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International Organizations OPEC

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks. The Organization of Petroleum Exporting Countries and some non-...

  • Higher oil prices at year-end?

    The fall in oil prices is a blip caused by markets taking profit on OPEC's decision to extend output cuts, says Bryan Goh, Bordier & Cie.

  • SYDNEY, May 26- U.S. soybeans edged lower to hit a six-week low on Friday as weak oil prices were set to pressure the oilseed, which is used to make ethanol, towards a third straight weekly decline. *Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for...

  • A laborer works at the Nahr Bin Umar oil field, southeast of Baghdad, Iraq.

    There may still be upside for crude oil prices even if the market appears to be let down by an OPEC production cut extension, analysts said Friday.

  • May 26- Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. *Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. *OPEC and non-members led by Russia decided on Thursday to extend cuts in...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting...

  • SINGAPORE, May 26- Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger production cuts. Sterling slipped after an opinion poll showed that Britain's opposition Labour Party has cut the lead of Prime Minister Theresa May's Conservatives...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. The Organization of Petroleum Exporting Countries and some non- OPEC producers agreed at a meeting in Vienna on Thursday to extend...

  • Where oil prices are going

    OPEC's output cut extension should result in Brent averaging $55 a barrel due to a drawdown in inventories, says Sushant Gupta, Wood Mackenzie.

  • TORONTO, May 25- Canada's main stock index dipped on Thursday as a plunge in oil prices weighed on energy shares, offsetting gains for industrials and financials after quarterly earnings from some major banks impressed investors. U.S. crude prices settled $2.46 lower at $48.90 a barrel after the Organization of the Petroleum Exporting Countries' decision to...

  • NEW YORK, May 25- Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and some...

  • People work at the Halfaya oilfield in Amara, southeast of Baghdad, Iraq.

    Oil prices dropped after OPEC announced it was extending production cuts, but Helima Croft sees higher prices ahead.

  • *U.S. crude tumbles more than 5 pct after OPEC meeting. NEW YORK, May 25- U.S. stocks scaled fresh highs on Thursday after strong earnings reports from retailers, outpacing European shares which closed little changed, while oil prices plunged after top oil producers extended output cuts for a shorter period than expected. "The lack of fear, the complacency is...

  • Commodities tomorrow:

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

  • The U.S. Federal Reserve Building stands in Washington, D.C., U.S., on Wednesday, June 24, 2009.

    U.S. government debt prices were higher Thursday, as investors waited for Fed members to speak on the back of the FOMC minutes release.

  • WTI crude to average around $61 a barrel by Q4: RBC Capital Markets

    Helima Croft, RBC Capital Markets, and Michael Rothman, Cornerstone Analytics, discuss the impact of news out the OPEC meeting on the price of crude.

  • *Output caps kept unchanged; Nigeria, Libya still exempt. VIENNA, May 25- OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. Oil's earlier price decline, which started in 2014, forced Russia and...

  • *Oil majors drop after OPEC deal. An OPEC meeting in Vienna that disappointed some investors failed to move broader indexes but sent oil prices lower, making the energy sector the biggest sectoral faller in the region. Milan- based fund manager Anthilia Capital in Milan downgraded its exposure to euro zone stocks even though the European economy remained...

  • *OPEC agrees to extend output cuts for nine months. NEW YORK, May 25- Oil prices fell about 4 percent on Thursday, on track for their biggest daily drop in three weeks, after OPEC's decision to extend production curbs fell short of expectations of deeper or longer cuts. As expected, the Organization of the Petroleum Exporting Countries, along with other non- OPEC...