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  • WASHINGTON, Nov 25- The United States is in the midst of renewing its 35- year-old commitment to supply Israel with oil in emergency situations after the pact expired on Tuesday, a U.S. State Department official said. The United States "is in close contact with the government of Israel on extending the longstanding memorandum of understanding" between the two...

  • Guessing game: What are OPEC nations thinking? Tuesday, 25 Nov 2014 | 12:08 PM ET

    Trying to guess what OPEC members are thinking in the run-up to Thursday's meeting in Vienna is a high stakes parlor game for energy analysts, political scientists and armchair geo-politicians. There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping...

  • As OPEC faces tough test, lower oil prices loom Tuesday, 25 Nov 2014 | 12:07 PM ET

    NEW YORK— These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day. But there is widespread doubt that OPEC will be able to do much of anything when it meets in Vienna later this week— doubt sent oil down another 2 percent Tuesday. "OPEC countries do exactly what we would...

  • 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...

  • Correction: Earns-Amira Nature Foods Tuesday, 25 Nov 2014 | 11:20 AM ET

    DUBAI, United Arab Emirates— In a story and in headlines about second-quarter earnings results, The Associated Press reported erroneously in a report generated by Automated Insights using data from Zacks Investment Research that Amira Nature Foods Ltd. missed second-quarter Wall Street profit forecasts. DUBAI, United Arab Emirates— Amira Nature Foods...

  • *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...

  • 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...

  • LONDON, Nov 25- Moody's expects sovereign credit ratings to stabilise next year as world growth slowly picks up, although uncertainty about U.S. interest rate rises tops a list of four global risks. Moody's said its global sovereign credit outlook was "broadly stable" for the first time in several years during which debt problems blighting Europe and a commodity...

  • OECD sees gradual world recovery, urges ECB to do more Tuesday, 25 Nov 2014 | 5:30 AM ET

    PARIS, Nov 25- The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. The United States and Britain will grow more strongly then the euro zone and Japan and, among emerging countries, India, Indonesia...

  • 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...

  • TOKYO, Nov 25- U.S. crude oil futures were steady below $76 a barrel in early trade on Tuesday as investors waited for a meeting of OPEC ministers that may produce output cuts to support slumping prices. *Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna on Nov.27.

  • *Market volatile as all await OPEC decision on cuts. NEW YORK, Nov 24- Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia's offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week. Russia, which needs higher oil prices to support its economy, tried...

  • Amira misses 2Q profit forecasts Monday, 24 Nov 2014 | 4:15 PM ET

    DUBAI, United Arab Emirates _ Amira Nature Foods Ltd. on Monday reported fiscal second-quarter net income of $8.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Analysts expected $132.4 million, according to Zacks.

  • ISTANBUL, Nov 24- Turkey and the United States smoothed over some differences in the fight against Islamic State during a weekend visit by U.S. Turkey has been a reluctant partner in the U.S.-led coalition against Islamic State, refusing to take a frontline military role despite its 1,200 km border with Iraq and Syria and thereby intensifying Western concern...

  • *Russia adds to speculation on OPEC, offering its own output cuts. NEW YORK, Nov 24- Crude prices pared Monday's early losses as traders and investors speculated OPEC producers might surprise with an cut output above what market players expect when the producer group meets this week. Russia, which needs higher oil prices to support its economy, tried on Monday to...

  • *OPEC meeting Nov. 27 in Vienna. LONDON, Nov 24- Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week. "The market would question the credibility of OPEC and its influence on global oil markets if there was no cut," said Daniel Bathe, of Lupus Alpha Commodity Invest...

  • *Investors pump $48 million into nano-technology company. TEL AVIV, Nov 24- An Israeli company says it has developed technology that can charge a mobile phone in a few seconds and an electric car in minutes, advances that could transform two of the world's most dynamic consumer industries. The company has raised $48 million from two rounds of funding, including...

  • *OPEC credibility may be in question if no cut agreed. LONDON, Nov 24- Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. "The market would question the credibility of OPEC and its influence on global oil markets if there was no cut," said Daniel Bathe, of Lupus alpha Commodity Invest...

  • *Israel says Iran must not become "nuclear threshold state". VIENNA, Nov 23- Iran, the United States and other world powers are discussing an extension to Monday's deadline for a deal to resolve a 12- year stand-off over Tehran's atomic ambitions, Western and Iranian officials said. The talks in Vienna aim for an accord that could transform the Middle East, open the...