World Economy International Organizations

  • CARACAS, Aug 10- Venezuelan crude production was down 0.25 percent in June, compared to the previous month, at 2.364 million barrels per day, according to Venezuelan data published by the Organization of the Petroleum Exporting Countries. The decline in Venezuela's production is in contrast to that of OPEC, which in July hit a peak. In its monthly report, OPEC said...

  • MUSCAT, Aug 10- Oman will not participate in a meeting of oil producers and consumers in Algeria next month as it is disappointed by the group's failure to address the issue of low oil prices, Minister of Oil and Gas Mohammad bin Hamad al-Rumhy said on Wednesday. Qatar said on Monday that OPEC members had agreed to hold talks on the sidelines. Oman, a small non- OPEC oil...

  • *Saudi Arabia produces oil at record level in July- OPEC. Top exporter Saudi Arabia boosted its oil output to a record high in July of 10.67 million barrels-per-day, it told the Organization of the Petroleum Exporting Countries. OPEC said in its monthly oil report citing secondary sources its crude output, including Gabon, rose to 46,000 bpd in July to 33.11...

  • *Saudi Arabia produces oil at record level in July- OPEC. Top exporter Saudi Arabia boosted its oil output to a record high in July of 10.67 million barrels-per-day, it told the Organization of the Petroleum Exporting Countries. OPEC said in its monthly oil report citing secondary sources its crude output, including Gabon, rose to 46,000 bpd in July to 33.11...

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said. Venezuela, a member of the Organization of the Petroleum Exporting Countries, is trying to drum up support for a producer meeting to decide measures that would buoy oil prices. When producers last held such talks in April, OPEC members failed to...

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said. Venezuela, a member of the Organization of the Petroleum Exporting Countries, is trying to drum up support for a producer meeting to decide measures that would buoy oil prices. When producers last held such talks in April, OPEC members failed to...

  • *Venezuela calls for producer meeting to prop up oil prices. West Texas Intermediate crude oil futures were trading at $42.43 per barrel at 0657 GMT, down 34 cents from their last settlement, or 0.79 percent. "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors.

  • *Venezuela calls for producer meeting to prop up oil prices. West Texas Intermediate crude oil futures were trading at $42.43 per barrel at 0657 GMT, down 34 cents from their last settlement, or 0.79 percent. "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors.

  • *Venezuela relies heavily on oil export revenues. CARACAS, Aug 10- Venezuela on Tuesday said it was trying to rally support for a meeting of oil producers to agree measures to prop up oil prices, the struggling Latin American country's biggest source of income. Venezuela, a member of the Organization of the Petroleum Exporting Countries, is suffering from an...

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors. "We are actively promoting a meeting of producers, which we estimate could take place in the coming weeks, so that OPEC and non- OPEC countries can sit down to see what the scenario for the winter looks like," its oil minister Eulogio del Pino said this week.

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors. "We are actively promoting a meeting of producers, which we estimate could take place in the coming weeks, so that OPEC and non- OPEC countries can sit down to see what the scenario for the winter looks like," its oil minister Eulogio del Pino said this week.

  • "Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors. "We are actively promoting a meeting of producers, which we estimate could take place in the coming weeks, so that OPEC and non- OPEC countries can sit down to see what the scenario for the winter looks like," its oil minister Eulogio del Pino said this week.

  • NEW YORK, Aug 9- Oil futures settled 1 percent lower on Tuesday as worries about a stubborn global petroleum glut offset forecasts for a weekly drop in U.S. crude inventories. Prices lost the previous day's upward momentum as speculation fizzled that the Organization of the Petroleum Exporting Countries and other oil producers would embark on another round of...

  • Speculation on a potential meeting on market cooperation between the Organization of the Petroleum Exporting Countries and other oil producers also fizzled after disinterest shown by non- OPEC member and top oil exporter Russia, traders said. Brent crude was down 19 cents, or 0.4 percent, at $45.20 a barrel by 10:52 a.m. EDT. The American Petroleum Institute, a...

  • *Venezuela talks up prospect of OPEC, non- OPEC meeting. *Russia sees no grounds for new talks with OPEC yet. Brent crude for October was up 7 cents at $45.46 a barrel by 1341 GMT, after rising $1.12 on Monday.

  • *Venezuela talks up prospect of OPEC, non- OPEC meeting. *Russia sees no grounds for new talks with OPEC yet. Brent crude for October was down 29 cents at $45.10 a barrel by 1252 GMT, after rising $1.12 on Monday.

  • MUMBAI, Aug 9- Conducting his last policy review on Tuesday as head India's central bank, Raghuram Rajan kept key interest rates unchanged to cool inflation running near two year highs, while urging the government to form a panel for the next review in October. The much admired former International Monetary Fund chief economist is due to step down as RBI governor...

  • *Venezuela talks up prospect of OPEC, non- OPEC meeting. *Russia sees no grounds for new talks with OPEC yet. Brent crude for October was up 13 cents at $45.52 a barrel by 1042 GMT, after rising $1.12 on Monday.

  • *Venezuela talks up prospect of OPEC, non- OPEC meeting. *But Russia sees no grounds for new talks with OPEC yet. Brent crude for October was down 35 cents at $45.04 a barrel by 0828 GMT, after rising $1.12 on Monday.

  • *Venezuela says OPEC, non- OPEC nations may meet in coming weeks. Venezuelan Oil Minister Eulogio del Pino said on Monday that a meeting between OPEC and non- OPEC countries may take place "in the coming weeks" as the crisis-stricken South American nation sought support to prop up weak oil markets. Some OPEC officials have said a global oil output freeze could be...