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International Organizations OPEC

  • DeAngelis: Across the commodities complex we're a little bit lower here

    CNBC's Jackie DeAngelis reports the latest on natural gas inventories.

  • *Canadian dollar at C $1.3151, or 76.04 U.S. cents. Prices of oil, one of Canada's major exports, are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009. At 9:14 a.m. ET, the Canadian dollar was trading at C...

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • *Shares of Bank of America were little changed at $22.90 in choppy premarket trading after the lender's quarterly profit beat estimates, but its revenue fell short. *Wall Street closed lower on Thursday, a day after U.S. *Oil prices were down 1 percent on Friday on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of...

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • TOKYO, Jan 13- Iranian condensate exports are set to fall 17 percent to a five-month low this month, a source with knowledge of Iran's preliminary tanker schedule said, as main buyer South Korea cuts purchases by nearly half and takes more barrels from Qatar. Iran, a member of the Organization of the Petroleum Exporting Countries, does not publish monthly data on...

  • *Rising U.S. shale output could counter OPEC curbs. SINGAPORE, Jan 13- Oil prices inched up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $56.04 per barrel at 0632...

  • *OPEC compliance peaked at 80 pct during cut in 2009- IEA. LONDON/ DUBAI, Jan 13- OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. OPEC and the independent producers are cutting...

  • CARACAS, Jan 13- Venezuelan state energy company PDVSA projects oil production will remain near 23- year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed PDVSA, which accounts for nearly all of Venezuela's export revenues and is the socialist government's financial motor,...

  • BEIJING, Jan 13- China's crude oil imports jumped to a record high in December as refiners stepped up purchases ahead of a possible OPEC deal to cut supply and bolster prices, and as more independent refiners won import permits. China's December imports also exceeded the 8.09 million bpd imported by the United States in July, its highest level for 2016 to date,...

  • *Saudi Arabia says its output has fallen below 10 million bpd. *Rising U.S. shale output could counter OPEC curbs. SINGAPORE, Jan 13- Oil prices edged up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • *Saudi Arabia says its output has fallen below 10 million bpd. *Rising U.S. shale output to counter OPEC curbs. SINGAPORE, Jan 13- Oil prices edged up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • *Saudi Arabia says its production has fallen below 10 million bpd. *Rising U.S. shale output to counter planned OPEC curbs. SINGAPORE, Jan 13- Oil prices were steady on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.

  • *Loonie hits its strongest since Oct. 19 at C $1.3028. The Canadian dollar settled at C $1.3132 to the greenback, or 76.15 U.S. cents, stronger than Wednesday's close of C $1.3177, or 75.89 U.S. cents. The price of oil, one of Canada's major exports, rose on reports key OPEC members were cutting production as promised and on forecasts of strong demand growth in China.

  • *Other key OPEC members begin cutting oil production. NEW YORK, Jan 12- Oil prices rose more than 1 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production to reduce a global crude glut, and on forecasts of record demand in China. "The market is in a consolidation pattern, and as we get more and more signs of them...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil was supported by reports that key members of OPEC were starting to cut production and by forecasts of strong demand growth in China.

  • ABUJA, Jan 12- Nigeria's state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard by a slump in crude oil prices in the last two years, which helped to push the country into recession. The Nigerian National Petroleum Corporation...

  • *Other key OPEC members begin cutting oil production. LONDON/ NEW YORK, Jan 12- Oil prices rose nearly 2 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production as promised in a deal to reduce a global glut and on forecasts of record demand in China. Brent crude oil hit a high of $56.43 a barrel before easing...

  • *Other key OPEC members begin cutting oil production. LONDON, Jan 12- Oil prices jumped more than $1 a barrel on Thursday on news that key OPEC members were cutting production as promised and on forecasts of strong demand growth in China. Several OPEC members appear to be implementing the deal.

  • *Loonie hits its strongest since Oct. 19 at C $1.3028. The price of oil, one of Canada's major exports, rose on reports key OPEC members were cutting production as promised and on forecasts of strong demand growth in China. The currency's weakest level of the session was C $1.3195, while it touched its strongest since Oct. 19 at C $1.3028.