International Organizations OPEC

  • Bob Dudley, CEO of BP, speaks at the 2019 WEF in Davos, Switzerland on Jan. 22, 2019.

    BP forecasts the world's appetite for oil will grow by another 1.4 million barrels per day in 2019, says CEO Bob Dudley.

  • Expect US oil production to increase, says IHS Markit’s Yergin

    Dan Yergin, IHS Markit vice chairman, joins "Squawk Box" at the World Economic Forum at Davos to discuss his outlook for oil prices.

  • *OPEC- led supply cuts support crude prices. SYDNEY/ SINGAPORE, Jan 22- Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. "Slowing manufacturing activity in China is likely weighing on demand," said Singapore- based tanker brokerage Eastport, adding that industrial slowdowns...

  • *OPEC- led supply cuts support crude prices. SYDNEY/ SINGAPORE, Jan 22- Oil prices fell on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. "Slowing manufacturing activity in China is likely weighing on demand," said Singapore- based tanker brokerage Eastport on Tuesday, adding that industrial slowdowns tended to be...

  • A gas flare is seen at an oil well site on July 26, 2013 outside Williston, North Dakota. 

    85 percent of US energy executives are optimistic about the industry's growth prospects in 2019.

  • *China's 2018 crude runs hit record 12.1 mln bpd. LONDON, Jan 21- Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's economic growth is cooling and instead latched on to positive supply-side drivers for the market. Brent crude oil futures were up 12 cents at $62.83 a barrel by 3:23 p.m. EST versus Friday's...

  • *China's 2018 crude runs hit record 12.1 mln bpd. LONDON, Jan 21- Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's slowing economy and instead latched on to positive supply-side drivers for the market. Brent crude oil futures were up 12 cents at $62.82 a barrel by 12:27 p.m. EST, while U.S. crude futures...

  • *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.