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  • *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...

  • *OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Oil markets were steady in early Asian trading on Monday, with benchmark Brent crude prices remaining above $80 a barrel following a rally late on Friday over China's interest rate cut and ahead of a possible output reduction by producer group OPEC. Asian stock markets and the dollar rose on Monday morning, fuelled...

  • SINGAPORE, Nov 24- U.S. crude futures steadied above $76 a barrel on Monday, clinging to gains from the previous session after a rally spurred by China's first interest rate cut in more than two years. *Friday's surprise cut in China's interest rates reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures...

  • Some climate change impacts unavoidable - World Bank Sunday, 23 Nov 2014 | 4:00 PM ET

    OSLO, Nov 23- Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said on Sunday. "This means that climate change impacts such as extreme heat events may now be simply unavoidable," World Bank President Jim Yong Kim told a telephone news...

  • Iran lobbies Saudi Arabia for output cut: Report Sunday, 23 Nov 2014 | 10:27 AM ET
    OPEC headquarters in Vienna.

    Iran will try to persuade Saudi Arabia to cut oil production when ministers from the two OPEC members meet this week, Mehr news agency reported.

  • VIENNA, Nov 23- Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two OPEC members meet this week in Vienna, Iran's semi-official Mehr news agency reported on Sunday citing a television interview with the country's oil minister. "Iran's oil minister will meet his Saudi counterpart in Vienna to persuade the oil giant for...

  • ATHENS, Nov 21- Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders...

  • *China's first rate cut in 2 years helped spark rally. *Expectations grow for OPEC production cut at Nov. 27 meet. NEW YORK, Nov 21- Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut.

  • *OPEC watch continues as bets vary on a production cut. NEW YORK, Nov 21- Brent crude oil rose for a second straight day on Friday while U.S. crude turned lower as traders took profit on a rally triggered by China's interest rate cut and speculation that OPEC will cut output. The front-month contract for benchmark Brent crude was up 33 cents at $79.66 a barrel by...

  • BRUSSELS, Nov 21- Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday. The United States and the European Union are trying to seal a free trade deal which could bring economic gains of around $100...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it made significant progress in a third round of talks with Ghana on a financial aid programme aimed at helping the West African country out of a fiscal crisis. Escalating inflation, a currency that has fallen sharply this year and a high budget deficit have severely undermined Ghana's reputation as a...

  • *Venezuela urges OPEC to cut, says will reduce own output. NEW YORK, Nov 21- Oil jumped for a second straight day on Friday, with benchmark Brent crude returning above the $80 level after slipping below it last week, as top petroleum buyer China cut interest rates and speculation mounted that OPEC will cut output. "This market has been sold out so much that any kind of...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it had made significant progress in a third round of talks with Ghana on a financial assistance programme aimed at restoring the country's fiscal balance. The Fund said it would carry on working with Ghana on array of measures, and would then agree an assistance programme. "Once this work is completed, a...

  • *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose above $80 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production. The rate cut added to a positive mood among oil traders, many of whom expected an agreement by the Organization of the Petroleum Exporting...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it made significant progress in a third round of talks with Ghana on a financial assistance program aimed at restoring the country's fiscal balance.

  • *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose more than $2 to above $81 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production. The rate cut added to a positive mood among oil traders, many of whom expected an agreement by the Organization of the Petroleum...

  • BRUSSELS, Nov 21- The dispute between Britain and Spain over Gibraltar threatens to hold up European Union plans to merge national air corridors, diplomats say. But a wrangle over the sovereignty of the isthmus that connects the British territory of Gibraltar to Spain could delay a deal even if all other issues are agreed upon, EU diplomats said.

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production.

  • *Novak, Rosneft's Sechin to fly to Vienna before OPEC meeting. Before OPEC meets next week, Russia has already spoken to members Venezuela and Saudi Arabia about the need to support the oil market, and Moscow expects to send a high-ranking delegation to Vienna before the meeting to press the message on prices. A price of at least $100 a barrel is needed to balance the...

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose above $80 a barrel on Friday after China cut interest rates and on speculation OPEC could agree next week to reduce oil production.