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  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude fell by nearly as much, posting the steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back expectations...

  • MOSCOW, Nov 27- Russia's most powerful oil official Igor Sechin said that oil prices could fall below $60 by mid-way through next year, speaking the same day OPEC met in Vienna and left its output targets unchanged. On Thursday, OPEC decided against production cuts to halt a slide in global oil prices, sending benchmark Brent crude plunging to a fresh four-year low...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price, Foreign Minister Rafael Ramirez said on Thursday, despite OPEC's refusal to cut output as the cash-strapped South American country had aggressively pushed for. Saudi Arabia blocked calls from poorer members of the OPEC oil exporter group for production...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back...

  • CARACAS, Nov 27- Venezuela will maintain contact with non- OPEC countries to seek a "fair" global oil price which it still thinks should be around $100, Foreign Minister Rafael Ramirez said on Thursday.

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. This outcome set the stage for a battle for market share between OPEC and non- OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.

  • MOSCOW, Nov 27- The rouble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices. It had earlier strengthened against both currencies in nervous trade before the OPEC meeting in Vienna, one of the most closely watched in years. Brent crude fell to a four-year low below $73 a barrel...

  • LONDON, Nov 27- Share price falls for energy firms capped gains for top European stocks on Thursday, after OPEC resisted pressure to cut supply in the face of a global slump in the oil price. However, shares were able to edge higher, led up by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus...

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil plunged more than $6 a barrel on Thursday, the sharpest one-day fall since 2011, after OPEC decided not to cut production despite a huge oversupply in world markets. Ministers from the Organization of the Petroleum Exporting Countries had been discussing at their meeting in Vienna whether to...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $4 on Thursday to below $73 a barrel after producer group OPEC said it would not cut crude production despite global oversupply. Brent fell as low as $72.74 per barrel, its lowest since August 2010, and was last trading down $4.75 at $72.98. U.S. crude oil futures also fell sharply to a low of $69.11 a barrel,...

  • WTO finds against Peru in farm duties case Thursday, 27 Nov 2014 | 11:26 AM ET

    GENEVA, Nov 27- A World Trade Organisation dispute panel ruled on Wednesday that Peru was violating global trade rules in imposing additional duties on key agricultural products when their international prices fell below a set floor. The case was brought to the WTO last April by Guatemala, which argued that its exports to Peru had suffered under the measure...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. The outcome effectively means a battle for market share between OPEC and non- OPEC countries as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down about a third since June.

  • *Oil prices slide as OPEC opts not to cut output. LONDON, Nov 27- Gold eased on Thursday, hurt by a sharp drop in oil prices, strength in the dollar and fresh outflows from bullion-backed funds, with traders cautious ahead of this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.3 percent at $1,193.85 an ounce at 1549 GMT, while U.S. gold...

  • Russia's Rosneft says OPEC decision won't affect its work Thursday, 27 Nov 2014 | 11:12 AM ET

    MOSCOW, Nov 27- Russia's top oil producer Rosneft said on Thursday that a decision by OPEC to leave its output unchanged despite flagging oil prices would not affect the work of the company. "Rosneft has a sufficient safety margin, given the fact that net production cost is the lowest in the world-- just above 4 dollars/ barrel." Earlier on Thursday, Gulf oil producers...

  • BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...

  • VIENNA, Nov 27- OPEC oil producers agreed on Thursday to keep their official joint production target at 30 million barrels per day, the 12- member group said in a statement at the end of their biannual meeting in Vienna. The Organization of the Petroleum Exporting Countries, which met after oil prices had fallen by more than 30 percent in five months, expressed...

  • 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...