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  • Oil prices fall as oversupply weighs on markets Tuesday, 2 Jun 2015 | 8:34 PM ET

    SINGAPORE, June 3- Crude oil prices fell in early Asian trading on Wednesday as oversupply weighed on markets, with OPEC not expected to announce a production cut at its meeting on Friday. Core Gulf members of the Organization of the Petroleum Exporting Countries, which controls over 40 percent of the world's crude production, have a consensus to keep the group's...

  • VIENNA, June 2- Core Gulf OPEC members and others have a consensus to keep the organization's oil production ceiling intact at its meeting this week, a senior Gulf OPEC delegate told Reuters on Tuesday, reinforcing a view among a growing chorus of members. Most members expect OPEC to stand by its decision to keep pumping out oil at current rates at its meeting on...

  • GULF AND SOME OTHER OPEC MEMBERS IN CONSENSUS ON MAINTAINING OIL OUTPUT CEILING AT MEETING- SENIOR GULF OPEC DELEGATE.

  • 'NOBODY WANTS TO ROCK THE BOAT' AT THE UPCOMING OPEC MEETING- GULF DELEGATE.

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • VIENNA, June 2- Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut. OPEC meets on Friday and is widely expected to maintain its production policy. The message will please some of the poorer OPEC members who...

  • Regardless of whether a massive global oil storage trade is rapidly unwound, world oil production has been rising much faster than consumption, feeding an unprecedented global glut on the back of booming U.S. oil output and a Saudi-led decision by OPEC to maintain high output to defend market share. Analysts from Citi said on Tuesday that given OPEC was widely...

  • VIENNA, June 2- Venezuela's oil minister Asdrubal Chavez said on Tuesday that the best way towards achieving stabilization in the oil market is through agreement and active cooperation among all exporters. In a statement ahead of Friday's meeting of the Organization of the Petroleum Exporting Countries, he also highlighted the work being undertaken at a...

  • VIENNA, June 2- Angolan Oil Minister Jose Botelho de Vasconcelos said on Tuesday that $80 per barrel may be the right price for crude and that he would like oil prices to rise. Brent crude oil for July was up 40 cents at $65.28 a barrel by 1030 GMT. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Friday in Vienna to decide on production...

  • *OPEC expected to keep output target unchanged. LONDON, June 2- Oil prices rose on Tuesday as the dollar weakened and on expectations that OPEC producers would maintain their group production target at its current level and resist pressure for an increase. Brent crude oil for July was up 70 cents at $65.58 a barrel by 0900 GMT.

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices rose on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • DUBAI, June 2- Iran will try to persuade OPEC countries to reverse production increases they implemented to fill a gap left by sanctions on Iran, the country's OPEC delegate Mehdi Asali was quoted as saying, ahead of a potential nuclear deal that could see sanctions lifted. "Production decreases for those countries which raised their production during Iran's...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices edged up on Tuesday due to firm demand after dipping in earlier trade on expectations that OPEC would not cut output at its meeting this week. "OPEC meets on Friday and is in no mood to cut output, Energy Aspects said on Tuesday.

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil prices stabilized on Tuesday due to firm demand after dipping in early trade on expectations that OPEC would not cut output at its meeting this week. The Organization of the Petroleum Exporting Countries meets this Friday in Vienna to discuss its production strategy, with U.S. bank...

  • Indonesia to seek oil supply deals at OPEC meeting Monday, 1 Jun 2015 | 11:45 PM ET

    JAKARTA, June 2- Indonesia will meet with Middle East oil producers on the sidelines of an OPEC meeting in Vienna this week to negotiate possible long-term crude supply agreements for its refineries, a senior government official said. The Southeast Asian country, which is considering asking to rejoin the Organization of the Petroleum Exporting Countries...

  • *OPEC not expected to announce output cut this week. SINGAPORE, June 2- Crude oil dipped on Tuesday on expectations that OPEC would not cut output at its meeting this week, but firm refinery demand curbed price losses. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank said on Tuesday.

  • *OPEC output boosted by rising Iraq exports. SINGAPORE, June 2- Crude oil dipped on Tuesday on expectations of rising OPEC output and a potential increase in U.S. shale production, but analysts said that strong refinery demand was preventing further price falls. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the...

  • SINGAPORE, June 2- Crude oil prices dipped in early Asian trading on Tuesday as an expectation of rising OPEC output and a potential increase in U.S. shale production following price rises earlier this year put pressure on markets. "Investors remained cautious heading into the OPEC... meeting this Friday, with Brent coming under the most selling pressure," ANZ bank...

  • Why June could be a turning point for markets Monday, 1 Jun 2015 | 4:59 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Even beyond talk of a "June swoon," an unusual number of major events makes this month a critical time for markets.