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OPEC

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  • Commodities tomorrow: Crude ends up   Tuesday, 12 May 2015 | 4:00 PM ET
    Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC rebuffed the WSJ report saying prices would stay low. And fighting continued in Yemen.

  • UPDATE 9-Oil up about 3 pct; volatility threatens Tuesday, 12 May 2015 | 1:12 PM ET

    NEW YORK, May 12- Oil prices jumped about 3 percent on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth. Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies. Saudi-led air strikes aimed at Iran- allied Houthis hit on a...

  • NEW YORK, May 12- The U.S. government on Tuesday lowered its 2015 and 2016 crude oil production growth forecasts amid lower prices and fewer active drilling rigs. OPEC cut its forecast for the growth in U.S. oil output this year by 40,000 bpd to 700,000 bpd. It left the estimate for all non- OPEC countries' supply growth unchanged.

  • NEW YORK, May 12- Oil prices jumped on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth. Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies. Saudi-led air strikes aimed at Iran- allied Houthis hit on a rocket base in...

  • Sees slightly higher demand for OPEC oil in 2015. LONDON, May 12- OPEC said its oil output rose further in April, keeping an excess supply in the market despite stronger demand and signs the producer group's strategy of letting prices fall to hurt other producers is taking effect. Last year, OPEC refused to cut its output despite the price collapse, seeking to...

  • BRENT CRUDE UP $2 A BARREL AS MARKET EXTENDS RALLY ON OPEC DEMAND FORECAST, WEAK DOLLAR.

  • Global oil demand expectations rise: OPEC Tuesday, 12 May 2015 | 11:41 AM ET
    A worker at the Nahr Bin Umar field, Iraq.

    In a monthly report released Tuesday, OPEC raised its 2015 global demand growth forecast to 1.18 million barrels per day.

  • CRUDE PRICES EXTEND GAINS AFTER OPEC RAISES WORLD OIL DEMAND GROWTH FORECAST.

  • Here’s why Iran and Iraq should worry OPEC Tuesday, 12 May 2015 | 6:01 AM ET
    Oil Iraq OPEC

    The only languages that really count at this summer's OPEC meeting will be Arabic, Farsi, Kurdish and money.

  • Commodities tomorrow: Arctic goes to Shell   Monday, 11 May 2015 | 4:00 PM ET
    Commodities tomorrow: Shell to drill the Arctic

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, as the dollar strengthened and a new OPEC report said the cartel was looking at prices under $100 for the long term.

  • $100 oil not entirely off the table: Strategist Monday, 11 May 2015 | 3:44 PM ET
    A worker walks at Nahr Bin Umar oil field, Iraq, Nov. 23, 2014.

    OPEC may think that oil will stay under $100 a barrel for the next decade but two pros say this is what can push crude back to that level.

  • DUBAI, May 11- A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute. Production from the onshore fields in the Neutral Zone between Saudi Arabia and Kuwait was about 190,000 barrels per day, the source said.

  • CNBC update: OPEC's oil outlook   Monday, 11 May 2015 | 10:30 AM ET
    CNBC update: OPEC's oil outlook

    OPEC says oil will stay below $100 a barrel for the next decade, and severe storms ripped through parts of Texas Sunday night, reports CNBC's Morgan Brennan.

  • OPEC does not expect oil prices to consistently trade at $100 barrel again in the next decade, an assessment that has the group considering the return of production limits, the Journal said. OPEC decided against cutting output in November, despite a huge oversupply in world markets. The report recommends that OPEC return to a production quota system that it...

  • OPEC: Oil prices to stay below $100 for next decade Monday, 11 May 2015 | 9:08 AM ET
    The oil ministers of Qatar, Saudi Arabia and the United Arab Emirates attend the opening session of the Arab Energy Conference in Abu Dhabi.

    Oil prices will remain below $100 a barrel until at least 2025, according to a draft report by OPEC, seen by The Wall Street Journal.

  • DUBAI, May 11- A jointly operated onshore oilfield between Saudi Arabia and Kuwait will be shut for two weeks of maintenance, a Kuwaiti industry source said on Monday, a move apparently aimed to give the Gulf OPEC allies more time to solve a long-standing dispute. "It is planned maintenance starting from tonight or tomorrow," the source said, adding that total...

  • Commodities tomorrow: Profit taking in crude   Thursday, 7 May 2015 | 4:00 PM ET
    Commodities tomorrow: Profit taking in crude

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed under $59/barrel on profit taking.

  • *OPEC will likely stick to market share at June meeting- delegate. NEW YORK, May 7- Oil prices tumbled 3 percent on Thursday as a resurgent dollar erased gains from the past two sessions, setting the market up for its first weekly loss in five. "The dollar is definitely the driver in today's tumble, though people are also taking stock of the market's fundamentals and...

  • *OPEC will likely stick to market share at June meeting- delegate. NEW YORK, May 7- Oil fell 2 percent on Thursday, wiping out gains from the past two sessions, as euphoria from the first U.S. inventory drawdown in months faded and focus returned to oversupplies in crude and gasoline. Brent futures were down $1.56 at $66.21 a barrel by 11:10 a.m. EDT, losing all they...

  • *OPEC will not cut output alone- Gulf delegate. LONDON, May 7- Brent crude oil retreated below $67 a barrel on Thursday as ample supplies weighed on prices and the impact faded of the first drawdown in U.S. crude inventories since January. Brent crude was down 97 cents a barrel at $66.80 by 1353 GMT.