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International Organizations OPEC

  • OPEC and non- OPEC countries are congratulating themselves about their production cut and higher prices. OPEC cannot hold back production without losing market share. Last weekend saw the oil ministers of OPEC member countries and their new non- OPEC allies congratulating themselves for the high rate of compliance to promised production cuts and the...

  • OPEC and non- OPEC countries are congratulating themselves about their production cut and higher prices. OPEC cannot hold back production without losing market share. Last weekend saw the oil ministers of OPEC member countries and their new non- OPEC allies congratulating themselves for the high rate of compliance to promised production cuts and the...

  • OPEC and non- OPEC countries are congratulating themselves about their production cut and higher prices. OPEC cannot hold back production without losing market share. Last weekend saw the oil ministers of OPEC member countries and their new non- OPEC allies congratulating themselves for the high rate of compliance to promised production cuts and the...

  • OPEC and non- OPEC countries are congratulating themselves about their production cut and higher prices. OPEC cannot hold back production without losing market share. Last weekend saw the oil ministers of OPEC member countries and their new non- OPEC allies congratulating themselves for the high rate of compliance to promised production cuts and the...

  • *OPEC- led group aims for 1.8 million bpd cut in H1. LONDON, Jan 27- Oil prices slipped on Friday, giving up gains from earlier in the day, as market shifted its focus towards production increases in the United States from efforts by OPEC and other producers to support prices by cutting supplies. "The market is really torn between a relatively healthy compliance from...

  • *OPEC- led group aims to cut output by 1.8 million bpd in H1. SINGAPORE, Jan 27- Oil prices firmed on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. "U.S. producer hedging via futures and increasing shale production offset the progress OPEC has made with its production...

  • *OPEC- led group aims to cut output by 1.8 million bpd in H1. SINGAPORE, Jan 27- Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. "U.S. producer hedging via futures and increasing shale production offset the progress OPEC has made with its production...

  • *OPEC- led group aims to cut output by 1.8 million bpd in H1. SINGAPORE, Jan 27- Oil prices were stable on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. "U.S. producer hedging via futures and increasing shale production offset the progress OPEC has made with its...

  • SINGAPORE, Jan 27- Oil prices dipped on Friday, with rising crude output from the United States offsetting efforts by OPEC and other producers to cut supplies to prop up the market. "Market participants are hyper-focused on two issues: shale's response to higher prices and OPEC compliance," Barclays bank said. "Producers and OPEC countries are all talking their...

  • *OPEC producers cut supplies but spare key customers. U.S. light crude futures were up $1.03 to $53.78 a barrel, a gain of 2 percent, while Brent crude settled up $1.16, or 2.1 percent, to $56.24. U.S. crude hit a peak of $54.06, highest in more than three weeks, after Wall Street's open as stocks added to the previous session's rally that had lifted the Dow Jones Industrial...

  • oil crude gas

    Traders attributed oil's gains to an ongoing rally in the U.S. stock market and the dollar's slide this month.

  • *OPEC producers cut supplies but spare key customers. U.S. light crude futures were up 96 cents to $53.71 a barrel, a gain of 1.8 percent, while Brent crude rose $1.04, or 1.9 percent, to $56.12 by 1:41 p.m. ET. U.S. crude popped to a peak of $54.06, its highest in more than three weeks, as Wall Street opened at 9:30 a.m. ET and added to the previous session's rally that had...

  • *OPEC producers cut supplies but spare key customers. LONDON/ NEW YORK, Jan 26- Oil prices were driven 2 percent higher by an ongoing rally in the U.S. stock market on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light crude futures were up $1.22 to $53.97 a barrel, a gain of 2.2...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices were driven higher by a weakening dollar on Thursday, although gains were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. Benchmark Brent crude was up 45 cents a barrel at $55.53 by 1245 GMT, while U.S. light crude futures were up 35...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 35 cents a barrel at $55.43 by 1125 GMT.

  • *Russia, OPEC have teamed up in global oil output cut. MOSCOW, Jan 26- Qatar's investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers, OPEC Secretary-General Mohammed Barkindo told Reuters. "This investment project will further strengthen OPEC and non- OPEC relations,"...

  • *OPEC producers cut supplies but spare key customers. LONDON, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 50 cents a barrel at $55.58 by 0900 GMT.

  • *OPEC producers cut supplies but spare key customers. SINGAPORE, Jan 26- Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.56...

  • TOKYO, Jan 26- Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year's agreement between OPEC and non- OPEC countries to cut output, a senior official of the kingdom said on Thursday. "The recent agreement among OPEC and non- OPEC members for oil exports reduction will not impact our commitments and oil exports to Japan,"...

  • TOKYO, Jan 26- Last year's agreement between OPEC and non- OPEC countries to cut output will not impact Saudi Arabia's oil supplies to Japan, Aabed Al-Saadoun, deputy minister for company affairs at Saudi Arabia's Ministry of Energy, Industry and Mineral Resources, said on Thursday. "The recent agreement among OPEC and non- OPEC members for oil exports reduction...