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  • April 28- Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali al-Naimi said on Tuesday. The slide in oil prices since the middle of last year deepened after Saudi Arabia and other OPEC nations refused to cut production in November in a bid to maintain market...

  • ALGIERS, April 27- Algeria's state energy company Sonatrach has demanded its service providers cut their prices by up to 15 percent as the OPEC member country tries to ward off the impact of falling oil prices, industry sources said. The collapse in crude prices is testing Algeria's economy, which relies on energy sales for 60 percent of state revenues and to pay...

  • The main issue assumes that the iron ore miners and OPEC are in effective control of the markets in which they operate, or at least exercise a large degree of influence over them. There are probably members of OPEC that wish their market was more like iron ore, and vice versa. Unlike OPEC, the iron ore miners don't have a producers' group and would struggle against...

  • Libya shuts down El Feel oilfield - field engineer Saturday, 25 Apr 2015 | 4:25 PM ET

    TRIPOLI, April 25- Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. The OPEC producer had managed to restart the field this year after a pipeline had been blocked for months. El Feel is operated by a joint venture owned by Libya's National Oil Corp and Italy's Eni.

  • *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators in Europe and Asia also lent support to oil prices despite OPEC...

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude was on track to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels. LONDON, April 24- Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • Commodities tomorrow: Oil at its sweet spot?   Wednesday, 22 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Oil at its sweet spot?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI down after a larger-than-expected build. Traders think oil prices are in their sweet spot, she says.

  • CARACAS, April 22- Oil Minister Asdrubal Chavez led a Venezuelan delegation in Qatar for meetings with local officials on Wednesday following similar talks in Iran and Saudi Arabia on an OPEC tour seeking ways to boost crude prices, according to a government statement. So far unable to nudge Saudi Arabia and its Gulf allies into supporting supply cuts,...

  • Commodities tomorrow: Crude pulls back   Tuesday, 21 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude pulls back

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down slightly on the day as traders expect a bigger build in inventories and Saudi Arabia kept its output high.

  • *OPEC meets on June 5. KHOBAR, Saudi Arabia, April 21- Venezuela's oil minister heads a delegation to meet Saudi Arabian oil officials on Tuesday, coming from talks in Iran, in an OPEC diplomatic tour as its need for higher oil prices gains urgency. Its need for OPEC to cut supply to support prices has failed to shift the stance of Saudi Arabia and its Gulf OPEC allies,...

  • Analyst: Risk in oil continues despite rally Monday, 20 Apr 2015 | 11:59 AM ET
    A file photo shows an Iranian worker at the South Pars field in the southern Iranian port town of Asaluyeh.

    There is downside risk to oil prices in the second quarter as Saudi Arabia increases productions levels, a Barclays analyst said Monday.

  • *Current crude output at 2.85 mln bpd, says PDVSA head Del Pino. *Venezuela pins hopes on Orinoco Belt heavy-crude area. ORINOCO BELT, Venezuela, April 20- OPEC member Venezuela is currently exporting between 2.4-2.5 million barrels per day from national crude production of around 2.85 million, the head of state oil company PDVSA said.

  • Venezuela receives new $5 billion loan from China Monday, 20 Apr 2015 | 9:30 AM ET

    CARACAS, April 20- Venezuela has received a new $5 billion loan from China, President Nicolas Maduro said, part of an oil-for-loans deal that has become a key source of financing for the cash-strapped OPEC nation that is struggling with low crude prices. Under the arrangement created by late socialist leader Hugo Chavez, China provides funding for development...

  • ORINOCO BELT, Venezuela, April 19- Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies. Del Pino said he raised the idea during the Summit of the Americas in Panama earlier this month and at a...

  • Shares hit by China trading clampdown fears Friday, 17 Apr 2015 | 10:40 AM ET
    Markets volatility charts graphs

    Global equities lost ground on Friday as traders grappled with an outage of Bloomberg financial terminals and fears of a regulatory clampdown.

  • OPEC should consider return to oil quotas-delegate Friday, 17 Apr 2015 | 9:43 AM ET

    *OPEC last set quotas in 2008, not easy to revive them. LONDON, April 17- OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC delegate said. "Iraq is increasing each month and if that is so and if...

  • *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil prices eased slightly on Friday as evidence this week of rising crude supplies from OPEC members offset Middle East tensions and signs of a slowdown in U.S. output. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC production to...

  • UPDATE 4-Oil slips below $64 as ample supplies weigh Friday, 17 Apr 2015 | 5:14 AM ET

    *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. Dipping output from the United States and other rival producers due to oil prices halving since June last year, increased demand for OPEC's supplies, the...