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International Organizations OPEC

  • BAGHDAD, April 2- Iraq has given OPEC assurances it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday. Compliance with the deal agreed by OPEC and non- OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told an energy conference in Baghdad.

  • US President Donald Trump

    The world wanted stocks in the first quarter. We can see this in the numbers with U.S. markets, Europe and emerging markets.

  • NEW YORK, March 31- Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut. Prices have been locked within a range during the first quarter as traders searched for signals that the Organization of the Petroleum Exporting Countries' production cuts...

  • Oil

    Oil futures promised to post the market's worst-performing quarter since 2015 as investors fret over growing U.S. supplies.

  • RIO DE JANEIRO/ SAO PAULO, March 31- Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day in 2017, second only in the size of additional supply to the United States among non- OPEC...

  • Iran's top four Asian buyers- China, India, South Korea and Japan- imported 2.01 million barrels per day last month, government and ship-tracking data showed, the highest volumes since at least 2010, International Energy Agency data showed. Iran was exempted from an OPEC deal to reduce output by 1.2 million bpd starting Jan. 1, a victory for Tehran which has argued...

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led production cuts. Brent futures were down 34 cents at $52.62 a barrel at 1322 GMT. U.S. crude futures were down 19 cents at $50.16 a barrel...

  • LONDON, March 31- Swiss-based trading and mining giant Glencore is selling a bundle of its global oil storage stakes, sources told Reuters, following similar moves by rivals as a boom period for storage shows signs of nearing to an end. As the Organization of the Petroleum Exporting Countries decided to cut oil output at the end of 2016 to prop up prices and help...

  • *Poor commitment from non- OPEC producers pose risks. March 31- Oil analysts have grown more unsure that OPEC's supply cut will be enough to offset the increase in U.S. production and do not believe prices will reach $60 a barrel until early next year, according to a Reuters poll on Friday. Analysts said OPEC's first accord on supply curbs since 2008 could be...

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led cuts. Brent futures were down 53 cents at $52.43 a barrel at 1023 GMT. U.S. crude futures were down 36 cents at...

  • *Poor commitment from non- OPEC producers pose risks. March 31- Oil analysts have grown more pessimistic that OPEC's supply cut will be enough to offset the increase in U.S. production and do not believe prices will reach $60 a barrel until early next year, according to a Reuters poll on Friday. Analysts said OPEC's first accord on supply curbs since 2008 could be...

  • LONDON, March 31- Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC- led cuts. On Friday, Brent futures were down 32 cents at $52.64 a barrel at 0836 GMT. U.S. crude futures were down 20 cents, at $50.15 a barrel.

  • SINGAPORE, March 31- Oil prices fell on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...

  • SINGAPORE, March 31- Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...

  • *Asia ex- Japan set for 13 pct quarterly gain; Nikkei for 0.3 pct. *China strong manufacturing, services data boost mainland stocks. *Oil continues climb after Kuwait agrees to extend OPEC cuts.

  • SINGAPORE, March 31- Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC- led crude supply cut that was initially supposed to only last for the first half of the year would be extended. Traders said there was a growing sense that the Organization of the Petroleum Exporting Countries and non- OPEC...

  • *Asia ex- Japan set for 13 pct quarterly gain; Nikkei for 0.3 pct. *Oil continues climb after Kuwait agrees to extend OPEC cuts. Stock markets in Asia were off a bit despite solid gains on Wall Street as investors awaited China's official manufacturing purchasing managers index data for March.

  • President Donald Trump pumps his fist as he arrives aboard Air Force One at Louisville Air National Guard Base in Louisville, Ky., U.S. March 20, 2017.

    Fundstrat's Tom Lee explains why he likes energy and financials, and why he thinks the market may have more of a pullback.

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices rose further on Thursday, building on two days of gains after Kuwait gave its backing for an extension of OPEC production cuts.

  • *Canadian dollar ends at C $1.3334, or 75.00 U.S. cents. barrel after Kuwait backed an extension of Organization of the Petroleum Exporting Countries production cuts to reduce a global glut. "The big story is oil back above 50... it is a huge relief for CAD," said Greg Anderson, global head of foreign exchange strategy in New York.