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Business Algeria

  • *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.

  • *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 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 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...