BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.» Read More
BRUSSELS/ LONDON, Jan 13- European Union governments will implement all EU sanctions relief for Iran covered by a landmark nuclear deal on Jan. 20, the day the agreement takes effect- including lifting a ban on insuring its oil, officials said on Monday.
PARIS, Jan 13- The outlook for advanced economies is improving as momentum shifts up a gear in the crisis-weary euro zone, the OECD's monthly leading indicator showed on Monday.
WASHINGTON, Jan 10- An internal World Bank watchdog criticized the lender on Friday for not doing enough due diligence on a loan made to an Honduran company that is purportedly linked to multiple killings and drug trafficking.
*Greece in spotlight as it assumes 6- month EU presidency. ATHENS, Jan 8- Greece took over the presidency of the European Union on Wednesday and chose the moment to deliver a staunch defence of its efforts to recover from six years of recession and two bailouts that have cost it more than 200 billion euros.
TRIPOLI, Jan 8- Libya will sue any foreign firms trying to buy oil from eastern ports seized by armed protesters and stop doing business with them, its oil minister said on Wednesday. "There won't be any market for them in Libya anymore. He said the OPEC producer was producing around 650,000 barrels a day of oil, of which 510,000 bpd was being exported.
NEW YORK, Jan 7- The pace of U.S. oil production growth will begin to slow in 2015, even as global demand continues to rise, allowing OPEC to pump more crude for the first time in three years, U.S. government forecasts showed on Tuesday.
OPEC supplies will rise for the first time in at least two years in 2015, up 0.4 percent year-over-year to 35.59 million bpd according to the report. However, non- OPEC supplies will grow at a faster 2.6 percent rate year-over-year to 57.55 in 2015, the forecast shows.
NEW YORK, Jan 7- The U.S. Energy Information Administration said on Tuesday oil production in the United States will reach a 43- year high in 2015 as output grows from shale fields. The administration also revised non- OPEC oil production for 2014 up 140,000 bpd from pervious forecasts, to 56.1 million bpd.
Jan 6- The following table shows OPEC crude oil output in millions of barrels per day in December and November, according to a Reuters survey published on Monday. With the latest decline, OPEC is pumping below its supply target of 30 million barrels per day. There are no individual quotas for the OPEC member-countries.
LONDON, Jan 6- OPEC's oil output fell in December to the lowest since May 2011, a Reuters survey found, due to strikes and protests in Libya, stagnation in Iraqi exports and a further reduction in Saudi Arabian supply.
*Oil strikes crippling the OPEC nation's finances. Oil exports, which account for practically all the government's annual revenue of around $50 billion, have fallen from more than 1 million barrels a day in July, when the strikes began, to just 110,000 bpd.
*Curbs on Bulgarian, Romanian workers lifted from Jan. 1. BRUSSELS, Jan 1- The European Union sought to calm fears in countries like Britain, France and Germany that they face a mass influx of Romanians and Bulgarians following the lifting of restrictions on Wednesday, a change that risks fuelling anti-immigrant sentiment in Europe.
*Latvia becomes 18th member of euro zone. RIGA, Jan 1- Latvia joined the euro zone on Wednesday, banking on its experience of austerity to bring it prosperity in a currency union where other economies have floundered.
RIGA, Jan 1- Latvia joins the euro zone on Wednesday, banking on its experience of self-imposed austerity to bring it prosperity in a currency union where other economies have floundered.
NEW YORK, Dec 31- U.S. dollar reserves held by global central banks fell slightly in the third quarter from the prior quarter, according to data from the International Monetary Fund released on Monday. Global total foreign exchange holdings rose to $11.43 trillion in the third quarter from $11.14 trillion.
Dec 27- A decision by the Mexican government to restore import tariffs on white corn and sorghum will not apply to U.S. products because of the North American Free Trade Agreement, according to a U.S. Department of Agriculture attache in Mexico.
COPENHAGEN, Dec 27- Danish drugmaker Lundbeck has received marketing authorisation from the European Commission for its antidepressant Brintellix following approval in the United States in September, it said on Friday. The approval for Brintellix will cover all 28 European Union member states plus Iceland, Liechtenstein and Norway.
BEIJING, Dec 25- China's Commerce Ministry said on Wednesday it will re-examine its decision to impose anti-dumping duties on U.S. chicken broiler parts after the World Trade Organization ruled against Beijing in the four-year-old dispute.
UNITED NATIONS, Dec 24- The U.N. Security Council approved plans on Tuesday to almost double the number of U.N. peacekeepers in South Sudan as soon as possible to protect civilians from worsening violence that has pushed the world's newest state to the verge of civil war.
*International Monetary Fund will raise U.S. growth forecast. NEW YORK, Dec 23- The dollar drifted lower against the euro on Monday in thin trading, but optimism about the U.S. economy as the Federal Reserve started to withdraw some of its stimulus capped the currency's losses.