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International Organizations OPEC

  • An oil pump jack in the oil town of Gonzales, Texas.

    Oil prices rose on Tuesday on evidence that the global market was tightening, but analysts said higher U.S. output could limit gains.

  • Bond traders at CME Group

    U.S. government debt prices were lower on Tuesday as investors digested a batch of economic data and a Treasury Department sale.

  • *Wall St edges higher as earnings gather pace. *Oil prices rise as OPEC output cuts drain stocks. NEW YORK, Jan 24- Stocks crept higher worldwide on Tuesday as investors looked past U.S.

  • *OPEC exporters appear to be cutting output as promised. NEW YORK, Jan 24- Oil prices climbed higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Brent futures were up 37 cents, or 0.7 percent at $55.60 a barrel by 11:26 a.m EST, while U.S.

  • DUBAI/ LONDON, Jan 24- Saudi Arabia's oil output is likely to drop to around 9.9 million barrels per day in January and exports are down from December, according to industry sources and shipping data, as the OPEC heavyweight plays its part in a global supply-cut deal. The kingdom, which said it pumped 10.47 million bpd in December, has cut production slightly below...

  • *OPEC exporters appear to be cutting output as promised. LONDON, Jan 24- Oil prices rose on Tuesday on evidence that the global market is tightening as lower production by OPEC and other exporters drains stocks, though increased drilling in the United States could keep a lid on prices. "One thing is certain: the level and the depth of cooperation between OPEC and non-...

  • LONDON, Jan 24- Saudi Arabia's energy minister has predicted production cuts by OPEC and non- OPEC countries will reduce global oil inventories by 300 million barrels by the middle of 2017.. But traders have become more wary as the initial surprise from the ambitious OPEC and non- OPEC deals fades and the market becomes more watchful. The calendar spread for WTI...

  • U.S. stock index futures were mixed on Tuesday as a number of companies posted quarterly results.

  • *OPEC exporters appear to be cutting output as promised. LONDON, Jan 24- Oil prices were steady on Tuesday as news of lower production by OPEC and other key exporters was balanced by reports of more drilling and higher output in the United States. "One thing is certain: the level and the depth of cooperation between OPEC and non- OPEC producers is unprecedented."

  • *OPEC exporters appear to be cutting output as promised. LONDON, Jan 24- Oil prices rose on Tuesday on evidence that the global market was tightening as lower production by OPEC and other exporters drained stocks, but analysts said higher U.S. output could eventually limit gains. "One thing is certain: the level and the depth of cooperation between OPEC and non- OPEC...

  • *OPEC exporters appear to be cutting output as promised. LONDON, Jan 24- Oil prices rose on Tuesday on evidence the global market was tightening as lower production by OPEC and other exporters drained stocks, but an increase in drilling in the United States could keep a lid on prices. Benchmark Brent crude was up 40 cents at $55.63 a barrel by 0840 GMT.

  • *Oil up on weak dollar, output cuts by OPEC, other producers. SINGAPORE, Jan 24- Oil climbed on Tuesday as a weaker U.S. dollar and production cuts announced by OPEC and other producers buoyed the market, but an increase in drilling activity in the United States is likely to keep a lid on prices. Ministers representing members of the Organization of the Petroleum...

  • *Oil up on weak dollar, output cuts by OPEC, other producers. SINGAPORE, Jan 24- Oil climbed on Tuesday as a weaker U.S. dollar and production cuts announced by OPEC and other producers buoyed the market, but an increase in drilling activity in the United States is likely to keep a lid on prices. Ministers representing members of the Organization of the Petroleum...

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices fell 1 percent on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC production...

  • *Oil dips, signs of U.S. output rise offset OPEC- led cuts. He also formally withdrew the United States from the Trans-Pacific Partnership trade deal. "Given that the president's first order of business is challenging trade deals, it has probably caught a number of optimistic investors off balance," said Jack Ablin, chief investment officer at BMO Private Bank in...

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices fell 1 percent on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC production...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices fell a strong recovery in U.S. drilling activity outweighed news that producers were on track to meet output reduction goals.

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices eased on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC production were ahead...

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices fell about 1 percent on Monday as signs of a strong recovery in U.S. drilling overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC production were...