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International Organizations OPEC

  • Commodities tomorrow:

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

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. NEW YORK, Dec 28- Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the new year.

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. NEW YORK, Dec 28- Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the new year.

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. NEW YORK, Dec 28- Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the new year.

  • A worker adjusts the valve of an oil pipe at West Qurna oilfield in Iraq's southern province of Basra.

    A stronger dollar will reduce demand for oil and tempt producers to exceed newly agreed upon limits on crude production.

  • *Iran, Iraq expects OPEC to abide by agreement. *OPEC, non- OPEC supply cut deal to kick in from Jan.1. LONDON, Dec 28- Oil prices edged up for a fourth consecutive session on Wednesday, close to their peaks since mid-2015, with the market awaiting evidence of OPEC supply reductions in the new year.

  • 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...