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International Organizations OPEC

  • *Loonie touches its weakest since March 1 at C $1.3548. U.S. crude oil futures settled $1.25 lower at $43.41 a barrel after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply. "I think things will probably continue to be volatile, probably moving against the...

  • *OPEC says October output reaches new high. *IEA sees glut far into 2017 unless OPEC cuts output. NEW YORK, Nov 11- Oil prices settled down more than 2 percent on Friday after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices tumbled more than 2.5 percent on Friday after OPEC said October output reached another record.

  • LONDON, Nov 11- Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernise and streamline an industry known for graft and mismanagement. The ministry seeks, in the proposal, to end the OPEC member's reliance on oil exports and shift to a "gas-based industrial economy," and said Nigeria needs to reform...

  • *OPEC says October output reaches fresh high. *IEA sees glut far into 2017 unless OPEC cuts output. NEW YORK, Nov 11- Oil prices tumbled more than 3 percent on Friday after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.

  • LONDON, Nov 11- Nigeria outlined a plan to overhaul state oil company NNPC and eventually list it on the stock exchange in a bid to modernise and streamline an industry known for graft and mismanagement. The ministry seeks, in the proposal, to end the OPEC member's reliance on oil exports and shift to a "gas-based industrial economy," and said Nigeria needs to reform...

  • LONDON, Nov 11- OPEC members are making the task of oil market rebalancing harder by maximising their production ahead of a ministerial conference at the end of November. OPEC output is actually increasing, putting downward pressure on oil prices, even while the organisation's members are in talks designed to reduce output in future, with the intention of...

  • *OPEC output as much as 1.14 million bpd above new supply target. The Organization of the Petroleum Exporting Countries pumped 33.64 million barrels per day last month, according to figures OPEC collects from secondary sources, up 240,000 bpd from September, OPEC said in a monthly report. The OPEC figures point to a bigger surplus than those of the International...

  • *OPEC says October output reaches fresh high. *IEA sees glut far into 2017 unless OPEC cuts output. LONDON, Nov 11- Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly.

  • *OPEC output as much as 1.14 million bpd above new supply target. The Organization of the Petroleum Exporting Countries pumped 33.64 million barrels per day last month, according to figures OPEC collects from secondary sources, up 240,000 bpd from September, OPEC said in a monthly report. The OPEC figures point to a bigger surplus than those of the International...

  • *IEA sees glut far into 2017 unless OPEC cuts output. LONDON, Nov 11- Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. While investors were always sceptical that a deal to cut or freeze oil output could be reached and implemented at...

  • *IEA expects glut to last far into 2017 unless OPEC cuts output. LONDON, Nov 11- Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. The supply overhang could run into a third year in 2017 without an output cut from the Organization of...

  • *IEA expects glut to last far into 2017 unless OPEC cuts output. SINGAPORE, Nov 11- Oil prices dipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. The IEA suggested prices may continue to retreat amid relentless supply growth unless OPEC...

  • *IEA expects glut to last far into 2017 unless OPEC cuts output. SINGAPORE, Nov 11- Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. The IEA suggested prices may continue to retreat amid relentless supply...

  • *IEA expects glut to last far into 2017 unless OPEC cuts output. SINGAPORE, Nov 11- Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. In its monthly oil market report, the group said global supply rose by 800,000...

  • Commodities tomorrow:

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

  • *Doubts remain over OPEC's ability to implement output cap. President-elect Donald Trump's victory and focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production. The Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 30 for talks on output cuts.

  • Warwick Energy CEO, Kate Richard

    Specifics about Donald Trump's energy policy need to be worked out, but his presidency is bullish for energy, Warwick Energy's CEO says.

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

    The markets focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production.

  • *Doubts remain over OPEC's ability to implement output cap. President-elect Donald Trump's surprise victory and focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production. The Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 30 for talks on output cuts.