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  • U.S. crude oil falls to 4-1/2 year low of $70.75 a barrel Thursday, 27 Nov 2014 | 10:44 AM ET

    CRUDE OIL FALLS TO 4-1/ 2 YEAR LOW OF $70.75 A BARREL@. CALGARY, Alberta, Nov 27- U.S. crude oil futures fell nearly $3 to $70.75 per barrel on Thursday, its lowest since June 2010, after the OPEC producer group decided not to cut crude production despite global oversupply. OPEC Secretary-General Abudulla al-Badri said the organization has "no target price", when asked...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • *Norwegian crown hit as OPEC keeps oil output unchanged. LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per...

  • UPDATE 5-Saudis win case for no OPEC output cut Thursday, 27 Nov 2014 | 10:24 AM ET

    *Naimi says OPEC made "great decision". *Venezuela, Algeria saw need for OPEC to reduce output. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia on Thursday won the case for keeping OPEC output unchanged, overriding calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • Rouble weakens as oil ministers indicate no OPEC cut Thursday, 27 Nov 2014 | 10:11 AM ET

    MOSCOW, Nov 27- Russia's rouble weakened on Thursday after the oil ministers of Saudi Arabia and Kuwait said the OPEC oil producers' group had decided not to cut output at a meeting in Vienna.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • OPEC makes "no change", Kuwait oil minister says Thursday, 27 Nov 2014 | 10:06 AM ET

    VIENNA, Nov 27- The Organization of the Petroleum Exporting Countries has made "no change" to its output policy, Kuwaiti Oil Minister Ali Saleh al-Omair said after the group held a meeting on Thursday.

  • OPEC decides not to cut oil output-Saudi's Naimi Thursday, 27 Nov 2014 | 10:04 AM ET

    VIENNA, Nov 27- Saudi Oil Minister Ali al-Naimi told reporters on Thursday that OPEC will not cut its oil output. "That is right," Naimi told reporters in response to a question on whether OPEC had decided not to cut oil supplies. He was speaking after a five hour meeting of the producer group broke up.

  • RUSSIAN ROUBLE WEAKENS AFTER SAUDI OIL MIN INDICATES OPEC WILL NOT CUT PRODUCTION.

  • *Latest setback for Google already mired in privacy, other issues. BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging anti-trust regulators to break up Google, the latest setback for the world's most popular Internet search engine. Google has been in the EU's regulatory sights since 2010, and is also grappling with...

  • UPDATE 4-Gulf states seek to block OPEC oil output cut Thursday, 27 Nov 2014 | 9:06 AM ET

    *Venezuela, Algeria see need for OPEC to reduce output. *Saudis want lower prices to slow U.S. boom- OPEC watchers. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • 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, Nov 27- The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply,...

  • BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up. The resolution did not mention Google or any specific search engine, though Google is by far the dominant provider of such services in Europe with an...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • *Oil drops to 50- month lows as OPEC meeting starts. *OPEC expected to leave output unchanged. LONDON, Nov 27- Brent crude oil fell $2 to a 50- month low under $76 a barrel on Thursday as oil producers in OPEC looked set to keep output unchanged despite a huge oversupply in world markets.

  • Venezuela says shale oil is a disaster Thursday, 27 Nov 2014 | 4:34 AM ET

    VIENNA, Nov 27- Shale oil is a disaster for climate change, Venezuelan Foreign Minister Rafael Ramirez said on Thursday as OPEC prepares to decide on oil output policy. "The U.S. is producing in a very, very bad manner. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna, with Venezuela trying to rally support for...

  • 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...

  • Qatar oil minister says sees OPEC harmony, no crisis Thursday, 27 Nov 2014 | 4:14 AM ET

    VIENNA, Nov 27- Qatar Oil Minister Mohammed al-Sada said on Thursday that he sees harmony among OPEC members and does not see a crisis.