesharaki, considered to be a leading global energy market expert, told CNBC early Wednesday morning that OPEC...

OPEC members agreed last week to extend a 2016 initiative to lower their collective oil output to help boost oil prices. However, the price of oil is now trading lower than it was prior to the extension of the agreement which further puts into question how effective the 13 members are at...

The Organization of the Petroleum Exporting Countries extended a 2016 agreement which calls on most of its members and several non-members to collectively lower their oil output to help support oil prices. One week later, the price of oil is flirting with a multiweek low — causing some...

The 13 nations that make up the Organization of the Petroleum Exporting Countries reached an agreement to extend a 2016 agreement, which calls for an overall reduction in oil output to help support oil prices. Several other non-OPEC countries also took part in the agreement, which was scheduled to...

The price of oil is dictated by many factors, but perhaps the most determining factor is the 13-member nations that make up the Organization of the Petroleum Exporting Countries. However, this may no longer be the case, at least according to Francisco Blanch, head of global commodities research at...

Six of the worst performing (non-leveraged) large exchange-traded funds as measured by their performance year-to-date have one thing in common: They are all tied to the price of oil. According to a CNBC "Trading Nation" segment, four of the worst performing ETFs are down by a double digit...

The price of oil was under pressure Monday but hovered near the $50 per barrel mark after Libya's largest oil field came back online after a week-long disruption. Oil investors have been debated recently what impact the oilfield would have on the global market but that conversation has now come to...