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International Organizations OPEC

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity during the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • *OPEC struggles to hammer out deal on output cut. LONDON, Nov 24- The world's listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry's worst downturns as OPEC battles to agree on its first production cut since 2008.. OPEC has struggled to agree on a joint production freeze or cut to support oil prices before its Nov. 30...

  • Expect OPEC to reach a compromise: Strategist

    Saudi Arabia is expected to make the biggest production cut to make the agreement work, says Daniel Hynes at ANZ.

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity due to the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • *Crude oil little changed amid OPEC meeting uncertainty. TOKYO, Nov 24- Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar's bull run continued as U.S. bond yields hovered near multi-year highs. Japanese stocks swam against the tide and rose to a near 11- month high as the yen...

  • *Crude oil little changed amid OPEC meeting uncertainty. TOKYO, Nov 24- Most Asian stock markets fell on Thursday as upbeat economic data strengthened the prospect for higher U.S. interest rates, while the dollar's bull run continued as U.S. bond yields hovered near multi-year highs. Japanese stocks swam against the tide and rose to a near 11- month high as the yen...

  • TOKYO, Nov 24- Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists, stoking volatility in crude markets, the head of the International Energy Agency said on Thursday. Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC will agree to cut production,...

  • *OPEC meeting, Italy's referendum could trigger profit-taking- analyst. TOKYO, Nov 24- Japan's Nikkei share average rose for a sixth day on Thursday as prospects of exporters' earnings improved after the dollar jumped against the yen, helping such stocks as Toyota and Honda. He said that investors are closely focused on a meeting of members of the Organization of...

  • *Most analysts expect OPEC- led cut to be agreed. SINGAPORE, Nov 24- Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC- led crude production cut and thin liquidity due to the U.S. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as...

  • LONDON, Nov 23- OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all OPEC members would benefit in absolute terms if an output cut produced even a modest and sustained rise in oil prices, so there are strong financial incentives for a...

  • CARACAS, Nov 23- Venezuela's President Nicolas Maduro said on Wednesday an OPEC deal to cut output and hike oil prices was "imminent," and dispatched his oil minister to Russia to help bring other producers on board. The details are meant to be finalised when OPEC ministers meet in Vienna on Nov. 30. Since oil prices collapsed in 2014, Venezuela has been among the most...

  • *Canadian dollar ends at C $1.3496, or 74.10 U.S. cents. The loonie hit its weakest in eight months last week at C $1.3589, but recovered some ground in recent days as oil rallied on hopes of a supply cut at an upcoming meeting of the Organization of the Petroleum Exporting Countries. Divergence between U.S. and Canadian monetary policy and economic growth will drive...

  • Commodities tomorrow:

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

  • *Most analysts expect OPEC- led production cut to be agreed. NEW YORK, Nov 23- Oil prices fell slightly on Wednesday amid investor doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude as U.S. drilling rises. Members of the Organization of the Petroleum Exporting Countries will meet next week on Nov. 30 in...

  • Bond traders at CME Group

    U.S. government debt prices were lower on Wednesday as investors keep an eye on President-elect Donald Trump's policy agenda.

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Prime Minister Haider al-Abadi told reporters Iraq is willing to cut its crude oil output as part of OPEC's plan to reduce global supply.

  • *Most analysts expect OPEC- led production cut to be agreed. Wednesday despite investor doubts that OPEC will agree to a. Brent crude futures were up 5 cents at $49.16 a barrel, also trading in $1- range between $48.56 and $49.50.

  • *Most analysts expect OPEC- led production cut to be agreed. Wednesday despite investor doubts that OPEC will agree to a. In the U.S. market, West Texas Intermediate crude oil futures were up 19 cents at $48.22 a barrel at 10:44 a.m. EDT after rising to $48.43 earlier on Wednesday.

  • BAGHDAD, Nov 23- Iraq is willing to cut its crude oil output as part of OPEC's plan to reduce global supply and boost crude prices, Prime Minister Haider al-Abadi told reporters on Wednesday in Baghdad. OPEC agreed in September to reduce production, its first output cut since 2008, but left to be agreed separately the delicate matter of how much oil each of the 14...

  • LONDON, Nov 23- OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all OPEC members would benefit in absolute terms if an output cut produced even a modest and sustained rise in oil prices, so there are strong financial incentives for a...