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  • ISTANBUL, Oct 12- OPEC sought on Wednesday to build momentum for its plan to cap global oil production, saying it will extend invitations to more non-member producers after holding informal talks with Russia and Mexico in Istanbul. Representatives of OPEC and non- OPEC countries will hold a technical meeting on October 28-29 in Vienna to continue to discuss "a...

  • LONDON, Oct 11- OPEC's deal to cut oil production is unlikely to result in a substantial reduction in actual supplies, some of the world's biggest oil trading companies said on Wednesday, meaning the market is unlikely to rebalance until well into 2017.. The price of crude oil has stabilized around $50 a barrel since the Organization of the Petroleum Exporting...

  • ALBANY, United States- Federal Reserve Bank of New York President William C. Dudley conducts an open-press fireside chat with the Business Council of New York State- 1200 GMT. BRUSSELS- Participation by European Central Bank Board member Benoit Coeure in a public exchange of views with Members of the Financial Assistance Working Group of the ECON Committee to...

  • NEW YORK, Oct 11- Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut. The International Energy Agency, the energy watchdog of the West, said it was unclear how rapidly global oil supply could fall in line with...

  • NEW YORK, Oct 11- Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about much that would reduce a crude glut. The International Energy Agency, the energy watchdog of the West, said it was unclear how rapidly global oil supply could fall in line with...

  • NEW YORK, Oct 11- Oil fell almost 2 percent on Tuesday, retreating from one-year highs, after mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output. The International Energy Agency, the energy watchdog of the West, also said it was unclear how rapidly global oil supply could fall in line with demand even if...

  • NEW YORK, Oct 11- Crude oil prices slipped on Tuesday, retreating from one-year highs, after mixed responses by Russian oil industry officials toward an OPEC call for all major crude producers to cut output. Igor Sechin, Russia's most influential oil executive and the head of Rosneft, told Reuters that his company will not cut or freeze oil production as part of a...

  • MOSCOW, Oct 11- Russia's second-largest bank VTB is likely to adjust its investment banking activities in London because of Britain's vote to leave the European Union, but the scale of the changes will depend on how Brexit unfolds, it said on Tuesday. The Financial Times reported on Tuesday that the bank would move its European headquarters out of London because...

  • Oil barrels

    Oil supply could fall in line with demand quickly if OPEC and Russia agree to a steep enough cut in production, the International Energy Agency said.

  • After a steadier 24 hours, the pound slid 0.6 percent to $1.2278 in early trade in London, pushing the Bank of England's trade-weighted index to a nearly-eight-year low of 74.0. Some traders cited a Financial Times report that Russian bank VTB may move its European hub to Frankfurt, Paris or Vienna as having added to worries of financial sector cutbacks in London...

  • LONDON, Oct 11- Global oil supply could fall in line with demand more quickly if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this might happen, the International Energy Agency said on Tuesday. OPEC, led by Saudi Arabia, agreed last month to cut production to around 32.5 to 33 million barrels per day and Russia has signalled it...

  • LONDON, Oct 11- Sterling fell back below $1.23 on Tuesday, trading down 0.6 percent on day as it continued to suffer from concerns about the economic fallout of Britain's planned exit from the European Union. Some traders cited a Financial Times report that Russian bank VTB may move its European hub to Frankfurt, Paris or Vienna as having added to worries of...

  • LONDON- Bank of England's Monetary Policy Committee member Michael Saunders speaks in parliament- 0900 GMT. LONDON- Bank of England's financial policy committee member Anil Kashyap speaks in parliament- 1000 GMT. OSLO- Norwegian central bank Governor Oystein Olsen speaks at the Centre for Monetary Economics/ BI Norwegian Business School- 0900 GMT.

  • LONDON- Bank of England's Monetary Policy Committee member Michael Saunders speaks in parliament- 0900 GMT. LONDON- Bank of England's financial policy committee member Anil Kashyap speaks in parliament- 1000 GMT. OSLO- Norwegian central bank Governor Oystein Olsen speaks at the Centre for Monetary Economics/ BI Norwegian Business School- 0900 GMT.

  • *Algeria expects non- OPEC "commitments" in Istanbul talks. NEW YORK, Oct 10- Oil prices jumped as much as 3 percent on Monday, with Brent hitting a one-year high, after Russia said it was ready to join OPEC in curbing crude output and Algeria called for similar commitments from other non- OPEC producers. "Russia is ready to join the joint measures to cap production and is...

  • *Algeria expects non- OPEC "commitments" in Istanbul talks. NEW YORK, Oct 10- Oil prices jumped as much as 3 percent on Monday, with Brent hitting one-year highs, after Russia said it was ready to join OPEC in curbing crude output and Algeria called for similar commitments from other non- OPEC producers. "Russia is ready to join the joint measures to cap production and is...

  • *OPEC plans output cut to rein in global oversupply. Yet OPEC- member Iraq says it will raise output. *Doubts about whether non- OPEC member Russia will join deal.

  • *OPEC plans output cut to rein in global oversupply. Yet OPEC- member Iraq says it will raise output. *Doubts about whether non- OPEC member Russia will join deal.

  • *OPEC plans output cut to rein in global oversupply. Doubts about whether non- OPEC member Russia will join deal. SINGAPORE, Oct 10- Oil prices fell on Monday over doubts that an OPEC- led plan to cut output would rein in a global oversupply that has dogged markets for over two years.

  • *Doubts about whether non- OPEC member Russia will join deal. SINGAPORE, Oct 10- Oil prices fell more than 1 percent in early trading on Monday over doubts that an OPEC- led plan to cut output to rein in a global fuel supply overhang would be supported by other producers, including Russia. ANZ bank said that prices were pulled down by a statement by the Russian energy...