SINGAPORE U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising U.S. production.
ABUJA OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday.
MOSCOW Russia is proposing the creation of an OPEC-like organization for the global aluminum industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday.
LONDON Oil prices are likely to stay in a tight range between $50 and $60 a barrel this year as a recovery in U.S. shale output counterbalances the OPEC supply cut deal to reduce the global glut, Litasco Chief Executive Tim Bullock said in an interview.
MELBOURNE London zinc prices have nearly doubled over the past 13 months and are closing in on nine-year highs, but signs of tightening in the global market for refined zinc means the rally may have further to run.
NEW YORK Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply.
MEXICO CITY Mexican state-owned oil company Pemex on Monday reported a much smaller fourth-quarter loss, due in large part to higher crude prices.
SOCHI, Russia Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports.
MILAN/PARIS Total is in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
NEW YORK U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.
WASHINGTON Billionaire investor Wilbur Ross easily won confirmation as U.S. commerce secretary on Monday, clearing President Donald Trump's top trade official to start work on renegotiating trade relationships with China and Mexico.