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International Organizations OPEC

  • *Could be pressure on OPEC to extend production cuts. Benchmark Brent crude futures were down 9 cents at $55.27 at 0058 GMT. They ended a quiet session on Monday down 53 cents at $55.36, after rising the three previous weeks.

  • LONDON, April 17- Crude oil recouped earlier losses on Monday in subdued trading, but signs that the United States is continuing to add output largely counteracted strong economic growth in China and OPEC- led efforts to cut production. Benchmark Brent crude futures were down 14 cents at $55.75 at 1350 GMT, after trading as much as 58 cents lower.

  • LONDON, April 17- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production. Benchmark Brent crude futures were down 50 cents at $55.39 at 1126 GMT. West Texas Intermediate crude futures were down 47 cents at $52.71 a barrel, after rising 7...

  • LONDON/ TOKYO, April 17- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production. West Texas Intermediate crude futures were down 46 cents at $52.72 a barrel, after rising 7 cents to $53.18 on Thursday. "All the signs of an ever-growing bull...

  • TOKYO, April 17- Crude oil fell on Monday in quiet trading after the three-day Easter break on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday. Benchmark Brent crude futures were down 56 cents at $55.33 at 0618 GMT. West Texas Intermediate...

  • TOKYO, April 17- Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday. Benchmark Brent crude futures were down 49 cents at $55.40 at 0310 GMT. On Thursday, before the break...

  • The market has been oversupplied since mid-2014, prompting members of the Organization of the Petroleum Exporting Countries and some non- OPEC producers to agree to cut output in the first six months of 2017.. With the increasing rig count pointing to rising supply, Tony Headrick, energy market analyst at CHS Hedging, said OPEC would be watching.

  • The market has been oversupplied since mid-2014, prompting members of the Organization of the Petroleum Exporting Countries and some non- OPEC producers to agree to cut output in the first six months of 2017.. With the increasing rig count pointing to rising supply, Tony Headrick, energy market analyst at CHS Hedging, says OPEC will be watching.

  • The market has been oversupplied for three years, prompting members of the Organization of the Petroleum Exporting Countries and some non- OPEC producers to agree to cut output in the first six months of 2017 to rein in the glut. OPEC meets on May 25 to consider extending the cuts beyond June. Saudi Arabia, Kuwait and most other OPEC members are leaning towards this...

  • LONDON, April 13- Oil prices edged higher on Thursday after the International Energy Agency said the market was nearing balance, while data showing higher U.S. production kept gains in check. The market has been oversupplied for three years, prompting members of the Organization of the Petroleum Exporting Countries and some non- OPEC producers to agree to cut...

  • *Russia yet to decide on oil cut extension. MOSCOW, April 13- A strong rouble is deflating Russian oil producers' and government hopes for a revenue boost from a global deal to curb output that was designed to lift prices and reduce inventories. The price of Russia's flagship Urals oil blend has risen around 20 percent since OPEC and 11 other large producers, led by...

  • *Russia yet to decide on oil cut extension. MOSCOW, April 13- A strong rouble is deflating Russian oil producers' and government hopes for a revenue boost from a global deal to curb output that was designed to lift prices and reduce inventories. The price of Russia's flagship Urals oil blend has risen around 20 percent since OPEC and 11 other large producers, led by...

  • The market has been oversupplied for three years and members of the Organization of the Petroleum Exporting Countries as well as some non- OPEC producers have agreed to slash output to rein in the glut. Latest OPEC data showed members had cut March output beyond what they had promised. OPEC meets on May 25 to consider whether to extend the supply cut beyond June.

  • LONDON, April 13- Oil traded flat on Thursday after weekly data indicated a continued rise in U.S. production, while an International Energy Agency report said the market was close to balance. U.S. production estimates in a weekly Energy Information Administration report suggested domestic output continued to climb, potentially undermining an OPEC- led...

  • SINGAPORE, April 13- Crude oil futures were largely unchanged on Thursday, with the market torn between rising U.S. production and the output cuts being made by OPEC and other producers. West Texas Intermediate crude futures were down 6 cents at $53.05 a barrel. Traders focused on preliminary U.S. production estimates in the weekly Energy Information...

  • *Gasoline stocks in Singapore have surged this year. SINGAPORE, April 13- After years of often explosive growth, fuel consumption in Asia's biggest economies is stuttering, undermining efforts led by the Organization of the Petroleum Exporting Countries to end a global supply glut and lift prices. Chinese fuel growth is at a three year low, Japanese fuel demand...

  • CARACAS, April 12- Venezuela and its state oil company PDVSA on Wednesday made $2.6 billion in bond payments, the OPEC country's vice president said on Wednesday, fulfilling heavy debt service that has contributed to the country's economic crisis. President Nicolas Maduro's government has met commitments to Wall Street investors for years by slashing...

  • Cushing stockpiles rise in latest week. West Texas Intermediate crude futures were down 29 cents and settled at $53.11 a barrel after touching the highest since March 7 at $53.76. Both contracts had jumped to the highest in more than a month after Saudi Arabia was reported to be pushing fellow OPEC members and some rivals to prolong supply cuts beyond June.

  • LONDON, April 12- Brent oil extended gains into an eighth straight session on Wednesday, having recovered nearly all last month's losses, after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June. OPEC countries cut oil output in March by more than they pledged, according to figures the group published in a...

  • TORONTO, April 12- The Canadian dollar strengthened on Wednesday to a nine-day high against its U.S. counterpart ahead of a Bank of Canada interest rate decision, supported by higher prices of oil, one of the country's major exports. barrel after Saudi Arabia was said to be pushing its fellow OPEC members and some rivals to prolong supply cuts beyond June.