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International Organizations OPEC

  • OPEC JANUARY OIL OUTPUT FALLS 1.07 MILLION BPD MONTH/MONTH TO.

  • Supply from the 11 OPEC members with production targets under the deal in January has averaged 30.01 million bpd, according to the survey based on shipping data and information from industry sources, down from 31.17 million bpd in December. Compared with the levels that the countries agreed to make the reductions from, in most cases their October output, this...

  • Jan 31- The following table shows OPEC crude oil output in millions of barrels per day in January and December, according to a Reuters survey published on Tuesday. OPEC started reducing its output by about 1.20 million bpd on Jan. 1 in its first supply cut decision since 2008 to prop up prices. December's total was revised down because Venezuelan output was lower...

  • *OPEC cuts support, but rising U.S. output caps prices. LONDON, Jan 31- Oil prices slipped on Tuesday as rising U.S. drilling activity undermined efforts by OPEC and other producers to cut output in a move to prop up the market. Support from OPEC cuts and pressure from shale are still dominating the global oil market, keeping Brent close to $55 a barrel and U.S. crude not...

  • SINGAPORE, Jan 31- Oil prices dipped on Tuesday as rising U.S. drilling activity undermined efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.13 per barrel at 0752 GMT, down 10 cents from their last close. U.S. investment bank Jefferies said on Tuesday...

  • SINGAPORE, Jan 31- Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.10 per barrel at 0516 GMT, down 13 cents from their last close. U.S. investment bank Jefferies said that while " OPEC...

  • *Brent/WTI falling from $2.7/ b to just over $1/ b by November. SINGAPORE, Jan 31- Oil prices dipped on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.16 per barrel at 0421 GMT, down 7 cents from their last...

  • SINGAPORE, Jan 31- Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. West Texas Intermediate crude futures were at $52.58 a barrel, down 5 cents from their previous settlement. However, Brent sagged over 5 percent...

  • Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

    U.S. government debt prices were mostly higher on Monday as investors focused on economic data.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Global benchmark Brent crude oil prices settled down 29 cents at $55.23 a barrel, while U.S. crude futures settled down 54 cents at $52.63. First indications of compliance to that deal show members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, which tracks OPEC supply. Reuters' most recent survey indicated that OPEC...

  • A worker on a an oil drill near New Town, North Dakota.

    The number of active U.S. oil rigs rose to the highest since November 2015 last week, according to Baker Hughes data.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 24 cents at $55.28 a barrel at 1438 GMT, while U.S. crude futures traded down 25 cents at $52.92. "Oil prices are down because of the rise in the U.S. rig count," said Tamas Varga, analyst at PVM Oil Associates in London.

  • U.S. stock index futures pointed to a lower open on Monday amid a batch of earnings and economic data.

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 5 cents at $55.47 a barrel at 1226 GMT, while U.S. crude futures traded up 9 cents at $53.26. First indications of compliance to that deal show that members have cut production by 900,000 barrels per day in January, according to Petro-Logistics, a company that tracks...

  • *OPEC cut 900,000 bpd in January- Petro-Logistics. Global benchmark Brent crude oil prices were down 25 cents at $55.26 a barrel at 1010 GMT, while U.S. crude futures slipped 8 cents to $53.09. He also added that Petro-Logistics' report that OPEC members had cut production by 900,000 barrels per day in January was "not very encouraging" because it implied that only 75...

  • *OPEC cuts will quickly reduce global crude inventory- ANZ. TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing production in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery had dropped 28 cents to $55.24 a barrel by 0657 GMT, after settling down 72 cents on...

  • *OPEC cuts, Chinese output drop impact sour crude. From China to the United States to the shores of West Africa, the fastest-selling oil this year has been the so-called "heavy" or "sour" grades with a higher proportion of sulfur, which can make road fuels toxic and usually has to sell at a discount to other grades. The only two large OPEC producers of desirable "light"...

  • *OPEC cuts will quickly reduce global crude inventory- ANZ. TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery had dropped 28 cents to $55.24 a barrel by 0417 GMT, after settling down 72 cents on Friday.

  • TOKYO, Jan 30- Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers. London Brent crude for March delivery was down 26 cents at $55.26 a barrel by 0005 GMT after settling down 72 cents on Friday. "However we expect the reductions being made by OPEC will...