International Organizations OPEC

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *Demand for OPEC crude to fall 1.30 million bpd in 2020. LONDON, Aug 16- OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to curb supply. The bearish outlook due to slowing economies amid the U.S.- China trade dispute and...

  • *OPEC sees bearish oil market for rest of 2019. MOSCOW, Aug 16- Crude oil prices rose on Friday, recovering from two days of declines, after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy. Brent crude was up 38 cents at $58.61 a barrel at 1136 GMT, after falling 2.1% on Thursday and 3% the previous day.

  • LONDON, Aug 16- OPEC on Friday provided a downbeat oil-market outlook for the rest of 2019 as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. The bearish outlook due to slowing economies amid the U.S.- China trade dispute and Brexit could press the case for OPEC and...

  • *Market looking for signs of further OPEC output cuts. MOSCOW, Aug 16- Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy. Brent crude was up 2% at $59.48 a barrel at 0924 GMT, after falling 2.1% on Thursday and 3% the...

  • A Petrobras oil platform floats in the Atlantic Ocean near Guanabara Bay in Rio de Janeiro.

    Crude oil prices rose 0.7% on Friday following two days of declines, buoyed after data showed an increase in retail sales in the U.S.

  • Aug 16- OPEC's August Monthly Oil Market Report will be issued at 1120 GMT on Friday, the group said in an email.

  • *Market looking for signs of further OPEC output cuts. TOKYO, Aug 16- Crude oil prices rose more than 1% on Friday following two days of declines, buoyed after data showing an increase in retail sales in the United States helped dampen concerns about a recession in the world's biggest economy. Brent crude was up 68 cents, or 1.2%, at $58.91 a barrel at 0650 GMT, after...

  • OPEC would have to cut oil supply by another million barrels a day to push prices up, analyst says

    Emma Richards, senior industry analyst at Fitch Solutions, says markets have become "incredibly sensitive to any kind of bearish indicator."

  • Oil prices fell more than 1% on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

  • A worker stands at a pipeline, watching a flare stack at the Saudi Aramco oil field complex facilities in Shaybah, Saudi Arabia.

    The Saudis are using both short-term tactics and long-term strategy, industry experts say.

  • DENVER, Aug 13- OPEC and U.S. shale producers should reduce crude shipments into an oversupplied market, Continental Resources Chief Executive Harold Hamm said on Tuesday. In comments that touched on oil demand, U.S. trade with China, and hedging, Hamm said at the EnerCom energy conference in Denver that he expected OPEC and its allies to further cut output.

  • OIL PRODUCERS SHOULD' ROW OUR OWN BOAT' WHEN IT COMES TO MATCHING OPEC SUPPLY CUTS- CONTINENTAL RESOURCES CEO.

  • A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.

    Oil prices rose almost 5% on Tuesday after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months.

  • International benchmark Brent crude futures were down 11 cents or 0.2%, from the previous settlement, to $58.46 a barrel by 0108 GMT. Saudi Arabia, the de-facto Organization of the Petroleum Exporting Countries leader, opened its books as part of plans to launch what could be the world's largest initial public offering. Kuwait on Monday reiterated its...

  • International benchmark Brent crude was 14 cents lower at $58.39 a barrel by 10:41 a.m. CDT, after trading between $57.88 and $58.88,. Kuwait was "fully committed" to the OPEC+ agreement, Oil Minister Khaled al-Fadhel said, adding the OPEC member has cut its own output by more than required by the accord. Analysts said that in a sign that de-facto OPEC leader Saudi...

  • A drilling crew secures a stand of drill pipe into the mouse hole on a drilling rig near Midland, Texas February 12, 2019.

    Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude.

  • Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia, on Thursday, Feb. 14, 2019.

    Major markets in Asia Pacific traded higher on Monday, following a volatile last week for global markets as growing trade war fears dented investor sentiment. Markets in Japan, India and Singapore were closed for public holidays.