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International Organizations OPEC

  • HONG KONG, Dec 12- Oil prices jumped more than 5 percent on Monday after OPEC and non- OPEC producers agreed to curb oil output and ease a global glut, while the U.S. dollar extended gains ahead of an expected rate hike this week. The agreement between OPEC and a number of other oil producing nations was the first joint action since 2001, following more than two years of...

  • SINGAPORE, Dec 12- Oil prices shot up over 4 percent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up the market. ANZ bank said on Monday that Saudi Aramco, Saudi Arabia's state-controled oil company, had "started...

  • Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    Crude oil prices jumped at the Asian open after OPEC and non-member producers agreed on a deal to cut output to ease a global supply glut.

  • NEW YORK, Dec 11- Oil prices soared by more than 5 percent as the session began in Asian trading after OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curb oil output jointly and ease a global glut that lasted more than two years. On Saturday, producers from outside the 13- country Organization of the Petroleum Exporting Countries...

  • GASOLINE FUTURES RISE 5 PERCENT AS CRUDE RALLIES ON NON-OPEC DEAL.

  • OIL PRICES UP BY MORE THAN $2 A BARREL AFTER NON-OPEC OIL PRODUCERS AGREE TO CUT OUTPUT ALONG WITH OPEC.

  • This strategist is optimistic about the OPEC deal

    It's in the interests of oil producers to be committed to the OPEC deal, says Jonathan Barratt at Ayers Alliance Securities.

  • Oil prices to fall 'pretty dramatically': Strategist

    Todd Horwitz at Bubbatrading.com explains why he's skeptical of the OPEC-led output cut deal.

  • *Qatar index rises above 200- day average. *UAE, Egypt closed for public holiday. DUBAI, Dec 11- Stock markets in Saudi Arabia and Qatar posted broad-based gains on Sunday after OPEC and non- OPEC oil producers a day earlier reached their first deal since 2001 to curtail oil output jointly in a drive to prop up prices.

  • A oil truck runs past wind turbines at the Dafancheng Wind Power Plant.

    OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut.

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • VIENNA, Dec 10- Non-OPEC oil producers agreed on Saturday to reduce their output by a combined 562,000 barrels per day as part of a global deal with the Organization of the Petroleum Exporting Countries, two OPEC sources told Reuters.

  • *Venezuela says Mexico to contribute to non- OPEC cuts. VIENNA, Dec 10- Russia and Saudi Arabia said they expect OPEC and non- OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.. Russian Energy Minister Alexander Novak, speaking as he joined a breakfast with OPEC and non- OPEC ministers in...

  • A oil truck runs past wind turbines at the Dafancheng Wind Power Plant.

    Russia and Saudi Arabia said they expect OPEC and non-OPEC producers to reach a deal Saturday to curtail oil output and prop up prices.

  • VIENNA, Dec 10- Russia and Saudi Arabia said they expect OPEC and non- OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.. Russian Energy Minister Alexander Novak, speaking as he joined a breakfast with OPEC and non- OPEC ministers in Vienna, said: "I don't see such risks.

  • VIENNA, Dec 10- OPEC Secretary-General Mohammed Barkindo said he saw a total of 12 non- OPEC countries signing a declaration with OPEC to help curtail oil output and prop up prices in the first such move since 2001.. "For non- OPEC expect cuts of 600,000 barrels per day or more... This is a very historic meeting...

  • *OPEC to meet non- OPEC countries in Vienna in Saturday. OPEC will meet non- OPEC producing countries in Vienna on Saturday, hoping non- OPEC will commit to cutting 600,000 barrels per day after its own members agreed to cut 1.2 million bpd last week. OPEC sources said nine non- OPEC countries were set to join the meeting: Azerbaijan, Kazakhstan, Oman, Mexico, Russia, Sudan,...

  • NEW YORK, Dec 9- Oil prices rose about 1 percent on Friday on hopes that non- OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut. On Saturday, OPEC oil ministers will meet non- OPEC producers in Vienna to seek help in curbing a global glut. Russia plans to hold more talks on...