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  • *OPEC raised expectations too high. While OPEC has worked hard in recent years on improving communication to ensure the right message is delivered to financial markets, Thursday's experience showed the 14- member group and its non- OPEC allies still have a long way to go. OPEC agreed on Thursday to extend its existing production cuts by nine months- more than the...

  • *OPEC wants to see Texan fields, U.S. bankers visit Vienna. *OPEC needs higher prices, but wary of new U.S. oil boom. OPEC and non- OPEC countries led by Russia agreed on Thursday to extend oil output curbs by nine months to March 2018, keeping roughly 2 percent of global production off the market in an attempt to boost prices.

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices slipped further on Friday following an OPEC- led decision to extend current production curbs that investors gauged did not go far enough to reduce a global supply glut. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • *European stocks open down, track Asia. LONDON, May 26- Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. Britain's pound tumbled 0.8 percent to a three-week low of $1.2834 and hit...

  • May 26- French oil major Total still plans to conclude the Iran South Pars gas deal before summer, its chief executive Patrick Pouyanne told journalists on the sidelines of the company's annual general meeting. Pouyanne said the signing of U.S. sanctions waivers, among other hurdles, cleared the path for the deal to be signed. Pouyanne also added he had met Iranian...

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC- led decision to extend current production curbs did not go deeper. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices edged higher on Friday as some investors were tempted back to a market that tumbled five percent in the previous session on disappointment that an OPEC- led decision to extend current production curbs did not go deeper. At Thursday's meeting in Vienna, the Organization of the...

  • *OPEC, allies extend production cuts through March 2018. SINGAPORE, May 26- The OPEC- led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude. "This is a declaration of a strong will of...

  • *Crude recovers after OPEC disappointment. LONDON, May 26- Battered oil prices recovered some ground on Friday as investors looked past disappointment that an OPEC meeting did not produce bigger supply cuts, while sterling slid on a poll showing the ruling Conservatives' lead shrinking, two weeks before an election. European stock markets opened down as...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil prices edged up on Friday but markets remained on the back foot after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger curbs. At Thursday's meeting in Vienna, the Organization of the...

  • *Crude futures tumble after OPEC fails to deepen cuts. SINGAPORE, May 26- Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts. European stock markets look set for a muted...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks. The Organization of Petroleum Exporting Countries and some non-...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. The Organization of Petroleum Exporting Countries and some non- OPEC producers agreed at a meeting in Vienna on Thursday to extend...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • NEW YORK, May 25- Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and some...

  • VIENNA, May 25- Iran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the re-election this month of reformist Hassan Rouhani to the presidency should boost investments. The development of new fields as well as improved oil recovery from mature reservoirs should allow Iran, OPEC's No.3 oil producer, to have the capacity to...