Oil drops on a Bloomberg report saying Saudi Arabia won't make a decision at a meeting in Algeria next week, CNBC's Jackie Deangelis reports. Atul Lele, Deltec International Group CIO, weighs in.
NEW YORK, Sept 23- Oil prices fell about 3 percent on Friday, paring weekly gains, on a report that Saudi Arabia did not expect an agreement at talks next week among major crude exporters aimed at freezing production. Crude futures slumped after Bloomberg reported that Saudi Arabia did not expect a decision at Algiers, the capital of Algeria where the biggest oil...
CRUDE DOWN BY MORE THAN $1 A BARREL AFTER BLOOMBERG REPORTS SAUDI ARABIA DOESN'T EXPECT DECISION AT ALGIERS MEETING.
Russia's finance minister warns an oil freeze deal may not raise prices over time.
Prospects for Brent crude rising above $50 a barrel in 2017 are less than 50/50, says oil investment advisor Nansen G. Saleri. Here's why.
CNBC's Jim Cramer explains why he doesn't expect to see an oil deal coming out of OPEC next week.
CNBC's Geoff Cutmore reports on his interview with Russian Finance Minister Anton Siluanov about an oil freeze.
Anton Siluanov, Russia's finance minister, discusses the oil market ahead of OPEC's Algeria meeting next week.
MOSCOW, Sept 23- Russian finance minister Anton Siluanov said on Friday he wanted to increase taxes on the oil and gas industry by around 50 billion roubles a year. Russia is the world's biggest oil producer and its output has been rising to record highs despite low crude prices. Speaking on the sidelines of the Moscow Finance Forum, Siluanov told reporters the...
A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.
The oil-rich kingdom said it would lower its own production if rival Iran agrees to cap its output this year.
Miswin Mahesh, oil market analyst at Barclays, discusses potential outcomes for the upcoming OPEC meeting in Algiers.
Saudi Arabia has offered to lower its own oil production if Iran agrees to cap its output this year.
*Rising output from Nigeria, Libya weigh on crude prices. LONDON, Sept 23- Oil prices fell on Friday in a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. While traders said that the declines were largely down to...
*Arbitrage to Asia emerges with Brent-WTI spread over $3/ bl. *Argus launches new indexes for U.S. crude delivered to Asia. SINGAPORE, Sept 23- Asia's oil refiners can choose from a sprawling buffet of over 300 crudes from every continent except Antarctica as a combination of cheap freight and rising supplies leaves buyers overwhelmed by the variety of oil grades...
As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises.
SINGAPORE, Sept 23- Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. Matt Stanley, a fuel broker at Freight Investor Services in Dubai, said that there was a lot of uncertainty...
Oil fell on Friday, paring weekly gains, on a report that Saudi Arabia did not expect an agreement at talks next week among major crude exporters.