International Organizations OPEC

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  • Commodities tomorrow:

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

  • The Philadelphia Energy Solutions oil refinery in Philadelphia.

    U.S. refiners could be helping set the stage for another day of reckoning for oil prices.

  • Two oil workers working on drilling rig

    U.S. crude oil stocks fell less than expected last week, while distillate inventories rose the most since January, the EIA said Wednesday.

  • *OPEC delegate says comments suggest change in Saudi view. LONDON, July 13- OPEC delegates say comments from top exporter Saudi Arabia, which two years ago led the group to drop its historic role of supporting oil prices, are a change in tone and a sign the kingdom is looking- verbally for now- to prop up the market. But OPEC insiders say Falih's comments, and a remark he...

  • LONDON, July 13- The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non- OPEC production, the International Energy Agency said on Wednesday. It said demand was growing thanks to good consumption in India, China and, surprisingly, Europe. Oil prices slumped to their lowest in over a...

  • LONDON, July 13- The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non- OPEC production, the International Energy Agency said on Wednesday. Oil prices slumped to their lowest in over a decade at $27 a barrel earlier this year from as high as $115 in 2014 after OPEC raised...

  • 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.