International Organizations
OPEC
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*IEA says OPEC output cuts could bring supply deficit. NEW YORK, March 15- Oil prices on Wednesday climbed for the first time in more than a week on a surprise drawdown in U.S. crude inventories and data from the International Energy Agency suggesting OPEC cuts could create a crude deficit in the first half of 2017.. U.S. crude slid on Tuesday to its lowest since Nov. 29,...
Oil climbed up from three-month lows, lifted by a surprise drawdown in U.S. stocks and helped by data from the International Energy Agency.
*IEA says OPEC output cuts could bring supply deficit. NEW YORK, March 15- Oil prices on Wednesday climbed for the first time in more than a week on a surprise drawdown in U.S. crude inventories and data from the International Energy Agency suggesting OPEC cuts should create a crude deficit in the first half of 2017.. The IEA said global inventories rose in January...
European markets closed higher on Wednesday ahead of a Federal Reserve rate-setting meeting in the U.S.
NEW YORK, March 15- Oil prices rose more than 1 percent Wednesday, lifted by a surprise drawdown in U.S. crude inventories and data from the International Energy Agency suggesting OPEC cuts should create a crude deficit in the first half of 2017.. Adding to the bullish sentiment, the IEA said global inventories rose in January for the first time in six months...
*Canadian dollar at C $1.3462, or 74.28 U.S. cents. barrel, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency suggesting Organization of the Petroleum Exporting Countries cuts should create a crude deficit in the first half of 2017. At 10:01 a.m. ET, the Canadian dollar was trading at C $1.3462 to the greenback, or 74.28...
LONDON, March 15- Oil prices rose more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency suggesting OPEC cuts should create a crude deficit in the first half of 2017.. Investors are now watching for weekly U.S. Energy Information Administration figures to see if it confirms a fall in U.S....
"Prices have just kind thrown in the towel in the last week," says ClipperData's Max Smith.
LONDON, March 15- Oil prices climbed more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency suggesting OPEC cuts should create a crude deficit in the first half of 2017.. Brent futures rose more than $1 from Tuesday's close. West Texas Intermediate crude was up 99 cents at $48.71 and had also...
LONDON, March 15- Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but if OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency said on Wednesday. OPEC also flagged rising inventory levels, but raised its estimates for...
LONDON, March 15- Oil prices climbed from three-month lows on Wednesday, lifted by a surprise drawdown in U.S. inventories and helped by figures from the International Energy Agency suggesting OPEC cuts should push the crude market into deficit in time. At 1000 GMT, Brent futures were up 77 cents at $51.68 on the day, after tumbling to $50.25 in Tuesday's session, a...
LONDON, March 15- Global oil inventories rose for the first time in six months in January, despite OPEC's production cuts, but if the group maintains its output limits, the market may tilt into deficit in the first half of 2017, the International Energy Agency said on Wednesday. Within OPEC, Saudi Arabia has shouldered the burden of the production cuts, offsetting...
March 15- Global oil inventories rose for the first time in six months in January, despite OPEC's production cuts, but if the group maintains its output limits, the market may tilt into deficit in the first half of 2017, the International Energy Agency said on Wednesday. The IEA said crude stocks in the world's richest nations rose in January for the first time...
*Graphic of China available crude vs. LAUNCESTON, Australia, March 15- China's stockpiling of crude oil appears to have increased in the first two months of the year, despite prevailing higher prices caused by OPEC and its allies curbing output. The refinery throughput for January and February was 90.76 million tonnes, or about 11.23 million bpd, according to data...
TOKYO, March 15- U.S. oil prices rose more than 2 percent in early Asian trade on Wednesday, recovering from a three-month low after industry data showed a surprise drawdown in U.S. crude stockpiles and Goldman Sachs put a positive spin on OPEC's compliance with output cuts. Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise...
West Texas Intermediate crude was trading up 73 cents, or 1.5 percent, at $48.45 a barrel by 2314 GMT, having earlier risen more than $1 to $48.87. Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have erased nearly all gains since OPEC announced...
West Texas Intermediate crude was trading up 73 cents, or 1.5 percent, at $48.45 a barrel by 2314 GMT, having earlier risen more than $1 to $48.87. Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have erased nearly all gains since OPEC announced...
U.S. shale drillers became more efficient during the oil downturn and could pump through another bout of low prices, Kate Richard said.
Saudi Arabia is providing the lion's share of the cartel's production cuts while many members continue to pump above their quotas.
