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World Economy International Organizations

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. U.S. benchmark West Texas Intermediate crude futures...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil traded slightly lower on Friday, but was still on track for its biggest annual gain since 2009, after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. Or 0.3 percent, at $53.59 a barrel by 1:09 p.m. EST, while Brent...

  • Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices were down on Friday, but were still on track for their biggest annual gain since 2009 after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.

  • Crude oil output cuts announced by OPEC, stronger-than-expected demand in top commodities market China and expectations of higher infrastructure spending in the United States after the victory of Republican candidate Donald Trump all boosted prices. Looking forward, oil prices should gradually rise towards $60 a barrel by end-2017, a Reuters survey...

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 15 cents or 0.3 percent at $53.92 at 0408 GMT.

  • *OPEC, non- OPEC monitoring group meet in Vienna Jan. 21-22. U.S. light, sweet crude was down 37 cents at $53.69 by 12:02 p.m. ET while North Sea Brent crude was down 17 cents at $56.05 a barrel. Both crude oil benchmarks have made big gains this month, touching year-to-date highs after OPEC and other producers agreed to curb production in an attempt to balance an...

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light, sweet crude was down 16 cents at $53.90 by 10:21 a.m. ET while North Sea Brent crude was up 12 cents at $56.34 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an over-supplied fuel market.

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light crude was down 15 cents at $53.91 by 1435 GMT while North Sea Brent crude was up 10 cents at $56.32 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an over-supplied fuel market.

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light crude was down 5 cents at $54.01 by 1320 GMT, while North Sea Brent crude was up 25 cents at $56.47 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an over-supplied fuel market.

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light crude was down 20 cents at $53.86 by 1130 GMT, while North Sea Brent crude was up 5 cents at $56.27 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an oversupplied fuel market.

  • OPEC deal implementation seen accelerating market rebalancing. Dec 29- Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by OPEC with agreed cuts. However, average Brent prices are expected to...

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light crude was down 20 cents at $53.86 by 0930 GMT, while North Sea Brent crude was up 5 cents at $56.27 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an oversupplied fuel market.

  • *OPEC, non- OPEC monitoring committee to meet in Vienna Jan 21-22. U.S. light crude was down 10 cents at $53.96 by 0845 GMT, while North Sea Brent crude was up 20 cents at $56.42 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an oversupplied fuel market.

  • *OPEC, non- OPEC monitoring committee to meet in Vienna Jan 21-22. U.S. light crude was down 10 cents at $53.96 by 0845 GMT, while North Sea Brent crude was up 20 cents at $56.42 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an oversupplied fuel market.

  • *OPEC, non- OPEC output cut committee to meet in Vienna on Jan. 21-22. Singapore, Dec 29- Oil prices fell in early trade in Asia on Thursday following a surprise build in U.S. crude stocks shown in data published by the American Petroleum Institute late on Wednesday. U.S. benchmark West Texas intermediate crude futures were down 31 cents or 0.57 percent to $53.75 at 0104...

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. NEW YORK, Dec 28- Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the new year.

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. NEW YORK, Dec 28- Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the new year.