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  • *Serbia seeking precautionary loan deal. BELGRADE, Nov 20- Serbia said on Thursday it had reached agreement with the International Monetary Fund on a new loan deal designed to reassure investors after months of uncertainty. Serbia has been seeking a precautionary loan deal to replace a previous arrangement frozen by the lender in early 2012 over broken...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of an OPEC meeting next week. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • Brent sticks above $78 a barrel as market waits for OPEC Wednesday, 19 Nov 2014 | 10:50 PM ET

    *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting and a private survey showed China's factory output contracting for the first time in six months. According to Samir Kamal, Libya's OPEC governor...

  • Libyan OPEC official indicates output cut on Nov 27. NEW YORK, Nov 19- Oil prices fell for a third straight day on Wednesday, as early gains on talk of a possible OPEC output cut vanished after the Federal Reserve released minutes of last month's policy meeting revealing worries that U.S. inflation could remain below target for "quite some time."

  • *Morgan Stanley analysts expect production cut sooner or later. NEW YORK, Nov 19- Oil prices rose on Wednesday after Libya's representative to OPEC fueled hopes of an output cut, prompting traders to focus on next week's meeting of the producer group and ignore an unexpected surge in U.S. crude inventories. U.S. crude and Brent futures shrugged off the bearish...

  • Ireland cleared to pay IMF loans early after Swedish vote Wednesday, 19 Nov 2014 | 10:41 AM ET

    STOCKHOLM, Nov 19- The Swedish parliament on Wednesday said Ireland may pay back part of its bailout loans early to the International Monetary Fund, giving the final EU approval needed for Dublin to begin repayment. Ireland won agreement from Europe to pay the IMF before it repays aid from the European bailout funds and just needed the new Swedish government to...

  • UPDATE 5-Oil climbs above $79 on speculation OPEC may cut Wednesday, 19 Nov 2014 | 9:26 AM ET

    LONDON, Nov 19- Brent crude oil climbed above $79 a barrel on Wednesday on speculation OPEC may act to stabilize prices that have fallen by almost a third in five months when it meets next week. Some smaller OPEC members want production cuts at the Nov. 27 meeting but Saudi Arabia has so far shown no indication that it will support such a move. Libya's OPEC governor,...

  • UPDATE 4-Oil steadies below $79 as market awaits OPEC Wednesday, 19 Nov 2014 | 6:52 AM ET

    *OPEC appears divided over response to oil price fall. LONDON, Nov 19- Brent crude oil steadied below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output. OPEC heavyweight Saudi Arabia has so far shown no...

  • Open up to our beer, EU to tell Japan in trade talks Wednesday, 19 Nov 2014 | 6:14 AM ET

    *EU, Japan seeking broad trade deal by end of 2015. BRUSSELS, Nov 19- Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world's biggest free trade deals next year, according to an EU document prepared for the next round of talks in December. Japan and the European Union are seeking to strike a deal at the end of 2015 but...

  • ACCRA, Nov 19- Ghana hopes to seal a provisional agreement with the IMF on financial assistance this week and aims to cut its budget deficit to 6.6 percent of GDP in 2015 from more than 9.6 percent in 2014, a senior official told Reuters ahead of Wednesday's budget. In a measure of the fiscal problems, the government has overshot initial 2014 budget deficit and...

  • On Wednesday oil benchmark Brent was down slightly at around $78.3, softening after a brief rally earlier in the week, with all eyes on an OPEC meeting next week. However, low forex market turnover of $3.6 billion on Tuesday indicated that exporters are not yet selling significant amounts, VTB Capital analyst Maxim Korovin said in a note. Alfa Bank analyst Natalia...

  • UPDATE 3-Oil slips towards $78 as market awaits OPEC Wednesday, 19 Nov 2014 | 3:34 AM ET

    *OPEC appears divided over response to oil price fall. LONDON, Nov 19- Brent crude oil slipped towards $78 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output. OPEC heavyweight Saudi Arabia has so far shown no...

  • UPDATE 1-Brent steady below $79 as divisions in OPEC grow Wednesday, 19 Nov 2014 | 1:13 AM ET

    *OPEC divided over response to drop in oil prices. SINGAPORE, Nov 19- Brent crude held steady below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and divisions between OPEC members appeared to grow ahead of a meeting next week. "I don't think the market believes it, and even if OPEC...

  • Brent steady below $79 as divisions in OPEC grow Tuesday, 18 Nov 2014 | 10:48 PM ET

    *OPEC divided over response to drop in oil prices. SINGAPORE, Nov 19- Brent crude held steady below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and divisions between OPEC members seemed to grow ahead of a meeting next week. "I don't think the market believes it, and even if OPEC...

  • SINGAPORE, Nov 19- U.S. crude fell towards $74 a barrel in early Asian trade on Wednesday, headed for a third straight drop, after data showed top OPEC producer Saudi Arabia increased crude exports in September despite signs of an oversupplied market. *OPEC heavyweight Saudi Arabia's crude oil exports edged up in September by around 59,000 barrels per day while...

  • WASHINGTON, Nov 18- The European Union will soon push back a deadline by which U.S. clearing houses need to comply with its rules, a source familiar with the matter said, taking the sting out of a dispute with America over how to regulate swaps. A European Commission spokeswoman told Reuters on Tuesday that an extension of the Dec. 15 deadline had been proposed, and...

  • *Private briefings, long Naimi silence puzzle OPEC experts. LONDON, Nov 18- If Saudi Oil Minister Ali al Naimi wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late. Naimi's intervention last week after a two-month silence failed to address a question energy markets want answered: is the OPEC leader no longer willing to...

  • *Traders look to Nov. 27 OPEC meeting for direction. NEW YORK, Nov 18- Oil extended its slide on Tuesday as traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the cartel will cut production when it meets later this month. OPEC will meet in Vienna on Nov. 27.

  • *Athens wants to exit bailout one year ahead of time. ATHENS, Nov 18- Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout programme. Inspectors from the European Union and the International Monetary Fund...