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  • *Saudi wants non- OPEC cooperation on any output cuts. Yet Riyadh has so far opted to keep its output stable to protect market share against non- OPEC producers such as the United States- where production has soared as a result of the shale exploration boom- and Russia. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry...

  • Yet Riyadh has so far opted to keep output stable in a move to defend market share against non- OPEC producers like Russia and the United States, where production has soared as a result of the shale exploration boom. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry the burden and we refuse that OPEC bears the...

  • SEOUL, March 23- U.S. crude futures fell on Monday as Saudi Arabia's oil minister said that OPEC will not take sole responsibility for propping up the oil price, and the U.S. dollar started trade in Asia on the defensive on interest-rate uncertainty. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry the burden and we...

  • RIYADH, March 22- OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday, signaling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June. Since the oil price collapse, top OPEC exporter Saudi Arabia has said it wants non- OPEC producers to...

  • SAUDI OIL MINISTER ALI AL-NAIMI SAYS IT IS A DIFFICULT SITUATION, WE REFUSE THAT OPEC TAKES RESPONSIBLITY ALONE.

  • SAUDI OIL MINISTER DENIES "CONSPIRACY THEORY" BEHIND NOVEMBER OPEC DECISION.

  • RIYADH, March 22- Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday it would be hard for oil to reach $100- $120 per barrel- the peaks it hit last year before falling sharply due to a glut of crude and weakening demand. Last November, Organization of the Petroleum Exporting Countries kingpin Saudi Arabia persuaded members to keep production unchanged...

  • Commodities next week: Crude pops on day   Friday, 20 Mar 2015 | 4:00 PM ET
    Commodities next week: Crude pops on day

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Volatility on the day, as crude popped to close over $44.

  • US crude sees best daily gain since Feb Friday, 20 Mar 2015 | 2:41 PM ET
    Germany's Chancellor Angela Merkel speaking after a European Union leaders summit in Brussels, March 20, 2015.

    U.S. crude surged 5 percent after positive comments about Greece by German Chancellor Angela Merkel boosted the euro against the dollar.

  • March 20- The number of rigs drilling for oil in the United States continued to decline this week, falling 41 to 825, the lowest rig count in four years, oil services firm Baker Hughes said in its closely-watched survey on Friday. U.S. crude futures have dropped by about 60 percent since June due to concerns OPEC and the United States are producing too much oil while...

  • *Efforts on OPEC, Iran deal weigh on supply outlook. The leaders of Greece and Germany struck a conciliatory note over efforts to keep Greece in the euro zone, boosting the region's currency and making oil more attractive. Brent for May delivery was up 75 cents at $55.18 a barrel by 1407 GMT, after earlier hitting a session low of $53.55.

  • DUBAI/ KHOBAR, Saudi Arabia, March 20- As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude. Industry sources and analysts say the OPEC kingpin is looking beyond the halving of global oil prices since June 2014 to a time...

  • *Kuwait says OPEC must keep output steady. LONDON, March 20- Brent crude oil fell towards $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. "Oil has been under pressure following remarks by Kuwait's oil minister and the very slim chance of an...

  • *Kuwait says OPEC must keep output steady. SINGAPORE, March 20- Brent crude fell towards $54 a barrel on Friday and was on track for its third weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. High inventory in the United States, the world's largest oil consumer, also weighed on prices.

  • *Kuwait says OPEC must keep output steady. *Iraq's southern crude oil export rate up in March. SINGAPORE, March 20- Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened slightly, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.

  • *Kuwait says OPEC must keep output steady. *Iraq's southern crude oil export rate up in March. SINGAPORE, March 20- Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.

  • SINGAPORE, March 20- U.S. crude futures eased slightly on Friday but stayed near $44 a barrel, dragged down by renewed concerns about oversupply after Kuwait's oil minister said OPEC had no choice but to maintain production levels. *U.S. crude for April delivery had fallen 5 cents to $43.91 a barrel by 0039 GMT on Friday after settling down 70 cents in the previous...

  • CARACAS, March 19- China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at state oil company PDVSA said on Thursday. Fresh funds are a boon for financially squeezed Venezuela and will likely increase market confidence over the OPEC...

  • *Kuwait says OPEC must keep output steady. NEW YORK, March 19- Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally. "It's dollar play all over again today," said Phil Flynn, analyst at the Price Futures Group in Chicago.

  • Commodities tomorrow: OPEC stands firm   Thursday, 19 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: OPEC stands firm

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC said it would maintain current production levels and blames the US for the drop in price. Gold got a small bounce on the day.