Energy Commodities Oil

  • *Traders worried over whether OPEC can coordinate output cut. SINGAPORE, Oct 28- Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years. Traders said there was reluctance in the market to...

  • OPEC has long road ahead, likely to disappoint: Expert

    OPEC's next formal meeting will be acrimonious, as cracks start to appear in the bloc, says Harry Tchilinguirian of BNP Paribas' commodity derivatives group.

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Oil prices edged lower Friday on doubts about OPEC's first planned output cut in eight years.

  • SINGAPORE, Oct 28- Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets for two years. Traders said there were significant doubts that the Organization of the Petroleum Exporting Countries would be able to rally its members and non-...

  • *Exports to Asia to hit 1.46 mln bpd; exports to Europe to fall. TOKYO, Oct 27- Iran's crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran's oil exports typically hit a low around October...

  • Cramer discovers a massive rotation of money, primed to explode stocks higher

    Jim Cramer shares the signals he sees that sleepy sectors are finally waking up, and could be ready to fly higher.

  • Options Action: Big oil, big moves?

    "Fast Money" trader Dan Nathan discusses implied moves in the options market for Exxon Mobil and Chevron ahead of earnings.

  • TORONTO, Oct 27- Canada's main stock index rose on Thursday, led by the energy sector as oil rallied and a slew of oil and gas companies reported quarterly earnings, while financials also gained ground as bond yields rose. U.S. crude oil futures settled up 54 cents at $49.72 a barrel as commitments from Gulf OPEC members to cut production assuaged some lingering...

  • Dennis Gartman

    It will be difficult to push oil prices much higher even if OPEC reaches an agreement to limit crude output, Dennis Gartman said.

  • Big oil earnings ahead

    Discussing Exxon Mobil and Chevron ahead of their earnings releases with Pavel Molchanov, Raymond James Senior VP and Energy Analyst, and Stewart Glickman, CFRA Research Energy Equity Analyst.

  • OPEC producers on the outs

    Dennis Gartman, The Gartman Letter Editor & Publisher, discusses the likelihood of an OPEC agreement over the weekend and his forecast for crude oil.

  • OIL PRICES EXTEND GAINS; U.S. CRUDE BACK ABOVE $50 A BARREL.

  • *Cushing, Oklahoma, delivery base, shed 650,000 barrels- Genscape. NEW YORK, Oct 27- Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers. The expectation was that Libya,...

  • Oil workers in the Permian basin outside of Midland, Texas.

    Wall Street is anticipating improvement in quarterly earnings from oil majors after many missed forecasts last quarter.

  • TORONTO, Oct 27- Canada's main stock index rose in morning trading on Thursday, with the energy sector up decently as oil prices rebounded and as a slew of oil and gas companies reported quarterly earnings. The energy group climbed 1.9 percent as oil edged above $50 a barrel, with a further drop in U.S. crude inventories countering investor doubts that OPEC will be...

  • *Violent protests spread in Venezuela. LONDON, Oct 27- Oil edged above $50 a barrel on Thursday, drawing support from sources' comments that OPEC's Gulf members are willing to cut their output by 4 percent and from a further drop in U.S. crude inventories. Brent crude was up 38 cents at $50.36 a barrel as of 1348 GMT, having risen as high as $50.67 intra-day.

  • CRUDE TURNS NEGATIVE BRIEFLY AFTER REUTERS REPORTS RUSSIA TOLD GULF OPEC MEMBERS THAT IT WILL NOT CUT OUTPUT AND WILL ONLY FREEZE.

  • NEW YORK, Oct 26- Oil settled down more than 1 percent on Wednesday even after a surprise drawdown in U.S. crude inventories, as traders remained cautious that OPEC would be able to cut production come late November. "The focus point from here remains on the OPEC meeting that comes a month from now, with Iran, Libya and Nigeria all looking unlikely to commit to output...

  • *OPEC supply cut plan faces growing challenges. LONDON, Oct 27- Oil edged above $50 a barrel on Thursday as a further drop in U.S. crude inventories countered investor doubts that OPEC will be able to implement a production cut. The market was keeping an eye on escalating protests in Venezuela against the rule of President Nicolas Maduro, although there was no sign...

  • Exports to Asia to hit 1.46 mln bpd; exports to Europe to fall. TOKYO, Oct 27- Iran's crude oil exports are set to decline 5 percent in November to a four-month low, a source with knowledge of its preliminary tanker schedule said, as low seasonal demand in Europe takes the edge off its post-sanctions export bonanza. Iran's oil exports typically hit a low around October...