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  • UPDATE 8-Oil falls on supply glut and strong dollar Thursday, 18 Sep 2014 | 1:00 PM ET

    *Supply risks rise with Libyan setback, OPEC talk. Brent prices slid sharply around 11:34 a.m. EDT, dropping 60 cents a barrel within 13 minutes, while U.S. crude tumbled 90 cents over the same period. The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts.

  • UPDATE 7-Oil edges lower on supply glut and strong dollar Thursday, 18 Sep 2014 | 11:17 AM ET

    *Supply risks rise with Libyan setback, OPEC talk. NEW YORK, Sept 18- Oil traded lower on Thursday, pressured by ample supply and concern over a weakening of demand growth in major consumer nations, as well as by a rise in the U.S. dollar. The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts.

  • NEW DELHI, Sept 18- India urged the Group of 20 nations on Thursday to consider creating currency swap lines to mitigate the impact on emerging economies of the expected withdrawal of the U.S.

  • *Supply risks rise with Libyan setback, OPEC talk. Threats to supply as Libya's output fell and talk of OPEC production cuts limited the decline for global benchmark Brent, which hit a 26- month low on Monday after data showing a slowdown in China's factory output raised demand concerns.

  • VIENNA, Sept 18- The European Union said on Thursday it was disappointed with a lack of progress by Iran in addressing concerns about its suspected atomic bomb research, pressuring Tehran to cooperate with a long-stalled U.N. watchdog inquiry.

  • *Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday as the dollar firmed amid fears of a faster hike in U.S. interest rates, while a rise in U.S. crude stocks also hurt prices.

  • *India Oil Corp buys Iran oil after 2- mth gap. World powers and Iran are working to resolve a decade-old dispute over the OPEC nation's nuclear programme, with an interim deal that eases some sanctions on the country extended by four months to late November.

  • As growth stalls, G20 seeks closure on regulations Thursday, 18 Sep 2014 | 1:26 AM ET

    SYDNEY, Sept 18- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.

  • *Winter demand should support oil prices- OPEC delegates. SINGAPORE, Sept 18- Brent crude dropped towards $98 per barrel on Thursday, pressured by a stronger dollar on fears about a looming U.S. interest rate increase and a steep spike in U.S. crude stocks.

  • IMF warns of risks from "excessive" financial market bets Wednesday, 17 Sep 2014 | 4:00 PM ET

    WASHINGTON, Sept 17- The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.

  • WASHINGTON, Sept 17- The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Brent was down 42 cents at $98.63 a barrel by 1457 GMT, after closing up $2.40 in the previous session, the biggest daily gain since Sept. 3. "It looks like we've got extra oil hanging around- that was the initial shock of the number," said Phil Flynn, an analyst at the Price Futures Group in Chicago.

  • *OPEC meets on Nov. 27 to set policy. DUBAI/ LONDON, Sept 17- OPEC may not need to cut its oil output target at a meeting in November, a Gulf OPEC delegate and other OPEC sources said on Wednesday, as strengthening demand in coming winter months should support oil prices that have fallen below $100 a barrel.

  • WASHINGTON, Sept 17- The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

  • COPENHAGEN, Sept 17- European pension funds could become more, rather than less adventurous in their investment strategies after the European Union introduces tough new rules on capital requirements, if the experience of similar rules in Denmark is any pointer.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. LONDON, Sept 17- Brent crude oil steadied at around $99 per barrel on Wednesday, after jumping on Tuesday on hopes the Organization of the Petroleum Exporting Countries would help reduce a global supply glut by cutting output.

  • Ukraine central bank sees economy growing 1 pct in 2015 Wednesday, 17 Sep 2014 | 5:19 AM ET

    KIEV, Sept 17- Ukraine's economy should pick up next year and grow 1.0 percent, the central bank said on Wednesday, after a sharp contraction this year due mainly to the impact of the crisis in eastern Ukraine. Ukraine has already received two disbursements under a $17 billion International Monetary Fund bailout this year.

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri. Many OPEC countries need oil prices above $100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support prices. Any production cut by OPEC, due to meet in November, would be the group's first since 2008..

  • *OPEC could trim 2015 output to 29.5 mln bpd- Badri.

  • Brent keeps gains, stays near $99 on OPEC output cut talk Wednesday, 17 Sep 2014 | 12:11 AM ET

    *OPEC could trim 2015 output to 29.5 million bpd- Badri. The European benchmark sank to a 26- month low this week on continued worries about rising supplies and slower demand growth in China and Europe, but prices rose on Tuesday after OPEC's secretary general Abdullah al-Badri said the group could trim its 2015 output target by 500,000 barrels per day.