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International Organizations OPEC

  • President Donald Trump and Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman meet at the White House in Washington, U.S., March 14, 2017.

    OPEC's production deal appears on shaky ground, as Saudi Arabia's deputy crown prince visited the White House.

  • Oil slid after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia. Even though OPEC made an upward revision to its global demand outlook, signs of even modestly higher Saudi output flustered investors. It doesnt look like oil supply is diminishing, "said Kim Forrest, senior equity research analyst at Fort...

  • Airline stocks dropped as a blizzard swept through the heavily populated northeastern United States, grounding thousands of flights. United Continental fell 4.7 percent to $66.55 while Southwest Airlines dropped 3.0 percent and American Airlines lost 2.7 percent. Oil prices slid to the lowest since late November after OPEC reported a rise in global crude...

  • *Oil decline pushes 30- and 10- year yields lower. NEW YORK, March 14- U.S. long-dated and benchmark Treasury yields edged lower on Tuesday after a drop in oil prices was viewed as a deflationary sign, but the drop in yields was limited as investors awaited the Federal Reserve's policy statement on Wednesday. Oil prices slid to three-month lows after OPEC reported a...

  • Airline stocks slipped as a blizzard swept through the heavily populated northeastern United States, grounding thousands of flights. United Continental fell 4.7 percent to $66.55 while Southwest Airlines dropped 3.1 percent and American Airlines lost 2.8 percent. Oil prices slid to three-month lows after OPEC reported a rise in global crude inventories...

  • *Global production gains offset OPEC demand growth forecast. NEW YORK, March 14- Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have now erased nearly all gains since OPEC announced output cuts in November. Even though OPEC made an upward...

  • President Donald Trump and Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman meet at the White House in Washington, U.S., March 14, 2017.

    Discussing the state of the oil market including worries over inconsistent Saudi Arabian oil production data, with Brenda Shaffer, Georgetown University, and Francisco Blanch, Bank of America Merrill Lynch.

  • The Saudi Oil Minister Khaled al-Faleh attends the 15th International Energy Forum in Algiers on September 27, 2016, on the eve of an informal OPEC meeting the next day.

    Kate Richard, Warwick Energy CEO, discusses the plunge in oil prices and what it means for energy producers.

  • Saudi Arabia's energy minister Khalid al-Falih

    A new report from OPEC spells even more trouble for struggling oil companies.

  • NEW YORK, March 14- Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in production from its biggest member, Saudi Arabia, that came despite output curbs by the group. Even though OPEC made an upward revision to its global demand outlook, signs of even modestly higher Saudi output flustered...

  • NEW YORK, March 14- Oil prices dropped on Tuesday, weighing down energy shares in the wake of a report of rising crude stocks, while the U.S. dollar strengthened ahead of an expected Federal Reserve decision to raise interest rates. Oil prices slid to three-month lows after OPEC reported a rise in global crude stocks and a surprise jump in production from its...

  • NEW YORK, March 14- Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in production from its biggest member, Saudi Arabia, that came despite output curbs by the group. Even though OPEC made an upward revision to its global demand outlook, signs of even modestly higher Saudi output flustered...

  • March 14- U.S. stocks drifted lower on Tuesday as oil prices fell for the sixth straight day and investors held off from making big bets ahead of a widely expected interest rate hike. Trading volumes were light as a blizzard in the northeastern United States grounded flights and kept people indoors. Oil prices slid to three-month lows after OPEC reported a rise in...

  • March 14- U.S. stocks were lower on Tuesday as oil prices fell and investors focused on the Federal Reserve's policy meeting, where it is widely expected to raise interest rates. Trading volumes were light as a blizzard in the northeastern United States grounded flights and kept people indoors. Oil prices slid to three-month lows after OPEC reported a rise in...

  • *OPEC still over-delivers on cuts in February. LONDON, March 14- OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices. In a monthly report, OPEC also said its biggest producer Saudi Arabia...

  • *Wall Street opens lower as energy shares weigh. NEW YORK, March 14- Oil prices tumbled on Tuesday, weighing down energy shares in the wake of a report of rising crude stocks, while the U.S. dollar strengthened ahead of an expected Federal Reserve decision to raise interest rates. Oil prices slid to three-month lows after OPEC reported a rise in global crude stocks...

  • *OPEC sees non- OPEC supplies rising, including U.S. shale. *Investors watching to see whether OPEC will extend cuts. LONDON, March 14- Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in production from its biggest member, Saudi Arabia, despite output curbs by the group.

  • LONDON, March 14- Global oil markets are gradually rebalancing, but progress has been slower and more uneven than the Organization of the Petroleum Exporting Countries and bullish hedge funds expected. OPEC as well as most commentators, crude traders and hedge funds have assumed the rebalancing of the oil market will be accompanied by a shift from contango...

  • *OPEC delivers more than pledged oil cut in February. LONDON, March 14- OPEC said on Tuesday oil inventories had continued to rise despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a glut. Russia and 10 other non- OPEC producers agreed to cut half as much.

  • *OPEC sees non- OPEC supplies rising, including U.S. shale. *Investors watching to see if OPEC will extend cuts. LONDON, March 14- Oil prices fell to three-month lows on Tuesday after OPEC reported that crude inventories in developed countries had risen above the five-year average in January despite production cuts by some of the world's largest exporters.