International Organizations OPEC

  • Iran will take part in the production cut: OPEC SecGen

    Mohammad Sanusi Barkindo, secretary general of OPEC, talks about the recent agreement in Algiers to reduce oil production.

  • Oil prices will stage a modest recovery in Q4 to average $50 a barrel, but additional gains will hinge on OPEC, a CNBC survey showed.

  • Oil markets reacting based on sentiment: Expert

    An OPEC deal should push prices up, says Daryl Liew, head Of portfolio management at REYL Singapore.

  • TOKYO, Oct 12- Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market. OPEC will hold talks with non-member oil producers on Wednesday to try to thrash out details of a global agreement to cap production for at least six months as Russia lent its...

  • People carrying umbrellas walk by the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria.

    The current crude price rally on expectations OPEC will cut production is premature and won't end well, the Rapidian Group's Robert McNally said.

  • NEW YORK, Oct 11- Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut. The International Energy Agency, the energy watchdog of the West, said it was unclear how rapidly global oil supply could fall in line with...

  • NEW YORK, Oct 11- Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about much that would reduce a crude glut. The International Energy Agency, the energy watchdog of the West, said it was unclear how rapidly global oil supply could fall in line with...

  • Commodities tomorrow:

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

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    Oil fell on Tuesday on concerns a production cut by the world's largest exporters may not be enough to erode a global crude surplus.

  • OPEC successful at manipulating sentiment: McNally

    Bob McNally, The Rapidan Group Founder and President, discusses his views on the oil market and what OPEC may do at their upcoming meeting.

  • *OPEC, non- OPEC members to meet on Wednesday. Ministers from OPEC members embarked on a flurry of talks at an energy conference in Istanbul to shore up support for the OPEC deal they agreed in Algeria last month hoping to adopt it at the end of November. Representatives of some OPEC members and non- OPEC countries including Russia, Azerbaijan and possibly Mexico...

  • The world's largest oil exporter pumped 10.65 million barrels per day in September, up from 10.63 million bpd in August, according to official figures submitted to OPEC. Gulf OPEC member Kuwait reported that its oil production in September was at 2.97 million bpd compared with 2.98 in August, while the United Arab Emirates pumped 3.18 million bpd in September,...

  •  Oil Rig at night, silhouette

    Crude supplies fell for the first time since March, IEA reports, but an increase in petroleum products looms.

  • SAO PAULO, Oct 11- Latin American stocks and currencies seesawed on Tuesday as traders awaited minutes from the Federal Reserve's policy meeting for clues over the possibility of a rate hike this year. Crude prices had hit a one-year high on Monday after Russia said it was ready to join OPEC in reducing oil production. Brazil's benchmark Bovespa stock index fell...

  • ISTANBUL, Oct 11- Saudi Arabia's Energy Minister Khalid al-Falih will not attend meetings on Wednesday between OPEC and non- OPEC countries in Istanbul but told Reuters he saw signs that countries outside OPEC were willing to contribute to balancing the oil market. OPEC officials are embarking on a flurry of meetings to nail down details of an agreement...

  • NEW YORK, Oct 11- Oil fell almost 2 percent on Tuesday, retreating from one-year highs, after mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output. The International Energy Agency, the energy watchdog of the West, also said it was unclear how rapidly global oil supply could fall in line with demand even if...

  • NEW YORK, Oct 11- Crude oil prices slipped on Tuesday, retreating from one-year highs, after mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output. Igor Sechin, Russia's most influential oil executive and the head of Rosneft, told Reuters that his company will not cut or freeze oil production as part of a...

  • Treasury yields rose on Tuesday with benchmark 10- year notes hitting their highest since June 3 as risk appetite returned to markets following Friday's largely in-line U.S. nonfarm payrolls report and Russia's announcement it would cut oil production in line with OPEC. Crude oil futures jumped as much as 3 percent on Monday, with Brent hitting a one-year...

  • Russian President Vladimir Putin, right, listens to Igor Sechin, CEO of Rosneft.

    Russia's most influential oil executive said his company will not cap oil production as part of a possible agreement with OPEC.

  • Oil prices retreat

    CNBC's Steve Sedgwick reports oil prices slip from one-year highs as oil producers hold an informal meeting at the World Energy Congress.