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OPEC

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  • *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...

  • *Oil regains some lost ground ahead of OPEC meeting. NEW YORK, Nov 24- U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation. European Central Bank President Mario Draghi also looked to be...

  • *Russia helps markets by not raising oil output- Energy Minister Moscow may make oil output cuts of 15 mln t in 2015- paper. MOSCOW, Nov 24- Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same. With oil prices threatening to go as low as $60 if OPEC...

  • UAE says OPEC will take "appropriate decision" -WAM Monday, 24 Nov 2014 | 9:27 AM ET

    DUBAI, Nov 24- The United Arab Emirates energy minister said OPEC countries would deal with the current fall in oil prices and would take the "appropriate decision", the state WAM news agency reported on Monday. WAM said Suhail bin Mohammed al-Mazroui did not elaborate on the nature or kind of decision that members of the Organization of the Petroleum Exporting...

  • *OPEC to meet in Vienna on Nov. 27. *Producers split over possible OPEC output cuts. The decision came ahead of a key meeting of OPEC to discuss production in response to a collapse in oil prices.

  • A steadier oil price also helped the rouble on Monday ahead of a key meeting of OPEC. Investors in Russian assets are positioning before the OPEC meeting on Thursday, at which the oil-producing group will discuss whether to cut output. Russia is not a member of OPEC.

  • *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...

  • Iran nuclear deal deadline ahead     Monday, 24 Nov 2014 | 7:30 AM ET

    Thomas Friedman, New York Times columnist, digs into current global flash points, including talks regarding the Iranian nuclear deal deadline.

  • MOSCOW, Nov 24- Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same. Non- OPEC member Russia needs an oil price of $100 per barrel to balance its budget. Citing sources, Kommersant daily newspaper said Russia might suggest cutting its oil...

  • Schork skeptical of a cut from OPEC     Monday, 24 Nov 2014 | 7:03 AM ET

    Discussing the looming Iran nuclear deal deadline, and the upcoming OPEC meeting, with Stephen Schork, The Schork Report.

  • Todd Horwitz, author and founder of Averagejoeoptions.com, looks ahead to today's trade from the U.S. markets and the upcoming OPEC meeting.

  • OPEC: No easy solution for oil     Monday, 24 Nov 2014 | 5:40 AM ET

    Tim Rezvan, vice president of energy research at Sterne Agee, talks about the upcoming OPEC meeting, saying there's no "easy solution to support oil."

  • Strategic OPEC wants to stay competitive     Monday, 24 Nov 2014 | 4:30 AM ET

    Sabine Schels, senior director and global commodity strategist at BofA Merrill Lynch, talks about the upcoming OPEC meeting, saying they believe OPEC will be "reluctant to cut much further" in oil production, in order to stay competitive and keep market share.

  • US stocks inch further into record territory Monday, 24 Nov 2014 | 4:22 AM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and an OPEC meeting to discuss oil production levels. London's FTSE 100 shed 0.1 percent to 6,744.08. ASIA'S DAY: China's Shanghai Composite Index jumped 1.9 percent to 2,532.88 and Hong Kong's Hang Seng rose by the...

  • *Final day of talks on Iran nuclear programme. *OPEC to meet in Vienna on Nov. 27. LONDON, Nov 24- Brent crude oil stabilised around $80 a barrel on Monday as world powers met in Vienna for the final day of talks on Iran's nuclear programme ahead of a key meeting of producer group OPEC to discuss production.

  • The rouble tracked Asian markets higher on the prospect of further policy stimulus in China and Europe, which also helped lift prices for oil, one of Russia's main exports and sources of budget revenue. Investors in Russian assets were also positioning before this week's OPEC meeting, at which the oil producing group is expected to discuss whether to cut output...

  • MOSCOW, Nov 24- Russia may suggest cutting its oil production by around 15 million tonnes a year and expects OPEC to limit its output as well, Kommersant daily newspaper said, citing sources. Before OPEC meets later this week in Vienna, Russia has spoken to members Venezuela and Saudi Arabia about the need to support the oil market and hopes to press its message on...

  • *OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices. Asian markets rallied on Monday with shares in Shanghai hitting three-year highs as the...

  • *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...

  • Asian stocks gain after China rate cut Sunday, 23 Nov 2014 | 11:00 PM ET

    BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69.