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  • LONDON, Sept 16- The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output freeze, as demand slows and a global surplus becomes more entrenched. The Organization of the Petroleum Exporting Countries and Russia meet on the sidelines of the International Energy Forum...

  • LONDON, Sept 16- The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output freeze, as demand slows and a global surplus becomes more entrenched. The Organization of the Petroleum Exporting Countries and Russia meet on the sidelines of the International Energy Forum...

  • Syrian refugee women carry their babies as they walk through Al Zaatari refugee camp in the Jordanian city of Mafraq, near the border with Syria March 8, 2016.

    Aleppo blockaded by Syrian government forces, while aid delivery is a crucial test of US-Russian deal.

  • $45-$55 the new range for oil: Analyst

    Sentiment in the oil market remains bearish because OPEC production continues to be at record high, says Amrita Sen, chief oil analyst at Energy Aspects.

  • SINGAPORE, Sept 12- Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises. Brent crude futures were trading at $47.29 per barrel at 0200 GMT, down 72 cents, or 1.5 percent, from their last settlement.

  • he Wilmington ARCO refinery is seen before dawn on December 19, 2003 in Los Angeles, California.

    J.P. Morgan's Scott Darling says that it is unlikely that OPEC producers will reach a deal and that Brent will fall to $40 at the end of the month.

  • SINGAPORE, Sept 12- Oil prices fell on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, and speculators cut positions betting on further price rises. Brent crude futures were trading at $47.58 per barrel at 0041 GMT, down 43 cents, or 0.9 percent, from their last settlement. Algeria's energy minister said there...

  • London Brent crude for November delivery was down 49 cents, or 1.0 percent, at $47.52 a barrel by 2246 GMT on Sunday after settling down 4 percent on Friday. Algeria's energy minister said there is a consensus among OPEC and non- OPEC members about the need to stabilize the oil market to support prices, state news agency APS reported on Saturday.

  • ALGIERS, Sept 10- Algeria's energy minister has said there is a consensus among OPEC and non- OPEC members about the need to stabilize the oil market to support prices, state news agency APS reported on Saturday. Bouterfa has traveled to Qatar, Iran and Russia this week to push for the oil price to be stabilized between $50 and $60, and said he was "confident" about the...

  • ALGIERS, Sept 10- Algeria's energy minister says there is a consensus among OPEC and non- OPEC members about the need to stabilise the oil market to support prices, state news agency APS reported. Bouterfa has travelled to Qatar, Iran and Russia this week to push for stabilising the oil price between $50 and $60, and said he was "confident" about the outcome of an OPEC...

  • LONDON, Sept 9- Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in U.S. crude stocks. The Brent crude benchmark for November delivery was down $1.20 cents at $48.79 a barrel as of 1234 GMT after...

  • TOKYO/ LONDON, Sept 9- Oil prices edged lower on Friday but were set for the first weekly gain in three weeks after jumping 4 percent a day earlier due to a surprisingly large drawdown in U.S. crude stocks. Brent and West Texas Intermediate crude futures have gained nearly 6 percent this week and are on course for their biggest weekly gain in three weeks following two...

  • TOKYO, Sept 9- Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier, following a surprisingly large drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent and West Texas Intermediate crude futures have gained nearly 6 percent this week and are on course for their biggest weekly gain in...

  • TOKYO, Sept 9- Oil prices pulled back on profit-taking on Friday after settling more than 4 percent higher a day earlier, following a surprisingly large drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent and West Texas Intermediate crude futures have gained about 6 percent this week and are on course for their biggest weekly gain in...

  • *Iran asks for much larger ceiling in any OPEC deal. LONDON, Sept 9- Iran's steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfil its plans to raise production to new highs while demanding to be excluded from any OPEC deals on supply curbs. Iran also told OPEC it produced 3.63 million bpd in August,...

  • ALGIERS, Sept 8- Algeria's energy minister will meet his Saudi counterpart and OPEC's secretary-general in Paris on Friday as part of moves towards clinching a global deal on stabilizing crude output to support oil prices, an Algerian official and OPEC sources said. Algeria will host the informal meeting with Saudi Energy Minister Khalid al-Falih and OPEC's...

  • *Riyadh, Russia agree to cooperate in oil market. MOSCOW, Sept 8- Two new Caspian Sea oil fields are due by the end of this year to add significant volumes of crude to a world market already in glut, possibly depressing prices just as producers including Russia talk about reviving them. Faced with world oil prices languishing at around $50 per barrel, Saudi Arabia and...

  • US sent Iran total of $1.7B in cash

    The White House reportedly transferred piles of money to Tehran in order to settle a long-running dispute over a failed 1979 arms deal.

  • An employee looks out over the illuminated petroleum cracking complex at an oil refinery operated by OAO Lukoil, in Nizhny Novgorod, Russia.

    The oil crash of 2014-2015 may trigger a wave of democratization in crude-exporting countries across the world, Renaissance Capital said on Tuesday.

  • Experts agree lower prices are putting the brakes on production growth, but they can't seem to agree on when a supply-demand rebalancing will happen.