GO
Loading...

OPEC

More

  • *Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low close to $98 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude and U.S. product stocks jumped.

  • *Saudi says cuts output, but overall OPEC supply rises. LONDON, Sept 10- Oil dropped to a 17- month low below $99 a barrel on Wednesday as rising supplies and weak demand helped extend losses into a fifth session, while OPEC lowered the projected demand for its crude.

  • LONDON, Sept 10- Top oil exporter Saudi Arabia told OPEC it reduced its oil output in August by 400,000 barrels per day, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

  • LONDON, Sept 10- Top oil exporter Saudi Arabia told OPEC it reduced its oil output in August by 400,000 barrels per day, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil continues its move lower. And nat gas popped about 3 percent today. Gold was down, as well.

  • SINGAPORE, Sept 9- Brent crude eased for a fourth straight session on Tuesday but held above $100 a barrel after dropping below that level on the previous day for the first time in 16 months, with prices supported by hopes of production cuts by OPEC.

  • SINGAPORE, Sept 9- U.S. crude futures rose above $93 a barrel on Tuesday, after falling for the past three sessions, amid hopes for a drop in inventories in the world's top oil consumer while fear of OPEC output cuts also underpinned prices. *U.S. crude was up 43 cents at $93.09 by 0119 GMT, after closing down 63 cents at $92.66 a barrel on Monday.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar got stronger and commodities prices were lower, as a result.

  • NEW YORK, Sept 8- Brent crude fell below $100 a barrel on Monday, the first time in 16 months, before returning to close in three-digit territory but down on the day as fear of OPEC output cuts helped the market recover from weak Chinese and U.S. data.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday adds to financial worries for OPEC members, prompting some in the producer group to voice concern about too much oil in the market even if they see the current fall as short lived.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil in the market.

  • OPEC unfazed by oil's drop below $100 - sources Monday, 8 Sep 2014 | 6:12 AM ET

    DUBAI/ LONDON, Sept 8- OPEC members seemed unconcerned by a slide in oil prices below $100 a barrel on Monday, with two officials from the producer group saying winter demand in coming weeks should support the market. Top OPEC exporter Saudi Arabia favours oil at $100, which many others in the 12- member group also support.

  • *Brent trades below $100 for first time since June 2013. LONDON, Sept 8- Brent crude oil fell below $100 a barrel for the first time in 14 months on Monday as Chinese and U.S. data pointed to slower-than-expected growth in the world's top oil consumers. Saudi Arabia and other OPEC producers have said they prefer oil above $100.

  • *Brent trades below $100 for first time since June 2013. LONDON, Sept 8- Brent crude oil fell below $100 a barrel for the first time in 14- months on Monday as Chinese and U.S. data pointed to slower-than-expected growth in the world's top oil consumers. Saudi Arabia and other OPEC producers have said they prefer oil above $100.

  • Commodities Next Week: Supply in good shape     Friday, 5 Sep 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Draghi's rate cutting and stimulus sent the dollar higher, and commodities felt the pressure. Oil was down on the day, and AAA says gas prices could fall below $3/gallon. Gold closed lower as well.

  • Commodities tomorrow: Waiting for Mario     Wednesday, 3 Sep 2014 | 3:47 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Metals and energy rebounded today. Gold closed over $1270. Oil was up a bit on the day, after taking it on the chin yesterday.

  • CARACAS, Sept 2- Venezuelan President Nicolas Maduro on Tuesday pushed Rafael Ramirez from his twin posts as oil minister and a chief of state oil firm PDVSA in a cabinet shake-up that opposition critics said fell short of the overhaul needed to reverse the OPEC nation's economic decline.

  • Commodities tomorrow: Dollar up, oil down     Tuesday, 2 Sep 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The dollar soared and commodities took a big hit today.

  • *Weak factory data in China, Europe raise oil demand concerns. SINGAPORE, Sept 2- Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest in OPEC oil producer Libya kept losses in check.