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International Organizations OPEC

  • *Brent up 19 pct, WTI up 16 pct since OPEC deal on Nov. 30. LONDON, Dec 5- Brent crude oil rose above $55 a barrel on Monday, trading at a 16- month high, on rising prospects of a tightening market after OPEC agreed a landmark deal to cut production last week. "OPEC sentiment continues to support oil markets.

  • TORONTO, Dec 5- Canada's main stock index rose in early trade on Monday, boosted by energy stocks as oil prices kept pushing higher after OPEC members agreed to cut production last week.

  • MOSCOW, Dec 5- Azeri Energy Minister Natiq Aliyev plans to visit Vienna on Dec. 10 to take part in a meeting between OPEC and non- OPEC nations, the Azeri energy ministry said on Monday. Non- OPEC nations are expected to contribute an output cut of 600,000 barrels per day as a part of a wider agreement with OPEC. The document finalising the agreement is due to be signed in...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC will meet non- OPEC countries to finalize a global oil output-limiting pact on Dec. 10 in Vienna, the first such meeting since 2002, OPEC's secretary general said on Monday. The Organization of the Petroleum Exporting Countries agreed last week to reduce oil output by around 1.2 million barrels per day beginning in January in a bid to reduce...

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • Dennis Gartman

    Dennis Gartman explains why the rally in oil, and OPEC deal, will not last long.

  • CARACAS, Dec 4- Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world's most inflationary currency, according to the central bank. Currently, the OPEC nation's largest note is worth just 2 U.S. cents on the black market, meaning cash transactions are extremely...

  • French President Francois Hollande speaks to journalists at the Prefectoral Palace the day after the Bastille Day truck attack, in Nice, France, July 15, 2016.

    European bourses closed lower Friday as political uncertainty in Italy and France intensified and investors eyed key economic data.

  • DUBAI, Dec 3- OPEC will meet non- OPEC countries to finalise a global oil limiting pact on Dec. 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting was due to take place in the Russian capital Moscow, but later said that plan had changed. OPEC agreed this week to reduce output by around 1.2 million barrels per day beginning in...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • Traders work on the floor of the New York Stock Exchange.

    Stephen Weiss of Short Hills Capital Partners reviews the main factors driving stocks and how investors should be positioned for next week.

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the...

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Brent crude was on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output.

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday above $51 a barrel with Brent crude on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market focused on the implementation and impact of...