International Organizations OPEC

  • *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optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said clients have withdrawn excess cash and positions held in the largest German lender.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.

  •  Oil Rig at night, silhouette

    OPEC's plan to limit oil output could boost crude prices next year and help energy companies return to earnings growth, Doug Terreson said.

  • Oil prices pared gains as optimism over an OPEC plan to limit output was offset by questions over its ability to rebalance the market.

  • Gas flare from an offshore oil rig platform.

    Oil prices are surging off of a very bullish news event. So why is the biggest oil ETF still down on the year?

  • *Oil prices slip as investors question OPEC results. NEW YORK/ LONDON, Sept 29- Gold was up a shade on Thursday after the dollar flip-flopped in the wake of mixed U.S. data and as scepticism grew over whether OPEC members would be able to implement production cuts that could fuel inflation. Gold pared earlier gains in the aftermath of a decision by the OPEC on...

  • OPEC deal not as good as it sounds?

    Helima Croft, RBC Capital Markets Global Head of Commodity Strategy, and Fadel Gheit, Oppenheimer & Co. Senior Energy Analyst, discuss the OPEC agreement and whether it will actually materialize.

  • Workers tend to a well head during a hydraulic fracturing operation outside Rifle, Colorado.

    OPEC's promised deal will probably prop up oil prices, but it may also jump-start more U.S. shale drilling.

  • SAO PAULO, Sept 29- The Colombian peso jumped on Thursday on optimism that OPEC's plan to cut oil output for the first time in eight years could support crude prices. Other Latin American markets were mixed on Thursday after reacting to OPEC's decision the day before, when Colombia's currency market was closed. Brazil's Bovespa stock index fell 0.7 percent,...

  • *OPEC deal boosts energy shares, drugmakers down. LONDON, Sept 29 (Reuters)- European shares ended flat on Thursday as losses among drugmakers offset energy share gains following an OPEC deal to cut output, while Commerzbank slid after the German lender froze dividend payments. Ronny Claeys, senior strategist at KBC Asset Management, said the OPEC agreement was...

  • *Oil company shares add to gains after OPEC deal. NEW YORK, Sept 29- Energy shares buoyed global stocks on Thursday as crude prices added to the previous session's gains on optimism over a plan among OPEC members to curb output. The expected agreement lifted the currencies of crude-producing countries like Norway and Canada overnight while the safe-haven...

  • *Prices up 8 pct since news of OPEC cuts; WTI at month-high. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details of the plan 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.

  • Mohammed Al-Sada, Qatar's minister of energy and industry and president of OPEC

    One day after OPEC agreed to curb production for the first time since 2008, energy analysts are questioning the meaning of the pact.

  • Oil Rig, oil worker

    CNBC PRO used hedge fund analytics tool Kensho to find which stocks performed the best and worst when crude climbed $10.

  • *Shell, BP rise after OPEC agrees supply curbs. LONDON, Sept 29- Britain's top share index approached a 1-1/ 2 year high on Thursday, boosted by heavyweight oil companies after a decision by OPEC to curb output for the first time since 2008.. A rise in the shares of oil companies was the main driver behind the FTSE's gains, with Royal Dutch Shell jumping more than 6...

  • A Caterpillar 953C track loader moves soil to a dump truck as contractors work during the construction of residential housing in the Norton Commons subdivision in Louisville, Kentucky.

    After sliding 26 percent in 2015, Caterpillar has surged 27 percent in 2016 to become the Dow’s top dog.

  • NEW YORK, Sept 29- Oil prices rose nearly 2 percent on Thursday, extending their rally on optimism over OPEC's first output cut plan in eight years, although analysts questioned if the reduction will be enough to rebalance a heavily over-supplied market. OPEC said other details of the plan will be known at its policy meeting in November, leaving unanswered when...