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International Organizations OPEC

  • OPEC technical teams fail to reach output deal -Report

    CNBC's Steve Sedgwick reports from Vienna where OPEC ministers are meeting on whether a deal will materialize tomorrow.

  • *OPEC experts could not agree details in Monday talks. VIENNA, Nov 29- Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday...

  • *OPEC meeting eyed, oil prices dip again. LONDON, Nov 29- The dollar inched higher on Tuesday after a rollercoaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events for the $5 trillion a day currency market. But players are also concerned about holding the euro into Sunday's Italian referendum or the yen into a meeting of OPEC...

  • *OPEC members disagree over who should cut output and by how much. *Asian OPEC buyers to look for alternatives if OPEC cuts output. Non- OPEC producer Russia confirmed on Tuesday it would not attend the OPEC gathering, but added that a meeting between the group and non-affiliated producers at a later stage was possible.

  • *OPEC members disagree over who should cut output and by how much. *Asian OPEC buyers to look for alternatives if OPEC cuts output. Non- OPEC producer Russia confirmed on Tuesday it would not attend the OPEC gathering, but added that a meeting between the group and non-affiliated producers at a later stage was possible.

  • *OPEC members disagree over who should cut output and by how much. SINGAPORE, Nov 29- Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices. Non- OPEC oil production giant Russia...

  • *OPEC could agree first output cut in nearly a decade. *Asia, no. 1 oil user region, already imports non- OPEC oil. As they gather, tanker shipments to Asia from non- OPEC sources like Alaska, Azerbaijan, and the North Sea are growing, according to shipping data in Thomson Reuters Eikon.

  • Asia markets traded mixed as traders looked ahead to key global events including an OPEC meeting and the U.S. nonfarm payroll report.

  • Elements are there for a deal, but nothing certain: Expert

    Jamie Webster, fellow at Columbia SIPA Center on Global Energy Policy, says “it’s not looking that good” when it comes to hopes of OPEC coming to a consensus on a production cut.

  • Living in a ‘multipolar’ oil market: Expert

    Jamie Webster, fellow at Columbia SIPA Center on Global Energy Policy, talks about the multiple factors influencing the energy market.

  • *OPEC members disagree over who should cut and how much. SINGAPORE, Nov 29- Oil prices fell on Tuesday on market jitters over whether producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices. The Organization of the Petroleum Exporting Countries is...

  • OPEC's last accord to cut production was in 2008

    CNBC’s Steve Sedgwick talks about how important the relationship between Saudi Arabia and Iran will be when it comes to the OPEC meeting.

  • Oil trades choppy ahead of OPEC meeting

    When it comes to finding a consensus on oil output, CNBC’s Steve Sedgwick explains why OPEC’s credibility is on the line this November.

  • ASTANA, Nov 29- Kazakhstan's Energy Minister, Kanat Bozumbayev, has not yet decided whether to attend the meeting of OPEC members and other oil producers in Vienna, he told Reuters on Tuesday. OPEC experts ended a Monday meeting without agreeing details on how much individual countries would cut in the output reduction plan to be presented to an OPEC ministerial...

  • *Asia shares mixed flat after modest Wall St pullback. SYDNEY, Nov 29- The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. Oil prices wobbled on doubts Wednesday's OPEC meeting would deliver a lasting deal, and even...

  • *Volatile oil prices ahead OPEC meeting damp risk sentiment. The Organization of the Petroleum Exporting Countries will gather in Vienna on Wednesday to discuss a planned output cut in an effort to curb a supply glut. Worries about Italy's banking system have been mounting ahead of a Dec. 4 referendum on constitutional reform, which could unseat the government...

  • *HK dips as oil price wavers ahead of OPEC meeting. SHANGHAI, Nov 29- China's blue-chip CSI300 index is on track to rise for a seventh straight day, as investors, led by insurers, bet on modestly-valued, high-dividend sector leaders, reflecting growing confidence in the economy. Hong Kong markets dipped, however, weighed down by energy shares as oil price dipped on...

  • Spot gold was down 0.36 percent at $1,189.10 an ounce U.S. gold futures were 0.2- percent lower at $1,188.50 per ounce. If the meeting leads to higher oil prices, that should have some inflationary pressure across the global economies, especially the U.S. and that could lead to lower gold prices, "said Barnabas Gan, analyst at OCBC Bank in Singapore.

  • *OPEC members disagree over who should cut and how much. *Non-OPEC member Russia so far not participating in talks. SINGAPORE, Nov 29- Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices.

  • *OPEC members disagree over who should cut and how much. *Non-OPEC member Russia so far not participating in talks. SINGAPORE, Nov 29- Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices.