International Organizations OPEC

  • *OPEC- led oil supply cut deal started in January. *Iraq says it will stick to OPEC deal. LONDON, Jan 21- Oil exports from southern Iraq are holding close to a record high so far in 2019, according to shipping data and an industry source, which could raise questions over whether OPEC's second-largest producer is following through on a deal to cut output.

  • OIL EXPORTS FROM SOUTHERN IRAQ SHOW LITTLE CHANGE MONTH-ON-MONTH, DESPITE START OF OPEC-LED SUPPLY CUT DEAL- TANKER DATA AND INDUSTRY SOURCE.

  • A crew member walks across the deck of oil tanker 'Devon' as it prepares to transfer crude oil from Kharg Island oil terminal to India, in the Persian Gulf, Iran, on Friday, March 23, 2018.

    Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran's central bank said on Monday.

  • *China's 2018 crude runs hit record 12.12 mln bpd. *OPEC- led supply cuts also support crude prices. SINGAPORE, Jan 21- Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world's second-largest oil consumer, climbed to a record last year despite a slowing economy.

  • *China's 2018 crude runs hit record 12.12 mln bpd. *OPEC- led supply cuts also support crude prices. SINGAPORE, Jan 21- Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world's second-largest oil consumer, climbed to a record last year despite a slowing economy.

  • *China posts 6.6 pct 2018 growth, weakest in 28 years. SINGAPORE, Jan 21- Oil prices firmed on Monday after data showed China's economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. China's September- December 2018 growth was at 6.4 percent, down from 6.5...

  • SINGAPORE, Jan 21- Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. Still, analysts expect oil prices to be relatively well supported this year by supply cuts led by the Organization of the Petroleum Exporting Countries and...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the U.S.- China trade war.

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • Alexander Novak, Russia's energy minister, left, speaks as Khalid Al-Falih, Saudi Arabia's energy and industry minister, listens during a news conference following the 173rd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, Nov. 30, 2017.

    OPEC on Friday released a table explicitly laying out how much oil each member of a 24-nation alliance will aim to keep off the market.

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • *OPEC report indicates headstart on pact cutting supply. *Washington considers rolling back China import tariffs- WSJ. LONDON, Jan 18- Oil prices rose on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about prolonged oversupply.

  • Workers position a section of pipe during drilling operations at a gas well outside Corpus Christi. Patterson-UTI Energy is drilling the well for Decker Operating of Houston.

    Oil prices sharply extended gains, following a report that Beijing has put forward a plan to eliminate its trade surplus with the United States.

  • *OPEC report indicates head start on production cut pact. *Washington considers rolling back China import tariffs- WSJ. OPEC along with other producers including Russia agreed last year to output cuts effective Jan. 1 to avert a glut.

  • Oil field workers tend to a pump jack.

    The level of crude output from the U.S. will once again be a major factor this year, the IEA said its closely-watched report on Friday.

  • *OPEC says its Dec output fell by 751,000 bpd to 31.58 mln bpd. *But record US production of 11.9 mln bpd undermines OPEC efforts. OPEC, along with some other producers including Russia, cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said on Thursday, suggesting that producers have made a strong start to averting a glut in...

  • LONDON, Jan 17- Oil traders seem increasingly convinced OPEC's prompt action in cutting production will be enough to offset the impact of rising shale production and slowing global growth. Saudi Arabia and its OPEC and non- OPEC allies have implemented substantial reductions in production and exports during December and the first part of January.

  • *OPEC cut output sharply in December. NEW YORK, Jan 17- Oil prices steadied on Thursday, boosted by a rebound in U.S. equities and news that OPEC sharply curtailed production in December, after earlier losses on fears about surging U.S. crude output and weakening global demand. "One thing we've seen in the past- and I think we'll see it again- is that when OPEC over the last...

  • *OPEC cut output sharply in December. Brent crude oil futures were down 14 cents to 61.19 a barrel by 2:04 p.m. EST. OPEC, however, said it cut oil output sharply in December before a new accord to limit supply took effect, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.

  • Jan 17- Canada's main stock index dipped marginally on Thursday, endangering a nine-day winning streak after a drop in oil prices hurt the energy sector. *At 9:35 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 28.16 points, or 0.19 percent, at 15,083.1. *The Canadian province of Alberta's OPEC- style decision to force production cuts is...