Patrick Pouyanné says the oil producing cartel had acted out of a belief that the price per barrel had fallen too low.
The "Fast Money" traders give you 5 ways to trade oil.
The "Fast Money" traders share their first moves for the market open.
The "Fast Money" traders share their final trades of the day, including Total SA, UnitedHealth Group and more.
European stocks finished mixed on Wednesday, as investors focused on volatility in commodity markets and looked ahead to a speech by the Federal Reserve chair later on this week.
Jim Paulsen, Wells Capital Management chief investment strategist, discusses where he thinks the market is heading next.
European stocks finished Friday in the red, as a sharp decline in mining stocks and banks added pressure to the region.
European stocks finished in the red on Thursday as investors waded through another raft of earnings and prepared for the latest BOJ decision.
European oil majors Royal Dutch Shell and Total reported a sharp decline in profits in the second-quarter of 2016, as the low oil price continued to weigh on earnings.
European markets closed sharply lower on Friday, as falling oil prices, upcoming risk events and economic growth concerns weighed on sentiment.
The CEOs of Superior Energy and Core Labs explain why oil is heading higher and how it will impact industry spending.
U.S. oil prices rose as expectations of U.S. crude draws underpinned a market already worried about potential supply shortages.
Europe closed sharply up on Tuesday, as sentiment was lifted by positive U.S. trade, and strong gains from banks, insurers and retailers.
European stocks finished mostly lower on Monday as investors digested a fall in oil prices, mixed data out of the euro zone and the prospect of a U.S. rate hike in June.
European stocks closed higher, as Wall Street rose after falling earlier in the week on renewed concerns the Fed would raise interest rates in the near-term.
Oversupply may have sent oil prices lower, but in five years there won't be enough oil to meet demand, John Hofmeister says.
European stocks finished mixed on Monday, as investors tried to shake off the sharp fall in oil prices and mining stocks.
European stocks finished slightly higher on Wednesday, as investors remained cautious ahead of the latest Fed decision and digested earnings.
Net adjusted profit of $1.6 billion fell 37 percent compared with the same quarter in 2015.
Integrated oil and gas companies face headwinds as upstream production remain under pressure and downstream refinery margins are tightening.