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  • LONDON, Nov 28- The oil price collapse pushed Russia's rouble to new record lows near the 50 per dollar mark on Friday, while currencies in energy producers from Nigeria to Malaysia hit multi-year or all-time lows. Brent crude has fallen below $72 a barrel after the OPEC club on Thursday decided against production cuts, broadening the divide between...

  • UPDATE 1-Russian assets sink from oil price collapse Friday, 28 Nov 2014 | 2:56 AM ET

    MOSCOW, Nov 28- Russian assets sank early on Friday, with the rouble and shares hitting new lows, as oil prices collapsed after OPEC decided to leave its output targets unchanged despite a heavily oversupplied market. Brent crude was last trading at around $71.70 a barrel after falling as much as $6.50 a barrel a day earlier, when the OPEC oil producer group made...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. This outcome set the stage for a battle for market share between OPEC and non- OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. The outcome effectively means a battle for market share between OPEC and non- OPEC countries as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down about a third since June.

  • 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...

  • LONDON/ SYDNEY/ CAIRO Nov 27- Automobiles are supposed to get you from Point A to Point B. They can also get you into trouble, even if you aren't driving or riding in one, because they possess potent social symbolism. During a by-election in Rochester that was won by the anti-immigration United Kingdom Independence Party, she tweeted a picture of a white cargo van in...

  • Italian electricity manager dies in Romania Thursday, 27 Nov 2014 | 7:57 AM ET

    BUCHAREST, Romania— The general manager of an Italian-owned electricity company in Romania has died after falling from the company building in Bucharest. Enel confirmed that Matteo Cassani, the Italian general manager of Enel Energy and Enel Energy Muntenia, died Thursday. Enel said this year it would sell its assets in Romania and Slovakia.

  • ASTANA, Nov 27- The European Union expects stable gas supplies this winter under a deal by Russia and Ukraine, a senior EU energy official said, even while Moscow has yet to resume shipments and Kiev has yet to pay in advance as agreed. Ukraine and Russia signed an agreement, brokered by the European Commission, at the end of October to cover gas supplies over the...

  • DIARY - Top Economic Events to Dec 9 Wednesday, 26 Nov 2014 | 7:01 PM ET

    MELBOURNE- Australian Treasury Secretary Martin Parkinson speaks in Melbourne, Australia- 0130 GMT. FRANKFURT- ECB board member Vitor Constancio participates in a press roundtable on the occasion of the " November 2014 Financial Stability Review" presentation organized by the European Central Bank in Frankfurt, Germany. LIMASSOL, Cyprus- 5th Limassol...

  • *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."

  • LONDON, Nov 26- The risk Britain will quit the European Union appears to be rising, which would be negative for the economy and might force Standard& Poor's to "reassess" its top-grade credit rating, the ratings agency said on Wednesday. Riding a wave of Euroscepticism in Britain, the anti- EU UK Independence Party has recently won two parliamentary seats, while the...

  • UPDATE 3-Saudi, UAE signal no push for OPEC oil cut Wednesday, 26 Nov 2014 | 8:53 AM ET

    *Iran says some OPEC members want to battle for market share. *UAE, Iran say non- OPEC should participate in any cut. Saudi Oil Minister Ali al-Naimi said he expected the oil market "to stabilise itself eventually" after talks with non- OPEC member Russia on Tuesday yielded no pledge from Moscow to tackle a global oil glut jointly.

  • Lack of coal may bring Ukraine to its knees this winter Wednesday, 26 Nov 2014 | 8:48 AM ET

    LONDON/ BRUSSELS, Nov 26- A shortage of coal, rather than gas, is likely to plunge Ukraine into freezing darkness this winter as conflict in its east seals off supplies that used to make it self sufficient. "We have no energy reserves now, everything works on maximum and every technical problem can lead to sharp power cuts," said Andrey Favorov, managing director of...

  • MOSCOW/ KIEV, Nov 26- In Russia, powerful friends helped him make a fortune. Russian government records reviewed for this article reveal for the first time the terms of recent deals between Firtash and Russia's Gazprom, a giant gas company majority owned by the state. According to Russian customs documents detailing the trades, Gazprom sold more than 20 billion...

  • Hungary looks to develop gas production Wednesday, 26 Nov 2014 | 7:41 AM ET

    WARSAW, Poland— Hungary is looking to start extracting unconventional forms of natural gas in a bid to help Europe's become less dependent on Russian energy imports, government officials said Wednesday. Hungary's unconventional gas deposits are estimated at some 1,500 billion cubic meters— enough to supply all of Europe for three years— but they are deep and...

  • UPDATE 1-Russia says will keep oil output steady in 2015 Wednesday, 26 Nov 2014 | 6:48 AM ET

    Russia, which is not an OPEC member, has watched nervously as oil prices have fallen 30 percent since June and analysts say Moscow had hoped to convince other members and non-members to support a production cut at an OPEC meeting on Thursday. After talks between Saudi Arabia, fellow OPEC member Venezuela and oil power Mexico ended without an agreement on Tuesday,...

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • VIENNA, Nov 26- OPEC leader Saudi Arabia signaled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut. Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not Iran itself, were gearing up for a battle over market share and...

  • VIENNA, Nov 26- OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut. Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not Iran itself, were gearing up for a battle over market share and...

  • BRUSSELS, Nov 26- At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. The company lost Russia's biggest shipbuilder as a client when the United States and the European Union...