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  • *Saudi Arabia, Russia, Qatar, Venezuela ministers meeting starts. TOKYO, Feb 16- Brent crude surged 6 percent to a near two-week high on Tuesday, as a meeting of oil ministers from Saudi Arabia, Russia, Qatar and Venezuela spurred hopes of action by the producers to tackle a devastating global supply glut that has hammered oil prices. The closed-door meeting, which...

  • *Oil rises as Saudi Arabia, Russia set to meet. The world's top two oil exporters, Saudi Arabia and Russia, will hold talks together with their counterparts from Venezuela and Qatar in Doha on Tuesday, sources told Reuters. The meeting is the latest effort by some members of the Organization of Petroleum Exporting Countries to join with non- OPEC producers in...

  • Feb 16- Top oil officials from Saudi Arabia, Russia and several key OPEC members will meet on Tuesday for their highest-level discussion in months, a potentially pivotal sign that producers are at last preparing to tackle a devastating supply glut. The talks in the Qatari capital Doha, which had been kept under wraps until recent days, involve powerful Saudi Oil...

  • TOKYO, Feb 16- U.S. oil prices jumped back above $30 a barrel on Tuesday as news of a rare private meeting of top officials from the world's biggest oil producers spurred speculation of an eventual deal to tackle a deep supply glut. The world's top two oil exporters, Saudi Arabia and Russia, will hold talks together with their counterparts from Venezuela and Qatar in...

  • U.S. crude rose $1.17, or 4.0 percent, to $30.61 per barrel by 6:04PM EST as the market reopened following a shortened holiday session, building on Friday's more than 12 percent surge. Due to the Presidents Day holiday, U.S. futures markets shut early on Monday, before news of the Doha meeting emerged. The world's top two oil exporters, Saudi Arabia and Russia, will hold...

  • Saudi Arabia's oil minister Ali al-Naimi and his Russian counterpart Alexander Novak will meet in the Qatari capital Doha, where they will be joined by ministers from OPEC members Qatar and Venezuela. The meeting revives memories of a 2001 encounter between OPEC and non- OPEC producers when OPEC heavyweight Saudi Arabia pushed through a global deal to curb...

  • The secret talks between Saudi Arabia's oil minister Ali al-Naimi and his Russian counterpart Alexander Novak will take place in the Qatari capital of Doha and the two men will be joined by ministers from OPEC members Qatar and Venezuela. Such talks have revived memories of the 2001 deal between OPEC and non- OPEC producers when OPEC heavyweight Saudi Arabia...

  • *Saudi, Russia, Venezuela, Qatar oil ministers to meet on Tuesday- sources. *Consensus growing within OPEC to counter price fall- Nigeria. LONDON, Feb 15- Oil prices rose nearly 2 percent on Monday on news that ministers from Saudi Arabia, Russia, Qatar and Venezuela would hold a previously unpublicised meeting in Doha this week, adding to speculation of a global output...

  • The meeting is the latest sign of renewed efforts by OPEC members to try to tackle- possibly together with non- OPEC producers- one of the worst oil gluts in history, which has pushed oil prices to the lowest in more than a decade.

  • The meeting was the latest sign of renewed efforts by OPEC members to try to tackle- possibly together with non- OPEC producers- one of the worst oil gluts in history, which has pushed oil prices to the lowest in more than a decade.

  • A worker stands at a pipeline, watching a flare stack at the Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali ('empty quarter') desert in Shaybah, Saudi Arabia.

    Here are the countries that are most resilient to the impact of oil prices—and those hit hardest.

  • *Era of Qatar "throwing money" at Al Jazeera over. While the gas-exporting nation is still determined to remain a power broker in the Middle East turmoil, its use of Al Jazeera as a megaphone in support of that goal appears to be on the wane under the young emir, Sheikh Tamim bin Hamad al-Thani, former Qatari officials and Arab commentators say. The days of unstinting...

  • DAVOS/ GENEVA, Jan 22- A rare note of optimism at Davos this year comes from the trade ministers, who will gather on Saturday for the first time since the World Trade Organization closed the lid on 14 years of increasingly toxic stalemate. The WTO's 162 members, meeting last month in Nairobi, agreed to disagree about the Doha round, effectively giving licence to any...

  • Middle East markets update

    CNBC's Michelle Caruso-Cabrera reports on trading action in Dubai, Saudi Arabia, Tehran and Qatar.

  • DOHA, Jan 14- Qatar will raise domestic prices of gasoline by 30 percent from midnight on Thursday, the official Qatar News Agency reported, as low oil and gas prices put the squeeze on the national budget. Memos from state fuel company Woqod, posted at gasoline stations across the capital Doha on Thursday, gave a few hours' notice of the increase to 1.30 riyals per...

  • Qatar recalls ambassador from Iran

    CNBC's Hadley Gamble reports from Riyadh as Qatar becomes the latest gulf nation to withdraw its representative in Iran following attacks on the Saudi Arabian embassy.

  • Bahrain, Manama, Cityscape view

    With resources stretched to their limits and political pressure building in the West, will Gulf countries help absorb migrants?

  • *India wants implementation of Bali trade deal. NEW DELHI, Dec 10- India will push for implementation of the Bali trade deal at the World Trade Organisation talks in Nairobi next week and remain open on all other "non-binding" issues, its trade minister said on Thursday. "Let's honor Bali... let's deliver Bali."

  • LONDON, Dec 10- The first response of commodity producers to a drop in prices is normally to increase production- ensuring price falls become deeper and more prolonged. Russia, Saudi Arabia and Iraq have all increased production in 2015. Iran hopes to follow in 2016 once sanctions are lifted. Output from U.S. waters in the Gulf of Mexico was almost 19 percent higher...

  • *WTI settles below $38, lowest close since February 2009. NEW YORK, Dec 7- Crude oil futures tumbled 6 percent on Monday, reaching their lowest in nearly seven years, after OPEC failed to address a growing supply glut, while a stronger dollar made it more expensive to hold crude positions. OPEC oil ministers dropped any reference to the group's output ceiling for the...