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International Organizations OPEC

  • Eni said Friday it earned 18 million euros in the period, compared with a 446 million-euro loss a year earlier. The start-up of offshore projects in Ghana, Angola and Indonesia contributed to a 3 percent production increase to 1.77 million barrels a day of oil and natural gas. That was offset by OPEC production cuts, price effects and lower production in mature...

  • Commodities tomorrow:

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

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "It's the summer driving season, so the market looks to gasoline for direction and with gasoline...

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "Today's buying rotation back to the front of the curve is a healthy sign that augers in favor of...

  • Commodities tomorrow:

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

  • SINGAPORE, July 26- The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. The UAE halted condensate imports from Qatar after it, along with Saudi Arabia, Egypt and Bahrain, severed...

  • SINGAPORE, July 26- The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. The UAE halted condensate imports from Qatar after it, along with Saudi Arabia, Egypt and Bahrain, severed...

  • *Nigeria agrees to join push to rein in output. Brent crude futures rose 41 cents, or 0.8 percent, to $50.61 a barrel by 0617 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by Saudi Arabia's announcement at a meeting of the Organization of the Petroleum Exporting Countries and non- OPEC producers on Monday that it would limit crude...

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. Indonesia said two months ago that it was considering rejoining OPEC after it had left and rejoined several times over the...

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. "We would have to have a concession for not following cuts from time to time," the minister, Ignasius Jonan, said in an interview in...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • Commodities tomorrow:

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

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday, the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose around 3 percent on Tuesday, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

  • *Dollar index sits near lowest since June 2016. NEW YORK, July 25- A set of strong U.S. earnings reports sent the S&P 500 stock index to a record high on Tuesday, while the dollar held at its lowest since June 2016 ahead of a two-day Federal Reserve policy meeting. Oil prices rose more than 2 percent, extended their recovery on a pledge by top OPEC producer Saudi Arabia to...

  • *OPEC to tackle some members' compliance with output deal. London, July 25- Oil rose by more than 2 percent on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC called on members to boost compliance with agreed output cuts to help curb oversupply and support flagging crude prices. At a meeting in the Russian city of St. Petersburg on Monday,...

  • July 25- Kuwait's OPEC governor Haitham al-Ghais said it is premature to talk about additional cuts to oil output as things are going in the right direction and signs are positive, Al-Arabiya television reported. Kuwait chairs a ministerial committee which met in the Russian city of St Petersburg on Monday. The committee of OPEC and non- OPEC states monitors the...

  • This commitment is belated recognition that OPEC and its non- OPEC allies, including Russia, have to do more than just comply with their November agreement to cut output by a combined 1.8 million bpd. Vessel-tracking data from Thomson Reuters and other service providers suggest that cuts to exports in the first half of 2017 by OPEC and its non- OPEC allies haven't...

  • An employee performs the final inspection of a Golf 7 automobile at the Volkswagen in Wolfsburg, Germany.

    European bourses closed higher during Tuesday as investors monitored earnings and awaited the start of a two-day policy meeting of the Fed.

  • *OPEC to tackle some members' compliance with output deal. London, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. At a meeting in the Russian city of St. Petersburg on Monday, the...