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Oil prices drop on OPEC"s output deal, but markets to stay tight

SINGAPORE (Reuters) - Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week......»»

Category: topSource: reuters7 hr. 30 min. ago

Asia AM Digest: Yen Eyes Risk Trends, CAD May Fall on OPEC Update

DailyFX com Weekend Developments OPEC Oil PBOC RRR Cuts EU Response to US Auto Tariff Threat Crude oil prices started off the new week with declines after Friday s impressive performance saw it rally the most in a single day 5 32 since November 2016 There.....»»

Category: futuresSource: nasdaq9 hr. 45 min. ago

Australia: S&P/ASX 200 (.AXJO) set to start up following OPEC meeting

Australia: S&P/ASX 200 (.AXJO) set to start up following OPEC meeting Australian shares look set for a positive start to the week following Friday’s gains by markets in the US, Canada and Europe. OPECR.....»»

Category: topSource: livetradingnews16 hr. 0 min. ago

OPEC"s Increased Output Helps U.S. Shale Companies

The cartel’s decision last week to increase production modestly lifted the stock prices of U.S. oil producers, which have learned to survive at whichever price OPEC pursues......»»

Category: smallbizSource: wsjJun 24th, 2018

US Oil Rig Count Ticks Down but Prices Jump on OPEC News

The number of U.S. land-based rigs drilling for oil dropped by one this week. Prices jumped earlier this morning on news that OPEC and its partners are raising production by about 600,000 barrels a........»»

Category: blogSource: 247wallstJun 22nd, 2018

OPEC To Increase Oil Production

Next week we expect new e.....»»

Category: economySource: nasdaqJun 22nd, 2018

OPEC Decides to Increase Oil Production 600K bbl/d

OPEC has just reached a decision to increase output of oil barrels per day -- 1 million on the headline, but actually closer to 600K per day of "real" barrel output. Friday, June 22, 2018Next week, we expect new economic rea.....»»

Category: dealsSource: nytJun 22nd, 2018

OPEC To Increase Oil Production

OPEC's Decision To Up Oil Production Next week, we expect new economic reads on housing, consumer confidence and a fresh GDP revision for Q1. This week, we simply ride out the continua.....»»

Category: dealsSource: nytJun 22nd, 2018

Trade tremors set stocks up for worst week in three months

LONDON (Reuters) - World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices rose with an OPEC meeting underway......»»

Category: topSource: reutersJun 22nd, 2018

Stocks set for worst week in three months on trade war worries

LONDON (Reuters) - World shares rose on Friday but were set to end a second week lower amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices were higher ahead of an OPEC meeting later in the day......»»

Category: topSource: reutersJun 22nd, 2018

8 Energy Stocks To Watch Ahead Of OPEC Meetings

The United States Oil Fund LP (ETF) (NYSE: USO) is down 7.6 percent in the past month as investors anticipate the next major OPEC meeting this week. read more.....»»

Category: blogSource: benzingaJun 21st, 2018

OPEC kingpin Saudi Arabia just "threw down the gauntlet" in production push

De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week......»»

Category: topSource: moneycentralJun 21st, 2018

Saudi Arabia: Deal can be done this week to boost oil supply

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree......»»

Category: topSource: moneyJun 21st, 2018

Why OPEC Isn"t Going To Give Up On High Oil Prices That Easily

With the most highly-anticipated OPEC meeting since November 2014 taking place Friday in Vienna, Macrovoices host Erik Townsend made this week's podcast all about oil. He started his three-part interview series with Dr. Ellen Wald, the author of "Saudi I.....»»

Category: blogSource: zerohedgeJun 20th, 2018

OxyContin maker Purdue Pharma cuts remaining sales force

(Reuters) - OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force......»»

Category: topSource: reutersJun 20th, 2018

Ahead Of OPEC, An Analyst Is Bullish On Energy Stocks

Later this week, the Organization of Petroleum Exporting Countries and Russia meet in Vienna. The cartel and Russia, the largest non-OPEC oil producer, are expected to discuss potentially upping output to take advantage of higher prices. read more.....»»

Category: blogSource: benzingaJun 20th, 2018

Futures Movers: Oil edges higher ahead of supply data, OPEC production decision

Oil prices trade slightly higher Wednesday after seesawing for much of this week ahead of the much-anticipated OPEC meeting and amid Washington and Beijing’s ongoing trade threats......»»

Category: topSource: marketwatchJun 20th, 2018

Iran Oil Minister Doesn"t Expect OPEC Deal on Production Increase

Iran’s oil minister said he didn’t expect OPEC to reach a consensus on boosting oil output this week, threatening to turn the cartel’s meeting into an unusually contentious one......»»

Category: topSource: wsjJun 19th, 2018

OPEC sees strong oil market, possible need for more output

Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group......»»

Category: topSource: moneycentralJun 19th, 2018

OPEC sees strong oil market, possible need for more output

Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group......»»

Category: topSource: moneycentralJun 19th, 2018