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  • SINGAPORE, May 12- Oil prices rose on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • LONDON/ DUBAI, May 11- Turkmenistan is likely to join an OPEC- led cut in oil supply aimed at supporting prices, sources in OPEC and the industry said, potentially enlarging the output reduction slightly. Oil prices have since gained support but global inventories remain high, pulling crude back towards $50 a barrel and putting pressure on OPEC to extend or...

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favor of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilize oil prices and balance the market," said the source. The Organization of the Petroleum...

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favour of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilise oil prices and balance the market," said the source. The Organization of the...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • Higher output in non- OPEC countries, particularly the United States, Canada and Brazil, has offset OPEC's deal reached last year to cut production and kept pressure on oil prices. The Organization of the Petroleum Exporting Countries and non- OPEC member countries will meet in Vienna on May 25 to discuss whether to continue output cuts of 1.8 million bpd in an...

  • *OPEC output cut extension likely- Saudi energy minister. NEW YORK, May 8- Oil prices rose on Monday in volatile trading, bolstered by statements from major oil-producing countries suggesting that OPEC and non- OPEC supply cuts could be extended into 2018.. The Organization of the Petroleum Exporting Countries and non- OPEC producers, such as Russia, decided late...

  • *OPEC output cut extension likely, says Saudi energy minister. NEW YORK, May 8- Oil prices edged down in a volatile trade on Monday despite Saudi Arabia's oil minister saying that he expected OPEC and its partners to consider extending their deal to cut supply possibly into next year to end a global glut. Growing U.S. drilling and production have played a role in...

  • DUBAI, May 5- OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help to clear a supply glut, Saudi Arabia's OPEC governor said on Friday. Oil prices have risen but stockpiles are still high and production from countries that have not agreed to the cut, including the United States, has been rising,...

  • DUBAI, May 5- OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help clear a supply glut, Saudi Arabia's OPEC governor said on Friday. But while oil prices have risen stockpiles are still high and production from countries that have not agreed to the cut, including the United States, has been...

  • *World oil markets oversupplied despite OPEC cut. *OPEC expected to extend output cut beyond June. Tumbling prices would likely force OPEC members to extend production cuts later this month, but the prospect fo deeper cuts appeared slim, analysts said.

  • LONDON/ DUBAI, May 4- OPEC and non- OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday, downplaying the chance of additional steps such as a bigger cut. "The willingness to extend the current understanding is strong among OPEC and non- OPEC participants," an OPEC...

  • HOUSTON, May 4- The oil industry's top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. Gulf of Mexico, for instance, but production volumes there have remained strong due to the long lead times of...