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International Organizations OPEC

  • *Output deal seen likely after Iran possibly offered compromise. Iran may only freeze production rather than cut. LONDON, Nov 21- Oil prices rose 3 percent on Monday to their highest in three weeks, catching a lift from a weaker dollar, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week.

  • Nov 21- Wall Street looked set to open higher on Monday, with the three major indexes hovering near record levels, supported by higher oil prices and the lingering effects of the post-election rally. Oil prices rose about 2.8 percent to a near three-week high of $47.87 per barrel amid hopes of the OPEC reaching an agreement to cut output. The three major U.S. indexes...

  • *Oil hits three-week high on OPEC prospects, weaker dollar. Brent crude oil, the international benchmark, rose as high as $47.94 a barrel, its highest since Nov. 1 and up some 2 percent on the day, on signs that OPEC was moving closer to a deal to cut output when it meets next week. "While loose terms may be agreed, I remain sceptical that a full detailed agreement can be both...

  • U.S. futures pointed to a higher open, as traders as traders digested rising oil prices and comments from Fed Vice Chairman Stanley Fischer.

  • Nov 21- U.S. stock index futures inched up on Monday, supported by higher oil prices and the lingering effects of a rally sparked by Donald Trump's surprise victory in the U.S. election. *Oil prices touched a near three-week high of $47.75 per barrel as the dollar fell for the first time in ten days, and amid hopes of OPEC reaching an agreement to cut output.

  • LONDON, Nov 21- Oil prices rose on Monday to their highest in three weeks, catching a lift from a weaker U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week. "While loose terms may be agreed, I remain skeptical that a full detailed agreement can be both achieved and carried out by OPEC given...

  • Crude oil higher on hopes for OPEC production cut

    Helima Croft, RBC Capital Markets global head of commodity strategy, discusses the oil market ahead of the OPEC meeting at the end of the month as well as the environment for other commodities like copper.

  • LONDON, Nov 21- Oil prices rose on Monday to their highest in three weeks, catching a lift from a softer U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to reaching an agreement to cut output when it meets next week. "While loose terms may be agreed, I remain skeptical that a full detailed agreement can be both achieved and carried out by...

  • *Output deal seen likely after Iran possibly offered compromise. *Iran may only freeze production rather than cut output. SINGAPORE, Nov 21- Oil prices rose around 1 percent on Monday as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years.

  • *Output deal seen likely after Iran is offered a compromise. SINGAPORE, Nov 21- Oil prices rose by more than 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein in oversupply that has put pressure on prices for over two years. This would leave the onus of an outright reduction on other OPEC- members, including its political rival and...

  • OPEC headquarters in Vienna, Austria.

    Donald Trump’s victory in the recent U.S. presidential election is likely to spur OPEC into action, analysts said.

  • OPEC deal or no deal?

    OPEC has more impetus to work out an agreement because oil prices are under greater pressure, says UBS' Wayne Gordon.

  • SINGAPORE, Nov 21- Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years. But an agreement has become more likely as Iran, keen to increase output after international sanctions against it were lifted last January, was expected to be given an exemption if it...

  • Will OPEC finally get the better of US shale?

    A battle between U.S. shale producers and OPEC may be coming to a head says MineLife's Gavin Wendt.

  • OPEC nations are due to agree a world oil freeze pact with non- OPEC countries on Nov. 30. "We will do everything that our partners from OPEC are expecting. Putin also said he has seen a "high probability" that the deal aiming to prop up the markets and boost prices would be reached in an OPEC meeting next week.

  • DUBAI, Nov 19- Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non- OPEC producers cooperate. If non- OPEC also cooperate, I don't think $55 per barrel would be out of reach. " Asked about an OPEC proposal for an output cap of 3.92 million...

  • Deputy Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud

    OPEC is expected to strike a deal for real this time, forging some type of agreement when it meets at the end of the month.

  • *Wall Street slips, led by healthcare decline. *Oil gains 5 pct on the week on OPEC hopes. "I see the market kind of churning here because it's had a very decent move...," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.

  • *OPEC members to offer Iran flexibility on output. NEW YORK, Nov 18- Oil prices settled higher on Friday, closing out a strong week that saw crude buoyed by growing expectations that OPEC will find a way to cap production at the end of the month. While it has not yet responded to the proposal, the flexibility shown by others suggests OPEC members may be coming nearer to...

  • Oil jack pumps are pictured in the Kern River oil field in Bakersfield, Calif.

    Oil prices eked out gains as hopes that OPEC might agree to limit production cuts at the end of the month boosted sentiment.