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  • LONDON, June 2- World stocks hovered just off one-week lows on Thursday, dragged down by an earlier 2 percent slump in Japan and lacklustre European markets, while concerns over Britain's future in the EU continued to weigh on sterling. While European bourses inched into positive territory, gains were capped by investors' reluctance to take big positions before...

  • LONDON, June 2- Oil prices headed for their third week of gains on Thursday, holding steady ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh...

  • LONDON, June 2- Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh...

  • Russia, the world's top oil producer, had been steadily increasing oil output despite a fall in global oil prices as a weaker rouble helped to offset oil companies' losses. OPEC, in which Russia is not a member, meets on Thursday in Vienna after major crude producers in April failed to seal a deal to freeze output to help the market stabilize. Preliminary data from the...

  • VIENNA, June 2- Algerian Energy Minister Salah Khebri hopes OPEC will return to an oil output ceiling with production quotas for individual member countries, he told reporters on Thursday.

  • VIENNA, June 2- Angolan Oil Minister Jose Botelho de Vasconcelos said on Thursday he believed there was a possibility that he and his OPEC counterparts could reach a decision on a possible ceiling on the group's crude output. Botelho de Vasconcelos told reporters that an oil price of $60 was not bad, but " $80 would be better." Several OPEC sources said on Wednesday...

  • VIENNA, June 2- Venezuela's oil minister Eulogio del Pino proposed an "oil supply range" for individual OPEC countries, he told reporters ahead of the group's meeting in Vienna on Thursday. Del Pino added that such a range could substitute for talks on an output ceiling. Venezuela's crude production stood at around 2.8 million barrels per day last month, he added.

  • VIENNA, June 2- Qatar's Energy Minister Mohammed al-Sada said on Thursday that the oil market was positive at the moment and heading towards balance, adding that all options, including that of a new OPEC crude output ceiling, were open. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna. Al-Sada added that the...

  • *Key ECB and OPEC meetings due later in the day. LONDON, June 2- Global stock markets made little headway on Thursday as Japan's Nikkei fell sharply following a jump in the yen while European markets were flat in the run-up to a key European Central Bank meeting. Along with the ECB, an OPEC meeting in Vienna was also at the forefront of investors' minds, with oil prices...

  • VIENNA, June 2- Libya's Deputy Prime Minister Musa Al-Koni said on Thursday he thought there would by no agreement for an OPEC oil output ceiling. Oil ministers from the Organization of the Petroleum Exporting Countries are meeting on Thursday in Vienna. He also said the country had only one National Oil Company, led by Mustafa Sanalla.

  • VIENNA/ FRANKFURT, June 2- Keeping interest rates firmly on hold, the European Central Bank will likely raise growth and inflation forecasts on Thursday, a rare positive step even as it emphasizes persistent negative risks and a readiness to provide more stimulus. With oil prices almost doubling since early January, the ECB will nudge up its inflation...

  • *Oil slips as investors await OPEC meeting. HONG KONG, June 2- Asian stocks eased on Thursday after surveys showed global manufacturing activity and demand remain weak, while a jump in the yen sent Japan's Nikkei reeling more than 2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan struggled to keep its head above water after rising more than 3...

  • LONDON, June 2- Almost two decades ago, property investor Richard Tice was among a group of financiers engaged in a campaign to stop Britain from joining the euro single currency. Now he is fighting another battle- to bring Britain out of the European Union. He is also at odds with Prime Minister David Cameron, the finance minister George Osborne and Bank of England...

  • *Oil slips as investors await OPEC meeting. HONG KONG, June 2- Asian stocks eased on Thursday after surveys showed global manufacturing activity and demand remain weak, while a jump in the yen sent Japan's Nikkei reeling more than 2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan struggled to keep its head above water after rising more than 3...

  • SINGAPORE, June 2- Oil prices were steady on Thursday on mixed market signals ahead of an OPEC meeting in Vienna, which analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in the Austrian capital,...

  • SINGAPORE, June 2- Oil prices fell early on Thursday as a row between Saudi Arabia and Iran made it unlikely that the OPEC would agree any output constraints during a meeting in Vienna, just as demand worries from China resurfaced. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets...

  • *Oil slips as investors await OPEC meeting developments. TOKYO, June 2- Asian shares were steady on Thursday as Wall Street eked out modest gains after the latest batch of U.S. data provided few clues on when the Federal Reserve might raise rates, while a resurgent yen pressured equity markets in Japan. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *Oil recovers from lows on hopes for OPEC meeting output cut. Oil prices ended lower but recovered from the day's worst levels after OPEC sources said the group will likely consider a production curb at its meeting on Thursday in Vienna. Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely...

  • *Oil recovers from lows on hopes for OPEC meeting output cut. Oil prices ended lower but recovered from the day's worst levels after OPEC sources said the group will likely consider a production curb at its meeting on Thursday in Vienna. Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely...

  • *Oil recovers from lows on hopes for OPEC meeting output cut. Oil prices ended lower but recovered from the day's worst levels after OPEC sources said the group will likely consider a production curb at its meeting on Thursday in Vienna. Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely...