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Energy Commodities Oil

  • *Room for non- OPEC countries to cut output further, Oman says. LONDON, Feb 15- Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even as OPEC achieves record compliance with its supply-cut accord. "The inventory trend in the U.S. raises doubts about whether the OPEC...

  • *Room for non- OPEC countries to cut output further, Oman says. LONDON, Feb 15- Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even as OPEC achieves record compliance with its supply-cut accord. "The inventory trend in the U.S. raises doubts about whether the OPEC...

  • *Room for non- OPEC countries to cut output further, Oman says. LONDON, Feb 15- Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even as OPEC achieves record compliance with its supply-cut accord. To support prices, the Organization of the Petroleum Exporting Countries and...

  • *Expects to sell into China. *Eyes growing middle distillates exports from China. SINGAPORE, Feb 15- Singapore- based trading start-up International Energy Group this year plans to expand its portfolio to crude oil from products such as gasoline and gasoil, looking to tap growing Chinese demand.

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    Oil prices were choppy on Wednesday after a government report showed a large rise in U.S. crude inventories.

  • NEW YORK, Feb 14- Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC- led effort to cut global output. Brent crude traded at $55.73 a barrel at 4:39 p.m. Eastern, off the settlement of $55.97 a barrel, which was up 38 cents but well...

  • TORONTO, Feb 14- Canada's main stock index posted a fresh record high on Tuesday as higher oil prices and bond yields supported energy and financials, while auto suppliers benefited from U.S. Bond yields jumped after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise U.S. interest rates. "Canadian banks are getting a bit pricey," said...

  • NEW YORK, Feb 14- Oil settled slightly higher on Tuesday, as rising supply from U.S. shale output limited enthusiasm about an OPEC- led effort to cut global output. Brent crude settled 38 cents higher at $55.97 a barrel, well off the session high of $56.46 a barrel. The Organization of the Petroleum Exporting Countries and other exporters including Russia have...

  • Schoolchildren play on a beach in front of an oil platform in Brazil.

    Republicans and industry groups said an anti-corruption regulation disadvantaged U.S. drillers, but foreign firms follow similar rules.

  • Schoolchildren play on a beach in front of an oil platform in Brazil.

    President Donald Trump signs a document to roll back regulation on commodity firms.

  • The Saudi Oil Minister Khaled al-Faleh attends the 15th International Energy Forum in Algiers on September 27, 2016, on the eve of an informal OPEC meeting the next day.

    The cartel got 90 percent compliance in its first month of coordinated production cuts, but some say OPEC will soon be tested.

  • NEW YORK, Feb 14- Oil pared gains on Tuesday as concerns about rising supply from U.S. shale output overshadowed an OPEC- led effort to cut global output, which has supported oil prices in a higher range. Brent crude was 61 cents higher at $56.20 a barrel by 11:30 Eastern, after earlier rising to $56.46 a barrel. The Organization of the Petroleum Exporting Countries...

  • CAIRO, Feb 14- Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said. Cairo's search for additional crude comes after Saudi Arabia's state oil firm Saudi Aramco halted shipments of oil products to Egypt last year. Egypt has turned to Iraq...

  • *Loonie touches its strongest since Feb. 6 at C $1.3025. Gains for the Canadian dollar came one day after Trump downplayed potential changes to trade ties between the United States and Canada. U.S. crude prices were up 1.28 percent at $53.61 a barrel, supported by an effort led by the Organization of the Petroleum Exporting Countries to cut output.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil rose on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 80 cents higher at $56.39 a barrel by 1425 GMT.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil strengthened slightly on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 55 cents higher at $56.14 a barrel by 1220 GMT.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil strengthened slightly on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 45 cents higher at $56.04 a barrel by 0950 GMT.

  • *OPEC cuts support oil prices above $50 per barrel. LONDON, Feb 14- Oil steadied on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 30 cents higher at $55.89 a barrel by 0830 GMT.

  • *OPEC cuts support oil above $50 per barrel. SINGAPORE, Feb 14- Oil prices were stable on Tuesday, supported by an OPEC- led effort to cut output while rising production elsewhere kept crude futures within the narrow range that has contained them so far this year. Brent crude futures were trading at $55.63 per barrel at 0638 GMT, up 4 cents from their last close.

  • Compliance to OPEC deal has its limits: Expert

    Victor Shum, VP of IHS Energy Insight, says he expects U.S. production to increase when prices do but this will be offset by an increase in crude demand.