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  • MOSCOW, Nov 26- The Russian rouble fell for a second day on Wednesday, as oil prices slipped before a meeting of the OPEC oil producers' club to discuss weak prices. Russia is not a member of OPEC. Russia sees an average oil price of around $80- 90 per barrel in the medium- and possibly in the long-term, Finance Minister Anton Siluanov said on Wednesday.

  • Iran oil min says non-OPEC should join any output cut Wednesday, 26 Nov 2014 | 3:34 AM ET

    VIENNA, Nov 26- Iranian Oil Minister Bijan Zangeneh said on Wednesday OPEC needs to show unity in the face of growing oversupply in oil markets and added that non- OPEC members also should participate in any output cuts. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna. Impromptu talks between Saudi Arabia,...

  • *Prices fell in early trading as Asia's biggest economies weaken. Ali al-Naimi's comment that he believed oil "will stabilise itself eventually" supported crude against pressure from signs of weakness in Asia's top four economies. Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on...

  • Saudi's Naimi says oil market will stabilise eventually Wednesday, 26 Nov 2014 | 2:46 AM ET

    VIENNA, Nov 26- Saudi Arabian Oil Minister Ali al-Naimi told reporters on Wednesday that he believed the oil market "will stabilise itself eventually". Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna. Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded...

  • SINGAPORE, Nov 26- Brent crude steadied around $78.40 a barrel on Wednesday ahead of talks by producer group OPEC, but prices fell earlier in the session as Asia's top four economies showed signs of weakness. Traders said talks of a potential output cut ahead of the meeting of the Organization of Petroleum Exporting Countries were helping prices, but added that...

  • *Crude oil extends losses ahead of Thursday's OPEC summit. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 percent.

  • *But hopes for OPEC production cut support prices. SINGAPORE, Nov 26- Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club OPEC curbed losses. In South Korea, a top state-run research institute warned the Bank of Korea against underestimating the danger of Asia's fourth-largest...

  • Crude oil extends losses ahead of Thursday's OPEC summit. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.

  • NEW YORK, Nov 25- Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with no deal to curb crude output. Saudi Oil Minister Ali al-Naimi held talks with officials from Venezuela, Russia and Mexico in Vienna before Thursday's summit of the Organization...

  • Oil prices are already down about 30 percent since June, and with little consensus about the likely outcome from a meeting of ministers from the Organization of the Petroleum Exporting Countries meeting on Nov. 27, a snap back seems unlikely and a further trend decline very possible. This is an unusual oil price fall, and one which is more about a structural change...

  • *Oil falls after talks with non- OPEC producers yield no cuts. Oil prices fell more than $1 a barrel to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non- OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June. OPEC meets in Vienna on Thursday.

  • A reduction in the quota, likely to 29.5 million barrels per day, dismissing some price war fears and sparking a rally. We therefore do not expect the cartel to be able to prevent the price of a barrel of Brent from falling to $70 by the end of 2016, even if this is below OPEC's current comfort zone. " "With the decline in prices, the likelihood of OPEC announcing a...

  • *Losses pared after WSJ reports OPEC may agree on cut. NEW YORK, Nov 25- Oil prices tumbled to near four-year lows before paring some losses on Tuesday as the market was hit with conflicting signals on whether OPEC will agree to curb output at its meeting this week. Crude prices reversed early gains and fell more than $1 a barrel after a meeting in Vienna on Tuesday...

  • Europe shares end higher; banks rally on stimulus hopes Tuesday, 25 Nov 2014 | 12:48 PM ET

    PARIS, Nov 25- European stocks ended slightly higher on Tuesday as euro zone banking shares climbed on mounting expectation of more stimulus from the European Central Bank. Crude prices fell again on Tuesday, down by more than $1 a barrel to near four-year lows, after a meeting between Saudi Arabia, Venezuela and major non- OPEC oil exporters ended with no deal on...

  • *Meeting held ahead of Thursday's OPEC summit. NEW YORK, Nov 25- Oil prices tumbled by more than $1 a barrel on Tuesday to near four-year lows, reversing early gains after a meeting between Saudi Arabia, Venezuela and major non- OPEC oil exporters ended with no deal on curbing output. Saudi Oil Minister Ali al-Naimi met with officials from Venezuela, Russia and Mexico...

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • *Algeria, Bahamas, Belarus, Liberia and Serbia also in line. GENEVA, Nov 25- The 160- member World Trade Organization is in active discussions with 10 countries aiming to become members, including Kazakhstan and Afghanistan, WTO Director General Roberto Azevedo said in a report on Tuesday. But several bigger countries are queuing up, led by Kazakhstan.

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • *Saudi's Naimi meets Russian, Venezuelan and Mexican counterparts Meeting held ahead of Thursday's OPEC summit. NEW YORK, Nov 25- Oil prices rose on Tuesday, with Brent crude above $80 per barrel, after news that Saudi Arabian Oil Minister Ali al-Naimi was meeting with his Russian, Venezuelan and Mexican counterparts ahead on an OPEC meeting that could cut output.

  • Saudi oil min meeting Russia, Venezuela and Mexico Tuesday, 25 Nov 2014 | 9:51 AM ET

    VIENNA, Nov 25- Saudi Arabian Oil Minister Ali al-Naimi is currently meeting with the energy ministers of Russia, Venezuela and Mexico, sources familiar with the matter said on Tuesday. Russia's most powerful oil official, Igor Sechin, the head of state oil company Rosneft, is also attending the discussions, the sources said. Ministers from OPEC member countries...