×

Europe Top News and Analysis Austria

  • LONDON, June 2- Brent crude tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. Benchmark Brent crude futures were off by 1.8 percent at $49.73 per barrel at 1415 GMT, down 90 cents from the previous close. "I think we will see a United States that is about to go crazy in terms of producing fossil fuels," said Matt Stanley, a fuel...

  • LONDON, June 2- Brent crude tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. Benchmark Brent crude futures were off by nearly 3 percent at $49.14 per barrel at 1034 GMT, down $1.49 from the previous close. "I think we will see a United States that is about to go crazy in terms of producing fossil fuels," said Matt Stanley, a fuel...

  • LONDON, June 2- Brent oil tumbled below $50 on Friday, heading for a second straight week of losses, on worries that U.S. Benchmark Brent crude futures were trading at $49.67 a barrel at 0849 GMT, down 96 cents from the previous close. West Texas Intermediate crude futures fell 95 cents to $47.41 per barrel.

  • *Rising U.S. output has been blunting OPEC efforts to clear glut. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Commodity markets were absorbing news the United States would withdraw from the landmark 2015 global agreement to fight climate...

  • *Rising U.S. output has been blunting OPEC efforts to clear glut. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. "This outcome could increase the supply-side equation from the United States and complicate OPEC's forward projections.

  • *Rising U.S. output has been blunting OPEC efforts to clear glut. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. "This outcome could increase the supply-side equation from the United States and complicate OPEC's forward projections.

  • Surging U.S. production has put a strain on OPEC members' efforts to curb production cuts in a bid to drain a global crude supply overhang and to prop up prices. A week ago, the Organization of the Petroleum Exporting Countries and some non- OPEC members met in Vienna to roll over the output cut deal to reduce 1.8 million barrels per day until the end of next March.

  • ADDISON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks at a Q&A at the City of Addison Economic Development Luncheon- 1700 GMT. READING, Pennsylvania- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook and the Federal Reserve Bank of Philadelphia's Economic Growth and Mobility Project before...

  • ADDISON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks at a Q&A at the City of Addison Economic Development Luncheon- 1700 GMT. READING, Pennsylvania- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook and the Federal Reserve Bank of Philadelphia's Economic Growth and Mobility Project before...

  • DUBAI/ LONDON, June 1- OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices. OPEC officials nonetheless hope an inventory glut will ease in the next few months as market fundamentals move...

  • MOSCOW, June 1- A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers. The sources did not disclose further details, but any cooperation in Asia between Russia and Saudi Arabia- the world's two biggest oil exporters- would be unprecedented. State oil giant Aramco...

  • MOSCOW, June 1- A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers. The sources did not disclose further details, but any cooperation in Asia between Russia and Saudi Arabia- the world's two biggest oil exporters- would be unprecedented. State oil giant Aramco...

  • LISBON- Member of the Supervisory Board Pentti Hakkarainen participates at the CIRSF annual international conference in Portugal 0945 GMT. WASHINGTON- European Central Bank Executive Board Member Sabine Lautenschlager gives a speech at the 17th annual international conference on Policy Challenges for the Financial Sector organized by the IMF/ World...

  • LISBON- Member of the Supervisory Board Pentti Hakkarainen participates at the CIRSF annual international conference in Portugal 0945 GMT. WASHINGTON- European Central Bank Executive Board Member Sabine Lautenschlager gives a speech at the 17th annual international conference on Policy Challenges for the Financial Sector organised by the IMF/ World...

  • MOSCOW, May 31- OPEC and non- OPEC countries are committed to bringing global oil inventories down to the industry's five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the target being reached in the very near future. Speaking in Moscow after a meeting between OPEC and Russia, Falih and his Russian counterpart Alexander...

  • **STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley gives a speech on the current economic situation- 1200 GMT. FRANKFURT- European Central Bank Executive Board Member Benoit Coeure gives a speech at a conference on "A Glimpse into Europe's Financial Landscape Greece: A Comeback to the Financial Markets?" NEW YORK- Federal Reserve Bank of Dallas...

  • **STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley gives a speech on the current economic situation- 1200 GMT. FRANKFURT- European Central Bank Executive Board Member Benoit Coeure gives a speech at a conference on "A Glimpse into Europe's Financial Landscape Greece: A Comeback to the Financial Markets?" NEW YORK- Federal Reserve Bank of Dallas...

  • LONDON, May 30- Hedge fund managers had already closed out many of their bearish short positions in crude oil before OPEC and non- OPEC ministers met in Vienna on May 25, according to data from regulators and exchanges. Hedge fund managers gradually accumulated short positions between mid-April and mid-May amid growing doubts about whether output cuts by OPEC...

  • **NEW YORK, United States- Federal Reserve Board Governor Lael Brainard speaks on the economy and monetary policy before the New York Association for Business Economics Luncheon Speaker Series 1700 GMT. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT. VIENNA- ECB Governing Council member Erkki Liikanen...

  • **NEW YORK, United States- Federal Reserve Board Governor Lael Brainard speaks on the economy and monetary policy before the New York Association for Business Economics Luncheon Speaker Series 1700 GMT. VIENNA- Austrian National Bank Governor Ewald Nowotnty to speak on a panel about Marshall plan- 1600 GMT. VIENNA- ECB Governing Council member Erkki Liikanen...