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International Organizations OPEC

  • TOKYO, Sept 25- Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day...

  • TOKYO, Sept 25- Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day...

  • *Brent crude near 6-1/ 2- mth highs after OPEC meeting. TOKYO, Sept 25- The euro slipped on Monday after German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged, while Asian shares pulled back, weighed by concerns about China's economy. The New Zealand dollar also took a hit as the Pacific country's...

  • The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day since the start of 2017, helping lift oil prices by about 15 percent in the past three months. Kuwaiti Oil Minister Essam al-Marzouq, who chaired Friday's meeting of the Joint Ministerial Monitoring Committee,...

  • TOKYO, Sept 25- Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by...

  • *Brent crude near 6-1/ 2- mth highs after OPEC meeting. The euro, however, was already losing support from the European Central Bank's monetary policy theme and appeared to be on its way lower, "said Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo. The New Zealand dollar suffered a similar setback, falling as New Zealand's ruling National Party won...

  • Francisco Blanch, head of Commodities and Derivatives Research, BAML says OPEC is targeting backwardation.

  • NEW YORK, Sept 22- Oil prices ended nearly 1 percent higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend output curbs beyond the first quarter. Other ministers said a decision on extending cuts could be taken in November when OPEC holds its next formal...

  • Oil's weekly winning streak

    CNBC's Jackie DeAngelis reports on OPEC's impact on crude oil.

  • NEW YORK, Sept 22- Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter. After the Organization of the Petroleum Exporting Countries and major producers finished their meeting in Vienna, Russia's energy minister...

  • NEW YORK, Sept 22- Oil prices were mixed on Friday, hovering close to their highest levels in months, as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter. By 11:47 a.m. ET, Brent crude was up 14 cents, or 0.3 percent, at $56.57 a barrel, after hitting $56.87, its highest since March.

  • *Conditions in the oil market will dictate whether the OPEC/ non- OPEC production cut agreement, which expires in March 2108, will need extending, Algerian Energy Ministry Mustapha Guitouni told Reuters in an interview in Vienna on Friday. *Asked if OPEC will look at extending the deal in its next regular meeting in Vienna in November, he said: "I can't tell you that.

  • VIENNA, Sept 22- Nigeria is pumping less than 1.8 million barrels per day of crude, its oil minister said on Friday, meaning the country is sticking to an output cap agreed under an OPEC- led deal to limit output. But, with production recovering, OPEC ministers agreed in July Nigeria would cap output at 1.8 million bpd. "The average is about 1.69 million bpd and it is...

  • John Kilduff: OPEC is all just praying for $60 per barrel

    John Kilduff, Again Capital, discusses the meeting of OPEC oil ministers and what it means for WTI and Brent crude.

  • *OPEC- led supply pact due to expire in March. OPEC and its allies have been considering extending the deal beyond the end of March. Russian Energy Minister Alexander Novak said OPEC and other oil producers would not take a decision until January, while other ministers suggested a decision could come this year.

  • VIENNA, Sept 22- OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. OPEC and its allies have been considering extending the deal beyond the end of March when it is due to expire.

  • VIENNA, Sept 22- OPEC and other oil producers will not take a decision until January on whether to extend their pact to curb oil production, Russia's Energy Minister Alexander Novak said on Friday. "I believe that January is the earliest date when we can actually, credibly speak about the state of the market," he said after he was asked when a decision on extending the...

  • VIENNA, Sept 22- Output cuts by OPEC and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per...

  • *OPEC- led supply pact due to expire in March. Some ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers were meeting in Vienna to discuss their deal to cut supplies that runs to March. Ministers said they would discuss extending the pact, although two OPEC sources said the group was unlikely to make a specific...

  • VIENNA, Sept 22- Output cuts by OPEC and other oil producers are clearing a supply glut that has depressed crude prices for three years, ministers said on Friday, suggesting they could extend cooperation well into 2018.. Ministers on a panel monitoring the pact, comprising Kuwait, Venezuela and Algeria, plus non-OPEC Russia and Oman, were meeting in Vienna after...