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  • *Iran, Iraq resist Saudi pressure to cut output. *U.S. oil industry could gain from OPEC cut. SINGAPORE, Nov 30- Oil markets edged up in nervous trading on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014..

  • *China stocks, commodities fall on liquidity fears. HONG KONG, Nov 30- Asian stocks tried to stabilise after a rocky November month drew to a close, but Wednesday's session brought new anxieties as Chinese equities and commodities tanked amid worries that Beijing's efforts to support its currency could squeeze liquidity. The decline in Chinese stocks weighed...

  • *Hong Kong rises on telecommunication shares, but gains capped. SHANGHAI, Nov 30- Hong Kong stocks edged up on Wednesday morning, taking their cue from Wall Street, but gains were capped as investors remained cautious ahead of an OPEC meeting and Italy's referendum result. Risk appetite in the Hong Kong market was curbed ahead of a meeting of the Organization of the...

  • NEW YORK/ HOUSTON, Nov 30- In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq. The steep slide in costs could encourage more U.S. shale output if OPEC members cut supplies, undermining the producer group's ability to boost prices. OPEC ministers meet...

  • *USD gains limited, OPEC meeting seen potentially moving markets. TOKYO, Nov 30- The dollar pared earlier losses against the yen and euro and edged up on Wednesday, as U.S. debt yields resumed their ascent. The greenback's gains were limited, however, as traders braced for a meeting by the Organization of the Petroleum Exporting Countries later in the day which could...

  • Oil bounced as investors looked ahead to developments at the Organization of the Petroleum Exporting Countries meeting in Vienna later in the day. More than $16 billion have been sucked out of emerging markets in the two weeks following the Nov. 8 vote but stock exchange data in India, Indonesia, Philippines, Taiwan, Thailand and South Korea indicate the...

  • *Iran, Iraq resist Saudi pressure to cut output. SINGAPORE, Nov 30- Oil markets edged up in nervous trading on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.. Oil dropped nearly 4 percent the previous session over disputes...

  • TOKYO, Nov 30- Japanese stocks edged up on Wednesday morning on the back of Wall Street's strength, but gains were limited as most investors stayed on the sidelines ahead of an OPEC meeting to decide on production cuts and a crucial referendum in Italy. On the day, Shigemi expects subdued activity as traders looked to developments at the Organization of the...

  • *Iran, Iraq resist Saudi pressure to cut output. SINGAPORE, Nov 30- Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.. Oil dropped nearly 4 percent the previous session over disputes between Saudi...

  • HONG KONG, Nov 30- Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as OPEC struggled to agree on a glut-draining production cut. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trades. Oil slumped by roughly 4 percent on Tuesday before bouncing...

  • *Iran, Iraq resist Saudi pressure to cut output. SINGAPORE, Nov 30- Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.. Oil dropped nearly 4 percent the previous session over disputes between Saudi...

  • *Investors wary, OPEC meeting seen potentially churning markets. TOKYO, Nov 30- The dollar moved sideways against the yen and euro early on Wednesday, as traders braced for a meeting by OPEC later in the day which could potentially churn financial markets and weigh on the U.S. currency. The euro was little changed at $1.0648, barely adding to overnight gains of 0.3...

  • Brokers pointed to record volumes in call options that allow the holder to buy January futures at $60 per barrel, as a sign that some market participants were expecting a significant rally if members of the Organization of the Petroleum Exporting Countries agree on a deal. OPEC said in September it aimed to cut crude output to 32.5 million to 33 million barrels...

  • *OPEC members split over who should cut output and by how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. NEW YORK, Nov 29- Oil slumped by roughly 4 percent on Tuesday as OPEC's leading oil exporters struggled to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day...

  • Members of the Organization of the Petroleum Exporting Countries were set to meet in Vienna on Wednesday, aiming to implement a deal outlined in September to cut output. "Hope springs eternal that something could still be hammered out, but it just feels like there's very low likelihood or optimism given Iran's position and whatnot," said Don Mikolich, executive...

  • *OPEC members split over who should cut output and how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. *Asian OPEC buyers eye alternatives if OPEC cuts output.

  • *OPEC experts could not agree details in Monday talks. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output cuts. On Tuesday, tensions rose further after Iran wrote to OPEC saying it wanted Saudi...

  • *OPEC members split over who should cut output and how much. *OPEC papers propose 1.2 mln bpd cut from Oct levels- source. *Asian OPEC buyers eye alternatives if OPEC cuts output.

  • *OPEC experts could not agree details in Monday talks. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output cuts. On Tuesday, tensions rose further after Iran wrote to OPEC saying it wanted Saudi...

  • *OPEC members split over who should cut output and how much. *Asian OPEC buyers eye alternatives if OPEC cuts output. NEW YORK, Nov 29- Oil prices fell almost 4 percent on Tuesday on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply.