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Oil prices dip as markets remain bloated despite OPEC-led cuts

* OPEC estimated to be achieving 90 pct of targetted output cuts * But U.S. rig count rises to highest since October 2015 * Russian exports still high despite cutting production By Henning Gloystein SINGAPORE, Feb 13 (Reuters) - Oil prices......【More】

2017-02-13

US STOCKS-Oil prices prop up Wall St; Nasdaq hits record high

* Weekly jobless claims fall to near 43-yr low * Energy stocks gain as oil prices rise * Viacom rises 4 pct as quarterly profit beats estimates * Indexes up: Dow 0.16 pct, SP 0.17 pct, Nasdaq 0.2 pct (Updates to open) By Yashaswini Swamynat......【More】

2017-02-10

UPDATE 2-Nigeria approve $1 bln Eurobond sale as investors fret over oil, FX risk

* Nigeria in roashow to sell $1 bln Eurobond * FX risk, oil production weigh on discussion - source * Bond likely to price above 7 pct yield this week By Camillus Eboh and Chijioke Ohuocha ABUJA/LAGOS, Feb 8 (Reuters) - Nigerias parliament......【More】

2017-02-09

UPDATE 2-BP lifts break-even oil price after profit miss

* Lowest annual profit in at least a decade * Raises breakeven oil price to around $60 per barrel * Expects production to rise in 2017 * OPEC cuts to have limited impact on BP in Abu Dhabi (Recasts, adds details, analyst quote, share price)......【More】

2017-02-08

BRIEF-Diamond Offshore Drilling sees recovery when oil "well over $60"

Feb 6 (Reuters) - Diamond Offshore Drilling Inc (DO.N) * Sees q1 revenue to be flat from q4 revenue of 2016 - conf call * Says oil prices need to be well over $60 for any appreciable change in offshore demand - conf call Source text for Eik......【More】

2017-02-07

U.S. reversal on transparency could sting Canadian, European oil companies

By Ernest Scheyder and Nia Williams HOUSTON/CALGARY, Feb 3 (Reuters) - Canadian and European oil companies will find themselves at a competitive disadvantage to their American rivals if U.S. lawmakers scrap tighter transparency requirements......【More】

2017-02-06

U.S. oil rig count rises to highest since October 2015 -Baker Hughes

Feb 3 (Reuters) - U.S. energy companies added oil rigs for a 13th week in the last 14, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in l......【More】

2017-02-04

Zambia suspends importation licenses for oil companies

LUSAKA, Jan. 20 (Xinhua) -- Zambias energy regulator has suspended fuel importation licenses for Oil Marketing Companies (OMCs), a senior official said Friday. The suspension came after the announcement of the Zambian government plan to dis......【More】

2017-01-24

Oil edges up after producer meeting, but high U.S. output weighs

By Henning Gloystein SINGAPORE, Jan 23 (Reuters) - Oil prices edged up on Monday, supported by statements from oil producers over the weekend that a output cut was being successfully implemented, but markets were held back by a surge in dri......【More】

2017-01-23

CANADA STOCKS-TSX Jumps 1 pct as oil rally boosts energy stocks; Trump eyed

* TSX up 161.87 points, or 1.05 percent, at 15,571.68 * All of the TSXs 10 main groups were higher TORONTO, Jan 20 (Reuters) - Canadas main stock index jumped 1 percent on Friday in a broad rally led by resources stocks as oil prices pushed......【More】

2017-01-22