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International Organizations OPEC

  • SINGAPORE, July 21- Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day production...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear would consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. "We must all do our best to get rid of this tyrant," said Miguel Lopez, 17, holding a homemade shield...

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • Commodities tomorrow:

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

  • CARACAS, July 20- Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand elections and the scrapping of plans for a new congress they fear will consolidate dictatorship in the OPEC country. as he manned a roadblock on a Caracas thoroughfare that was devoid of traffic.

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • *U.S. crude stocks, high OPEC supplies pressure market. LONDON, July 20- Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made the previous session when falling U.S. crude and oil product inventories lifted the market. Brent futures, the international benchmark for oil prices, stood at $50.10 at 1257 GMT, 40 cents...

  • *Brent, WTI futures held below $50 a barrel. *U.S. crude stocks, high OPEC supplies pressure market. Brent crude futures, the international benchmark for oil prices, stood at $49.72 per barrel at 0939 GMT, 2 cents up from their last settlement.

  • *U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the $50-...

  • U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the key $50-...

  • LONDON, July 19- Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabias domestic crude stocks declined in 16 of the 19 months between November 2015 and May 2017 according to government data reported to the Joint Organisations Data...

  • U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude stocks lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the key $50- per-barrel...

  • SINGAPORE, July 20- Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market. However, Brent crude oil prices remain below the key $50 per barrel mark on concerns about high supplies from producer club OPEC despite a pledge to cut output in a bid to tighten the market. Brent crude futures, the...

  • MARACAIBO, Venezuela, July 19- Venezuela's severe economic crisis will worsen if President Nicolas Maduro presses ahead with a controversial new congress that would further undermine investor confidence in the OPEC nation, the head of the country's biggest business guild said. Despite months of protests by the majority-backed opposition and widespread...

  • Commodities tomorrow:

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

  • A worker stands at a pipeline, watching a flare stack at the Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali ('empty quarter') desert in Shaybah, Saudi Arabia.

    Oil prices popped then fizzled on a report Saudi Arabia may further cut exports, showing traders have grown skeptical of policy rumors.

  • LONDON, July 19- Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabias domestic crude stocks declined in 16 of the 19 months between November 2015 and May 2017 according to government data reported to the Joint Organisations Data...

  • LONDON, July 19- Russia is ready to continue working with OPEC to help rebalance oil markets, a Russian energy source said on Wednesday, adding that Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya. On Tuesday, a Saudi Arabian industry source said the kingdom hoped to accommodate the rise in...