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  • Buckwheat problem gives Putin food for thought Tuesday, 25 Nov 2014 | 4:33 PM ET

    MOSCOW, Nov 25- As if Russian President Vladimir Putin did not have enough to worry about with Western sanctions, falling oil prices and a collapsing currency, there is also now the price of buckwheat. Rumors that snow has ruined the harvest in the Altai region that grows the fruit seed have caused panic-buying in some areas and pushed up the price of one of Russia's...

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • VIENNA, Nov 25- Venezuela will discuss oil-market "coordination" with OPEC heavyweight Saudi Arabia and major oil producers from outside the group, Foreign Minister Rafael Ramirez said on Tuesday, as the Latin American country tries to rally support for action to boost prices. Riyadh has kept the market guessing about its response to crude's near 30 percent...

  • France suspends delivery of warship to Russia Tuesday, 25 Nov 2014 | 6:53 AM ET

    PARIS— France suspended the delivery of a warship to Russia on Tuesday, after months of speculation about what would be the biggest arms sale ever by a NATO country to the Kremlin. Russia annexed Crimea from Ukraine in March. Russia's ambassador to France told The Associated Press on Tuesday that there's a grace period in the contract and Russia isn't demanding...

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • MOSCOW, Nov 25- Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands. His spokesman later said Putin was referring to the fact that the banks' branches had closed in Crimea since...

  • MOSCOW, Nov 25- Rating agency Standard& Poor's is unlikely to change Russia's rating even if the country falls into recession, the agency's senior director for sovereign ratings, Christian Esters, said on Tuesday. "External and fiscal buffers are strong enough to support the rating even if the economy goes into recession," he said at a conference in Moscow.

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices stumbled as traders lowered their expectation of a significant output cut at this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent after rallying in the...

  • *Russia, some OPEC members want 1 million bpd output cut. *OPEC meets in Vienna on Thursday to discuss production. SINGAPORE, Nov 25- Brent crude oil prices started Tuesday's Asian trading under $80 a barrel as traders lowered their expectation of a significant output cut by oil producers' club OPEC.

  • TOKYO, Nov 25- U.S. crude oil futures were steady below $76 a barrel in early trade on Tuesday as investors waited for a meeting of OPEC ministers that may produce output cuts to support slumping prices. *Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna on Nov.27.

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices slumped ahead of this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent after rallying in the previous session following China's surprise interest rate cut.

  • *Market volatile as all await OPEC decision on cuts. NEW YORK, Nov 24- Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia's offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week. Russia, which needs higher oil prices to support its economy, tried...

  • CNBC's Michelle Caruso-Cabrera reports how much money Russia loses when oil prices fall, and the cost of sanctions imposed by the U.S. and the EU.

  • *Russia adds to speculation on OPEC, offering its own output cuts. NEW YORK, Nov 24- Crude prices pared Monday's early losses as traders and investors speculated OPEC producers might surprise with an cut output above what market players expect when the producer group meets this week. Russia, which needs higher oil prices to support its economy, tried on Monday to...

  • Separately, Poroshenko also announced that Lithuania would provide Ukraine with some military aid to help Kiev in its fight against pro-Russian separatists in the east of the country. It was not clear, however, if Lithuania was following fellow NATO member the United States in providing non-lethal military equipment or whether it was supplying weaponry-...

  • *Russia helps markets by not raising oil output- Energy Minister Moscow may make oil output cuts of 15 mln t in 2015- paper. MOSCOW, Nov 24- Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same. With oil prices threatening to go as low as $60 if OPEC...

  • BEREZNIKI, Russia, Nov 24- Russia's Uralkali, the world's biggest potash producer, is preparing to start repair work at part of the damaged Solikamsk-2 mine, though it is unclear when output of the fertiliser will restart. An inflow of water and the resulting sinkhole in 2006 forced another Uralkali operation to shut permanently. "The possibility of starting work...