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International Organizations OPEC

  • HOUSTON, Oct 20- Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by Reuters, halting delivery of a cargo to an oil trader. Shipping delays and quality concerns also are jeopardizing the OPEC- member country's crude sales,...

  • *Nigeria promised to cap output at 1.8 mln bpd of crude. *Estimates of Nigeria's crude output: http://tmsnrt.rs/2xTcNOM. LONDON, Oct 20- When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest.

  • *Global refiners import U.S. oil to make up for OPEC cuts. SINGAPORE, Oct 20- Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. "I think he is trying to warn people that we can't keep running... at that rate because it implies an ongoing...

  • *Nigeria promised to cap output at 1.8 mln bpd of crude. *Estimates of Nigeria's crude output: http://tmsnrt.rs/2xTcNOM. LONDON, Oct 20- When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest.

  • *Crude fell previous day after China warning spooked markets. *Global refiners import U.S. oil to make up for OPEC cuts. SINGAPORE, Oct 20- Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets.

  • *Crude fell previous day after China warning spooked markets. *Global refiners import U.S. oil to make up for OPEC cuts. SINGAPORE, Oct 20- Oil prices were stable on Friday, supported by signs of tightening supply and demand fundamentals, but a warning about excessive China economic optimism spooked traders and weighed on markets.

  • *Global refiners import U.S. oil to make up for OPEC cuts. SINGAPORE, Oct 20- Oil markets edged up on Friday, recovering some of the previous day's losses, as analysts pointed to signs of a tightening market. Brent crude futures, the international benchmark for oil prices, were at $57.31 at 0027 GMT, up 8 cents, or 0.1 percent, from their last close.

  • HOUSTON, Oct 19- Mexico has not yet been consulted by the Organization of the Petroleum Exporting Countries about a plan to extend a production cut through the end of 2018, the country's deputy energy minister, Aldo Flores, said on Thursday. Several non- OPEC producers, including Mexico, last year joined with OPEC to drain a global inventory glut in a move that has...

  • TIPUTINI, Ecuador, Oct 19- Ecuador's oil minister said on Thursday the Andean country would ask in November to be exempt from OPEC production quotas, citing fiscal problems because of lower crude prices. Ecuador is seeking support for its request from OPEC members including Saudi Arabia and Venezuela, Carlos Perez told journalists during a visit to a jungle oil...

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held on to most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. Brent crude fell by $1.13 a barrel to a low of $57.02 before recovering a little to $57.30 by 1345 GMT.

  • *Canadian dollar at C $1.2481, or 80.12 U.S. cents. Prices of oil, one of Canada's major exports, slipped on profit taking. Oil had been supported in recent weeks by OPEC- led supply cuts, tension in the Middle East and lower U.S. production.

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. Brent crude fell $1.02 a barrel to a low of $57.13 before recovering a little to $57.20 by 1230 GMT.

  • LONDON, Oct 19- Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC's secretary general said on Thursday, with the potential for continuation throughout 2018 forming a basis for talks. The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, are cutting oil output by about 1.8...

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • VERONA, Italy Oct 19- A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilise the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday. The Organization of the Petroleum Exporting Countries and other leading global oil producers led by Russia have...

  • *OPEC expected to extend supply cuts through next year. LONDON, Oct 19- Oil prices slipped on Thursday but held onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • LONDON, Oct 19- Efforts by global oil producers to curb production are helping to speed up the balancing of the crude market, OPEC's secretary-general said on Thursday. "There is no doubt that this market is rebalancing at an accelerating pace," Mohammad Barkindo said in a speech at the Oil& Money conference in London. Producers from OPEC as well as a group of non- OPEC...

  • *OPEC expected to extend supply cuts next year. LONDON, Oct 19- Oil prices steadied on Thursday, holding onto most recent gains, supported by OPEC- led supply cuts, tension in the Middle East and lower U.S. production. "OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling."

  • *OPEC expected to extend supply cuts next year. SINGAPORE, Oct 19- Oil prices were stable on Thursday, supported by ongoing OPEC- led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Analysts said there was also a risk to supply from political instability in areas ranging from the Middle East to South America.

  • *OPEC expected to extend supply cuts next year. SINGAPORE, Oct 19- Oil prices were stable on Thursday, supported by ongoing OPEC- led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. "The' Fragile Five' petrostates- Iran, Iraq, Libya, Nigeria and Venezuela- continue to see supply disruption potential, with northern...