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International Organizations OPEC

  • Commodities tomorrow:

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

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

    U.S. government debt prices were higher on Tuesday as investors digested a spike in Treasury yields ahead of a key Fed meeting.

  • NEW YORK, Dec 13- Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing. That was followed by a similar agreement this past weekend by non- OPEC countries, including Russia, to limit their output as...

  • Oil prices were stable, supported by strong demand in Asia and a supply cut by Abu Dhabi as part of wider production curbs.

  • *Abu Dhabi, Kuwait and Qatar cut say to cut supplies. LONDON/ NEW YORK, Dec 13- Oil prices rose on Tuesday, supported by strong demand in Asia and supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other exporters. West Texas Intermediate gained 20 cents to $55.03 a barrel, while International Brent crude was up 14 cents to $55.82.

  • Saudi officials have obtained pledges from OPEC members to cut production by almost 1.2 million barrels per day and from non- OPEC members by an extra 560,000 bpd during the first half of 2017.. But as negotiators narrowed their differences and then announced a deal among OPEC members nearly all those positions were closed: shorts were reduced by 174 million...

  • OPEC's Barkindo: Tillerson 'brings a lot to the table' in State Department

    CNBC's Jackie DeAngelis speaks with OPEC Secretary General Mohammad Barkindo about President-elect Trump's selection of Rex Tillerson for secretary of State as well as the state of the global oil industry.

  • Saudi officials have obtained pledges from OPEC members to cut production by almost 1.2 million barrels per day and from non- OPEC members by an extra 560,000 bpd during the first half of 2017.. But as negotiators narrowed their differences and then announced a deal among OPEC members nearly all those positions were closed: shorts were reduced by 174 million...

  • Discussing the state of the oil industry as OPEC cuts production and U.S shale companies leverage technology to make fracking more efficient, with Robert Raymond, RCH Energy and RR Advisors.

  • "If OPEC and its non- OPEC partners stick to their pledges, global inventories could start to draw in the first half of 2017," the IEA said, adding that this was not its own forecast, but was based on the agreement. The IEA said it had more than halved its forecast for non- OPEC supply growth for next year to 220,000 bpd, marking a cut of 255,000 bpd, following the agreement of...

  • PRAGUE, Dec 13- A re-balancing of world oil markets could occur in the first half of next year if production cuts by OPEC and other producers are implemented, International Energy Agency chief Fatih Birol said on Tuesday.

  • U.S. stock index futures pointed to a higher open on Tuesday as traders eyed an upcoming meeting by the Federal Reserve.

  • Oil prices surge on output freeze

    Matt Smith, ClipperData, shares his outlook on oil prices as optimism rises over a deal to cut production.

  • DUBAI, Dec 13- State-owned Qatar Petroleum said on Tuesday that Qatar's oil production would fall from Jan. 1 in line with last month's agreement for OPEC members to cut output.

  • Rig supervisor David Crow shows off the oil rig he manages foreElevation Resources at the Permian Basin drilling site in Andrews County, Texas, U.S. in this photo taken May 16, 2016.

    The next few weeks will be crucial for oil prices as investors see how the OPEC deal will be implemented, according to a new report by the IEA.

  • DUBAI, Dec 13- Kuwait Petroleum Corporation said on Tuesday it had officially notified its customers of a cut in their contractual crude oil supplies for January, in line with a deal with OPEC to reduce production. "As part of the commitment and obligation to the OPEC agreement, Kuwait will implement its share of the reduction, which shall take effect January 2017,"...

  • "If OPEC and its non- OPEC partners stick to their pledges, global inventories could start to draw in the first half of 2017," the IEA said, adding that this was not its own forecast, but was based on the agreement. The IEA said it had more than halved its forecast for non- OPEC supply growth for next year to 220,000 bpd, marking a cut of 255,000 bpd, following the agreement of...

  • *Abu Dhabi cuts supply as part of OPEC, non- OPEC output reduction. SINGAPORE, Dec 13- Oil prices were stable on Tuesday, supported by strong demand in Asia and a supply cut by Abu Dhabi as part of production curbs organized by OPEC and other exporters. "The market is putting a lot of importance on the commentaries coming out of OPEC and non- OPEC the market is giving OPEC...

  • *Abu Dhabi cuts supply as part of OPEC, non- OPEC output reduction. But traders said prices were prevented from falling further by soaring demand in Asia and a supply cut by Abu Dhabi as part of production curbs organized by OPEC and other exporters. "The market is putting a lot of importance on the commentaries coming out of OPEC and non- OPEC the market is giving OPEC...

  • *Refiners to use Saudi, Iraqi oil to replace Abu Dhabi supplies. SINGAPORE/ DUBAI, Dec 13- Abu Dhabi National Oil Company on Tuesday said it would cut crude supplies by 3-5 percent across its three export grades to meet commitments under an OPEC deal to curb output. Still, ADNOC's cut is unlikely to have a large impact on the market as it is within operational tolerance...