GO
Loading...

OPEC

More

  • TRIPOLI, Feb 10- Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that threatened to further cut the OPEC country's petroleum production that is already battered by factional fighting over two export terminals. The threat to shut down Hariga port illustrated the fragility of oil shipments from Libya, where two rival governments and...

  • LONDON, Feb 10- The head of top Russian oil producer Rosneft on Tuesday criticized OPEC policy and warned lower oil output as a result of falls in crude prices may lead to a supply shortage as early as the fourth quarter. Igor Sechin, speaking at the International Petroleum Week industry forum in London, said producer group OPEC had "lost its teeth" and its policy had...

  • UPDATE 1-U.S. oil output "party" to last to 2020-IEA Tuesday, 10 Feb 2015 | 6:34 AM ET

    *OPEC crude demand to rise in 2016, won't regain pre-2008 level. LONDON, Feb 10- The United States will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth. But IEA Executive Director Maria van der Hoeven,...

  • Cheap oil will be good for equities, growth  Tuesday, 10 Feb 2015 | 5:00 AM ET

    Ken Kamen, president at Mercadien Asset Management, talks about the U.S. markets in terms of the low oil price.

  • U.S. oil output "party" to last to 2020-IEA Monday, 9 Feb 2015 | 8:00 PM ET

    *Russia to be oil industry's "top loser" in medium term-IEA. *Demand for OPEC crude to rise in 2016, steady in 2015. LONDON, Feb 10- The United States will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.

  • NEW YORK, Feb 9- Stock indexes worldwide slipped on Monday on fears of Greece leaving the euro zone and concerns over conflict in Ukraine, while oil prices surged after an optimistic demand forecast from OPEC. Tensions rose further on Monday after European Commission President Jean-Claude Juncker said Greeks should not expect the euro zone to accept the...

  • Commodities tomorrow: Citi vs. OPEC  Monday, 9 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC says lower prices will hurt US producers, forcing countries to buy Middle Eastern oil. And Citi says oil could fall to $20.

  • Feb 9- Standard& Poor's cut the ratings and outlook of several oil producing countries in the Middle East, including Saudi Arabia and Bahrain, citing the recent sharp decline in oil prices. Oil producers' organization OPEC, which counts Saudi Arabia as one of its prominent members, decided late last year to maintain its output despite slowing demand.

  • OPEC hikes demand forecast  Monday, 9 Feb 2015 | 1:11 PM ET

    What's moving oil prices? CNBC's Jackie DeAngelis reports OPEC has raised its demand forecast, and seasonal factors are taking gas prices higher.

  • *Oil rises on OPEC forecast of greater demand, less supply. NEW YORK, Feb 9- Stock indexes worldwide slipped on Monday after weaker-than-expected Chinese trade data and on uncertainty about Greece's position in the eurozone, while oil prices rose after an optimistic demand forecast from OPEC. Tensions rose further on Monday after European Commission...

  • Drilling rig count in focus  Monday, 9 Feb 2015 | 10:20 AM ET

    Oil prices jumped after OPEC cut its forecast for non-OPEC oil supply growth. Michael Cohen, Barclays analyst, discusses the impact of lower rig count on oil price.

  • *OPEC sees increased demand for its oil in 2015. *Cartel also slashes forecast for non- OPEC supply. NEW YORK, Feb 9- Oil rose for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply as well from countries outside the group.

  • *OPEC slashes forecast for non- OPEC supply growth by third. Forecast demand for OPEC oil revised sharply higher. LONDON, Feb 9- OPEC forecast on Monday that demand for its oil this year would be much higher than previously thought, as its strategy of letting prices fall to hurt other producers begins to take effect.

  • *OPEC sees increased demand for its oil in 2015. LONDON, Feb 9- Brent crude prices rose above $58 a barrel on Monday after OPEC forecast demand for its oil would be greater than expected in 2015 and the number of U.S. oil rigs hit a three-year low. In a monthly report issued on Monday, OPEC also slashed its forecast for the rate of growth in non- OPEC supply, citing a slowdown...

  • LONDON, Feb 9- Latin America's oil producers have become caught in the crossfire between OPEC and the North American shale drillers. The number of active land rigs has fallen sharply in OPEC members Ecuador and Venezuela as well as non-OPEC Bolivia, Colombia and Mexico. Even OPEC producers such as Petroleos de Venezuela and Petroecuador are being forced to cut...

  • LONDON, Feb 9- OPEC sharply raised its forecast of demand for its own oil in 2015, saying the halving in prices since June would slow production in the United States and other countries much faster than previously thought. OPEC slashed its forecast for the rate of growth in non- OPEC supply by 420,000 bpd from last month's report to 850,000 bpd, partly due to a...

  • LONDON, Feb 9- OPEC sharply raised a forecast of demand for its own oil in 2015, saying the halving in prices since June would slow production in the United States and other countries faster than previously thought. OPEC slashed its forecast for the rate of growth in non- OPEC supply by 420,000 bpd from last month's report to 850,000 bpd, partly due to a slowdown in...

  • Oil will fall further for longer: Expert  Sunday, 8 Feb 2015 | 10:46 PM ET

    Warren Gilman, chairman & CEO of CEF Holdings, expects oil prices to resume declines soon as supply isn't showing any signs of fading amid tepid demand.

  • Commodities next week: Crude up, nat gas down  Friday, 6 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude finished up for the week as refinery strikes continued.

  • Where are oil prices headed from here? Friday, 6 Feb 2015 | 2:27 PM ET
    Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep-sea oil platform in the waters off Veracruz, Mexico, Aug. 30, 2013.

    Have oil prices bottomed? As CNBC Explains, it's anybody's guess.