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International Organizations OPEC

  • BEIRUT, Nov 28- Iran's oil minister said members of the Organization of Petroleum Exporting Countries could agree a plan to limit oil production at their meeting in Vienna this week if they put aside political rivalries and focus on economic factors. "If we look at the OPEC meeting from an economic point of view we can reach an agreement soon to freeze oil output to...

  • *Stocks fall on Wall Street weighed by consumer, banks. NEW YORK, Nov 28- Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but was still slightly lower. "It looks much more like a correction than anything else- a Monday morning clearing of the...

  • *Italy referendum, ECB and OPEC meeting outcomes awaited. NEW YORK, Nov 28- U.S. "The selloff has been quite dramatic," said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York.

  • *Iraq says it will cooperate to reach agreement. *But rising U.S. output could undermine OPEC cut. In post-settlement trading, oil futures pared gains after Reuters reported that OPEC experts did not agree on the details of a deal to cut output.

  • The dollar edged down on Monday, surrendering some gains after a sharp rally that followed Trump's surprise victory.

  • OPEC experts ended their meeting on Monday without agreeing on details of a planned reduction in oil output by individual countries.

  • OIL FUTURES PARE GAINS AFTER SETTLEMENT AFTER REUTERS REPORTS OPEC EXPERTS DID NOT AGREE ON DETAILS OF OIL OUTPUT DEAL.

  • Gold rose over 1 percent, recovering from 9-1/2 month lows, as the U.S. dollar extended losses after touching a near 14-year high last week.

  • *OPEC experts meeting fails to resolve Iraq, Iran issues. VIENNA, Nov 28- OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non- OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. A gathering of OPEC experts failed to reach a compromise on how exactly...

  • The coordination also included a dialog between Russia and OPEC member countries, the Kremlin said, adding that both men noted the importance of measures taken through OPEC to reduce output as a key factor in stabilizing the world oil market.

  • *Stocks fall on Wall Street weighed by consumer, banks. *Crude volatile ahead of OPEC meeting. NEW YORK, Nov 28- Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but was still slightly lower.

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. The S&P 500 has jumped 3.4 percent since Nov. 8, while the small-cap Russell 2000 has soared 11.9 percent.

  • *Iraq says it will cooperate to reach agreement. *But rising U.S. output could undermine OPEC cut. Market watchers expected prices to remain volatile until OPEC's Wednesday meeting offers the market a definitive answer as to whether OPEC and non- OPEC producers can agree cuts.

  • OIL PRICES PARE GAINS AFTER REUTERS REPORTS OPEC EXPERTS STILL DEBATING, YET TO RESOLVE DIFFERENCES OVER IRAN, IRAQ OIL OUTPUT.

  • *Italy referendum, ECB and OPEC meeting outcomes awaited. NEW YORK, Nov 28- U.S. "The selloff has been quite dramatic," said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York.

  • Nov 28- Oil futures jumped on Monday after heavy falls in the previous session, reflecting volatility as OPEC officials try to salvage a deal to cut crude production ahead of a long-anticipated formal meeting of the group's ministers on Wednesday. But the chances of an agreement declined over the weekend after Saudi Arabia said oil markets would balance next...

  • CARACAS, Nov 28- Venezuela's bolivar currency has depreciated an unprecedented 60 percent in a month against the U.S. dollar on the black market to trade at nearly 3,500 on Monday, according to the widely-tracked web site DolarToday. That makes the largest-denomination note of 100 bolivars now worth less than 3 U.S. cents in the crisis-hit OPEC nation.

  • *Oil prices fluctuate on uncertainty regarding OPEC deal. Nov 28- U.S. stocks were lower on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in after a record-setting week. The dollar had been on a tear on expectations that President-elect Donald Trump's infrastructure spending plans would boost inflation.

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures were $1.10 higher at $48.34 per barrel by 1410 GMT, after falling in early morning trade, clawing back losses and falling again. Market watchers expected prices to remain volatile until OPEC's Wednesday meeting offers the market a definitive answer as to whether OPEC and non- OPEC producers can...

  • *But rising U.S. output could undermine OPEC cut. Brent crude futures were $1.10 higher at $48.34 per barrel by 1410 GMT, after falling in early morning trade, clawing back losses and falling again. Market watchers expected prices to remain volatile until OPEC's Wednesday meeting offers the market a definitive answer as to whether OPEC and non- OPEC producers can...