×

Business Algeria

  • *OPEC, non- OPEC officials were to meet on Monday in Vienna. DUBAI/ LONDON, Nov 25- Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non- OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organisation first. "There is an official letter from saying not...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • Nov 22- Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production, but market watchers reckon a deal may pack less punch than Saudi Arabia and its partners want. Brent crude has risen 6.5 percent in the last two weeks, hitting nearly $50 a barrel for the first time since late...

  • *Baghdad has already told OPEC it will not cut production. LONDON/ BAGHDAD, Nov 18- Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output. OPEC member Iraq pays developers a...

  • *Baghdad has already told OPEC it will not cut production. LONDON/ BAGHDAD, Nov 18- Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group's output. OPEC member Iraq pays developers a...

  • RIYADH, Nov 17- Saudi Energy Minister Khalid al-Falih said on Thursday that OPEC should cut oil output to 32.5 million barrels per day, the lower end of a previously agreed range, to balance the market. OPEC agreed in Algeria on Sept. 28 to limit supply with special conditions given to Libya, Nigeria and Iran, whose output has been hit by wars and sanctions.

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuelan president Wednesday. Russia said it was ready to support OPEC's decision on an output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said.

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuelan president Wednesday. Russia said it was ready to support OPEC's decision on an output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said.

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuela president Wednesday. NEW YORK, Nov 16- Oil prices edged higher in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia on possible output cuts against a bigger-than-expected U.S. crude storage build.

  • *Some OPEC members likely to meet in Doha on Friday- source. *ABN Amro lowers Q4 oil price forecasts to $50/ barrel. Brent futures were down 28 cents, or 0.6 percent, at $46.67 a barrel by 10:09 a.m. EST.

  • *Some OPEC members likely to meet in Doha on Friday- source. Global benchmark Brent crude was down 34 cents at $46.61 a barrel at 1410 GMT. "Prices are down on the build in U.S. crude oil stocks reported by the API last night," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.

  • *Some OPEC members likely to meet in Doha on Friday- source. Global benchmark Brent crude was down 53 cents at $46.42 a barrel at 1217 GMT. "Prices are down on the build in U.S. crude oil stocks reported by the API last night," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.

  • Some OPEC members likely to meet in Doha on Friday- source. "Prices are down on the build in U.S. crude oil stocks reported by the API last night," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates. The news dampened a rally infused by news that OPEC members were meeting ahead of an official group gathering on Nov. 30 to build consensus for a deal to limit...

  • ALGIERS, Nov 16- A number of energy ministers from OPEC oil-producing countries are likely to meet informally in Doha on Friday to try to build consensus over decisions taken by the full group in September in Algiers, an Algerian energy source said. At the September meeting, OPEC agreed on modest, preliminary, oil output cuts in the first such deal since 2008, with...

  • INFORMAL OPEC MEETING LIKELY TO BE CONVENED IN DOHA ON FRIDAY TO BUILD CONSENSUS OVER ALGIERS DECISIONS- ALGERIAN ENERGY SOURCE.

  • *OPEC seeks to resolve differences- traders citing Bloomberg. NEW YORK, Nov 14- Oil prices were largely steady on Monday, rebounding from three-month lows, on a report saying that OPEC members were seeking to resolve their differences on a deal to cut production ahead of a meeting later this month. OPEC kingpin Saudi Arabia and fellow exporters Iran and Iraq have...

  • *OPEC seeks to resolve differences- traders citing Bloomberg. NEW YORK, Nov 14- Oil prices were largely steady on Monday, rebounding from three-month lows, on a report saying that OPEC members were seeking to resolve their differences on a deal to cut production ahead of a meeting later this month. OPEC kingpin Saudi Arabia and fellow exporters Iran and Iraq have...

  • *Uncertainty over OPEC might grows. NEW YORK, Nov 14- Oil fell more than 2 percent to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances OPEC will reach a deal to cut output. Brent fell $1.11, or 2.5 percent, to $43.64 a barrel by 11:32 a.m. EST.