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International Organizations OPEC

  • An employee holds a control panel as barrels are filled with lubricant oil ahead of shipping at Royal Dutch Shell Plc's lubricants blending plant in Torzhok, Russia.

    Gasoline prices further deteriorated and the dollar spiked following the European Central Bank's latest interest rate decision.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices fell, but losses were limited by expectations that exporters would agree to extend production cuts.

  • PARIS, April 27- OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group's secretary-general said on Thursday in comments pointing to an extension of a global supply cut. As a result, OPEC members including top exporter Saudi Arabia have signalled support for extending the deal at a May...

  • PARIS, April 27- OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group's secretary-general said on Thursday in comments pointing to an extension of a global supply cut. As a result, OPEC members including top exporter Saudi Arabia have signalled support for extending the deal at a May...

  • *Two key Libya oilfields restart, sources tell Reuters. *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market.

  • *Stocks need to move closer to 5- year average OPEC's Barkindo. Barkindo's views were echoed by oil ministers from OPEC members Iraq and Angola, also attending the conference. The Organization of the Petroleum Exporting Countries and a number of non- OPEC producers meet on May 25 to discuss extending output curbs that cover the first half of 2017..

  • *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market. Benchmark Brent crude fell $1.14 a barrel to a low of $50.68 before recovering slightly to trade around $50.85 by 1220 GMT.

  • PARIS, April 27- Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country's oil minister said on Thursday. Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, was in full compliance with the OPEC- led supply pact reached last...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • Will OPEC extend output cuts?

    There's a perception that oil markets are flooded due to non-OPEC output but fundamentals show demand will remain strong, says Richard Gorry, JBC Energy Asia.

  • West Texas Intermediate crude oil futures were trading at $49.37 per barrel at 0420 GMT, down 25 cents, or 0.5 percent from their last close. Traders said the falls in recent weeks were due to a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut output by 1.8...

  • West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Traders said that the falls in recent weeks were a result of a realisation that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut...

  • West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0137 GMT, down 28 cents, or 0.56 percent from their last close. Traders said that the falls in recent weeks were a result of a realization that global oil markets remained oversupplied, despite efforts led by the Organization of the Petroleum Exporting Countries and Russia to cut...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Bond traders at CME Group

    U.S. bonds were higher as investors review the release of Trump's tax plan and eyed fresh supply.

  • *Doubts over OPEC effectiveness despite Saudi comments. NEW YORK, April 26- Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing...

  • Pipeline and crude storage tanks in Cushing Oklahoma.

    Oil prices rallied on a bigger-than-expected drop in crude stockpiles, but there's trouble brewing elsewhere in the energy complex.