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  • PARIS, Feb 19- French drugmaker Sanofi on Thursday named Olivier Brandicourt, a Paris- educated doctor and head of Bayer AG's healthcare arm, as its chief executive officer. Brandicourt had been widely tipped to become Sanofi's new boss, a position that opened when Chris Viehbacher was suddenly sacked last year. "Olivier Brandicourt's strong experience...

  • LONDON, Feb 13- Oil rose above $60 a barrel on Friday for the first time this year, bringing gains this week to 4 percent, supported by signs that deeper industry spending cuts may curb excess supply. The price of Brent crude collapsed from $115 in June to $45.19, the lowest in almost six years, in January due to oversupply. Brent for April delivery was up $1.12 at $60.40...

  • LONDON, Feb 13- Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply. The price of Brent crude collapsed from $115 in June to $45.19, the lowest in almost six years, in January due to oversupply. Brent for April delivery was up 76...

  • VIENNA, Feb 9- The United States has derailed a proposal to toughen nuclear safety standards by amending a global atomic treaty, diplomats said, with opponents of the move arguing it would get mired in lengthy parliamentary ratification. Months of wrangling about the future of the 77- nation Convention on Nuclear Safety culminated at a Vienna meeting...

  • VIENNA, Feb 9- The United States has derailed a proposal to toughen nuclear safety standards by amending a global atomic treaty, diplomats said, with opponents of the move arguing it would get mired in lengthy parliamentary ratification. Months of wrangling about the future of the 77- nation Convention on Nuclear Safety culminated at a Vienna meeting...

  • ATHENS/ ISTANBUL, Feb 9- Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme. Escalating the rhetoric, Greece's finance minister said the euro zone could collapse "...

  • VIENNA/ ATHENS, Feb 9- Greece's government is confident of striking a compromise with its European partners in the coming days, Prime Minister Alexis Tsipras said on Monday, in a bid to quell growing concern over the country's future in the euro zone. Speaking in Vienna after talks with Austrian Chancellor Werner Faymann, Tsipras renewed his appeal for a "bridge"...

  • *OPEC slashes forecast for non- OPEC supply growth by third. Forecast demand for OPEC oil revised sharply higher. LONDON, Feb 9- OPEC forecast on Monday that demand for its oil this year would be much higher than previously thought, as its strategy of letting prices fall to hurt other producers begins to take effect.

  • VIENNA, Feb 9- Europe must find a way to keep Greece in the euro zone while holding Athens to its commitments under an international bailout, Austrian Chancellor Werner Faymann said on Monday after meeting Greek Prime Minister Alexis Tsipras. "The question is finding a solution between the content of the framework agreed in the past and the efforts of the new...

  • LONDON, Feb 5- Big oil companies had a poor record of finding and producing oil and gas last year, according to figures out in the past week- and big cuts in spending in response to falling crude prices could undermine their plans to turn that around. Four of the world's six biggest oil firms by market value- Royal Dutch Shell, Chevron, BP and ConocoPhillips- released...

  • *Iran circulates draft contracts to foreign firms- sources. ANKARA/ LONDON, Feb 2- Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery. Such deals would involve helping Iran revive...

  • NEW DELHI/ WASHINGTON, Feb 3- A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalized this year, Indian officials say. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China.

  • OPEC delegates cautious over oil-price rebound Monday, 2 Feb 2015 | 11:02 AM ET

    OPEC officials meeting on long-term strategy. Feb 2- Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia's strategy of curbing the output growth of rival producers might have started achieving tangible results, OPEC delegates told Reuters. Delegates from the Organization of the Petroleum Exporting Countries and...

  • VIENNA, Jan 30- The United States looks set to succeed in watering down a proposal for tougher legal standards aimed at boosting global nuclear safety, according to senior diplomats. Diplomatic wrangling will come to a head at a 77- nation meeting in Vienna next month that threatens to expose divisions over required safety standards and the cost of meeting them,...

  • *Gazprom third quarter profit down 60 pct. *Gazprom hit by weaker rouble, provisions for Ukraine's gas debt. MOSCOW, Jan 29- Russian state gas producer Gazprom suffered a 60 percent slump in third quarter net profit on Thursday, hurt by the weaker rouble and after exports were halted to Ukraine over a pricing dispute.

  • MOSCOW, Jan 29- Russia's Gazprom posted a 35 percent drop in nine-month net profit to 556.3 billion roubles year-on-year, after the world's top gas producer was hit by a dispute with Ukraine and currency losses. After putting aside 83.9 billion roubles in provisions for Ukraine's gas debt which prompted Moscow to cut off supplies in June, Gazprom said the future...

  • UPDATE 1-OMV, Gazprom amend gas supply deal terms Wednesday, 28 Jan 2015 | 8:15 AM ET

    VIENNA, Jan 28- Austrian energy group OMV and Russian natural gas exporter Gazprom have agreed to amend a long-term contract for gas supplies, OMV said on Wednesday without disclosing details. Alexander Medvedev, deputy head of Gazprom's management committee, and OMV Chief Executive Gerhard Roiss signed the amendment at a meeting in Vienna, OMV said in a...

  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • NEW DELHI, Jan 22- India and the United States were trying to narrow differences on nuclear trade on Thursday ahead of President Barack Obama's visit, but New Delhi ruled out a change in its liability law that has choked off U.S. investment. Nuclear commerce worth billions of dollars was meant to be the centrepiece of a new strategic relationship between the...