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International Organizations OPEC

  • Where are oil prices headed this year?

    Expect limited upside on crude prices in the first half of 2017, says Azlin Ahmad at Argus Media.

  • CARACAS, Jan 2- Venezuela has issued $5 billion in bonds maturing in 2036 to a state-owned bank, a source familiar with the situation said on Monday, in an unorthodox operation that does not immediately bring in new funds for the cash-strapped OPEC nation. State-run Banco de Venezuela bought the dollar-denominated notes in local currency at a heavily...

  • YENAGOA, Nigeria, Jan 1- A group of former Nigerian militants said on Sunday it had lost confidence in the president's efforts to end attacks on oil facilities in the Niger Delta, a major goal in efforts to reach a lasting peace settlement. The attacks in the OPEC member's energy hub, coupled with low oil prices, have helped to push Africa's biggest economy into...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. U.S. benchmark West Texas Intermediate crude futures...

  • This comes on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.

  • A customer prepares to pump gasoline at an Arco gas station in Mill Valley, Calif.

    After a year of relatively cheap driving, gasoline prices are creeping higher and consumers could even see a price spike by mid-2017.

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil traded slightly lower on Friday, but was still on track for its biggest annual gain since 2009, after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. Or 0.3 percent, at $53.59 a barrel by 1:09 p.m. EST, while Brent...

  • 15th International Energy Forum (IEF15) informal meeting of the Organization of Petroleum Exporting Countries (OPEC) in the nation palaces bread club.

    Oil market analysts say chances are slim OPEC will achieve 100 percent compliance with production cuts scheduled to begin next week.

  • Oman to reduce crude term volume in sign of OPEC cut compliance. Dec 30- Oil prices were down on Friday, but were still on track for their biggest annual gain since 2009 after OPEC and other major producers agreed to cut output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices were on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale...

  • *Oman to reduce crude term volume in sign of OPEC cut compliance. LONDON, Dec 30- Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers agreed to cut crude output to reduce a global supply overhang that has depressed prices for two years. The fall in prices due to oversupply, in part thanks to the U.S. shale oil...

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.

  • Crude oil output cuts announced by OPEC, stronger-than-expected demand in top commodities market China and expectations of higher infrastructure spending in the United States after the victory of Republican candidate Donald Trump all boosted prices. Looking forward, oil prices should gradually rise towards $60 a barrel by end-2017, a Reuters survey...

  • *Oman to cut crude term volumes by 5 pct in March. Singapore, Dec 30- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non- OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 15 cents or 0.3 percent at $53.92 at 0408 GMT.

  • Commodities tomorrow:

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

  • OPEC, non- OPEC monitoring group meet in Vienna Jan. 21-22. NEW YORK, Dec 29- Oil futures dipped on Thursday after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July last year. U.S. crude futures settled 29 cents, or 0.5 percent, lower at $53.77 a barrel while Brent crude fell 8 cents,...

  • CARACAS, Dec 29- Venezuelan President Nicolas Maduro on Thursday said his government would extend the use of 100- bolivar notes to Jan. 20, after a plan to withdraw those bills from the economy sparked nationwide protests and widespread looting. Maduro in December said the notes, the highest denomination bill in the inflation-plagued OPEC nation, would be...

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

    Crude stocks rose more than expected in the week to Dec. 23, as refineries cut output crude imports fell.

  • *OPEC, non- OPEC monitoring group meet in Vienna Jan. 21-22. U.S. light, sweet crude was down 37 cents at $53.69 by 12:02 p.m. ET while North Sea Brent crude was down 17 cents at $56.05 a barrel. Both crude oil benchmarks have made big gains this month, touching year-to-date highs after OPEC and other producers agreed to curb production in an attempt to balance an...

  • *OPEC, non- OPEC monitoring group meets in Vienna Jan. 21-22. U.S. light, sweet crude was down 16 cents at $53.90 by 10:21 a.m. ET while North Sea Brent crude was up 12 cents at $56.34 a barrel. Both crude oil benchmarks have made big gains this month since OPEC and other producers agreed to curb production in an attempt to balance an over-supplied fuel market.