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International Organizations OPEC

  • 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,...

  • The shale boom, which came about largely because of a loose monetary environment, will be short-lived, says former Shell CEO Peter Voser.

  • 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 and some non- OPEC producers including Russia first agreed in November last year to cut their output by...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *OPEC cartel meets in Vienna on Friday. *OPEC panel to discuss extending oil cut deal, tracking exports. "Compliance looks to be a bit of an issue" if prices rise much from current levels, said John Kilduff, partner at Again Capital LLC in New York.

  • *OPEC meets in Vienna on Friday. *OPEC panel to discuss extending oil cut deal, tracking exports. Ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers meeting in Vienna on Friday, will discuss a possible extension of a deal to cut 1.8 million barrels per day of supply to support prices and will consider monitoring...

  • *OPEC meets in Vienna on Friday. NEW YORK, Sept 21- Oil prices were largely steady on Thursday, coming under slight pressure from a stronger dollar as traders waited to see whether oil-producing countries set to meet in Vienna would extend production limits to reduce the global crude glut. Ministers from the Organization of the Petroleum Exporting Countries,...

  • *OPEC meeting in Vienna on Friday. *OPEC to discuss potential extension of production cuts. "The bull run in the oil market is running out of steam as unease builds ahead of tomorrow's OPEC/ non- OPEC meeting," said Stephen Brennock, analyst at London brokerage PVM Oil Associates.

  • 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,...