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International Organizations OPEC

  • 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. OPEC experts started a meeting in Vienna at 0900 GMT and were due to make recommendations to their ministers on how exactly the...

  • *But rising U.S. output could undermine OPEC- cut. Brent crude futures fell 2 percent at one point, but regained ground to trade down 35 cents, or 0.74 percent, at $46.89 per barrel at 0749 GMT. Monday's fall came amid choppy trading and after prices tumbled more than 3 percent on Friday on disagreement between OPEC and non- OPEC crude exporters like Russia over who...

  • OPEC meeting

    Credibility is in focus as OPEC meets this week in Vienna on a proposal to curb output as speculation swirls a deal may not be reached, says Azlin Ahmad of Argus Media.

  • OPEC chatter is 'much ado about nothing'

    Fundamentals on supply key for crude prices, says V. Amamtha Nageswaran, CEO of Vansight.

  • *But rising U.S. output could undermine OPEC- cut. Monday's falls came after prices tumbled more than 3 percent on Friday on disagreement between OPEC and non- OPEC crude exporters like Russia over who should cut production by how much in order to curb a global supply overhang that has more than halved prices since 2014.. "I hold a very strong view, that the fiscal...

  • SINGAPORE, Nov 28- Oil prices regained some ground after steep losses made since Friday in choppy trading ahead of a planned producer meeting on Wednesday aimed at reining in global oversupply. Brent crude futures were trading at $47.20 per barrel at 0346 GMT, down 4 cents from their last close. Prices had tumbled over disagreement between the Organization of...

  • *Currencies brace for OPEC, Italy referendum, US jobs report. TOKYO, Nov 28- The dollar gave in to gravity on Monday and pulled further away from near 14- year highs as U.S. It had popped above 102.00 on Thursday, its highest since March 2003.

  • TOKYO, Nov 28- Japan's Nikkei share average fell on Monday morning, snapping a seven-day winning streak as investors took profits from its recent gains after the yen strengthened against the dollar. "People have been speculating when the rallies would end," said Hikaru Sato, a senior technical analyst at Daiwa Securities. "The OPEC meeting may trigger big...

  • *Spot gold was up 0.55 percent at $1,189.43 an ounce by 0031 GMT. *After a year of huge shocks to the market, investors' nerves will be tested twice more in the coming week as OPEC debates an oil output cut and Italy provides the first of several upcoming major European electoral tests. *Gold premiums in top consumer China jumped to the highest in nearly three years in...

  • *Saudi Arabia pulls out of preliminary OPEC talks. OPEC will meet in Vienna on Wednesday to decide on the details of a cut, potentially including non- OPEC members like Russia or Azerbaijan. A meeting between OPEC and non- OPEC producers that was to be held on Monday was called off after Saudi Arabia declined to attend.

  • *Currencies brace for OPEC, Italy referendum, US jobs report. The dollar could face some resistance this week ahead of potentially risk-laden events such as the midweek Organization of the Petroleum Exporting Countries meeting and Italy's Dec. 4 referendum on a constitutional reform. Crude oil has slumped amid uncertainty over whether OPEC would reach an...

  • Brent crude futures fell 1.9 percent in early Monday trade to $46.29 a barrel, after having slipped 3.6 percent on Friday on rising doubts over whether the Organization of the Petroleum Exporting Countries will reach an output deal. Saudi Arabia said on Friday it will not attend talks on Monday with non- OPEC producers to discuss supply cuts.

  • Global markets

    Toby Lawson of Société Générale points to nonfarm payrolls, Trump's cabinet appointments and an OPEC meeting as keys this week for bonds, the dollar and stocks.

  • Saudi Minister of Energy, Industrial and Mineral Resources Khalid al-Falih

    Energy minister Khalid al-Falih says that he believes the oil market will balance itself in 2017 even without intervention.

  • US dollar

    Dominic Schnider of UBS WM says positive economic data supports a Fed rate hike, which in the short run can keep the dollar on the strong side.

  • US rates

    Yields aren't going to rocket higher to pre-global financial crisis levels, explains Joe Magyer of Lakehouse Capital.

  • OPEC oil ministers meet in Vienna on Wednesday in an effort to finalize that deal; OPEC also wants non- OPEC producers such as Russia to support the intervention by curbing their output. "We expect the level of demand to be encouraging in 2017, and the market will reach balance in 2017 even if there is no intervention by OPEC. But OPEC intervention aims to expedite...

  • MOSCOW, Nov 26- Russia is continuing consultations with OPEC aimed at stabilizing oil markets and is positive about a global deal, Energy Minister Alexander Novak said on Saturday. In a statement, his ministry quoted Novak as saying OPEC had to reach consensus within the group before other producers could join such an agreement. Earlier, Russian news agencies...

  • DUBAI, Nov 26- Iran is optimistic OPEC can reach a deal on limiting oil supplies and plans to announce its own decision about any output curbs at the group's meeting next week, Iranian Oil Minister Bijan Zanganeh said on the ministry's official website SHANA. Bouterfa said Algeria's proposals called for 1.1 million barrels per day in cuts by OPEC members and...

  • DUBAI, Nov 26- Iran is optimistic about OPEC reaching an agreement and plans to announce its own decision about any output curbs at the group's meeting next week, Iranian Oil Minister Bijan Zanganeh said on the ministry's official website SHANA. The general trend and public statements suggest that OPEC can reach a viable agreement for its production and market...