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International Organizations OPEC

  • *Figures show show 93 pct OPEC compliance with output deal. *Saudi Arabia cut deeper than expected- OPEC. LONDON, Feb 13- Oil prices fell on Monday in response to growing evidence that U.S. production is rising, but losses were capped by official OPEC production figures showing initial compliance with its landmark production reduction deal was as high as 93 percent.

  • U.S. stock index futures pointed to a higher open on Monday as traders eyed earnings and comments from the Fed later in the week.

  • *OPEC output falls 890,000 bpd in January, led by Saudi. *OPEC data points to 93 pct compliance with output curbs. Supply from the 11 OPEC members with production targets under the deal fell to 29.888 million bpd last month, according to figures from secondary sources that OPEC uses to monitor its output.

  • *OPEC to publish January compliance assessment on Monday. *OPEC compliance at 92 pct- Kuwait oil minister. "Bulls are liquidating ahead of the release of the monthly OPEC report due out shortly and yet another increase in U.S. rig counts is also playing part in the weakness," said Tamas Varga, senior analyst at London brokerage PVM Oil Associates.

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices were stable on Monday on signs that OPEC- led production cuts were reducing global overproduction, although bloated inventories and rising output elsewhere were weighing on markets. Kuwaiti Oil Minister Essam al-Marzouq said on Monday that the OPEC compliance was 92...

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC- led crude production cuts that have been more successful than most initially expected. "Traders will be keenly awaiting the release today of OPEC's monthly report.

  • :The DBS Group Holdings Ltd. logo is displayed atop the company's DBS Asia Hub building in Singapore, on Thursday, Feb. 9, 2012.

    Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.

  • *OPEC estimated to be achieving 90 pct of targetted output cuts. SINGAPORE, Feb 13- Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC- led crude production cuts that have been more successful than most initially expected. "Traders will be keenly awaiting the release today of OPEC's monthly report.

  • NEW YORK, Feb 10- Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards. Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude has held...

  • MOSCOW, Feb 11- Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non- OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.

  • NEW YORK, Feb 10- Buoyant oil prices since Donald Trump's election have provided no lasting halo effect for energy stocks as the sector's profit rebound has lacked vigor, but that could change in the week ahead with a fresh crop of quarterly scorecards. Helped by OPEC output cuts, oil prices are up roughly 20 percent since Trump's victory, and U.S. crude has held...

  • *OPEC compliance in January at 92 pct- OPEC figures. NEW YORK, Feb 10- Oil prices rose on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. The International Energy Agency- one of OPEC's six sources- said the cuts in January equated to 90 percent of the agreed reductions...

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

    Oil prices rose after news that OPEC members' initial compliance with last year's landmark production cut deal reached a record high.

  • *OPEC compliance in January at 92 pct- OPEC figures. NEW YORK, Feb 10- Oil prices rose on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. The International Energy Agency- one of OPEC's six sources- said the cuts in January equated to 90 percent of the agreed reductions...

  • Baker Hughes@ Feb 10- U.S. energy companies accelerated the rate of growth in oil rigs added over the past four weeks by the most since 2012 as drillers take advantage of a rise in crude prices since OPEC agreed to cut supplies in late November. RIG-OL-USA- BHI> During the same week a year ago, there were 439 active oil rigs. Baker Hughes oil rig count plunged from a record...

  • Feb 10- U.S. energy companies added oil rigs for a 14th week in the last 15, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed...

  • Qatar's Minister of Energy and the OPEC Conference President, Mohammed Bin Saleh Al-Sada (2nd L) and Secretary General of OPEC, Mohammad Sanusi Barkindo (2nd R) attend a press conference following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria on November 30, 2016.

    Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.

  • DUBAI/ LONDON, Feb 10- Eleven non- OPEC oil producers that joined a global deal to cut output to boost prices have delivered 40 percent of promised curbs in January, two OPEC sources said. The lower compliance figure for non- OPEC to date is partly due to the phased implementation of the deal by Russia, the largest non-producer cooperating with OPEC.

  • *OPEC compliance in January at 92 pct- OPEC figures. *IEA says OPEC compliance at 90 pct. The International Energy Agency- one of OPEC's six sources- said the cuts in January equated to 90 percent of the agreed reductions in output, far higher than the initial 60 percent compliance with a 2009 OPEC deal.

  • The Venezuelan delegation is visiting a number of OPEC and non- OPEC countries to coordinate and discuss oil market conditions. Novak said last month it was too early to talk about extending the current deal between OPEC and non- OPEC producers beyond the planned six months but that remained an option. OPEC members with production targets under the deal...