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  • *Meeting continuing, non- OPEC producers to join after 1320 GMT. *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. VIENNA, May 25- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

  • *Delegate says OPEC decides to extend output cuts for 9 months. *Rising U.S. output threatens to undermine OPEC- led cuts. LONDON, May 25- Oil prices fell on Thursday as OPEC ministers met to decide how long to extend oil production cuts in an attempt to drain a global glut that has depressed markets for almost three years.

  • *Meeting continuing, non- OPEC producers to join after 1320 GMT. *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. VIENNA, May 25- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai on Thursday ruled out the chance of an imminent hike in the BOJ's bond yield target, stressing the need to maintain its massive stimulus...

  • *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. VIENNA, May 25- OPEC and non-member oil producers began talks in Vienna on Thursday to extend output cuts, most likely by nine months, in an effort to clear a global stocks overhang and prop up crude prices. Most OPEC ministers, delegates and the market see a nine-month extension- instead of the initially suggested...

  • *Wall Street seen opening higher, VIX lowest since May 10. *Oil up as OPEC and other producers meeting in Vienna Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh. The pan-European STOXX 600 index was last down 0.3 percent, led lower by resources companies after a 4 percent drop in iron ore on China's Dalian Commodity Exchange.

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. LONDON, May 25- Oil prices steadied on Thursday ahead of an OPEC meeting expected to extend production cuts into 2018 in an attempt to drain a global glut that has depressed markets for almost three years.

  • VIENNA, May 25- The most important issue for OPEC is to stabilise the oil market and prompt a draw on global inventories, Venezuela's oil minister Nelson Martinez said on Thursday. The Organization of the Petroleum Exporting Countries is meeting in Vienna to discuss whether to extend an accord reached in December in which it and 11 non-members agreed to cut oil...

  • VIENNA, May 25- The most important issue for OPEC is to stabilize the oil market and prompt a draw on global inventories, Venezuela's oil minister Nelson Martinez said on Thursday. The Organization of the Petroleum Exporting Countries is meeting in Vienna to discuss whether to extend an accord reached in December in which it and 11 non-members agreed to cut oil...

  • Thursday's decision by the OPEC cartel— now at 14 members with the entry of Equatorial Guinea— and 10 other countries led by Russia, means that the reductions of 1.8 million barrels a day agreed on in November will stay in place until March. The OPEC alliance faces competition from U.S. shale producers. Investors seemed to focus on that reality on Thursday, when they...

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC to meet after 0820 GMT, non- OPEC to join after 1320 GMT. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • LONDON, May 25- Borrowing costs across the euro area fell on Thursday on further signs that major central banks are wary of stepping back from ultra-loose monetary policies too quickly. Bank of Japan board member Makoto Sakurai meanwhile on Thursday ruled out the chance of an imminent hike in the central bank's bond yield target, stressing the need to maintain...

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. LONDON, May 25- Oil prices rose on Thursday ahead of an OPEC meeting expected to extend production cuts into 2018 in an attempt to drain a global glut that has depressed markets for almost three years.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *Deeper OPEC, non- OPEC cuts seen unlikely. *OPEC, non- OPEC to send message their cooperation will last. OPEC's de facto leader, Saudi Arabia, and top non- OPEC producer Russia have said cuts need to be extended to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.

  • *South Korea shares hit record high, Taiwan at 17- yr high. European shares are also expected to gain, with spread-betters looking to higher openings of 0.3 percent in Germany's DAX and France's CAC and 0.2 percent in Britain's FTSE. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 1.0 percent, hitting its highest level since May 2015, and...

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.