Business Algeria

  • *Oil company shares lift global stocks after OPEC deal. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. "Everything you're seeing today is a response to the move in crude and the possible coordination...

  • *Iraq told OPEC meeting to change new ceiling- source. *Iraq's Luaibi complains about OPEC output estimates. ALGIERS, Sept 29- For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran.

  • ALGIERS, Algeria— OPEC's unexpected understanding to trim production shows the cartel still has the resolve— and even desperation— to try to guide energy markets higher. Though limited, the decision came as something of a surprise— expectations were that once again the regional rivalry between Saudi Arabia and Iran would create a stalemate.

  • OPEC reaches preliminary accord to curb oil production. OPEC nations reached a preliminary agreement to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations.

  • *Oil company shares lift global stocks after OPEC deal. *India stocks, rupee fall on strikes on militants in Pakistan- controlled Kashmir. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.

  • *Energy shares rally after OPEC deal. LONDON, Sept 29- European equities climbed higher on Thursday, with energy shares rallying after oil prices surged overnight following a deal by OPEC members to limit crude output. OPEC estimates its current output at 33.24 million bpd.

  • LONDON, Sept 29- European shares climbed higher in early trading on Thursday, with energy shares rallying after oil prices surged overnight after OPEC struck a deal to limit crude output. The Organization of the Petroleum Exporting Countries reached an agreement in Algiers to cut production to a range of 32.5-33.0 million barrels per day.

  • LONDON, Sept 29- European shares climbed higher in early trading on Thursday, with energy shares rallying after oil prices surged overnight after OPEC struck a deal to limit crude output. The Organization of the Petroleum Exporting Countries reached an agreement in Algiers to cut production to a range of 32.5-33.0 million barrels per day.

  • SAO PAULO, Sept 28- Key Latin American currencies held steady on Wednesday after the Organization of the Petroleum Exporting Countries reached a deal in Algiers to limit oil production, triggering a sharp rise in oil prices. In a testimony before Congress, Fed Chair Janet Yellen said on Wednesday job creation has accelerated to unsustainable levels, though she...

  • ALGIERS, Algeria— OPEC nations reach preliminary accord to curb oil production to boost prices; 1st time in 8 years.

  • OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

  • *OPEC will limit output at 32.5-33.0 million bpd. *To seek non- OPEC support once output reduced. ALGIERS, Sept 28- OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • *OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since the market crashed two years ago on...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • NEW YORK, Sept 28- Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said. The Organization of the Petroleum Exporting Countries has agreed to limit production to 32.5 million barrels per day, OPEC sources said after talks...

  • Oil Rig, Operator

    OPEC could announce an output-freeze deal on Wednesday in Algeria, although full details are unlikely before a formal meeting in November, two OPEC sources said.

  • *Possible OPEC deal in Algiers though details only in Nov. NEW YORK, Sept 28- Oil prices rose more than 2 percent in volatile trade on Wednesday on speculation that OPEC members gathered in Algeria could lay the foundation for a production-limiting deal in November. Members of the Organization of the Petroleum Exporting Countries may announce an output freeze...

  • NEW YORK, Sept 28- U.S. stock prices slipped on Wednesday after comments from Federal Reserve Chair Janet Yellen raised concerns about increased banking regulations, while oil prices rose in choppy trading amid hopes of an output agreement and data showing a bigger-than-expected increase in U.S. gasoline inventories. The dollar rose against the euro as...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has said it would reduce output to ease the global glut only if...