Business Algeria

  • *Uncertainty over OPEC might grows. LONDON, Nov 14- Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. "In the same way that a strong OPEC agreement was needed to continue the rally above $55, a lack of agreement will be needed to break below $40 and...

  • *Uncertainty over OPEC might grows. LONDON, Nov 14- Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. "In the same way that a strong OPEC agreement was needed to continue the rally above $55, a lack of agreement will be needed to break below $40...

  • *U.S. shale firms go back to work buoyed by OPEC deal. TOKYO, Nov 14- Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. London Brent crude for January delivery was trading up 4 cents at $44.79 a barrel by 0738 GMT, after settling down $1.09 on...

  • *U.S. shale firms go back to work buoyed by OPEC deal. TOKYO, Nov 14- Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. London Brent crude for January delivery was trading up 4 cents at $44.79 a barrel by 0630 GMT, after settling down $1.09 on...

  • TOKYO, Nov 14- Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. BMI Research said in a note that the most likely scenario at the OPEC meeting will be no deal, as the election victory of Republican President-elect Donald Trump- a strong...

  • TOKYO, Nov 14- Oil prices extended declines into a third session on Monday, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. OPEC plans to cut or freeze output, but investors are skeptical that such a deal will be reached during the cartel's Nov. 30 meeting and are also concerned that whatever agreement...

  • TOKYO, Nov 14- Oil prices extended declines into a third session on Monday, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. OPEC plans to cut or freeze output, but investors are sceptical that such a deal will be reached during the cartel's Nov. 30 meeting and are also concerned that whatever agreement...

  • *OPEC output as much as 1.14 million bpd above new supply target. The Organization of the Petroleum Exporting Countries pumped 33.64 million barrels per day last month, according to figures OPEC collects from secondary sources, up 240,000 bpd from September, OPEC said in a monthly report. The OPEC figures point to a bigger surplus than those of the International...

  • *Doubts remain over OPEC, producer cuts in crude output. NEW YORK, Nov 8- Oil prices ended little changed on Tuesday as the market waited to find out who voters elected to be the next president of the United States. West Texas Intermediate contract due in part to projections of record OPEC output.

  • *Doubts remain over OPEC, producer cuts in crude output. NEW YORK, Nov 8- Oil prices edged higher on Tuesday after trading either side of unchanged all morning, keeping crude in line with a small increase in U.S. stock markets as voters headed to the polls to elect the next president of the United States. The most recent polls have put Democrat Hillary Clinton ahead of...

  • *Doubts over OPEC producer cuts also weigh. NEW YORK, Nov 8- Oil prices were little changed on Tuesday, paring earlier gains in line with U.S. stock markets as voters head to the polls to elect the next president of the United States. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's election.

  • LONDON, Nov 8- Oil prices eased on Tuesday, paring earlier gains as voting in the U.S. presidential election got under way, in line with a retreat in U.S. stock index futures and a pickup in the dollar. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's election. Brent January crude oil futures were down 37 cents...

  • ABU DHABI, Nov 8- Failure to implement a deal agreed in Algiers in September to cut oil output would bring negative consequences to an already fragile oil industry, the secretary-general of the Organization of the Petroleum Exporting Countries said on Tuesday. Libya, Nigeria, Iraq and Iran have clamoured to be exempt from any reduction as they recover market...

  • *OPEC reiterates commitment to cut production. NEW YORK, Nov 7- Oil prices settled more than 1 percent higher on Monday, supported by news that U.S. Gains, however, were capped by a rallying dollar on Clinton's improved prospects, making greenback-denominated oil more expensive for holders of other currencies, and by doubts over OPEC's planned production cuts.

  • *OPEC reiterates commitment to cut production. NEW YORK, Nov 7- Oil prices edged higher on Monday, supported by a rebound in other asset classes after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but gains were capped by a rallying dollar and doubts over OPEC's planned production cuts. "There's a little bit less of a...

  • OPEC reiterates commitment to cut production. NEW YORK, Nov 7- Oil prices were mixed on Monday, supported by easing concerns over the economy after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but prices were pressured by a rallying dollar and doubts over OPEC's planned production cuts. "There's a little bit less of a...

  • The premium of Brent crude futures for delivery in six months over those for prompt delivery, one measure of confidence in the market outlook, on Monday shot to its largest since February, the point at which OPEC first floated the idea of a possible deal on output to erode a two-year-old global surplus. The spread, or contango, is now at $3.51 a barrel, up from $2.30 at...

  • The premium of Brent crude futures for delivery in six months over those for prompt delivery, one measure of confidence in the market outlook, on Monday shot to its largest since February, the point at which OPEC first floated the idea of a possible deal on output to erode a two-year-old global surplus. The spread, or contango, is now at $3.51 a barrel, up from $2.30 at...

  • *Oil producers plan cut following Nov. 30 OPEC meeting. LONDON, Nov 7- Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month's high due to persistent doubts over the feasibility of the group's plan. "We as OPEC, we remain committed to the Algiers accord that we... put together.

  • *Oil producers plan cut following Nov. 30 OPEC meeting. LONDON, Nov 7- Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month's high due to persistent doubts over the feasibility of the group's plan. "We as OPEC, we remain committed to the Algiers accord that we... put together.