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International Organizations OPEC

  • *Hopes of OPEC supply cuts lift crude for second day. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for December. China's December refinery runs were up 3.7...

  • *Hopes of OPEC supply cuts lift crude for second day. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for December. China's December refinery runs were up 3.7...

  • West Texas Intermediate crude oil futures were trading up 20 cents at $51.57 per barrel at 0038 GMT. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices edged higher on Thursday, but swelling U.S. crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon"...

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

    Swelling U.S. crude stockpiles limited oil's rebound after the International Energy Agency said crude markets had been tightening.

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices edged higher on Thursday, but swelling U.S. crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon"...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices rose on Thursday, but swelling crude stockpiles in the United States limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far...

  • TORONTO, Jan 19- Canada's main stock index moved higher in morning trade on Thursday, helped by a jump in Canadian Pacific Railway shares and a rebound in uranium producer Cameco Corp.. Oil rallied from a one-week low as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices rebounded from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon" to gauge OPEC members' levels of compliance with promised cuts,...

  • DUBAI, Jan 19- Saudi Arabia's crude oil exports in November rose to 8.258 million barrels per day from 7.636 million bpd in October, official data showed on Thursday. But Riyadh led OPEC and other rival producers in December to reach their first deal since 2001 to curtail oil output and ease a global glut which had strained many producers' budgets.

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. LONDON, Jan 19- Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon" to gauge OPEC members' levels of compliance with promised cuts,...

  • DAVOS, Switzerland, Jan 19- Oil stocks around the world need to decline by at least another 270 million barrels to reach a five-year industry average for OPEC to be able to say the markets are becoming balanced, OPEC Secretary General Mohammed Barkindo told Reuters. OPEC agreed to reduce output in tandem with non-OPEC Russia and several other producers in...

  • OPEC SEC GEN SAYS BELIEVES IN RUSSIA'S COMMITMENT TO WORK WITH OPEC FOR THE LONG TERM.

  • DAVOS- OPEC SECRETARY GENERAL SAYS TOP GOAL OF OPEC OUTPUT CUTS IS TO ACCELERATE OIL STOCKS DRAWDOWN.

  • OPEC SEC GEN SAYS OECD STOCKS HAVE DECLINED TO BELOW 3 BLN BARRELS, GAP WITH 5- YEAR AVERAGE IS STILL 270 MLN BARRELS.

  • OPEC SEC GEN SAYS FOCUS IS TO BRING LEVELS OF OIL STOCKS TO A FIVE-YEAR INDUSTRY AVERAGE.

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. LONDON, Jan 19- Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon" to gauge OPEC members' levels of compliance with promised cuts,...

  • *OPEC/ non- OPEC deal to curb oil production on "probation"- IEA. LONDON, Jan 19- World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency said on Thursday. OPEC agreed in November to cut production by 1.2 million barrels per...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • *Rising U.S. shale production to counter OPEC, non- OPEC cuts. *IEA keeps demand for OPEC crude in 2017 steady at 32.9 bpd. LONDON, Jan 19- Oil bounced back from a one-week low on Thursday as the International Energy Agency said global oil markets were tightening even before cuts promised by OPEC and other producers could take shape.