After a surprising cut by OPEC and allies, European markets end the day lower, while oil and gas stocks rise by 4 percent.

Monday's slight decline across Europe's stock markets came as investors focused on the oil market in the wake of a surprise production cut by the OPEC+ alliance.

After being flat for most of the afternoon, the pan-European Stoxx 600 index ended up 0.1%.

Brent crude fut...

OPEC+ Agrees to Increased Oil Output in March

A group of the most powerful oil producers in the world agreed to go ahead with the planned increase in oil output on Wednesday. The decision has come at a time when crude prices are already trading at record levels during the geopolitical tensions.

OPEC and non-OPEC partners form an in...

The OPEC deal results in Saudi stocks going up

Since OPEC and its allies decided to extend the production cuts by 500,000 barrels a day to boost oil prices, the Saudi stock market rose strongly on Sunday, led by bank shares. On Friday, Saudi Arabia led the OPEC+ Group, which in a decade is seeking to avert over-supply and increase prices, wil...

Efforts to bring up the falling crude oil prices

It was told by the executive director at International Energy Agency on Wednesday that the crude oil producing countries who are in the OPEC+ are failing to support up the prices and the prices still are in the 60’s/bbl. territory for brent. 

Fatih Birol highlighted how, desp...