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OPEC

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  • VIENNA, May 29- OPEC will meet next week amid rising global demand and a reduction in supply, which are both helping to support prices, two OPEC officials said after pre-meeting talks. OPEC refused to cut output at the November meeting, seeking to slow higher-cost production in the United States and elsewhere that had been eroding its market share.

  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • VIENNA, May 29- OPEC is gearing up for a meeting next week amid rising global demand and a reduction in supply, which are both helping to support prices, two OPEC officials said after pre-meeting talks. A calmer mood among delegates compared with the last OPEC meeting in November 2014 means it is likely to keep its production policies unchanged despite a...

  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • Commodities tomorrow: Record US production   Thursday, 28 May 2015 | 4:00 PM ET
    Commodities tomorrow: Record US production

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude and gas inventories were down today despite record US production.

  • US oil production hits 43-year high ahead of OPEC Thursday, 28 May 2015 | 2:17 PM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    From a supply and demand standpoint, record production in the US confirms that global supplies are ramping up in the face of lower prices.

  • OPEC not expected to cut production: Report   Thursday, 28 May 2015 | 7:37 AM ET
    OPEC not expected to cut production: Report

    John Kilduff, Again Capital, shares his outlook on oil production and prices.

  • Dollar could be getting ready to roar Thursday, 28 May 2015 | 7:30 AM ET
    Strong dollar

    With a potential Fed rate hike as a tailwind, the dollar rally looks set to resume and it could be powerful.

  • LONDON, May 28- The U.S. shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such as...

  • OPEC EXPECTS DEMAND FOR ITS CRUDE TO FALL FROM 30 MLN BPD IN 2014 TO 28.2 MLN BPD IN 2017, TO RISE TO ALMOST 40 MLN BPD BY 2040- DRAFT REPORT.

  • *Low oil prices have yet to depress non- OPEC production. A draft report of OPEC's long-term strategy, seen by Reuters ahead of the cartel's policy meeting in Vienna next week, forecast crude supply from rival non- OPEC producers would grow at least until 2017.. "Since June 2014, oil prices have experienced a significant reduction, reaching levels even lower than the...

  • OPEC SAYS' EVEN SEVERE LOW PRICE' WILL NOT RESULT IN OUTPUT CUTS FROM PRODUCING NON-OPEC FIELDS- DRAFT REPORT.

  • NON-OPEC CRUDE SUPPLY TO GROW UNTIL 2017 DESPITE OIL PRICE FALL- OPEC DRAFT LONG-TERM REPORT.

  • Commodities tomorrow: Oil continues slide   Wednesday, 27 May 2015 | 4:00 PM ET
    Commodities tomorrow: Oil continues slide

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil prices were down again today, and traders think the downward slide is likely to continue.

  • Maduro rules out dollarizing Venezuela's economy Wednesday, 27 May 2015 | 9:53 AM ET

    CARACAS, May 27- President Nicolas Maduro has ruled out dollarizing Venezuela's economy as a way to resolve the recession-hit OPEC nation's chaotic currency situation. Speculation Venezuela could adopt the U.S. currency emerged after news this month that some local divisions of foreign car companies might charge in dollars due to their difficulties in...

  • *Russia to meet OPEC next week, likely to stick to strategy. MOSCOW/ LONDON, May 27- As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output late last year even though global prices were plummeting. "If Russia cuts output, OPEC will take our market share in Europe," a team...

  • Commodities tomorrow: Oil range-bound for summer?   Tuesday, 26 May 2015 | 4:00 PM ET
    Commodities tomorrow: Oil range-bound for summer?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar and a flattening rig count number helped push down crude prices.

  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • *Dollar rally weighing on oil could run further- Morgan Stanley. *OPEC meets next week; Iran sees no output change. The dollar could rally further, Morgan Stanley said, adding to a growing list of headwinds crude faces that include rising OPEC supply.

  • May 26- A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet. About two weeks ago, Morgan Stanley analysts said an "uncanny" relationship has developed between the dollar index and benchmark...