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International Organizations OPEC

  • VIENNA, Oct 28- OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives- officials who report to their respective ministers.

  • VIENNA, Oct 28- OPEC officials began talks in Vienna on Friday aimed at working out details of their oil supply-cut agreement, which they concede is looking more complicated by the day. The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives- officials who report to their respective ministers.

  • *OPEC, non- OPEC experts start production-cap discussions. LONDON, Oct 28- Oil prices edged lower on Friday and were set for the biggest weekly losses in six weeks over doubts about whether OPEC and non- OPEC oil producers will be able to agree on an output cut big enough to curb a global glut that has weighed on markets for two years. Experts from the Organization of the...

  • MILAN, Oct 28- Italian oil major Eni stuck to its targets on Friday, despite reporting a worse-than-expected net loss in the third quarter as a result of lower oil prices and a domestic production shutdown. Commitments by OPEC last month to restrain output to boost prices have helped buoy sentiment in the industry but Eni, like other oil companies, is still feeling...

  • SINGAPORE, Oct 28- Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years. Traders said there was reluctance in the market to move prices too far in either direction given the uncertainty...

  • It was another non-event at OPEC's last meeting.

    The oil market is taking a breather after the past month's rally sparked by hopes of an OPEC output limit.

  • Saudi Arabia is committed to higher crude prices: Pro

    Saudi Arabia is committed to bringing OPEC together but a 4 percent output cut seems unrealistic, says Credit Suisse's David Hewitt.

  • *Traders worried over whether OPEC can coordinate output cut. SINGAPORE, Oct 28- Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years. Traders said there was reluctance in the market to...

  • OPEC has long road ahead, likely to disappoint: Expert

    OPEC's next formal meeting will be acrimonious, as cracks start to appear in the bloc, says Harry Tchilinguirian of BNP Paribas' commodity derivatives group.

  • SINGAPORE, Oct 28- Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets for two years. Traders said there were significant doubts that the Organization of the Petroleum Exporting Countries would be able to rally its members and non-...

  • TORONTO, Oct 27- Canada's main stock index rose on Thursday, led by the energy sector as oil rallied and a slew of oil and gas companies reported quarterly earnings, while financials also gained ground as bond yields rose. U.S. crude oil futures settled up 54 cents at $49.72 a barrel as commitments from Gulf OPEC members to cut production assuaged some lingering...

  • *Oil rises on OPEC comments. NEW YORK, Oct 27- Strong growth data out of Britain prompted the biggest daily sell-off in government debt for months and pushed yields on the world's benchmark bonds higher on Thursday, as expectations eased for a Bank of England interest rate cut. Official data showed that growth in Britain's economy slowed only slightly in the three...

  • *Cushing, Oklahoma, delivery base, shed 650,000 barrels- Genscape. NEW YORK, Oct 27- Oil settled higher on Thursday, as commitments from Gulf OPEC members to cut production assuaged some lingering doubts in the market about cooperation from other producers. "Another day, another market being pushed and prodded around by OPEC rhetoric," said Matt Smith, director of...

  • Dennis Gartman

    It will be difficult to push oil prices much higher even if OPEC reaches an agreement to limit crude output, Dennis Gartman said.

  • An oil worker looks on as flames burn from a gas venting pipe on the Casablanca oil platform, operated by Repsol SA, in the Mediterranean Sea off the coast of Tarragona, Spain, on Tuesday, June 28, 2016.

    Oil edged above $50 a barrel on Thursday, drawing support from sources' comments that OPEC's Gulf members are willing to cut their output.

  • OPEC producers on the outs

    Dennis Gartman, The Gartman Letter Editor & Publisher, discusses the likelihood of an OPEC agreement over the weekend and his forecast for crude oil.

  • Deutsche Bank faces higher borrowing costs

    European stocks closed under pressure on Thursday afternoon; oil prices rally above $50 a barrel.

  • *Cushing, Oklahoma, delivery base, shed 650,000 barrels- Genscape. NEW YORK, Oct 27- Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers. The expectation was that Libya,...

  • Oil workers in the Permian basin outside of Midland, Texas.

    Wall Street is anticipating improvement in quarterly earnings from oil majors after many missed forecasts last quarter.

  • TORONTO, Oct 27- Canada's main stock index rose in morning trading on Thursday, with the energy sector up decently as oil prices rebounded and as a slew of oil and gas companies reported quarterly earnings. The energy group climbed 1.9 percent as oil edged above $50 a barrel, with a further drop in U.S. crude inventories countering investor doubts that OPEC will be...