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International Organizations OPEC

  • OPEC deal seems more likely than not: Specialist

    Chances are OPEC will reach an output cut deal in Vienna, says Citigroup's Tim Evans, even as the difficulties involved in working out terms remain.

  • How will markets react to an OPEC deal?

    Kathy Lien, MD at BK Asset Management, says that commodity-linked currencies will squeeze higher if an OPEC output cut agreement goes through.

  • Brokers pointed to record volumes in call options that allow the holder to buy January futures at $60 per barrel, as a sign that some market participants were expecting a significant rally if members of the Organization of the Petroleum Exporting Countries agree on a deal. OPEC said in September it aimed to cut crude output to 32.5 million to 33 million barrels...

  • *OPEC members split over who should cut output and by how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. NEW YORK, Nov 29- Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day...

  • Members of the Organization of the Petroleum Exporting Countries were set to meet in Vienna on Wednesday, aiming to implement a deal outlined in September to cut output. "Hope springs eternal that something could still be hammered out, but it just feels like there's very low likelihood or optimism given Iran's position and whatnot," said Don Mikolich, executive...

  • TORONTO, Nov 29- Canada's main stock index fell to a new one-week low on Tuesday as energy stocks slumped due to major oil exporters' struggle to agree on terms of a planned production cut, while Bank of Nova Scotia gained after a solid earnings report. U.S. crude prices settled $1.85 lower at $45.23 a barrel, as Iran and Iraq resisted pressure from Saudi Arabia to...

  • A trader on the floor of the New York Stock Exchange.

    Stocks closed higher on Tuesday, led by health care, as investors digested falling oil prices ahead of a key OPEC meeting.

  • *Oil prices drop 4 pct on jitters about OPEC output accord. NEW YORK, Nov 29- Stock prices around the world rose on Tuesday following upbeat U.S. growth data and strength in U.S. healthcare shares, while oil prices tumbled to the weakest level in over a week on doubts OPEC could reach an accord to reduce output. "Optimism surrounding potential fiscal stimulus and some...

  • TORONTO, Nov 29- Canada's main stock index fell to a new one-week low on Tuesday as energy stocks slumped due to major oil exporters' struggle to agree on terms of a planned production cut, while Bank of Nova Scotia gained after a solid earnings report. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 15.55 points, or 0.10 percent, at...

  • *OPEC meeting, Italian referendum, Fed meeting eyed. NEW YORK, Nov 29- The dollar fell on Tuesday as it consolidated its position against most major currencies after a roller-coaster 24 hours which traders say may be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting. GDP report was unable to drive the dollar...

  • Commodities tomorrow:

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

  • *Trading volumes light ahead of OPEC meeting, Italy referendum. NEW YORK, Nov 29- U.S. President-elect Donald Trump's surprise victory on Nov. 8.

  • *OPEC members split over who should cut output and how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. *Asian OPEC buyers eye alternatives if OPEC cuts output.

  • Bijan Namdar Zanganeh, Iran's petroleum minister, center, speaks to journalists ahead of the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016.

    OPEC is crushing oil prices, and while an immediate drop to $42 per barrel could be in the cards, prices could drop even further.

  • Bond traders at CME Group

    U.S. government debt prices were mixed as investors digested economic data and comments from Federal Reserve Governor Jerome Powell.

  • Workers wash off hoses that are part of the oil rig owned by Liberty Resources, located just outside of Tioga, ND in the Bakken region of US.

    Oil prices fell on signs that leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.

  • An employee of Halliburton Company monitors a series of heavy duty pressure pumps for liquid carbon dioxide at a natural gas well site outside of Hope, in eastern New Mexico.

    Halliburton in particular has drawn interest in the energy space ahead of Wednesday’s big OPEC meeting.

  • *OPEC experts could not agree details in Monday talks. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output cuts. On Tuesday, tensions rose further after Iran wrote to OPEC saying it wanted Saudi...

  • The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours

  • *Oil prices drop 4 pct on jitters about OPEC output accord. NEW YORK, Nov 29- Stock prices around the world rose on Tuesday following upbeat U.S. growth data and strength in U.S. healthcare shares, while oil prices fell to the weakest level in over a week on doubts OPEC could reach an accord to reduce output. "Optimism surrounding potential fiscal stimulus and some...