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International Organizations OPEC

  • Commodities tomorrow:

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

  • A Libyan oil worker from the Libyan National oil and gas company checks an oil pipelines at the Zawiya oil installation in Zawiya, Libya.

    Oil futures gave up gains on Tuesday as concerns about stubbornly high global crude stockpiles offset news of Russian production declines.

  • *OPEC meets May 25, expected to extend output cuts. *BP sees oil in $50- $55 range if OPEC extends cuts. NEW YORK, May 2- Oil prices dipped on Tuesday as higher output in the United States, Canada and Libya outweighed lower production by Russia and major OPEC exporters ahead of the release of U.S. data expected to show a fourth consecutive decline in crude stocks.

  • LONDON, May 2- U.S. crude production is surging, complicating OPECs efforts to rebalance the oil market. U.S. production rose by more than 450,000 barrels per day in the five months ending in February, according to the U.S. Energy Information Administration. Most of the increase so far has come from non-shale producers in the Gulf of Mexico and Alaska.

  • *Adjusted loss of $0.02 v/s cons of $0.01. Crude prices are stabilizing after a two-year rout as an OPEC- led production cut and a rebound in demand slowly drains a global glut. ConocoPhillips's production, excluding Libya, inched up 2 percent to 1.584 million barrels of oil equivalent per day in the latest reported quarter.

  • *OPEC meets May 25, expected to extend output cuts. *BP sees oil in $50- $55 range if OPEC extends cuts. LONDON, May 2- Oil prices steadied on Tuesday as lower production by Russia and major OPEC exporters balanced news of higher output in the United States, Canada and Libya.

  • *Canadian dollar at C $1.3709, or 72.94 U.S. cents. "This is simply a move to try and wipe out stops ahead of the day really getting rolling," said Brad Schruder, director of corporate sales and structuring at BMO Capital Markets. barrel despite news of lower production by Russia and Organization of the Petroleum Exporting Countries.

  • *OPEC meets May 25, expected to extend output cuts. *BP sees oil in $50- $55 range if OPEC extends cuts. LONDON, May 2- Oil prices rose on Tuesday on news of lower production by Russia and OPEC, and expectations that major exporters would extend output cuts into the second half of the year.

  • Khalid Al-Falih, Saudi Arabia's energy and industry minister, centre, departs following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016.

    OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday.

  • ConocoPhillips's results also reflected a slow but steady improvement across the industry as crude prices stabilize after a two-year rout, as an OPEC- led production cut and a rebound in demand slowly erode a global glut. ConocoPhillips' production, excluding Libya, inched up 2 percent to 1.584 million barrels of oil equivalent per day in the latest reported...

  • LONDON/ DUBAI, May 2- OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target while maintenance and unrest cut production in exempt nations Nigeria and Libya. But more oil from Angola and higher UAE output than originally thought helped OPEC compliance with its...

  • May 2- The following table shows OPEC crude oil output in millions of barrels per day in April and March, according to a Reuters survey published on Tuesday. The April survey indicates output from all 13 OPEC members fell by 80,000 bpd in April from March's revised level. But supply from the 11 OPEC members with production targets under the deal has risen by 20,000...

  • ConocoPhillips's results also reflected a slow but steady improvement across the industry as crude prices stabilize after a two-year rout, as an OPEC- led production cut and a rebound in demand slowly erode a global glut. ConocoPhillips' production, excluding Libya, inched up 2 percent to 1,584 million barrels of oil equivalent per day in the latest reported...

  • *OPEC meets May 25, expected to extend output cuts. *BP sees oil in $50- $55 range if OPEC extends cuts. LONDON, May 2- Oil prices rose on Tuesday on news of lower Russian production and expectations that major OPEC exporters would extend output cuts into the second half of the year.

  • LONDON, May 2- Hedge funds are losing faith that OPEC can accelerate the rebalancing of the oil market even if the group agrees to extend output cuts when it meets later this month. The number of long positions has fallen to the lowest level since before OPEC announced its output agreement on Nov. 30. Fund managers have become less bullish despite increasingly...

  • *OPEC meets May 25, expected to extend output cuts. *Production recovers in Libya, Canada, United States. LONDON, May 2- Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya.

  • *Output recovers in Libya, Canada, U.S. The Organization of the Petroleum Exporting Countries and several other key producers including Russia have agreed to cut output by 1.8 million barrels per day for the first half of 2017 to try to reduce a global glut. OPEC and other producers meet on May 25 and are widely expected to keep output limits for the rest of the year,...

  • *Global output recovery in Libya, Canada, U.S. TOKYO, May 2- Oil prices edged down on Tuesday, as rising output stoked worries that OPEC- led production cuts may not significantly tighten a bloated market. London Brent crude for July delivery was down 18 cents, or 0.4 percent, at $51.34 by 0631 GMT, after settling down 53 cents on Monday.

  • TOKYO, May 2- Oil prices edged down on Tuesday, as a recovery in Libyan output and rising U.S. supplies raised worries that OPEC- led production cuts may not significantly tighten a bloated market. London Brent crude for July delivery was down 6 cents, or 0.1 percent, at $51.46 by 0227 GMT, after settling down 53 cents on Monday. The Organization of the Petroleum...

  • TOKYO, May 2- Oil prices edged down on Tuesday, as a recovery in Libyan output and rising U.S. supplies raised worries that OPEC- led production cuts may not significantly tighten a bloated market. London Brent crude for July delivery was down 7 cents, or 0.1 percent, at $51.45 by 0021 GMT, after settling down 53 cents on Monday. The Organization of the Petroleum...