Business Algeria

  • SINGAPORE, Sept 21- Oil prices climbed on Wednesday, supported by a reported draw in U.S. crude inventories and by firm import data from Japan. West Texas Intermediate crude futures were up 1.8 percent, or 77 cents, at $44.82 a barrel at 0251 GMT. Traders said that Brent was being supported by firm import data from Japan.

  • CARACAS, Sept 20- A deal between OPEC and non- OPEC producer countries would push up oil prices by $10 to $15 per barrel, Venezuela's Oil Minister Eulogio Del Pino said on Tuesday, as the South American country pushes for an agreement to stabilize markets. OPEC and non-member producers including Russia are discussing a deal by at least freezing output, although key...

  • MOSCOW, Sept 20- Russia's northernmost onshore oilfield will start production on Wednesday, the Kremlin said on Tuesday, just days before a major oil producers' meeting. Gazprom Neft's web site put the reserves of the field and the adjacent Zapadno-Messoyakha at over 470 million tonnes of oil and 180 billion cubic metres of gas, enabling Russia, the world's top...

  • *Potential output freeze could last one year- OPEC sec-gen. LONDON, Sept 20- Oil prices fell to the lowest in nearly six weeks on Tuesday as concerns over a potential rise in U.S. crude stocks, adding to swelling oversupply, outweighed OPEC comments that a possible production freeze agreement could last longer than expected. Global benchmark Brent crude oil...

  • MOSCOW/ LONDON, Sept 20- A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of OPEC said on Tuesday, longer than other officials have indicated. OPEC and non-member producers including Russia are discussing a deal to stabilise the market by at least freezing output, although key details...

  • MOSCOW/ LONDON, Sept 20- A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of OPEC said on Tuesday, longer than other officials have indicated. OPEC and non-member producers including Russia are discussing a deal to stabilize the market by at least freezing output, although key details...

  • LONDON, Sept 20- Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent. The American Petroleum Institute is scheduled to release its weekly crude stocks data at 2030 GMT on Tuesday. Brent crude oil futures were trading at $45.45 per barrel at 1128 GMT,...

  • LONDON, Sept 20- Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent. The American Petroleum Institute is scheduled to release its weekly crude stocks data at 2030 GMT on Tuesday. International benchmark Brent crude oil futures were trading at...

  • ALGIERS, Sept 20- OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday. Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilise the oil markets at the Algiers...

  • LONDON, Sept 20- European shares steadied on Tuesday after strong gains in the previous session, with a rally in chemical stocks offsetting weaker energy shares that fell on the back of lower oil prices. The STOXX Europe 600 Oil and Gas index dropped 0.8 percent, the worst sector performer, as oil prices fell after Venezuela said that global supplies needed to fall...

  • *Venezuela hints at OPEC/ non- OPEC deal this month. NEW YORK, Sept 19- Oil prices rose 1 percent on Monday after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output, and as clashes in Libya disrupted attempts to restart crude exports from key ports. Last week, Brent hit a two-week low of $45.48 a barrel and WTI fell to a...

  • *Venezuela hints at OPEC/ non- OPEC deal this month. *Clashes in Libya halt loading from port of Ras Lanuf. NEW YORK, Sept 19- Oil prices rose about 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports.

  • *Venezuela hints at OPEC/ non- OPEC deal this month. *Clashes in Libya halt loading from port of Ras Lanuf. NEW YORK, Sept 19- Oil prices rose by 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports.

  • LONDON, Sept 19- Hedge funds and other large money managers have raised their weekly bets on rising crude oil prices, with net long positions in Brent stabilising around levels seen in mid-August when the market got the first indications of a possible OPEC output deal. Bullish bets on Brent have risen and then fallen again since mid-August, mainly driven by...

  • SINGAPORE, Sept 19- Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non- OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan President Nicolas Maduro said on Sunday that a deal between OPEC and non- OPEC countries...

  • MARGARITA ISLAND, Venezuela, Sept 18- Venezuelan President Nicolas Maduro said on Sunday that OPEC and non- OPEC countries were close to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month. OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers...

  • CARACAS, Sept 18- Venezuelan President Nicolas Maduro said on Sunday that OPEC and non- OPEC countries were "close" to reaching a deal to stabilize oil markets and that he aimed for a deal to be announced this month.

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday. He has previously said discussions in Algiers will be consultations and...

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday. He has previously said discussions in Algiers will be consultations and...

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS said on Sunday. Russia, Iran and other major oil producers are due to take part in the...