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International Organizations OPEC

  • 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...

  • London, Sept 22- Oil prices were marginally firmer on Friday, as the market waited to see whether major producers meeting in Vienna would back an extension to output cuts beyond March next year. Some ministers from the Organization of the Petroleum Exporting Countries and from other producers led by Russia are set to discuss a possible extension to the current...

  • VIENNA, Sept 22- OPEC and other oil producers meeting on Friday will consider extending their pact to cut oil output beyond March and will discuss monitoring exports to assess compliance with the deal. The Organization of the Petroleum Exporting Countries, Russia and several other non- OPEC producers aim to clear a global oil supply glut by curbing output by...

  • VIENNA, Sept 22- A meeting of OPEC and non- OPEC nations on Friday to review their oil supply cut deal will discuss monitoring exports to assess compliance and will consider extending the pact beyond March. The Organization of the Petroleum Exporting Countries plus Russia and other non- OPEC producers aims to clear a global oil supply glut by curbing output by...

  • Some ministers from the Organization of the Petroleum Exporting Countries and from other producers are set to meet in Vienna at 0900 GMT on Friday to discuss a possible extension of an oil supply cut deal that is aimed at supporting oil prices. An OPEC source told Reuters the meeting had been postponed from 0800 GMT. The ministers from OPEC nations and others led...

  • *OPEC meeting to take place at 0800 GMT. The Organization of the Petroleum Exporting Countries and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices. The two OPEC members have both been invited to the meeting.

  • *OPEC meeting to take place at 0800 GMT. The Organization of the Petroleum Exporting Countries and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices. The two OPEC members have both been invited to the meeting.

  • The rebalancing process was never going to happen overnight; it was never going to happen in a linear fashion; and it was always going to require a concerted effort, OPEC observed. OPEC has often stated that it wants to see the contango narrow as part of the rebalancing process. Crude in floating storage has fallen by 30 million barrels since the start of the year,...