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  • *But rising U.S. output could undermine OPEC- cut. Monday's falls came after prices tumbled more than 3 percent on Friday on disagreement between OPEC and non- OPEC crude exporters like Russia over who should cut production by how much in order to curb a global supply overhang that has more than halved prices since 2014.. "I hold a very strong view, that the fiscal...

  • SINGAPORE, Nov 28- Oil prices regained some ground after steep losses made since Friday in choppy trading ahead of a planned producer meeting on Wednesday aimed at reining in global oversupply. Brent crude futures were trading at $47.20 per barrel at 0346 GMT, down 4 cents from their last close. Prices had tumbled over disagreement between the Organization of...

  • *Saudi Arabia pulls out of preliminary OPEC talks. OPEC will meet in Vienna on Wednesday to decide on the details of a cut, potentially including non- OPEC members like Russia or Azerbaijan. A meeting between OPEC and non- OPEC producers that was to be held on Monday was called off after Saudi Arabia declined to attend.

  • OPEC oil ministers meet in Vienna on Wednesday in an effort to finalize that deal; OPEC also wants non- OPEC producers such as Russia to support the intervention by curbing their output. "We expect the level of demand to be encouraging in 2017, and the market will reach balance in 2017 even if there is no intervention by OPEC. But OPEC intervention aims to expedite...

  • MOSCOW, Nov 26- Russia is continuing consultations with OPEC aimed at stabilizing oil markets and is positive about a global deal, Energy Minister Alexander Novak said on Saturday. In a statement, his ministry quoted Novak as saying OPEC had to reach consensus within the group before other producers could join such an agreement. Earlier, Russian news agencies...

  • *Saudi wants OPEC to solve own problems before meeting non- OPEC. *Analysts expect some output cut after OPEC meeting. BOSTON, Nov 25- U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-...

  • *OPEC, non- OPEC officials were to meet on Monday in Vienna. DUBAI/ LONDON, Nov 25- Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non- OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organisation first. "There is an official letter from saying not...

  • *Saudi wants OPEC to solve own problems before meeting non- OPEC. *Analysts expect some output cut after OPEC meeting. BOSTON, Nov 25- Oil prices fell more than 2 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with...

  • *OPEC, non- OPEC officials were to meet on Monday in Vienna. DUBAI/ LONDON, Nov 25- Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non- OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first. "There is an official letter from saying not...

  • *OPEC, non- OPEC officials were to meet on Monday in Vienna. DUBAI/ LONDON, Nov 25- Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non- OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organisation first. "There is an official letter from saying not...

  • DUBLIN, Nov 25- After a year of huge shocks to the market, investors' nerves will be tested twice more in the coming week as OPEC debates an oil output cut and Italy provides the first of several upcoming major European electoral tests. By far the greater unknown of the two, investors fear Italy could be plunged into political uncertainty if pro-euro Prime Minister...

  • Nov 25- Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non- OPEC oil producers, OPEC sources said on Friday. The meeting was planned to discuss the contribution that producers outside the Organization of the Petroleum Exporting Countries will make to a supply-limiting agreement.

  • *Most analysts expect some form of output cut after OPEC meeting. Thanksgiving holiday and with many traders reluctant to take big new positions ahead of a planned OPEC- led crude output cut to be decided next week. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially with non- OPEC member Russia, but there is disagreement within the producer cartel as to...

  • *Most analysts expect some form of output cut after OPEC meeting. OPEC is due to meet on Nov. 30 to coordinate a cut, potentially together with non- OPEC member Russia, but there is also disagreement within the producer cartel as to which member states should cut and by how much. "Crude oil prices treaded water as OPEC and non- OPEC members spent more time in preliminary...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • VIENNA, Nov 24- The euro zone's national banking systems are pulling apart, rather than coming closer together, and that is leaving them more exposed to domestic shocks, the European Central Bank's chief economist said on Thursday. But ECB chief economist Peter Praet said euro zone's banks have in fact become more domestically focussed than before.

  • The case was confirmed in Cloppenburg in north Germany and is the first farm-based case in Lower Saxony, one of Europe's largest poultry production regions, the state's agriculture ministry said. The contagious H5N8 strain has been repeatedly found in wild birds in much of Germany in recent days and the country's government has tightened sanitary rules for...

  • VIENNA, Nov 24- Europe's long-planned banking union, one of the pillars of its response to the financial crisis, is being held back by "integration fatigue," the European Central Bank's chief economist said on Thursday. "I have the impression of integration fatigue where it is not very clear what will be the end regime for the banking union," Praet told reporters in...

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.

  • *Most analysts expect OPEC- led cut to be agreed. Thanksgiving holiday and there was a reluctance to take on big price bets amid uncertainty about the planned OPEC- led production cut. OPEC is due to meet on Nov. 30 to coordinate the cut agreed in Algiers in September, potentially with the cooperation of Russia, which is not a member of the group.