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OPEC

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  • 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,...

  • SINGAPORE, June 16- Brent crude oil prices dipped in early Asian trade on Tuesday as strong global output stoked worries about oversupply, while U.S. contracts were supported as a tropical storm hit the coast of oil-producing Texas. "Rising OPEC supplies are negating some of the supportive influence from unpredictable geopolitical flare-ups in the Middle...

  • Commodities tomorrow: Storm in the Gulf Monday, 15 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Storm in the Gulf

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude declined on the day and is still stuck around the $60/barrel mark. And traders are watching a brewing storm in the Gulf of Mexico.

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Oil prices fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. The weak July Brent expiration also...

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Crude oil fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. Brent has fallen from a high above $66 last...

  • *Yemen talks start as Saudi-led warplanes strike capital. NEW YORK, June 15- Crude oil fell on Monday as the Greek debt crisis boosted the dollar and raised concerns about demand for petroleum in Europe, and as the U.N. started talks to try to bring peace to Yemen, where OPEC heavyweight Saudi Arabia is involved in a civil war. Brent has fallen from a high above $66 last...

  • *Commerzbank sees Brent in range $60 to $65. LONDON, June 15- Oil prices fell on Monday as the Greek debt crisis helped boost the dollar, making fuel more expensive to holders of other currencies, and as United Nations talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war. Production has been increasing in top OPEC...

  • If Saudi raises output, markets will shrug it off: Pro Sunday, 14 Jun 2015 | 10:37 PM ET
    If Saudi raises output, markets will shrug it off: Pro

    Andrew Su, CEO of Compass Global Markets, says markets have priced in the possibility of Saudi Arabia increasing its production so it is unlikely for oil prices to fall below $50 a barrel.

  • Treasurys turn flat, paring Greece-related gains Friday, 12 Jun 2015 | 2:18 PM ET
    A trader signals an offer in a Treasury note options pit at the CME Group in Chicago.

    Treasurys rose with longer-dated yields retreating further from seven-month highs as concerns about a Greek default spurred safety bids.

  • Outflows from energy ETPs continue in May -BlackRock Friday, 12 Jun 2015 | 10:27 AM ET

    Some $540 million exited energy ETPs globally last month, following net withdrawals of $1.2 billion in April, data from asset manager BlackRock showed. "The gains were getting a bit ahead of themselves given the elevated inventory levels," said Martin Arnold, global commodity and FX strategist at ETF Securities, an issuer of ETPs. He noted that OPEC had not cut...

  • Why Saudi Arabia wants to raise oil output Thursday, 11 Jun 2015 | 7:31 PM ET
    Why Saudi Arabia wants to raise oil output

    Stephen Schork, editor at The Schork Report, says the comments from Saudi Arabia about raising oil demand is related to the "price war" with Iran, instead of a recovery in global economy.

  • Commodities tomorrow: Profit taking after yesterday's pop

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Profit taking on the day drove oil down a bit.

  • *IEA sees higher 2015 demand growth than OPEC, U.S. govt. *Sees OPEC output staying high, lifts non- OPEC supply view. The Paris- based agency also pointed to "exceptionally high" growth in global supplies, forecasting OPEC crude production would remain near May's multi-year high and boosting its projection of supplies this year from other producers.

  • UPDATE 1-World oil demand jumps after price slump - IEA Thursday, 11 Jun 2015 | 4:48 AM ET

    *IEA sees higher 2015 demand growth than OPEC, U.S. govt. *Sees OPEC output remaining high, lifts non- OPEC supply view. Prices collapsed from $115 in June 2014 in a decline that deepened after OPEC refused to prop them up and chose instead to defend market share.

  • World oil demand jumps after price slump - IEA Thursday, 11 Jun 2015 | 4:00 AM ET

    Prices collapsed from $115 in June 2014 in a decline that deepened after OPEC refused to prop up prices and chose instead to defend its market share. And the IEA raised its forecast of supply growth from non- OPEC producers this year by 195,000 bpd to 1 million bpd, citing an upward revision to U.S. data and fewer summer maintenance shutdowns in other regions.

  • Commodities tomorrow: Crude stays in range Wednesday, 10 Jun 2015 | 4:00 PM ET
    Commodities tomorrow: Crude stays in range

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude inventories were down, but U.S. production was up.