organization

Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

NEW YORK/LONDON (Reuters) – Oil settled up 3 percent on Monday as the world's largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output in April in Doha which failed. The Organization of the…

Originally posted here:
Oil ends up 3 percentt as OPEC meets; volatility hits post-Doha high

organization

With oil price near $50, resilient U.S. shale producers eye new chapter

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. To regain market share, the Organization

Read the original here: 
With oil price near $50, resilient U.S. shale producers eye new chapter

organization

Lufthansa CEO says rising protectionism hampering M&A

The growing trend of protectionism worldwide is hampering cross-border consolidation in the airline industry, the chief executive of German airlines group Lufthansa said on Saturday. “To be honest I see protectionism around the world rising rather than more liberalization,” Carsten Spohr said on Saturday at a Star Alliance event in Zurich, highlighting…

Here is the original:
Lufthansa CEO says rising protectionism hampering M&A

organization

Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president

Paraguay's state-run oil firm Petropar said Saturday that Venezuelan state oil producer PDVSA [PDVSA.UL] had set a 10-day deadline for the Paraguayan company to pay off $287 million of long-standing debt. The demand comes shortly after Paraguay asked last week to convene a meeting of foreign ministers in the South American Mercosur trade group to examine if Venezuela had failed to comply with democratic norms laid out in the organization's charter. Petropar president Eddie Jara told local media that he received a letter…

Go here to see the original: 
Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president

organization

China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of…

See the original post: 
China complains to WTO that U.S. fails to implement tariff ruling

organization

China says EU should take steel dumping claims to WTO

China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up …

View post: 
China says EU should take steel dumping claims to WTO

organization

Iran oil minister says proposed OPEC emergency meeting may hurt market

Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude oil market if it made no decision to shore up falling prices. Venezuela has been calling for an emergency meeting to discuss steps to prop up prices, which are at their lowest

Go here to see the original:
Iran oil minister says proposed OPEC emergency meeting may hurt market

organization

OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting Countries (OPEC) would decline by 660,000 barrels per day (bpd) in 2016, led by the United States, OPEC said in a

View original here:
OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

organization

Oil slumps below $28 to 2003 low as Iran sanctions lifted

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. Responding to Tehran's compliance with a nuclear deal, the …

Read the rest here: 
Oil slumps below $28 to 2003 low as Iran sanctions lifted

« Previous Page