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International Organizations OPEC

  • Strong dollar delivers 'double whammy' to oil: Stephen Schork

    Stephen Schork, The Schork Report provides his outlook on energy next year as the U.S. dollar continues to gain strength. I do think oil is near the top of the market, says Schork.

  • *Iran expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. SEOUL/ LONDON, Dec 28- Oil prices rose for a fourth consecutive session on Wednesday to trade above $56 a barrel, not far off their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year.

  • *OPEC, non- OPEC supply cut deal to kick in from Jan.1. SEOUL, Dec 28- Oil prices edged down on Wednesday as the market waits to see how OPEC and non- OPEC members carry through on planned supply cuts in the new year. OPEC and non- OPEC producers are expected to lower production by almost 1.8 million barrels per day, with Saudi Arabia, OPEC's largest producer, agreeing to bear...

  • *OPEC, non- OPEC supply cut deal to kick in from Jan.1. SEOUL, Dec 28- Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and non- OPEC members carry through on planned supply cuts in the new year. OPEC and non- OPEC producers are expected to lower production by almost 1.8 million barrels per day, with Saudi Arabia, OPEC's...

  • US focus is on energy: Expert

    Frank Troise at Leonteq Securities weighs in on the OPEC and non-OPEC oil production cuts in 2017 and how the U.S. plays into all of this.

  • Seoul, Dec 28- Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and non- OPEC members carry through on planned supply cuts in the new year. The market is taking a wait-and-see approach on the official start of the landmark deal reached by the Organization of Petroleum Exporting Countries and several non- OPEC...

  • Commodities tomorrow:

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

  • *OPEC, non- OPEC supply cut takes effect on Sunday. NEW YORK, Dec 27- Oil gained 1.5 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday. "Some of the doubts people are showing are going to have to be put to rest," said Phil Flynn,...

  • Oil workers on a rig platform in Colorado.

    With oil near $54 a barrel, U.S. crude futures are not far from the year's high of $54.51 high reached on December 12.

  • 1 marks the start of the pact by the Organization of the Petroleum Exporting Countries and several non- OPEC producers to lower production by almost 1.8 million bpd. Venezuela, a price hawk within OPEC and one of the nations worst affected by a fall in crude revenue since mid-2014, currently produces just over 2.4 million barrels of crude and condensates per day,...

  • *OPEC, non- OPEC supply cut takes effect on Sunday. LONDON/ NEW YORK, Dec 27- Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday. "Some of the doubts people are showing are going to have to be put to rest," said Phil...

  • A worker at the China Petroleum & Chemical Corp. (Sinopec) Yanshan refinery escorts journalists in Beijing.

    OPEC's effort to balance the oil market could have the unintended consequence of crimping China's crude demand, says Matt Smith.

  • Jan. 1 is the official start of the pact by the Organization of the Petroleum Exporting Countries and several non- OPEC producers to lower production by almost 1.8 million bpd. Venezuela, a price hawk within OPEC and one of the nations worst affected by the fall in crude revenue since mid-2014, currently produces just over 2.4 million barrels of crude and...

  • *OPEC, non- OPEC supply cut takes effect on Sunday. LONDON, Dec 27- Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday. The members of an OPEC and non- OPEC committee formed to monitor the market may meet on Jan. 13, two...

  • China- listed iron ore future contracts eked out gains after falling for nine straight days. Shares of miner Vale SA advanced 1.3 percent, adding the most points to Brazil's benchmark Bovespa stock index, while shares in steelmaker Cia Siderúrgica Nacional SA led the gains. Crude prices have gained support from a deal between OPEC and non- OPEC producers to cut...

  • *OPEC, non- OPEC supply cut takes effect on Sunday. *Libya, exempt from OPEC cut, boosts output further. LONDON, Dec 27- Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday.

  • *OPEC, non- OPEC supply cut takes effect on Sunday. *Libya, exempt from OPEC cut, boosts output further. LONDON, Dec 27- Oil steadied above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday.

  • *OPEC, non- OPEC supply cut takes effect on Sunday. *Libya, exempt from OPEC cut, boosts output further. LONDON, Dec 27- Oil edged further above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non- OPEC producers in 15 years takes effect on Sunday.

  • *OPEC, non- OPEC member output cut deal in force from Sunday. TOKYO, Dec 27- Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non- OPEC members in 15 years is scheduled to kick in. While major OPEC members led by Saudi...

  • TOKYO, Dec 27- U.S. oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non- OPEC members are set to start curbing output in less than a week to support oil prices. NYMEX crude for February delivery was up 16 cents at $53.18 a barrel by 0002 GMT, after closing up 7 cents at a 17- month high on Friday. Oil has been supported in the past several weeks as...