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Business Algeria

  • *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.

  • 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...