International Organizations OPEC

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  • *OPEC supply rises by 100,000 bpd to 33.41 million bpd. *Gabon return boosts absolute level of OPEC supply. LONDON, July 29- OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.

  • July 29- The following table shows OPEC crude oil output in millions of barrels per day in July and June, according to a Reuters survey published on Friday. OPEC has no supply target, having in December 2015 scrapped its output ceiling of 30 million bpd, which it had been exceeding for months. Gabon is included in the survey for the first time after it rejoined OPEC on...

  • Crude oil production

    Oil prices fell nearly 3 percent on Monday on rising concerns that a global glut of crude and refined products would pressure markets.

  • Commodities tomorrow:

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

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

    Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.

  • Commodities tomorrow:

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

  • CARACAS, July 21- Venezuela's top court has ruled that the country's central bank does not need congressional approval to seek a loan from a multilateral agency to shore up the OPEC nation's flagging international reserves. The ruling paves the way for the government of President Nicolas Maduro to borrow from the Latin American Reserves Fund, part of the...

  • Commodities tomorrow:

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

  • *Russia says will not coordinate oil output with OPEC. *Russia says oil output to reach 542-544 mln tonnes in 2016. Global benchmark Brent crude prices were up 5 cents at $46.71 a barrel at 1225 GMT.

  • *Russia says will not coordinate oil output with OPEC. *Russia says oil output to reach 542-544 mln tonnes in 2016. Global benchmark Brent crude prices were up 20 cents at $46.86 a barrel at 0947 GMT.

  • DUBAI, United Arab Emirates— The Abu Dhabi Investment Authority says it is committed to a long-term investment strategy despite a slump in oil prices and concerns about slower economic growth worldwide. ADIA is based in the capital of OPEC member United Arab Emirates and is one of the world's largest sovereign wealth funds. He also expressed confidence in...

  • *Russia says will not coordinate oil output with OPEC. *Russia says oil output to reach 542-544 mln tonnes in 2016. He told Reuters in an interview that Russia was not discussing coordination with OPEC and that Russian oil output would rise to 542-544 million tonnes this year, a 30- year high.

  • Commodities tomorrow:

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

  • Commodities tomorrow:

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

  • ALGIERS, July 18- Algeria signed deals with Indonesia's Indorama Corporation on Monday to develop a phosphate mine and build two plants to process the crop nutrient in the North African country at a total expected cost of $4.5 billion. The contracts are part of steps to develop Algeria's long-neglected mining sector and diversify the OPEC member country's...

  • Oil pumps

    India could be a key catalyst for oil prices, according to oil expert Helima Croft of RBC Capital Markets.

  • Commodities tomorrow:

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

  • Oil

    Oil prices rose on Thursday as traders covered short positions a day after crude futures were hammered by weak U.S. demand for fuel.

  • Brent crude oil was up 60 cents at $46.86 a barrel by 1015 GMT. "The oil market is oversupplied, OPEC production is on the rise and we had a rather bearish weekly U.S. oil stats report," said Tamas Varga at London brokerage PVM Oil Associates. The IEA said a glut in the global oil market was persistent and would put a lid on crude prices despite demand growth and declines in...

  • "The oil market is oversupplied, OPEC production is on the rise and we had a rather bearish weekly U.S. oil stats report," said Tamas Varga at London brokerage PVM Oil Associates. Crude stocks in the United States fell less than expected last week, while distillate inventories rose the most since January and gasoline stocks unexpectedly increased, the Energy...