International Organizations OPEC

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  • CARACAS, May 19- Venezuela's state oil company PDVSA said its oil output was stable in the first quarter of the year, knocking down reports of declining production due to a cash crunch and shortages, though the company didn't provide figures. Production increases in the extra-heavy crude Orinoco Belt have offset declines in mature fields in the west of the OPEC...

  • Commodities tomorrow:

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

  • John Kilduff

    Goldman turned bullish on oil recently but John Kilduff says he thinks oil is more likely to fall back to $35 a barrel.

  • Commodities tomorrow:

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

  • Futures Now: Oil to $50?

    The Futures Now team discusses whether a short-term bounce in oil is coming before going lower.

  • Oil drilling

    The oil market is likely to remain choppy this year, but crude prices will probably end 2016 just $5 or so higher, Tamar Essner says.

  • LONDON, May 17- Oil slipped from a six-month high to trade below $49 per barrel on Tuesday after a deal between Libyan factions brought higher output a step closer, although outages in Nigeria and Canada lent support. Most of the OPEC member's output is offline because of conflict. Brent crude traded at a six-month high of $49.47 intra-day and at 1201 GMT was down 17...

  • Commodities tomorrow:

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

  • A girl walks on a gas pipeline running through Okrika community near Nigeria's oil hub city of Port Harcourt, Nigeria.

    Oil prices jumped on Monday on growing Nigerian oil output disruptions and after Goldman Sachs said the market had flipped to a deficit.

  • CARACAS, May 16- Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the OPEC member's crisis-hit economy "oxygen" ahead of heavy debt payments, Venezuela's top economic official said on Monday. Economy Vice-President Miguel Perez told Reuters "all" conditions, including loan time frames,...

  • *Major oil exporters Nigeria, Venezuela in crisis. *Renewed Canadian output, rising OPEC supplies also weigh. Supply disruptions from Nigeria, Venezuela, the United States and China triggered a U-turn in the oil outlook of Goldman Sachs, which long warned of overflowing storage and another looming crash in prices.

  • *Major oil exporters Nigeria, Venezuela in crisis. *Recovering Canadian output, rising OPEC supplies weigh on market. SINGAPORE, May 16- Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a stronger dollar capped gains.

  • Venezuela, police and citizen

    As the crisis in Venezuela worsens, the looting of basic goods, including underwear, is on the rise.

  • *Nigeria oil production halved to 1.65 mln bpd. *OPEC output rises in April to highest since at least 2008. NEW YORK, May 13- Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.

  • SAN CRISTOBAL, Venezuela, May 13- Mobs in Venezuela have stolen flour, chicken and even underwear this week as looting increases across the crisis-hit OPEC nation where many basic products have run short. But as more end up empty-handed and black market prices soar, plundering is rising in Venezuela, already one of the world's most violent countries.

  • Oil Golden Cross

    Crude is poised to go lower, said oil expert John Kilduff, whose bearish calls on the commodity have been dead on.

  • *Nigeria oil production has fallen to 1.65 mln bpd- FinMin. *OPEC says members' production rose 188,000 bpd in April. NEW YORK, May 13- Oil prices slipped on Friday, ending a three-day rally, as a strong dollar weighed and investors cashed in on recent gains, but losses were cushioned by outages in Nigeria that have slashed output to the lowest in over two decades.

  • *Forecast drop in 2016 non- OPEC supply is uncertain. *OPEC output climbs in April; implied surplus rises. LONDON, May 13- OPEC said the global oil market is oversupplied and signalled the glut may increase this year, as surging output from its members makes up for losses from other countries whose production has been hit by a price fall.

  • *Forecast drop in 2016 non- OPEC supply is uncertain. *OPEC output climbs in April; implied surplus rises. *Saudi Arabia tells OPEC it raised April production.

  • A worker walks at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015.

    Speculator bets on higher Brent prices reached record highs in April, OPEC said in a report on Friday, but the oil cartel warned that fundamentally, oversupply still persisted in the market.