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International Organizations OPEC

  • 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. International benchmark Brent crude futures were up 33 cents by 0900 GMT at $56.56 a barrel, their highest...

  • *Growing unease over North Korea, Syria and Russia. *China's Xi stresses peaceful solution in call with Trump. *Oil at highest in five weeks with eyes on OPEC.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Brent crude futures were up 20 cents, or 0.36 percent, at their highest since early March at $56.43 per...

  • *Growing unease over North Korea, Syria and Russia. *Oil at highest in five weeks with eyes on OPEC. Japan's Nikkei slid 1 percent as a rising yen weighed on exporters' shares, while E-mini futures for the S&P 500 were a fraction softer.

  • *Growing unease over North Korea, Syria and Russia. *Oil at highest in five weeks with eyes on OPEC. Japan's Nikkei slid 1 percent as a rising yen weighed on exporters' shares, while E-mini futures for the S&P 500 were a fraction softer.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Brent crude futures were up 13 cents, or 0.23 percent, at their highest since early March at $56.36 per...

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • OPEC and non- OPEC suppliers are working toward cuts of 1.8 million barrels per day, around 2 percent of the 92 million bpd global market, as they try to bring down record oil inventories and raise prices. "Aggressive Permian production growth alongside regional refinery outages and weaker export demand for shale crude has forced heavy discounts for Midland...

  • *Growing unease over North Korea, Syria and Russia. *Oil at highest in five weeks with eyes on OPEC. Japan's Nikkei slid 1.2 percent as a rising yen weighed on exporters' shares, while E-mini futures for the S&P 500 slipped 0.3 percent.

  • *Growing unease over North Korea, Syria and Russia. *Oil at highest in five weeks with eyes on OPEC. Japan's Nikkei slid 1.2 percent as a rising yen weighed on exporters' shares, while E-mini futures for the S&P 500 slipped 0.3 percent.

  • SINGAPORE, April 12- Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first half of 2017.. Traders said that the price rises were a result of reports that Saudi Arabia, the de-facto leader of the...

  • *Growing unease over North Korea, Syria and Russia. *Oil at highest in five weeks with eyes on OPEC. Japan's Nikkei slid 1 percent in early trade, while MSCI's broadest index of Asia-Pacific shares outside Japan was near flat.

  • Saudi Arabia said to want OPEC cuts extended- Dow Jones. April 11- Crude oil prices turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. The market, which retreated early in U.S. trading, turned positive after reports that Saudi Arabia said it wants to extend...

  • Russian soldiers, on armoured vehicles, patrol a street in Aleppo, February 2017.

    Geopolitical tensions could be a double-edged sword for oil prices and threaten the complicated alliance among the world's biggest producers.

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. The market, which retreated early in U.S. trading, turned positive after reports that Saudi Arabia said it wants to extend...

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. BOSTON, April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue OPEC cuts for an additional six months. The market turned positive after reports that Saudi Arabia told OPEC officials it wants to extend production cuts enacted...

  • OIL PRICES TURN POSITIVE AFTER REPORT THAT SAUDI ARABIA WANTS OPEC TO EXTEND CUTS- CNBC, CITING DOW JONES.

  • BOSTON, April 11- Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 33 cents from its previous close at $55.55 per barrel at 11:38 a.m. EDT. West Texas Intermediate...

  • *OPEC cuts show 104 pct compliance with target in March. Production from the 11 OPEC members with output targets under the deal has averaged 29.757 million bpd, according to average assessments of secondary sources OPEC uses to monitor its output. This means production has fallen by more than OPEC said it would and amounts to 104 percent adherence to the supply...

  • OPEC OIL OUTPUT DATA FROM SECONDARY SOURCES MAY BE REVISED BEFORE PUBLICATION ON WEDNESDAY OPEC SOURCES.