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International Organizations OPEC

  • KHOBAR, Saudi Arabia, Feb 23- Saudi Aramco's initial public offering could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview broadcast on...

  • LONDON, Feb 23- Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day in an attempt to drain an oversupply that has kept prices depressed for more than...

  • LONDON, Feb 23- Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day in an attempt to drain an oversupply that has kept prices depressed for more than...

  • That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

  • That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

  • However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at Mitsubishi Corp. in Tokyo. "It's a battle between how quick OPEC can cut without shale catching up," Nunan said, referring to U.S. drilling in shale formations that has shown an upsurge after prices rose this year.

  • NEW YORK, Feb 22- Oil prices fell more than 1 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output. In post-settlement trade, prices pared losses sharply after data from industry group the American...

  • U.S. government debt prices edge higher on Wednesday as investors focused on economic data and the latest minutes from the Federal Reserve.

  • NEW YORK, Feb 22- Oil prices fell 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output. U.S. crude stocks likely rose 3.5 barrels last week, its seventh straight build, analysts polled ahead of weekly...

  • An oil pump jack in the oil town of Gonzales, Texas.

    Oil prices fell as analysts forecast U.S. crude stockpiles increased by about 3.3 million barrels last week, its seventh weekly build.

  • An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, June 2, 2016.

    Eleven non-OPEC oil producers that agreed to cut output to boost prices have delivered at least 60 percent of promised curbs so far.

  • NEW YORK, Feb 22- Oil prices fell about 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, but they traded close to multi-week highs after OPEC signalled optimism over its deal with other producers to curb output. Analysts polled ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S....

  • LONDON, Feb 22- Eleven non- OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initially estimated. "This meeting shows the seriousness of OPEC and non- OPEC in implementing the agreed cut," an OPEC delegate said. Two OPEC delegates said...

  • Financial traders at the Frankfurt Stock Exchange

    European markets finished roughly flat on Wednesday, after investors waded through a raft of corporate earnings and news from individual stocks.

  • *OPEC secretary general optimistic on output cuts. LONDON, Feb 22- Global oil prices slipped on Wednesday as the U.S. dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output. Nevertheless, an agreement by major oil producers under the OPEC umbrella,...

  • Dennis Gartman

    The dollar will be stronger due to strength in the U.S. economy and the Fed leaning toward contractionary policy, Gartman says.

  • An oil platform off the coast of Angola

    The investment bank lowered its price forecast for Brent crude through 2022 to an average of $50-$70.

  • *OPEC secretary general optimistic on output cuts. LONDON, Feb 22- Global oil prices slipped on Wednesday as the U.S. dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signaled optimism over its deal with other producers to curb output. Nevertheless, an agreement by major oil producers under the OPEC umbrella,...

  • U.S. stock index futures pointed to a lower open on Wednesday as traders focused on a host of earnings reports.

  • Gartman's three bullish signals for oil

    Dennis Gartman, The Gartman Letter founder, talks about his bullish outlook on oil.