International Organizations OPEC

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday. He has previously said discussions in Algiers will be consultations and...

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS said on Sunday. Russia, Iran and other major oil producers are due to take part in the...

  • ALGIERS, Sept 18- OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS said on Sunday. Barkindo said he was optimistic about the meeting in Algeria on Sept. 26-28.

  • OPEC CHIEF SAYS MAY CALL EXTRAORDINARY MEETING IF MEMBERS REACH CONSENSUS IN ALGIERS- APS STATE NEWS AGENCY.

  • Iran's President Hassan Rouhani

    Iran's President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices.

  • "Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers," the president said, referring to a meeting between OPEC and non- OPEC producers in Algeria next week, SHANA said. Tehran refused to join a previous attempt this year by OPEC and non-members such as Russia to stabilise...

  • "Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers," the president said, referring to a meeting between OPEC and non- OPEC producers in Algeria next week, SHANA said. Tehran refused to join a previous attempt this year by OPEC and non-members such as Russia to stabilise...

  • "Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers," the president said, referring to a meeting between OPEC and non- OPEC producers in Algeria next week, SHANA said. Tehran refused to join a previous attempt this year by OPEC and non-members such as Russia to stabilize...

  • "Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers," the president said, referring to a meeting between OPEC and non- OPEC producers in Algeria next week, SHANA said. Tehran refused to join a previous attempt this year by OPEC and non-members such as Russia to stabilize...

  • *Iran oil exports close to pre-sanctions level- source. LONDON, Sept 16- Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fuelled concerns that the global glut will persist. "We've seen a lot of bearish news this week: Libya, Nigeria, sceptical monthly reports from the IEA and OPEC and...

  • LONDON, Sept 16- The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output freeze, as demand slows and a global surplus becomes more entrenched. The Organization of the Petroleum Exporting Countries and Russia meet on the sidelines of the International Energy Forum...

  • LONDON, Sept 16- The price of oil has been caught in one of its most volatile couple of weeks in months after OPEC and rival Russia hinted they may discuss a possible output freeze, as demand slows and a global surplus becomes more entrenched. The Organization of the Petroleum Exporting Countries and Russia meet on the sidelines of the International Energy Forum...

  • Commodities tomorrow:

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

  • Commodities tomorrow:

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

  • A customer prepares to pump gasoline into her vehicle at a Chevron gas station in San Rafael, California.

    Drivers may see the cheapest average fall gasoline prices since the year President Barack Obama was first elected.

  • An oil pump jack in Russia

    Oil prices extended losses on Wednesday after data showed large weekly builds in U.S. petroleum products offset a surprise draw in crude stockpiles.

  • On Tuesday, crude futures settled down 3 percent after the world's energy watchdog and OPEC both revised forecasts that signaled the global crude glut could persist much longer than expected. "I am expecting an across-the-board build with a large build in crude oil as imports recover after the tropical storm in the Gulf," said Dominick Chirichella, senior...

  • Asia markets traded mostly lower on Wednesday, tracking U.S. losses, as uncertainty over central banks' next moves spurred jitters.

  • Oil Prices

    OPEC has been increasing their demand figures and forecasts every month, while decreasing their output, says Paradigm Securities' Barry Dawes.

  • *More driller resilience to low prices next year- OPEC. NEW YORK, Sept 13- Oil prices fell as much as 3 percent on Tuesday after both the world's energy watchdog and OPEC revised forecasts that signaled the global crude glut could persist for much longer than expected. "It seems the situation has deteriorated strongly in the eyes of OPEC, as well as the IEA," said...