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  • *Brent down just a bit after Russia/ Venezuela price defense plan. NEW YORK, Nov 17- Oil pared early losses on Monday after Russia and Venezuela appeared to be coordinating on a price defense plan, but Brent and U.S. crude still ended lower on worries over Japan's recession. But the oil market has another and bigger problem: that the OPEC meeting will come and go without...

  • *Rosneft chief Vienna visit sparks OPEC coordination talk. The surprise announcement from the state-backed firm raised speculation that Sechin, a close ally of President Vladimir Putin, will discuss coordinating with OPEC to try stem the near 30 percent drop in oil prices since June. Previous overtures between the producer group and Russia, the largest oil...

  • MOSCOW, Nov 17- Top Russian oil producer Rosneft said Chief Executive Igor Sechin would fly to Vienna on Nov. 25 for an energy market conference, just two days before OPEC meets in the city to debate the plunge in oil prices. Russia is the biggest oil exporter outside OPEC. Sechin, as Russia's deputy prime minister, attended OPEC meetings in 2008 and 2009 when prices...

  • COLUMN-OPEC's options (none of them good): Kemp Monday, 17 Nov 2014 | 10:38 AM ET

    OPEC must decide whether and how to respond to the 30 percent decline in oil prices since the middle of June, in what may be the organization's toughest test in five years. Slower oil demand growth and rising competition from non- OPEC suppliers, especially U.S. shale producers, pose a common threat to all the organization's members. Saudi Arabia, Kuwait and the...

  • DIARY - Top economic Events to Nov 27 Friday, 14 Nov 2014 | 7:01 PM ET

    BRUSSELS- ECB President Mario Draghi will be at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "Annual Agriculture Conference: Farm Income's Impact on the Midwest" at the...

  • *OPEC meets on Nov. 27, traders sceptical group will act. LONDON, Nov 14- Oil traded above $78 a barrel on Friday having earlier hit a four-year low, pressured by excess supply and scepticism that OPEC producers will agree to cut output when they meet in Vienna in two weeks' time. The International Energy Agency, which usually refrains from predicting oil prices, said in...

  • LONDON, Nov 14- Pfizer appears unlikely to make a fresh bid for AstraZeneca in 12 days time, when an enforced cooling-off period ends, and the U.S. drugmaker is now weighing other less risky targets. People with direct knowledge of the situation said Pfizer has been reviewing different takeover scenarios with a U.S. investment bank ahead of Nov. 26, when it is allowed...

  • LONDON, Nov 14- "As a result of the fall in demand and the rise in non- OPEC supplies, we recognised too late that oil was overpriced, that it had reached an unwarrantably high level, destroying the state of virtual equilibrium between supply and demand," the Saudi oil minister told his audience. Those words could have been spoken by the current oil minister, Ali Al-Naimi,...

  • *IEA sees pressure increasing on OPEC to cut output. *IEA cuts estimate of demand for OPEC oil in 2015. "Pressure on OPEC to reduce production is building, but at the time of writing there appeared to be no clear consensus on a formal supply cut ahead of its meeting in Vienna later this month," said the IEA, which represent industrialised nations.

  • *IEA sees pressure increasing on OPEC to cut output. *IEA cuts estimate of demand for OPEC oil in 2015. "Pressure on OPEC to reduce production is building, but at the time of writing there appeared to be no clear consensus on a formal supply cut ahead of its meeting in Vienna later this month," said the IEA, which represent industrialised nations.

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE, Nov 14- Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the Nov. 27 OPEC meeting," said Mark...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude held near a four-year low below $78 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the Nov. 27 OPEC meeting," said Mark Keenan,...

  • *Volatility to continue ahead of Nov. 27 OPEC meeting- analyst. SINGAPORE Nov 14- Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks. "We've got a period of very heightened volatility in the lead-up to the...

  • Saudi Arabia's oil minister also appeared to rule out a cut in production by the key OPEC member when the Organization of the Petroleum Exporting Countries meets in Vienna on Nov. 27 fuelling fears of oversupply. *U.S. crude for December delivery rose to 23 cents to $74.43 a barrel by 0116 GMT on Friday after dropping $2.97 in the previous session, the lowest since...

  • *Brent hits Sept 2010 low below $78, US crude below $75. The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27. Brent settled down $2.46, or 3.1 percent, at $77.92 a barrel, after plumbing a...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude fell to a four-year low below $79 a barrel on Thursday after Chinese data showed further economic slowdown, Saudi Arabia kept silent about a possible cut in production and crude stocks built up at a key U.S. delivery point. Brent crude for December was down by $1.40 at $78.98 a barrel by 1615...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world's biggest energy consumer and Saudi Arabia remained silent about a possible cut in production. Brent crude for December, which expires on Thursday, fell $1.03 a...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world's biggest energy consumer and Saudi Arabia remained silent about a possible cut in production. Brent crude for December, which expires on Thursday, fell 83...

  • California cat cafe is catnip for feline fans Thursday, 13 Nov 2014 | 12:19 AM ET

    OAKLAND, Calif.— Cat lovers in Northern California are pouncing at the chance of spending time with feline company at a new cat cafe in Oakland. It was inspired by the cat cafe craze in Japan, where many people live in cramped high-rise apartments that don't allow pets. So as much as this is a super fun experience, it's really a mission-driven project to get the cats out...

  • DIARY - Top economic Events to Nov 26 Wednesday, 12 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the European Central Bank, Federal Reserve Board, and Federal Reserve Bank of New York Conference: Global Research Forum on International Macroeconomics and Finance- 1745 GMT. STANFORD- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on the oil boom in...