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  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures fell on Wednesday, extending two days of losses and rattled by concerns about oversupply and slowing demand, with China's economic growth likely to fall below 7 percent in the third quarter. Front-month Brent for November delivery was down 19 cents or 0.4 percent at $49.05 a...

  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures edged up on Wednesday, paring some losses in the previous session on an International Energy Agency report that said the market would remain oversupplied for at least another year. Front-month Brent for November delivery gained 7 cents to $49.31 a barrel as of 0458 GMT after it...

  • HOUSTON/ NEW YORK, Oct 14- The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor for the battered market, will be doomed from the start. Ramirez, by contrast, was the public face of Venezuela's oil policy for over a decade, working closely and often with Saudi Oil Minister Ali al-Naimi-...

  • *OPEC invites some non- OPEC members for Oct 21 meeting. SEOUL, Oct 14- Crude oil futures traded largely unchanged on Wednesday after falling by just over one percent in the previous session on an International Energy Agency report that said the market would remain oversupplied for at least another year. Front-month Brent for November delivery rose 10 cents or...

  • CARACAS, Oct 13- Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non- OPEC countries have been invited to an Oct. 21 oil meeting: Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia. The technical meeting of oil experts from the Organization of Petroleum Exporting Countries and non- OPEC countries will be held in Vienna, he told...

  • CARACAS, Oct 13- Venezuela's Oil Minister Eulogio del Pino said on Tuesday eight non- OPEC countries have been invited to an Oct. 21 oil meeting: Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia. The technical meeting of oil experts from Organization of the Petroleum Exporting Countries and non- OPEC countries will be held in Vienna, he said in a...

  • UPDATE 8-Oil falls after bearish IEA report Tuesday, 13 Oct 2015 | 9:33 AM ET

    The International Energy Agency said the world oil market would remain oversupplied for at least another year despite falls in output from non- OPEC producers. Brent crude was down 30 cents a barrel at $49.56 by 1330 GMT. Brent slumped to a low of almost $42 a barrel in August, from above $115 in June 2014.

  • LONDON, Oct 13- Brent crude oil steadied near $50 a barrel on Tuesday after the west's energy watchdog forecast a global supply glut would last through 2016 thanks to slowing demand growth and a supply glut. The International Energy Agency said the world oil market would remain oversupplied for at least another year despite falls in output from non- OPEC...

  • UPDATE 5-Oil slips on IEA report, U.S. stocks forecast Tuesday, 13 Oct 2015 | 6:03 AM ET

    LONDON, Oct 13- Oil prices slipped on Tuesday after the International Energy Agency forecast a global supply glut would last through 2016 as demand growth slows and key OPEC producers maintain near-record output. Global benchmark Brent crude was down 20 cents a barrel at $49.66 by 0950 GMT. U.S. crude was down 30 cents at $46.80 after settling down $2.53.

  • BEIJING, Oct 13- China hopes the European Union remains united and continues to play an important role in the world, a top Chinese diplomat said on Tuesday ahead of President Xi Jinping's trip to Britain, a country which will vote by 2017 on whether to leave the EU. Asked whether China was concerned Britain could withdraw from the EU and whether Xi would bring this up...

  • LONDON, Oct 13- A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside OPEC. A drop in oil prices because of abundant supply to just over $50 a barrel- half the level of June 2014- has led to...

  • LONDON, Oct 13- A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC producers maintain near-record output, the International Energy Agency said on Tuesday, even as low prices curb supply outside OPEC. The Organization of the Petroleum Exporting Countries increased supply in September by 90,000 bpd to...

  • *Kuwait says no calls within OPEC to change output policy. *OPEC sees oil demand in 2016 more positive than thought. Kuwait said on Monday there were no calls within OPEC to change the oil group's production policy and that lower output from high-cost producers could support prices in 2016, adding to signs OPEC will keep its strategy of defending market share.

  • Kuwait said on Monday there were no calls within OPEC to change the oil group's production policy and that lower output from high-cost producers could support prices in 2016, adding to signs OPEC will keep its strategy of defending market share. OPEC forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy...

  • *U.S. crude futures for November delivery gained 44 cents at $47.54 a barrel as of 0020 GMT after settling down $2.53 at $47.10 on Monday. *Kuwait said on Monday there were no calls within OPEC to change the oil group's production policy and that lower output from high-cost producers could support prices in 2016, adding to signs OPEC will keep its strategy of...

  • *OPEC output weighs on crude prices. *Gold at 3- month high on Fed bets. NEW YORK, Oct 12- Crude oil futures tumbled on Monday on profit-taking and a report of higher OPEC production, while pressure lingered on the U.S. dollar as markets priced the possibility that the Federal Reserve would not begin a tightening cycle this year.

  • *OPEC to continue defending market share- Kuwait oil minister. NEW YORK, Oct 12- Oil prices tumbled on Monday, settling 5 percent lower as traders took profits after last week's surge to an 11- week high, and on a report that OPEC continued to boost crude production despite a persistent glut. Both Brent and U.S. crude futures posted the biggest percentage declines...

  • *OPEC output weighs on crude prices. NEW YORK, Oct 12- Crude futures tumbled on Monday on profit-taking and a report of higher OPEC production, while pressure lingered on the U.S. dollar as markets priced the possibility that the Federal Reserve would not begin a tightening cycle this year. Secondary sources cited in OPEC's monthly report said the group pumped...

  • *OPEC to continue defending market share- Kuwait oil minister. NEW YORK, Oct 12- Oil prices tumbled more than $2 dollars, hitting fresh session lows on Monday, as traders took profits after last week's surge to an 11- week high, and on a report that OPEC continued to boost crude production despite a persistent glut. Benchmark Brent crude was down $2.22, or more than 4...

  • *OPEC continues to boost production. *OPEC to continue defending market share- Kuwait oil minister. NEW YORK, Oct 12- Oil prices tumbled on Monday, as traders took profits after last week's surge to an 11- week high, and on a report that OPEC continued to boost crude production despite a persistent glut.