International Organizations OPEC

  • SINGAPORE, Oct 17- Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC- output which comes amid slowing global economic growth that could erode fuel demand. West Texas Intermediate crude oil futures were trading at $50.16 per barrel at 0115, down 19 cents from their last settlement.

  • SINGAPORE, Oct 17- Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC- output, and slowing global economic growth which could erode fuel demand. West Texas Intermediate crude oil futures were trading at $50.03 per barrel at 0030, down 32 cents from their last settlement. "Record supply from OPEC year-to-date, weaker...

  • NEW YORK, Oct 14- Hedge funds boosted their bullish bets on U.S. crude oil for the third week in a row to a more than two-year high, data showed on Friday, as non- OPEC countries raised expectations of a joint effort with OPEC members to cut output. Oil prices during the time jumped more than 4 percent and Brent crude hit a one-year high on Oct. 10 after Russia said it was...

  • *Dollar rally and oil rigs rise balanced by OPEC cut hopes. NEW YORK, Oct 14- Oil prices fell slightly on Friday as traders balanced a stronger dollar and another increase in the U.S. oil rig count against expectations that more OPEC talk of output cuts will keep crude above $50 per barrel. Brent, the London- traded crude benchmark, settled down 8 cents, or 0.2 percent, at...

  • A Shell Oil facility in Carson, California

    Oil prices gave up early gains on Friday, as abundant crude supplies outweighed tighter U.S. fuel inventories and OPEC's plans to cut output.

  • Saudi Defense Minister and Deputy Crown Prince Mohammed bin Salman gestures during a press conference in Riyadh, on April 25, 2016.

    Saudi Arabia's first international bond sale is symbolic of the kingdom's shifting fortunes. It's a way to shore up cash and the economy.

  • *Doubts about OPEC's cut deal keep rally in check. LONDON, Oct 14- Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output. Brent crude reached a 2016 high near $54 on Monday, underpinned by OPEC's Sept. 28 deal to reduce oil production, before...

  • *Doubts about OPEC's cut deal keep rally in check. LONDON, Oct 14- Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output. Brent crude reached a 2016 high near $54 on Monday, underpinned by OPEC's Sept. 28 deal to reduce oil production, before...

  • *Doubts about OPEC's cut deal keep rally in check. LONDON, Oct 14- Oil climbed further above $52 a barrel on Friday, supported by a drop in U.S. fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output. Brent crude reached a 2016 high near $54 on Monday, underpinned by OPEC's Sept. 28 deal to reduce oil production, before...

  • *Doubts over planned OPEC- led cuts still weigh on crude. SINGAPORE, Oct 14- Oil prices edged up on Friday, pushed by a tighter U.S. fuel market and as technical indicators attracted buying from financial players, but doubts over the feasibility of a planned production cut still weighed on markets. Following a dip in early trading, international Brent crude futures...

  • *But doubts over planned OPEC- led cuts still weigh on crude. SINGAPORE, Oct 14- Oil prices edged up on Friday, pushed by a tighter U.S. fuel market and as technical indicators attracted buying from financial players. Following a dip in early trading, international Brent crude futures were trading at $52.08 per barrel at 0149 GMT, up 5 cents from their previous close.

  • *Analysts doubt a planned OPEC- led cut will rebalance markets. International Brent crude oil futures were trading at $51.85 per barrel at 0050 GMT, down 18 cents, or 0.35 percent, from their previous close. Traders said the dip was a result of scepticism that a planned oil output cut by the Organization of the Petroleum Exporting Countries and potentially non- OPEC...

  • *OPEC action seen setting way forward for prices. NEW YORK, Oct 13- Oil prices settled up on Thursday after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks. Crude prices fell initially when the U.S. Energy Information Administration said crude stocks swelled 4.9 million barrels in the week...

  • *OPEC action seen setting way forward for prices. NEW YORK, Oct 13- Oil prices settled up on Thursday after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks. Crude prices fell initially when the U.S. Energy Information Administration said crude stocks swelled 4.9 million barrels in the week...

  • Crude oil prices turned positive on Thursday as refined products futures rallied on stockpile draws in U.S. gasoline and distillate fuel oil.

  • *OPEC output at 8- year high limits market advance. Also weighing on the market was data from Wednesday showing OPEC output at record highs despite the producer group's pledges to cut production soon to rein in a global crude glut. Brent crude was down 4 cents at $51.77 per barrel by 9:16 a.m. EDT, after dropping as much as 48 cents earlier.

  • LONDON, Oct 13- Nine months after sanctions on Iran were lifted, some of the world's biggest traders have yet to strike major oil deals with the OPEC member, stymied by Tehran's tough stance on marketing its crude and restrictions on dollar trades. "It's still very difficult," Ian Taylor, chief executive of commodity trading house Vitol, said. Taylor said that while...

  • *OPEC pumps 33.39 mln bpd in Sept, highest in at least 8 yrs. LONDON, Oct 13- The price of crude oil climbed on Thursday, gaining support from record Chinese imports, but gains were limited after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stocks. OPEC on Wednesday reported its oil...

  • *OPEC pumps 33.39 mln bpd in Sept, highest in at least 8 yrs. SINGAPORE, Oct 13- Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles. Traders said oil markets had come under pressure after the Organization of the Petroleum Exporting Countries...

  • Andurand runs analysis on about 10,000 oil fields around the world and says that declining production by non- OPEC producers, such as the United States, and a gradual drop in the amount of oil in storage have persuaded him that this year's rally is here to stay. OPEC, which supplies roughly a third of the world's oil, last month unveiled plans to limit production to...