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  • *Goldman Sachs slashes 2016-2020 price outlook. LONDON, May 18- Brent crude oil prices declined on Monday after Goldman Sachs slashed its forecasts on a persistently high supply outlook, offsetting fears over deepening violence in the Middle East. Analysts nevertheless said oil markets remained oversupplied, and that the glut could worsen if U.S. production...

  • *Worries over Greece hit Greek shares, bonds. *Oil rises on fighting in Yemen, Iraq. LONDON, May 18- European shares fell on Monday, weighed down by worries over a looming cash crunch in Greece, while the dollar rebounded after concern over the U.S. economy drove the currency to four-month lows on Friday.

  • *Goldman Sachs slashes 2016-202 price outlook. LONDON, May 18- Oil prices firmed on Monday after a major advance by Islamic State militants in Iraq. Goldman Sachs lowed their Brent crude price assumption from 2016 to 2019 from $70 a barrel to $62- $65 a barrel and for 2020 from $70 a barrel to $55 a barrel.

  • KUALA LUMPUR, May 18- Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas imports from the United States to start next year, a company executive said on Monday. The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal...

  • Key ISIS figure killed in US raid   Monday, 18 May 2015 | 6:16 AM ET
    Key ISIS figure killed in US raid

    Edward Lawrence, NBC News, reports a U.S.-led coalition launched a successful raid on top ISIS leadership in Syria and killed the terrorist group's key money man.

  • Immediately after the announcement, Egypt's EGX 30 index rose 3.3 percent to 8562.07, according to Egypt's official news agency. Egypt's economy has been reeling since the 2011 uprising that ousted longtime autocrat Hosni Mubarak. Tourists-- one of Egypt's main sources of revenue-- fled, while growth rates fell from more than 7 percent before the uprising to...

  • MANILA, Philippines— Robert de Niro and his business partners formally opened Asia's first Nobu Hotel in Manila on Monday as the luxury brand gears up for global expansion. De Niro and his Nobu Hospitality partners, renowned chef Nobu Matsuhisa and Hollywood producer Meir Teper, led the ribbon cutting with Australian billionaire James Packer and Macau tycoon...

  • Elbit posts 1Q profit Monday, 18 May 2015 | 5:21 AM ET

    HAIFA, Israel _ Elbit Systems Ltd. on Monday reported first-quarter net income of $44.6 million. Elbit shares have risen 30 percent since the beginning of the year. Keywords: Elbit Systems, Earnings Report.

  • *Iran says OPEC output cut unlikely. LONDON, May 18- Oil prices rose on Monday after Islamic State militants said they had seized control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country. Analysts nevertheless said oil markets remained oversupplied, and that the glut could worsen if U.S. production picked up...

  • *Oil prices supported by fighting in Iraq, Yemen. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, although Japan's Nikkei share average edged up just 0.4 percent thanks to some companies' move to boost shareholder returns. Spreadbetters expect European shares to post small gains, with Britain's FTSE and France's CAC40 seen rising...

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices edged up on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after...

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices rose on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen...

  • *Iran still looking for OPEC "cooperation" on oil prices. Iran, along with Venezuela, has repeatedly called for OPEC to cut output to shore up low prices that have eaten into producers' oil revenues. Javadi's comments signal an admission that the group was unlikely to agree to a reduction, especially after its current strategy has succeeded in curbing non- OPEC...

  • UPDATE 1-Oil prices rise on Iraq, Yemen fighting Sunday, 17 May 2015 | 11:24 PM ET

    *Saudi-led coalition resumes air strikes in Yemen. SINGAPORE, May 18- Oil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening U.S. production capped gains. Price were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes.

  • *OPEC unlikely to cut output at June meeting. A recent framework deal on Iran's disputed nuclear programme between Tehran and world powers could see sanctions on Iran eventually lifted if a more permanent pact is finalised by a June deadline. Javadi said the OPEC producer expected to claw back lost market share in Asia.

  • KUALA LUMPUR, May 18- Iran hopes its crude oil exports will return to pre-sanctions levels within three months once a deal with major powers to lift an oil embargo is finalised, Iran's deputy oil minister said on Monday. "Yes, 2.5, around," he said on the sidelines of the Asia Oil and Gas Conference in Kuala Lumpur. A recent framework deal on Iran's disputed nuclear...

  • NYMEX-Oil prices rise on Iraq, Yemen fighting Sunday, 17 May 2015 | 8:26 PM ET

    SINGAPORE, May 18- Oil prices rose slightly in early Monday trading on supply concerns in the Middle East following fighting in Iraq and Yemen, although signs of strengthening U.S. production capped stronger gains. Price were supported by concerns that conflict in Iraq as well as Saudi attacks on Yemen could disrupt production or supply routes.

  • TOKYO, May 18- Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed while Japan's Nikkei share average edged up just 0.1 percent, despite stronger-than-expected orders. We estimate the U.S. economy shrank 0.9 percent, "said Shuji...

  • The factors that could bring oil prices down again

    A return of Iran's oil supply, alongside a surge in U.S. shale oil production, will have downward effects on oil prices, says David Hewitt, co-head of Global Oil & Gas Equity Research at Credit Suisse.

  • Iraq's Ramadi falls to ISIS, security forces flee Sunday, 17 May 2015 | 3:04 PM ET
    ISIS fighter, North American ISIS fighter, Islamic State

    Ramadi fell to ISIS on Sunday, despite intensified American airstrikes in recent weeks, a big victory for the group.