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OPEC oil members are deciding to maintain output at current levels, reports CNBC's Steve Sedgwick.
June 5- U.S. oil drillers boosted activity in four key basins this week, bringing the promise of additional oil to a market that faces OPEC's Friday decision to leave production caps unchanged. With some OPEC countries like Saudi Arabia and Iraq pumping oil at record or near record levels, the group is trying to keep crude prices low enough to support global oil...
Jeff Currie, Goldman Sachs Global Head of Commodities Research, forecasts how low oil can go and the key observation from the OPEC meeting.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, discusses OPEC's decision to maintain oil production levels.
Bill O'Neill, head of the U.K. investment office at UBS Wealth Management, talks about the oil market and OPEC's decision to maintain production levels.
*OPEC oil ministers keep production target at 30 mln bpd. NEW YORK, June 5- Oil seesawed in volatile trade on Friday, with Brent briefly hitting seven-week lows before recovering, as a surging dollar and an OPEC decision not to cut output in an oversupplied market sent crude prices on a roller-coaster ride. Oil prices rose after the widely-expected OPEC decision, as...
*OPEC oil ministers keep production target at 30 mln bpd. NEW YORK, June 5- Oil moved lower in volatile trade on Friday, with Brent briefly hitting seven-week lows before paring losses, as a surging dollar and an OPEC decision not to cut output in an oversupplied market sent crude prices on a roller-coaster ride. Crude futures rose right after the OPEC decision on a...
Oil prices have reversed course and the supply glut remains, reports CNBC's Jackie DeAngelis with the latest activity from the oil patch.
OPEC decides to leave oil production levels where they are.
*OPEC ministers keep production target at 30 mln bpd. LONDON, June 5- Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers maintained their existing oil production target for another six months at a level below current output. OPEC has been pumping over 31.2 million bpd in recent weeks, a Reuters survey has shown with Saudi Arabia...
If you're looking to see a sharp move in oil prices off of Friday's OPEC meeting, you may be disappointed.
Bill Farren-Price, CEO of Petroleum Policy Intelligence, explains why OPEC are more positive towards oil now, suggesting that their demand expectations are much stronger for the rest of 2015.
The Organization of Petroleum Exporting Countries decided to maintain its production levels for six months, Ali al-Naimi told reporters Friday.
Ali Al-Naimi, oil minister of Saudi Arabia, tells CNBC that its "too simplistic" to say there's been a battle between OPEC and the U.S.
Bijan Namdar Zangeneh, oil minister for Iran tells CNBC he's sure OPEC will open the doors for the Iran market's return.
Founder and managing director of JBC Asia, Johannes Benigni, explains why Russia is not a viable candidate for OPEC.
SINGAPORE, June 5- Oil markets fell for a third day on Friday ahead of an OPEC meeting where the oil group is expected to stick by its policy of unconstrained output for another six months, keeping the market oversupplied. High production around the world means that global oil markets are oversupplied and ongoing high output by OPEC would mean that each month more...
SINGAPORE, June 5- Oil markets stabilized in cautious trading on Friday ahead of an OPEC decision that is likely to keep the market oversupplied, setting aside warnings of a second price fall as some members like Iraq and Iran look to ramp up exports. Saudi Arabia's oil minister Ali al-Naimi said he was 100 percent comfortable with the oil market, the Saudi-owned...
Iraqi Oil Minister, Adel Abdel Mahdi, said that he is confident OPEC will return to its original share of the market and that the current price for oil is "just."