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Business Algeria

  • *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.

  • SINGAPORE, Nov 7- Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers' club OPEC that it was committed to a deal made in September to cut output in order to prop up the market. "We as OPEC we remain committed to the Algiers accord that we... put together. All OPEC 14 we remain committed to the implementation, "Mohammed Barkindo told...

  • SINGAPORE, Nov 7- Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers' club OPEC that it was committed to a deal made in September to cut output in order to prop up the market. "We as OPEC we remain committed to the Algiers accord that we... put together. Despite these statements, many analysts doubt that OPEC and other producers outside...

  • NEW YORK, Nov 4- Oil futures on Friday fell by their biggest weekly percentage decline since January of around 9 percent as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact. Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil...

  • At a meeting of OPEC experts last week, Riyadh threatened to raise oil output steeply to bring prices down if Tehran refused to limit its production, a source from the Organization of the Petroleum Exporting Countries told Reuters. A Gulf OPEC source, however, said Saudi Arabia "did not threaten" anyone with production increases at an OPEC experts meeting last...

  • LONDON, Nov 4- Oil futures were on course for their sixth straight day of falls on Friday as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact while a surge in U.S. crude inventories and muted demand continued to weigh. At a meeting of OPEC experts last week, Riyadh threatened to raise oil output steeply to bring...

  • LONDON, Nov 4- Oil futures were on course for their sixth straight day of falls on Friday as signs of tensions resurfaced between Saudi Arabia and Iran that could scupper a key supply cut pact while a surge in U.S. crude inventories and muted demand continued to weigh. At a meeting of OPEC experts last week, Riyadh threatened to raise oil output steeply to bring...

  • NEW YORK, Nov 3- Oil prices settled down more than 1 percent on Thursday as investors reeled from a record weekly surge in U.S. crude inventories, and remained skeptical about whether OPEC can actually implement its planned output cap. U.S. crude fell 68 cents, or 1.5 percent, to settle at $44.66 per barrel. At one point, oil had fallen more than $1 a barrel and hit a...

  • The market remains weighed down by record output from the world's largest exporters, and mounting uncertainty that OPEC and its rivals can do much to tackle a two-year global surplus. "But Brent has fallen back to the lowest since the meeting in Algiers and basically, most, if not all of the OPEC premium has been wiped out and speculators are still very long in crude...

  • The market remains weighed down by record output from the world's largest exporters, and mounting uncertainty that OPEC and its rivals can do much to tackle a two-year global surplus. "But Brent has fallen back to the lowest since the meeting in Algiers and basically, most, if not all of the OPEC premium has been wiped out and speculators are still very long in crude...

  • However, with Iraq joining Iran, Libya and Nigeria in seeking an exemption from cutting output, analysts are skeptical the various OPEC members can reach a consensus. "New puzzle pieces are being revealed at every turn, puncturing the well-crafted impression of a unified OPEC cartel," OCBC Bank analyst Barnabas Gan said in a note. Iraq has asked to be excused from...

  • *Russia willing to freeze output if OPEC cuts- sources. VIENNA, Oct 29- Officials from OPEC and non-member oil producing countries met on Saturday aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agreed on how to implement the deal. "Today we will discuss the recognized positions of countries, first of all the OPEC...

  • VIENNA, Oct 29- Officials from OPEC and non-member oil producing countries met on Saturday aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agreed on how to implement the deal. "Today we will discuss the recognized positions of countries, first of all the OPEC countries," Azerbaijan's energy minister Natig Aliyev...

  • VIENNA/ DUBAI, Oct 28- OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks on Friday, amid objections by Iran which has been reluctant to even freeze its output, OPEC sources said. The High Level Committee of experts will meet again in Vienna on Nov. 25 ahead of the next meeting of...

  • VIENNA/ DUBAI, Oct 28- OPEC officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks, amid objections by Iran which has been reluctant to even freeze its output, OPEC sources said. The High Level Committee of experts will meet again in Vienna on Nov. 25 ahead of the next meeting of OPEC...

  • VIENNA/ DUBAI, Oct 28- OPEC officials meeting in Vienna on Friday to work out the details of their plan to reduce oil production had yet to reach agreement after hours of talks, amid objections by Iran which has been reluctant to even freeze its output, OPEC sources said. "There is no agreement yet, all agree except Iran," one OPEC source said, adding Iran was asking for an...

  • VIENNA, Oct 28- OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives- officials who report to their respective ministers.

  • VIENNA, Oct 28- OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives- officials who report to their respective ministers.

  • VIENNA, Oct 28- OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives- officials who report to their respective ministers.