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  • 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...

  • Buckwheat problem gives Putin food for thought Tuesday, 25 Nov 2014 | 4:33 PM ET

    MOSCOW, Nov 25- As if Russian President Vladimir Putin did not have enough to worry about with Western sanctions, falling oil prices and a collapsing currency, there is also now the price of buckwheat. Rumors that snow has ruined the harvest in the Altai region that grows the fruit seed have caused panic-buying in some areas and pushed up the price of one of Russia's...

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • Ukraine still struggling to get shale investment Tuesday, 25 Nov 2014 | 11:04 AM ET

    WARSAW, Poland— Ukraine's government is still struggling to entice Western companies to invest in exploration for shale gas despite recent reforms meant to help the industry. Speaking on the sidelines of a conference in Poland, he said that the hostility of local communities in western Ukraine might be stalling license holders Chevron and Eni.

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • Shale gas company extends exploration in Poland Tuesday, 25 Nov 2014 | 9:25 AM ET

    WARSAW, Poland— Oil and gas firm San Leon Energy is extending its licenses to explore for shale gas in northern Poland, a company official said Tuesday. According to Marcin Zieba, the head of an association of explorers in Poland, the main issue is to find the best way to efficiently release the gas from Poland's shale rocks, which are different from those in the U.S.,...

  • VIENNA, Nov 25- Venezuela will discuss oil-market "coordination" with OPEC heavyweight Saudi Arabia and major oil producers from outside the group, Foreign Minister Rafael Ramirez said on Tuesday, as the Latin American country tries to rally support for action to boost prices. Riyadh has kept the market guessing about its response to crude's near 30 percent...

  • France suspends delivery of warship to Russia Tuesday, 25 Nov 2014 | 6:53 AM ET

    PARIS— France suspended the delivery of a warship to Russia on Tuesday, after months of speculation about what would be the biggest arms sale ever by a NATO country to the Kremlin. Russia annexed Crimea from Ukraine in March. Russia's ambassador to France told The Associated Press on Tuesday that there's a grace period in the contract and Russia isn't demanding...

  • Current CEO Javier Marin will leave the bank and be replaced by Chief Financial Officer Jose Antonio Alvarez. Botin, who ran the UK division of Santander before taking over from her late father Emilio Botin in September, needs to reassure investors that the bank's management has the energy and drive to maintain its industry-leading position, expand in new...

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • MOSCOW, Nov 25- Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands. His spokesman later said Putin was referring to the fact that the banks' branches had closed in Crimea since...

  • MOSCOW, Nov 25- Rating agency Standard& Poor's is unlikely to change Russia's rating even if the country falls into recession, the agency's senior director for sovereign ratings, Christian Esters, said on Tuesday. "External and fiscal buffers are strong enough to support the rating even if the economy goes into recession," he said at a conference in Moscow.

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices stumbled as traders lowered their expectation of a significant output cut at this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent after rallying in the...

  • *Russia, some OPEC members want 1 million bpd output cut. *OPEC meets in Vienna on Thursday to discuss production. SINGAPORE, Nov 25- Brent crude oil prices started Tuesday's Asian trading under $80 a barrel as traders lowered their expectation of a significant output cut by oil producers' club OPEC.