OPEC

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OPEC keeps 2011 oil demand growth forecast steady

The Organization of the Petroleum Exporting Countries said it expects oil demand to grow by 1.4 million barrels per day this year, around steady on its previous forecast and also in line with IEA figures.

Brent jumps above $126 on supply worry, dollar

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Brent crude jumped nearly 3 percent to a 32-month high above $126 on Friday and U.S. oil scaled $112 a barrel as commodities climbed on a weaker dollar and after attacks on Libyan oil fields made long-term supply cuts more likely.
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Oil hits 2-1/2-year peak; gains seen slowing

Brent crude oil prices rose to a 2-1/2-year high above $123 a barrel on Wednesday before erasing the majority of gains in volatile trade as market players fretted the recent rally was overdone.
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US stocks open higher after jobs data

U.S. stocks advanced in early trade on Friday following better-than-expected monthly non-farm payrolls and unemployment data.
Rebels repel assault on Misrata, five dead

Oil prices above $107 as Libya fighting intensifies

Oil prices rose above $107 on Friday in Asia, amid concerns that escalating fighting between the rebels and Moammar Gadhafi’s forces in Libya would lead to disruption of oil exports from the OPEC nation for longer than expected.
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Oil turns positive on Libya, Japan uncertainty

Oil prices turned positive on Tuesday as Gaddafi's troops halted a rebel advance, raising doubts among investors over how quickly the conflict in OPEC member Libya could be resolved.
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Oil down on Libya, Japan uncertainty

Oil prices slipped on Tuesday for a third consecutive day as rebels and government troops battled for supremacy in Libya and more bad news from Japan's stricken nuclear plant sapped investor confidence.
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Oil falls a dollar, on expectation of Libyan oil

Oil prices fell around a dollar on Tuesday in a third day of declines as expectations mounted of a relatively swift restoration of supplies from OPEC member Libya.
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Brent falls 3rd day as Libyan rebels advance

Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations that supplies from the nation may be restored quicker than expected.
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Brent falls third day as Libyan rebels advance

Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations supplies from the nation may be restored quicker than expected.
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Brent crude rebounds towards $111 on Middle East

SINGAPORE - Brent crude reversed losses, heading back toward $111 after losing 1 percent earlier on Thursday, as investors weighed Middle East tensions against risks to demand from the nuclear crisis in quake-hit Japan.
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Brent crude falls below $110 as equities drop

SINGAPORE, March 17 - Brent crude fell by as much as 1 percent on Thursday to below $110 as Japan's worsening nuclear crisis buffeted stock markets, raising questions about the impact of the earthquake on growth and energy demand.
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OPEC raises output, ready to act if needed

OPEC stuck to its view that the world has enough oil despite the loss of Libya's crude and prices of $113 a barrel, pointing to rising output from other members and a looming seasonal slowdown in demand.
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US stocks waver as Libya tensions weigh

U.S. stocks wavered between small gains and losses on Wednesday as oil prices remained near $105 a barrel amid reports of intensified fighting in Libya.
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Futures edge higher as oil holds steady

Stock index futures edged higher on Wednesday as oil prices held steady after an OPEC official said the group saw no need for a meeting to discuss raising output even as turmoil in Libya continued.
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Futures edge up as oil supply fears wane

U.S. stock index futures rose on Wednesday as oil prices held steady after an OPEC official said the group saw no need for an emergency meeting to discuss raising its output even as turmoil in Libya continued.
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Brent up at over $113 as Libyan fighting continues

Oil rose over $1 on Wednesday to trade at more than $114 a barrel as fighting intensified in Libya, and an OPEC delegate said it saw no need to hold an emergency meeting to ease supply fears.
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Brent pushes to $114 as Libya effect persists

Oil rose over $1 on Wednesday to trade at over $114 a barrel as fighting intensified in Libya, and OPEC said it saw no need to hold an emergency meeting to ease supply fears.
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Euro debt concerns weigh on global stocks

Concerns about the euro zone debt crisis weighed on world stocks and lifted Portugal's yields to a new euro-era peak on Wednesday, while crude oil held steady off highs following reassurances on supply from OPEC states.
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Oil slips as OPEC mulls output

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.
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Oil slips on OPEC output talk, eyeing Libya

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.
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OPEC mulls boosting output, Iran sees no need

OPEC is in talks about boosting oil supplies, Kuwait's oil minister said on Tuesday, but many in the group remained skeptical, saying world supply is comfortable despite the loss of Libyan crude.

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