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OPEC

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  • *OPEC output at three-year highs in June- Reuters survey. The dollar's rally on Greece's debt default, Iran's renewed efforts to reach a nuclear deal with the West to freely resume its crude exports, and signs of OPEC output at three-year highs, further weighed on the market. But the overall feel is that we have more than enough crude and the market could be in a...

  • *OPEC output rises to three-year high. LONDON, July 1- Oil fell to trade further below $63 a barrel on Wednesday after U.S. crude inventories unexpectedly rose, the latest sign of a supply glut that may increase if Iran reaches a nuclear deal with world powers. "The oil market is being literally flooded with OPEC crude oil at present," said Carsten Fritsch, analyst at...

  • *OPEC, U.S. output rises to multi-year highs. LONDON, July 1- Oil fell below $63 a barrel on Wednesday after Greece defaulted on its debt to the International Monetary Fund while U.S. and OPEC production hit new highs, prompting concern about risks to the economic outlook and ample supply. "The oil market is being literally flooded with OPEC crude oil at present," said...

  • *Greece not able to repay 1.6 bln euros owed to IMF. *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell over 1 percent on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund, and as both U.S. and OPEC production hit new records.

  • QUITO, June 30- Ecuador's economy grew 3 percent in the first quarter compared with the same period last year and was fueled by the non-oil sector, the central bank said on Tuesday. In 2014, Ecuador's economy grew 3.5 percent in the first quarter from the year-ago period. Ecuador is the smallest member of OPEC and depends heavily on oil and mining.

  • *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached...

  • *Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...

  • Commodities tomorrow: OPEC market share shrinks Thursday, 25 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: OPEC market share shrinks

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Commodities tomorrow: Rising US production ... again Wednesday, 24 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Rising US production ... again

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • This ‘crash’ is great news for investors Wednesday, 24 Jun 2015 | 12:27 PM ET

    Volatility has suffered a "rolling crash" of late. That's not great for traders, but investors should cheer.

  • Commodities tomorrow: Gas prices flat Tuesday, 23 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Gas prices flat

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Optimism out of Greece and strong numbers out of Europe pushed crude higher on the day.

  • Commodities tomorrow: Crude closes up Monday, 22 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Crude closes up

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A down day turned around after a Taliban attack in Afghanistan.

  • Hesitant to lift export oil ban: John Kilduff Monday, 22 Jun 2015 | 8:43 AM ET
    Hesitant to lift export oil ban: John Kilduff

    John Kilduff, Again Capital, shares his thoughts on why he has misgivings about exporting U.S. oil.

  • BISMARCK, N.D., June 19- OPEC's decision this month to maintain existing oil output will fail to push rival producers out of the market because rising global crude demand should soon lift prices and boost drilling activity, North Dakota Governor Jack Dalrymple said. Since November, the Saudi Arabian-led cartel has held to a policy of unconstrained output, an...

  • Commodities tomorrow: Crude crosses $60 Thursday, 18 Jun 2015 | 3:45 PM ET
    Commodities tomorrow: Crude crosses $60

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar moved on yesterday's Fed meeting and that helped crude prices head higher.

  • Saudi Arabia is the top producer in the Organization of the Petroleum Exporting Countries and the world's top oil exporter, while Russia, which is not an OPEC member, is the second biggest oil supplier to the global markets. Russia has stepped up contacts with OPEC after oil prices plunged last year, but it has dismissed any suggestion it might cut output to prop up...

  • Commodities tomorrow: Crude below $60 again Wednesday, 17 Jun 2015 | 3:36 PM ET
    Commodities tomorrow: Crude below $60 again

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude fell below $60 today, after inventory numbers showed a build in gasoline.

  • MARACAIBO, Venezuela, June 17- Venezuelan state oil company PDVSA and Rosneft are negotiating a financing deal under which the Russian oil major could lend its South American counterpart $5 billion, a source close to the negotiations said on Wednesday. Rosneft is seeking to heighten its international presence and sees Venezuela, an OPEC member, as a stepping...

  • Commodities tomorrow: Trop Storm Bill could disrupt Tuesday, 16 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Trop Storm Bill could disrupt

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude climbed to around $60/barrel, as gas prices rose on Tropical Storm Bill in the Gulf of Mexico.

  • Venezuela oil minister sees price rise by end of year Tuesday, 16 Jun 2015 | 12:06 PM ET

    MARACAIBO, Venezuela, June 16- Venezuela's Oil Minister Asdrubal Chavez predicted on Tuesday that crude prices will rise by the end of the year, and called for continued cooperation between OPEC and non- OPEC producers. "We think the market is going to balance towards the end of the year, and we will see a recovery of prices," Chavez told an oil conference in Maracaibo,...