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  • DUBAI/ KUWAIT, Oct 12- OPEC is unlikely to cut oil production in an effort to prop up prices because such a move would not necessarily be effective, Kuwait's oil minister Ali al-Omair was quoted as saying by state news agency KUNA on Sunday. "I don't think today there is a chance that countries would reduce their production, especially since the target that OPEC has...

  • *OPEC leaves 2014, 2015 demand forecasts steady. *OPEC delegate says Saudi Arabia should cut its output. LONDON, Oct 10- Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output.

  • Iran and the six- the United States, France, Germany, China, Russia and Britain- hope that resolving the more-than-decade-long nuclear standoff with Iran will reduce regional tensions and alleviate the risk of another war in the Middle East. Top diplomats of the United States, Iran and the European Union will meet in Vienna next week to work on a comprehensive deal...

  • MOSCOW, Oct 10- South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. The tankers will be bought by Gazprom Neft's Austria- based subsidiary Gazprom Neft Trading, one of the sources told Reuters.

  • Brent for November delivery was down 41 cents at $90.97 by 1200 GMT, having fallen to $90.83 earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at $91.38- still down 73 cents. November crude lost 12 cents to $87.19 after closing $1.54 down in the previous session, during which it hit its lowest...

  • LONDON, Oct 9- Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns about global growth have pushed it 20 percent down from its peak in June. Brent for November delivery was down 34 cents at $91.04 by 1005 GMT, having fallen to $90.98 minutes earlier. The front-month contract fell as low as $90.57 on Wednesday, the...

  • LONDON, Oct 9- Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supply and concerns about global growth kept it not far above a 27 month low hit in the previous day. Brent for November delivery was up 26 cents at $91.64 by 0819 GMT. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June...

  • SINGAPORE, Oct 9- Brent crude futures rose towards $92 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark Keenan,...

  • SINGAPORE, Oct 9- Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark...

  • SINGAPORE Oct 9- Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark...

  • SINGAPORE Oct 9- U.S. crude futures climbed towards $88 a barrel on Thursday, rebounding after falling to their lowest level in 18 months on a weaker dollar and a draw on inventories at the Cushing delivery hub. *U.S. crude inventories surged by 5 million barrels in the week to Oct. 3, far higher than the 1.5 million barrel build forecast by analysts, data from the U.S....

  • NEW YORK, Oct 8- Brent crude hit a 27- month low on Wednesday before recovering partially to close above $91 a barrel, with analysts saying the market could be headed for a rebound despite growing stockpiles and a gloomy world economic outlook. U.S. crude stocks climbed by 5 million barrels to 361.65 million in the week to Oct. 3, data from the Energy Information...

  • NEW YORK, Oct 8- Brent crude hit a 27- month low on Wednesday before recovering to above $91 a barrel, attempting to rebound from a week of near non-stop selling despite data showing a hefty build in U.S. oil stockpiles. U.S. crude stocks climbed by 5 million barrels to 361.65 million in the week to Oct. 3, Energy Information Administration data showed.

  • DUBAI/ BRUSSELS, Oct 8- The top diplomats of the United States, Iran and the European Union will meet in Vienna next week, accelerating efforts to clinch a long-elusive deal to end a dispute over Tehran's nuclear program by a Nov. 24 deadline. Iran and the world powers- the United States, France, Germany, China, Russia and Britain- have held a series of meetings since early...

  • LONDON, Oct 8- Brent crude oil fell to a fresh 27- month low under $91 a barrel on Wednesday as gloomy economic growth forecasts prompted concerns about global oil demand and U.S. inventory data confirmed abundant supply. Brent for November was down $1.30 at $90.81 by 1442 GMT, after hitting $90.57 earlier in the session, its lowest price since June 2012.

  • Iran aims for tempting new oil contracts soon Wednesday, 8 Oct 2014 | 5:57 AM ET

    Iran wants Western oil companies to revive its giant, ageing oilfields and develop new oil and gas projects and has been preparing a new investment model for oil contracts as part of its drive to win back Western business. The OPEC producer is in talks with six Western powers to reach a deal to limit Tehran's nuclear programme- which could end sanctions on oil...

  • DUBAI, Oct 8- Iran and major powers are set to hold multilateral and bilateral nuclear talks in the coming days in Vienna, Iran's foreign ministry said on Wednesday. The discussions, between Iran and the five permanent members of the U.N. Security Council plus Germany, are aimed at settling a more than decade long dispute over Tehran's nuclear work.

  • LONDON, Oct 8- Brent crude oil dipped below $91 a barrel on Wednesday to its lowest since June 2012 as lower economic growth forecasts raised new concerns about global oil demand at a time of abundant supply. The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone...

  • IRAN AND MAJOR POWERS TO HOLD NUCLEAR TALKS "BEFORE THE END OF NEXT WEEK IN VIENNA"- IRAN FOREIGN MINISTRY.

  • NEW YORK, Oct 7- World oil prices resumed a months-long rout on Tuesday to close at their lowest in more than two years, pressured by reduced economic and demand growth forecasts. The International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and Brazil.