×

Europe Top News and Analysis Austria

  • *Markets oversupplied as OPEC production surges. NEW YORK, Nov 17- Oil prices settled slightly lower on Thursday, then fell as much as 1 percent in the after-market session as a stronger dollar outweighed expectations of an OPEC deal to limit production. Saudi Energy Minister Khalid al-Falih said he was optimistic about OPEC's deal to limit oil output, while...

  • *Markets oversupplied as OPEC production surges. NEW YORK, Nov 17- Oil prices rose on Thursday, with U.S. crude briefly rising as much as $1 a barrel, as expectations of an OPEC deal to limit production outweighed oversupply concerns, but a rallying dollar capped gains. Falih said he believed the market was on its way to becoming balanced and that an agreement by OPEC...

  • *Markets oversupplied as OPEC production surges. NEW YORK, Nov 17- Oil prices rose on Thursday, with U.S. crude briefly rising as much as $1 a barrel as expectations of an OPEC deal to limit production outweighed global oversupply concerns, but a rallying dollar capped gains. Saudi Energy Minister Khalid al-Falih said he was optimistic OPEC would formalise a...

  • *OPEC ready for "forceful" deal to cut output- Maduro. LONDON, Nov 17- Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States. Saudi Energy Minister Khalid al-Falih said he was optimistic OPEC would formalize a preliminary oil output deal...

  • *Saudi minister optimistic on final OPEC deal. RIYADH/ DOHA, Nov 17- The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC's deal to limit oil output and mentioned the lower end of a previously agreed production target, helping spur a rally in the price of crude. OPEC agreed on Sept. 28 to limit supply to between 32.5...

  • *OPEC ready for "forceful" deal to cut output- Maduro. LONDON, Nov 17- Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States. Saudi Energy Minister Khalid al-Falih said he was optimistic OPEC would formalize a preliminary oil output deal...

  • RIYADH, Nov 17- Saudi Energy Minister Khalid al-Falih said on Thursday that OPEC should cut oil output to 32.5 million barrels per day, the lower end of a previously agreed range, to balance the market. OPEC agreed in Algeria on Sept. 28 to limit supply with special conditions given to Libya, Nigeria and Iran, whose output has been hit by wars and sanctions.

  • *OPEC ready for "forceful" deal to cut output- Maduro. LONDON, Nov 17- Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed growing evidence of global oversupply and rising inventories, particularly in the United States. Saudi Energy Minister Khalid al-Falih said on Thursday he was optimistic OPEC would formalise a...

  • Colm Kelleher, president of Morgan Stanley.

    Morgan Stanley's Colm Kelleher says Jamie Dimon would be good for the U.S. if he were treasury secretary.

  • CARACAS, Nov 16- OPEC countries are ready to reach a "forceful" agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. OPEC agreed in Algeria on Sept. 28 to limit supply, with special conditions given to Libya, Nigeria and Iran, whose output has been hit by...

  • THURSDAY, NOVEMBER 17 WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the economic outlook before the congressional Joint Economic Committee- 1500 GMT NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work". Speakers include William...

  • THURSDAY, NOVEMBER 17 WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the economic outlook before the congressional Joint Economic Committee- 1500 GMT NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work." Speakers include William...

  • CARACAS, Nov 16- OPEC countries are ready to reach a "forceful" agreement on cutting oil output, Venezuelan President Nicolas Maduro said on Wednesday, following a meeting with OPEC Secretary-General Mohammed Barkindo in Caracas. OPEC agreed in Algeria on Sept. 28 to limit supply, with special conditions given to Libya, Nigeria and Iran, whose output has been hit by...

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuelan president Wednesday. Russia said it was ready to support OPEC's decision on an output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said.

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuelan president Wednesday. Russia said it was ready to support OPEC's decision on an output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said.

  • LONDON, Nov 16- U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop up prices, the head of the International Energy Agency said. OPEC members are due to meet in Vienna at the end of the month to push through the first output limiting deal since 2008..

  • LONDON/ DOHA, Nov 16- OPEC officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, OPEC sources said, a sign of progress in finalising the exporter group's first such deal since 2008.. OPEC agreed in Algeria on Sept. 28 to limit supply with special conditions given to Libya, Nigeria and Iran, whose...

  • ALGIERS, Nov 16- A number of energy ministers from OPEC oil-producing countries are likely to meet informally in Doha on Friday to try to build consensus over decisions taken by the full group in September in Algiers, an Algerian energy source said. At the September meeting, OPEC agreed on modest, preliminary, oil output cuts in the first such deal since 2008, with...

  • *OPEC sec-gen to meet with members ahead of Nov. 30 meeting. NEW YORK, Nov 15- Oil prices jumped 6 percent on Tuesday, with U.S. crude notching its biggest daily percentage gain in seven months, on renewed expectations that OPEC will agree later this month to reduce a global supply glut. OPEC secretary-general Mohammed Barkindo will travel to member nations,...

  • *OPEC sec-gen to meet with members ahead of Nov. 30 meeting. NEW YORK, Nov 15- Oil prices jumped 6 percent on Tuesday, with U.S. crude notching its biggest daily percentage gain in seven months, on renewed expectations that OPEC will agree later this month to reduce a global supply glut. OPEC secretary-general Mohammed Barkindo will travel to member nations,...