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International Organizations OPEC

  • SINGAPORE, March 27- Oil prices dipped on Monday as rising U.S. drilling activity outweighed talks that an OPEC- led production cut initially due to end in mid-2017 may be extended. "OPEC and non- OPEC decided to get ahead of the game this weekend, announcing they are reviewing whether the output curb deal should be extended," said Jeffrey Halley, senior market analyst...

  • LONDON, March 24- No evidence has emerged of cheating on the OPEC/ non- OPEC production agreement so far. Charles Goodhart was a Bank of England official and he was expressing the bank's frustration that any measure of the money supply it started targeting ceased to be a good target soon after it was chosen. The question is whether OPEC and non- OPEC countries will...

  • OPEC agreement 'will be extended'

    Alan Bannister of S&P Global Platts says the OPEC output cut agreement has had benefited oil prices but U.S. shale production continues to overhang.

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. The Organization of the Petroleum Exporting Countries and rival oil-producing nations were meeting in...

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. OPEC and 11 other leading producers including Russia agreed in December to cut their combined output by...

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. OPEC and 11 other leading producers including Russia agreed in December to cut their combined output by...

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. OPEC and rival oil-producing countries were meeting in Kuwait to review progress with their global pact...

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers recommended extending by six months a global deal to reduce oil output, it said in a statement on Sunday. OPEC and rival oil-producing countries were meeting in Kuwait to review progress with their global pact to cut supplies.

  • KUWAIT CITY— OPEC members and non-cartel nations are leaving open the possibility of a six-month extension on a deal to reduce oil production, according to a statement Sunday by a committee of ministers from OPEC and other oil-producing nations. The joint committee, which met in Kuwait, said that as of February, OPEC and participating non- OPEC countries...

  • *Notes low seasonal demand, non- OPEC supply rise. KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers recommended extending by six months a global deal to reduce oil output, a draft press release from their meeting on Sunday showed. OPEC and rival oil-producing countries were meeting in Kuwait to review progress with their global...

  • KUWAIT, March 26- A joint committee of ministers from OPEC and non- OPEC oil producers recommended extending by six months a global deal to reduce oil output, a draft press release from their meeting on Sunday showed. OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies. The Organization of the Petroleum...

  • KUWAIT, March 26- OPEC and rival oil producers are meeting in Kuwait on Sunday to review their progress with a global pact to cut supplies and may discuss whether the agreement should be extended beyond June to help stabilize the market. "The secretary-general of OPEC is making a comprehensive investigation, analysis, of the market... he may recommend an extension...

  • OPEC President Qatar's Energy Minister Mohammed bin Saleh al-Sada and OPEC Secretary General Mohammad Barkindo address a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016.

    "The market will decide" whether OPEC will extend an output cut, Iraq's oil minister said at a meeting in Kuwait.

  • KUWAIT, March 25- Iraqi Oil Minister Jabar Ali al-Luaibi said on Saturday the market is a decisive factor in deciding whether to extend into the second half of this year a global agreement on reducing oil output. The Organization of the Petroleum Exporting Countries and 11 other leading oil producers including Russia agreed in December to cut their combined...

  • *OPEC to meet in Kuwait for monitoring meeting. NEW YORK, March 24- Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in...

  • A man stands near gas burning off from a well in Saudi Arabia.

    U.S. crude broke a four-day losing streak in thin trade on Friday, but posted a weekly loss as concerns persisted over an excess of crude.

  • loomed@ HOUSTON/ CARACAS, March 24- A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations. Leftist-run Venezuela sells its...

  • LONDON, March 24- No evidence has emerged of cheating on the OPEC/ non- OPEC production agreement so far. Charles Goodhart was a Bank of England official and he was expressing the bank's frustration that any measure of the money supply it started targeting ceased to be a good target soon after it was chosen. The question is whether OPEC and non- OPEC countries will...

  • OPEC to meet in Kuwait for monitoring meeting. West Texas Intermediate crude futures were up 3 cents at $47.73 a barrel by 11:25 a.m. EDT, set for a more than 2 percent loss on the week. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in part...

  • A gas flame is seen in the desert near the Khurais oilfield, near Riyadh, Saudi Arabia.

    An official says Saudi Arabia's U.S. oil exports are falling and will stay low, but other data suggest the drop is only temporary.