International Organizations OPEC

  • *OPEC to agree production cut details at November meeting. LONDON, Sept 30- Oil prices fell on Friday on a stronger dollar and as investors cashed in on a 6- percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. Global benchmark Brent crude futures were down $1.03 at $48.21 a barrel by...

  • *OPEC to agree production cut details at November meeting. LONDON, Sept 30- Oil prices fell on Friday as investors cashed in on a 6- percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. Global benchmark Brent crude futures were down 75 cents at $48.49 a barrel by 0814 GMT, but still...

  • *Oil pulls back after Thursday gains on OPEC supply curb. LONDON, Sept 30- An eight percent slump in Deutsche Bank's already battered share price sent Europe into a fresh tailspin on Friday and left world equity markets sliding toward their worst week in three months. Germany's biggest lender, Deutsche, hit by a string of fines for wrongdoing and a sharp fall in its...

  • *US investors more confident in OPEC deal than Asia- invest chief. *U.S. shale, Russian oil may blunt OPEC cuts- BMI Research. The details, including the quotas for each member and the implementation data, will be finalised at OPEC' a policy meeting in November.

  • India's growing tension with Pakistan is expected to be only a temporary dent in investor sentiment, barring an escalation.

  • Will the OPEC agreement work?

    Marc Kofler, equity research analyst at Jefferies, shares his views on the announced OPEC agreement to reduce oil production.

  • *US investors more confident in OPEC deal than Asia- invest chief. *U.S. shale, Russian oil may blunt OPEC cuts- BMI Research. The details, including the quotas for each member and the implementation data, will be finalised at OPEC' a policy meeting in November.

  • OPEC

    FGE Chairman Fereidun Fesharaki explains that OPEC could not afford to come up with no agreement.

  • SAO PAULO, Sept 29- The Colombian peso rose on Thursday on optimism that OPEC's plan to cut oil output for the first time in eight years could support crude prices, but the Mexican peso fell in spite of an expected interest rate hike by the central bank. Other Latin American markets were mixed on Thursday after reacting to OPEC's decision the day before, when...

  • CARACAS, Sept 29- Venezuelan President Nicolas Maduro said on Thursday he expects non- OPEC oil-producing countries, like Russia, to support OPEC's efforts to boost oil prices by reducing crude output. "I am very optimistic that major non- OPEC producing countries, such as the Russian Federation, will also take part in this joint effort of OPEC countries."

  • *Deutsche, Wells Fargo woes drag Wall Street lower. *Oil holds gains after OPEC agreement to curb supply. SINGAPORE, Sept 30- Asian stocks followed Wall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on optimism over an OPEC plan to curb output.

  • TOKYO, Sept 30- Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect,...

  • *Prices up 7 pct on the week after news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • TORONTO, Sept 29- Canada's main stock index rose on Thursday to a one-week high as energy stocks added to sharp gains from one day before on a surprise output cut agreement by OPEC. Suncor Energy Inc rose 2.3 percent to C $36.41 and Canadian Natural Resources Ltd advanced 2.4 percent to C $42.14. The oil patch has been "thrown a bone" by the output cut, said Rick Hutcheon,...

  • *Crude futures add to Wednesday's gains on OPEC deal. NEW YORK, Sept 29- Crude oil futures rose on Thursday, adding to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender.

  • *Prices up 7-8 pct since news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • Gold bullion bars and coins.

    Gold reversed earlier losses on Thursday as all three major U.S. indexes hit session lows.

  • *Prices up 7-8 pct since news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • *Crude futures add to Wednesday's gains on OPEC deal. NEW YORK, Sept 29- Crude oil futures on Thursday added to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said clients have withdrawn excess cash and positions held in the largest German lender. The Organization of the Petroleum...

  • OPEC's oil deal - what you need to know

    U.S. sovereign bond prices rose on Thursday, as U.S. stocks turned lower amid a drop in the financials.