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  • NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital...

  • *U.S. crude up 4 pct to above $40, Brent up 3 pct to above $41. NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude piercing the $40 psychological barrier, on optimism that major producers will strike an output freeze deal next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will...

  • NEW YORK, March 17- U.S. crude hit 2016 highs on Thursday as oil markets rallied for a second straight day on optimism major producers will strike an output freeze deal in Qatar next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital Doha, increasing the...

  • Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to participate, OPEC sources said on Wednesday. U.S. crude was up 65 cents at $39.11 a barrel at 0452 GMT, having earlier risen as high as $39.38. Brent crude rose 38 cents to $40.71, after finishing up $1.59, or 4.1 percent, at...

  • TOKYO, March 17- Oil futures rose 2 percent in Asian trade on Thursday, adding to strong gains in the previous session after the world's biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran declines to...

  • TOKYO, March 17- U.S. oil futures rose more than 2 percent in early Asian trade on Thursday, adding to strong gains the previous session after the world's biggest suppliers firmed up plans to meet to discuss freezing output. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran...

  • March 16- Oil producers including Gulf OPEC members support holding talks next month to discuss a deal to freeze output even if Iran declines to participate, OPEC sources said, as political pressure to prop up prices increases. OPEC and non- OPEC producers will meet in Doha on April 17, Qatari Energy Minister Mohammed bin Saleh Al-Sada said, following a February...

  • Oil producers to meet in April

    OPEC and non-OPEC producers will hold a meeting in the Qatari capital on April 17.

  • March 16- OPEC and non- OPEC producers will hold a meeting in the Qatari capital on April 17, the Qatari energy minister, who is also the current OPEC president, said on Wednesday. "This comes as a follow-up to the meeting that was held last month in Doha between Qatar, Saudi Arabia, Russia and Venezuela at which they proposed an accord to freeze oil output at January 2016...

  • March 16- Oil producers including Gulf OPEC members support holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop up prices increases. While an exemption for Iran is not ideal, it is not a deal breaker, OPEC sources said. "It's a setback but it will not necessarily change the positive...

  • *OPEC lowers 2016 oil demand, cites higher surplus. NEW YORK, March 14- Oil prices fell about 3 percent on Monday on concerns that a six-week market recovery has gone beyond fundamentals as U.S. crude stockpiles continue to build and Iran maintains little interest in joining major producers in freezing production. The Organization of the Petroleum Exporting...

  • *OPEC lower 2016 oil demand, cites higher surplus. NEW YORK, March 14- Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude stockpiles continue to mount and Iran maintains little interest in a global production freeze. The Organization of the Petroleum Exporting Countries said...

  • NEW YORK, March 14- Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude stockpiles continue to mount and Iran maintains little interest in a global production freeze. Russia said OPEC's meeting on a production freeze with other key oil producers like itself will probably be held...

  • TEHRAN, March 14- A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years of sanctions, Russian energy minister Alexander Novak said on Monday after talks in Tehran. Four of the world's leading oil producers- Russia, Saudi Arabia, Qatar and Venezuela- met in Doha last month, saying they were ready...

  • OIL PRODUCER MEETING ON OUTPUT FREEZE LIKELY TO BE IN. LONDON, March 14- OPEC and non- OPEC producers are likely to hold their next meeting on a plan to freeze output levels in a bid to support prices in mid-April in Doha, three OPEC sources said on Monday. An earlier plan was to meet on March 20 in Russia, but sources familiar with the matter said last week this was...

  • WELLINGTON, March 11- United Airlines and Air New Zealand have struck a revenue-sharing agreement, the companies said on Friday, as airlines boost flights to New Zealand's fast-growing tourism market. The number of U.S. tourists rose 13.6 percent in January from a year earlier and the United States was New Zealand's third largest source of tourists, according...

  • DUBAI/ LONDON, March 10- A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as OPEC member Iran is yet to say whether it would participate in such a deal. OPEC officials including Nigeria's oil minister have said a meeting would take place in Moscow on...

  • DUBAI/ LONDON, March 10- A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as OPEC member Iran is yet to say whether it would participate in such a deal. OPEC officials including Nigeria's oil minister have said a meeting would take place in Moscow on...

  • *New builds take Cushing stocks to 68.7 mln bbls- Genscape data. *U.S. govt had earlier reported 66.3 mln bbls record for Cushing. NEW YORK, March 3- Oil's rally lost steam on Thursday after three straight days of gains as growing record U.S. stockpiles countered OPEC plans for a production freeze, with some analysts saying the market has risen too much, too fast from 12-...

  • NEW YORK, March 3- Oil prices were largely steady in volatile trade on Thursday as growing record U.S. stockpiles muted a three-day rally inspired by OPEC plans for a production freeze, strengthening analysts' arguments the market has risen too much, too fast from 12- year lows. Brent futures, the global benchmark for crude, were down 1 cent at $36.92 a barrel by...