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International Organizations OPEC

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • Why oil has rebounded

    Alejandro Barbajosa at Argus Media says prospects of an extension in the OPEC output cut are supporting oil prices.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30...

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. In the United States, West Texas Intermediate crude futures were up 33 cents at $48.38 a barrel, after testing support at $47 a...

  • CARACAS/ PUNTO FIJO, Venezuela, March 22- G rumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially...

  • Crude stocks in the world's top oil consumer have been building since the beginning of the year and undermining hopes that an OPEC- led deal to cut production will reduce a persistent global glut. "The market remains nervous about rising U.S. production, which is also reducing the effectiveness of output cuts by the OPEC and some non- OPEC countries," said Abhishek...

  • *OPEC inclined to extend cuts; wants non- OPEC participation. NEW YORK, March 22- Oil prices slipped on Wednesday to their lowest since late November, with Brent testing the $50 per barrel support, after data showed record high U.S. crude inventories rising faster than expected, raising doubts over the viability of OPEC- led output cuts. "The fact that this supply has...

  • Oil

    Oil prices slid to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected.

  • March 22- U.S. crude oil stocks rose to a fresh record last week, the Energy Information Administration said on Wednesday, as a surge in imports and rising domestic production more than offset a hike in refinery runs. Crude stocks in the world's top oil consumer have been building since the beginning of the year and undermining hopes that an OPEC- led deal to cut...

  • *OPEC inclined to extend cuts; wants non- OPEC participation. NEW YORK, March 22- Oil prices slid to almost four-month lows on Wednesday, with Brent briefly falling below $50 a barrel, after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. "The market remains nervous about rising U.S. production,...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. *Rising U.S. production undermines OPEC reduction effort. "With U.S. crude stocks continuing to mount into record territory both in total and at Cushing following almost two months of OPEC production restraint, we feel that the odds of a gradual unraveling in the OPEC agreement have been increased...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. OPEC, which sources say is increasingly leaning towards extending cuts, has broadly delivered on pledged...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped to three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. OPEC, which sources say is increasingly leaning towards extending cuts, has broadly delivered on pledged...

  • "OPEC's decision in November 2016 to cut production was rational, in our view, and fit into its role of inventory manager of last resort," Goldman said. "However, the unintended consequence was to underwrite shale activity through a bullish credit market at a time when delayed delivery of the 2011-13 capex boom could lead to record non- OPEC production growth in...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped back to three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Sources have said OPEC is inclined to extend but wants backing from non- OPEC producers, including Russia,...

  • *OPEC inclined to extend cuts, wants non- OPEC backing. LONDON, March 22- Oil prices slipped back towards three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Sources have said OPEC is inclined to extend but wants backing from non- OPEC producers, including...

  • *Rising U.S. production undermines OPEC effort to cut output. SINGAPORE, March 22- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC- led effort to cut output. "The American Petroleum Institutes' crude inventories stuck the knife into crude overnight, coming in at a 4.5...