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  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • *Lukoil may pay over 50 pct of 2015 profit as dividends. *Lukoil may cancel treasury shares. MOSCOW, Nov 27- Russia's No.2 oil producer, Lukoil, announced on Thursday that profits had more than halved in the third quarter due to low oil prices and a weak rouble, but said it may increase its dividend payout next year if crude prices slide further.

  • *Oil price slump squeezes Nigeria, Angola. The highest profile victim so far has been Africa's top producer, Nigeria, which was forced to devalue its naira currency by 8 percent this week after the central bank admitted dwindling reserves were making it hard to defend it. In dollar terms, the devaluation knocked $40 billion off the value of Nigeria's economy-...

  • UPDATE 4-Gulf states seek to block OPEC oil output cut Thursday, 27 Nov 2014 | 9:06 AM ET

    *Venezuela, Algeria see need for OPEC to reduce output. *Saudis want lower prices to slow U.S. boom- OPEC watchers. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • MOSCOW, Nov 27- The rouble strengthened on Thursday as OPEC met to discuss whether it would cut output to boost flagging oil prices. The rouble shrugged off declines in Brent crude, which touched a four-year low around $76 a barrel on expectations the Organization of Petroleum Exporting Countries would not agree to cut production when it met in Vienna on...

  • European shares rise, boosted by Germany's DAX Thursday, 27 Nov 2014 | 7:34 AM ET

    *Energy shares under pressure ahead of OPEC meeting. LONDON, Nov 27- European shares rose on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. At the same time Spanish and Italian stocks rose as expectations mounted that the European Central Bank would buy bonds.

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • *Oil drops to 50- month lows as OPEC meeting starts. *OPEC expected to leave output unchanged. LONDON, Nov 27- Brent crude oil fell $2 to a 50- month low under $76 a barrel on Thursday as oil producers in OPEC looked set to keep output unchanged despite a huge oversupply in world markets.

  • Venezuela says shale oil is a disaster Thursday, 27 Nov 2014 | 4:34 AM ET

    VIENNA, Nov 27- Shale oil is a disaster for climate change, Venezuelan Foreign Minister Rafael Ramirez said on Thursday as OPEC prepares to decide on oil output policy. "The U.S. is producing in a very, very bad manner. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna, with Venezuela trying to rally support for...

  • *Energy shares under pressure ahead of OPEC meeting. PARIS, Nov 27- European shares inched up in early trade on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. "The results are better-than-expected, thanks to sales from its liquor and spirits division, as well as better...

  • Qatar oil minister says sees OPEC harmony, no crisis Thursday, 27 Nov 2014 | 4:14 AM ET

    VIENNA, Nov 27- Qatar Oil Minister Mohammed al-Sada said on Thursday that he sees harmony among OPEC members and does not see a crisis.

  • MOSCOW, Nov 27- The Russian rouble fell against the dollar and euro, and stock indexes were lower early on Thursday, following oil prices which have weakened before a key OPEC meeting in Vienna. Global oil benchmark Brent was down 1.5 percent at around $76.6 a barrel, as expectations mount that OPEC will not agree to cut production to shore up sliding oil prices at...

  • Russian rouble falls on opening Thursday, 27 Nov 2014 | 2:09 AM ET

    MOSCOW, Nov 27- The Russian rouble fell against the dollar and euro early on Thursday, following oil prices which have weakened before a key OPEC meeting in Vienna.

  • NYMEX-Oil falls for 4th day on fading hopes for OPEC cuts Wednesday, 26 Nov 2014 | 7:36 PM ET

    TOKYO, Nov 27- U.S. crude futures extended declines for a fourth session on Thursday to stay near a four-year low below $76 a barrel as OPEC increased signals that it would hold off making any major production cuts this week. *OPEC Gulf oil producers will not propose an output cut at its meeting on Thursday, reducing the likelihood of joint action by OPEC to prop up...

  • *Iran says some OPEC members want to battle for market share. VIENNA, Nov 26- OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June and raising the prospect of a global oil price war. "We are very confident that OPEC will have a unified position."

  • *OPEC very capable of taking unified position- Saudi Oil Minister. New York, Nov 26- Oil prices fell on Wednesday after OPEC increased signals that it would hold off making any major production cuts this week. OPEC Gulf oil producers have reached a consensus not to cut oil output when OPEC meets Thursday, a Gulf OPEC delegate told Reuters.

  • STRASBOURG, France, Nov 26- The European Commission presented a 300 billion euro plan on Wednesday to boost Europe's stagnant economy, but some doubted private investors would stump up the funds, 15 times the EU contribution, needed to make it work. France and Italy, which have been demanding action to boost economic growth, cautiously welcomed the scheme but some...

  • VIENNA, Nov 26- Gulf oil producers have reached. "The GCC reached a consensus," Naimi told reporters, referring to the Gulf Cooperation Council. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna.

  • *OPEC should "monitor the market carefully"- Iran. New York, Nov 26- Oil prices were little changed on Wednesday after earlier tumbling to near four-year lows as traders grew increasingly convinced that OPEC would hold off making any major production cuts this week. Saudi Oil Minister Ali al-Naimi said he believed the oil market "will stabilize itself eventually,"...

  • CARACAS, Nov 26- Venezuela's PDVSA is prepared for tough times ahead in the international oil market, the new head of the state oil company said a day before OPEC meet to discuss their response to price falls. "He visited nearly half the world in a week and he got ahead of OPEC by proposing yesterday's meeting... putting forth the rational point of view Venezuela and...