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International Organizations OPEC

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. In comments made to Reuters, OPEC...

  • *OPEC oil output falls more in March- Reuters survey. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose nearly 2 percent on Wednesday as U.S. crude inventories rose less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • An oil worker in the Bakken shale formation outside Watford City, North Dakota.

    U.S. drillers are buying up insurance against falling oil prices — a move that could prolong the global crude glut.

  • *Armed protesters block 250,000 bpd of production in Libya. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose again on Wednesday, up another 1.5 percent as U.S. crude inventories rose less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • *Saudi ups supply but stays below its OPEC output target. LONDON/ DUBAI, March 29- OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya. The reduction by the UAE has helped...

  • March 29- The following table shows OPEC crude oil output in millions of barrels per day in March and February, according to a Reuters survey published on Wednesday. In an effort to prop up prices, OPEC started reducing its output by about 1.2 million bpd on Jan. 1 in its first supply cut decision since 2008. In March, supply from the 11 OPEC members with production...

  • *OPEC- led production cut expected to be extended into H2. LONDON, March 29- Oil prices extended gains on Wednesday despite an increase in U.S. crude inventories, lifted by Libyan supply disruptions and expectations of an OPEC- led output cut being extended. OPEC member Libya was excluded from the cuts, agreed late last year, as the country's oil sector suffered from...

  • U.S. futures pointed to a mixed open following a rally on better-than-expected economic data in the previous session.

  • *OPEC- led production cut expected to be extended into H2. LONDON, March 29- Oil prices extended gains on Wednesday despite industry data showing an increase in U.S. crude inventories, lifted by supply disruptions in Libya and views that an OPEC- led output reduction is likely to be extended. OPEC member Libya was excluded from the cuts, agreed late last year, as the...

  • *OPEC- led production cut expected to be extended into H2 2017. SINGAPORE, March 29- Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC- led output reduction will be extended into the second half of the year. In the United States, West Texas Intermediate crude futures were up 34 cents,...

  • *OPEC- led production cut expected to be extended into H2 2017. SINGAPORE, March 29- Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC- led output reduction will be extended into the second half of the year. In the United States, West Texas Intermediate crude futures were up 20 cents...

  • LONDON, March 28- Progress towards oil-market rebalancing and the need for an extension of production cuts by OPEC and non- OPEC countries has become the most contentious issue in the oil market. Goldman expects oil stocks in the OECD to fall to the five-year average in terms of demand cover by the end of 2017, even if OPEC brings production back on line in the...

  • *Libya supply cut by a third due to armed faction action. NEW YORK, March 28- Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output-cuts deal to the end of the year. Armed factions have blocked production at the western Libyan oilfields of...

  • U.S. government debt prices were mixed on Tuesday as investors focused on a fresh batch of economic data and eyed an auction.

  • *Libya supply cut by a third due to armed faction action. NEW YORK, March 28- Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year. Armed factions have blocked production at the western Libyan oilfields of...

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. NEW YORK, March 28- Oil prices surged as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC could extend its production cuts deal to the end of the year.

  • *Libya supply cut by a third due to armed faction action. Iran minister says OPEC deal "likely" to be extended. NEW YORK, March 28- Oil prices rose nearly 2 percent on Tuesday after a severe disruption to Libyan oil supplies and on comments from officials suggesting OPEC could extend its production cuts deal to the end of the year.

  • *Libya supply cut by a third due to armed faction action. *Iran minister says OPEC deal "likely" to be extended. LONDON, March 28- A severe disruption to Libyan oil supplies and comments from officials suggesting OPEC could extend its production cuts deal to the end of the year boosted oil prices on Tuesday.

  • U.S. stock index futures pointed to a flat open on Tuesday on tentative hopes over planned stimulus policies.

  • LONDON, March 28- Major oil traders gathered in Switzerland this week said they expected OPEC and non- OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. An unexpectedly quick return of U.S. shale production since OPEC and non- OPEC producers agreed in December to limit oil production has put the brakes on a...