The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
-official@ (Adds background on OPEC cuts, paragraphs 5, 6)
HOUSTON, March 11 (Reuters) - The Organization of the Petroleum Exporting Countries is expected to review global oil demand and supply balance as the group maintains production cuts during its April meeting, a senior Gulf oil official said on Monday.
"They will talk about demand and supply balance and will continue cutting (production)," the official said on the sidelines of IHS Markit's CERAWeek energy conference.
"We want to see commercial stocks down," he said, adding that global crude and oil products stocks should fall back to a five-year average, a target the group had set to drain a global oil glut.
OPEC and allies including Russia - known as the OPEC+ alliance - will meet in Vienna on April 17-18, with another gathering scheduled for June 25-26.
On Jan. 1, OPEC and its allies began new production cuts to avoid a glut that could pressure prices. The group agreed to reduce supply by 1.2 million barrels per day (bpd) for six months.
Sources recently said the most likely scenario is that the supply cuts will be extended in June but much depends on the extent of U.S. sanctions on OPEC members Iran and Venezuela.
Saudi Oil Minister Khalid al-Falih told Reuters on Sunday the April meeting likely would be too soon to change the group's output policy and that China and the United States would lead healthy global demand for oil this year.
Saudi Arabia, the world's largest oil exporter, plans to cut crude oil exports in April to below 7 million barrels per day, from 7.2 million in January, while keeping its output well below 10 million barrels per day as the kingdom seeks to drain a supply glut and support oil prices.
(Reporting by Florence Tan; Editing by Leslie Adler and David Gregorio)