International Organizations OPEC

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  • SINGAPORE, July 13- Crude futures fell on Wednesday as investors locked in gains after oil prices surged nearly 5 percent in the previous session, partly on forecasts from the U.S. government and OPEC that demand would increase next year. There is maybe a little bit of profit taking ahead of the stats, "said Ben Le Brun, market analyst at Sydney's OptionsXpress.

  • SINGAPORE, July 13- Crude futures fell on Wednesday as investors locked in gains after oil prices surged nearly 5 percent in the previous session, partly on forecasts from the U.S. government and OPEC that demand would increase next year. There is maybe a little bit of profit taking ahead of the stats, "said Ben Le Brun, market analyst at Sydney's OptionsXpress.

  • Commodities tomorrow:

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

  • *OPEC confident of supply-demand balance in 2017. Saudi Arabia's energy minister also there were hundreds of millions of barrels of surplus crude oil in the global market, although a price above $50 a barrel was required to ensure continued investment in the space. Oil producing group OPEC said it was optimistic of seeing balance in supply-demand next year...

  • LONDON, July 12- OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices. However, the Organization of the Petroleum Exporting Countries in a monthly report also cut its forecast for...

  • *OPEC lowers 2016 demand growth forecast. *Saudi Falih says oil price above $50 per barrel needed. OPEC cut its forecast for world economic growth this year citing increased uncertainty following Britain's vote to leave the European Union and in its first 2017 forecast said the pace of oil demand growth would slip.

  • LONDON, July 12- OPEC on Tuesday was upbeat on the oil market outlook for 2017, saying global demand for its crude would be higher than its current production and excess oil inventories would be whittled down. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report. World oil demand will rise by 1.15 million barrels per...

  • LONDON, July 12- OPEC cut its forecast for world economic growth this year on Tuesday, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next year in its first 2017 forecast. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report.

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub. The militants, whose attacks briefly pushed Nigeria's crude production to 30- year lows in spring, have said they want a greater share of the OPEC member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

  • Commodities tomorrow:

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

  • YENAGOA, Nigeria, July 8- Militants launched a fresh round of attacks on oil pipelines in Nigeria's southern Niger Delta energy hub belonging to Italy's Eni and Aiteo, Nigerian security forces, Eni and a militant group said. The attacks are the latest in a spate targeting oil and gas facilities in the OPEC member's Niger Delta region over the last few months which...

  • Commodities tomorrow:

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

  • Oil Production

    Credit Suisse's David Hewitt explains how various Brexit scenarios might impact oil demand.

  • Labourers work at a well head in a PetroChina oil field in Tongnan, southwest China's Sichuan province

    Oil rose after a two-day decline lured buyers back, but analysts cautioned the market will remain pressured from a U.S. gas glut.

  • Commodities tomorrow:

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

  • TOKYO, July 6- Oil prices fell in Asian trading amid wider market turmoil set off by mounting concerns over the economic impact of Britain's vote to leave the European Union. U.S. crude was down 23 cents at $46.37 a barrel at 0158 GMT. The contract fell 5 percent to end at $46.60 on Tuesday as U.S. investors digested news of an OPEC increase in production after the July 4...

  • TOKYO, July 6- Oil prices fell in Asian trading amid wider market turmoil set off by mounting concerns over the economic impact of Britain's vote to leave the European Union. U.S. crude was down 31 cents at $46.29 a barrel at 0158 GMT. The contract fell 5 percent to end at $46.60 on Tuesday as U.S. investors digested news of an OPEC increase in production after the July 4...

  • TOKYO, July 6- Oil prices were up slightly in early Asian trading on Wednesday after sharp falls in the prior session, but gains were limited by ongoing concerns about the economic impact of Britain's vote to leave the European Union and a glut of crude. The contract fell 5 percent to end at $46.60 on Tuesday as U.S. investors got to digest news of an OPEC increase in...

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

    Oil prices tumbled as investors worried Britain's exit from the European Union would slow the global economy.