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  • *No sign of OPEC cutting output. LONDON, Oct 31- Brent crude oil fell more than a dollar towards $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.. Brent for December was down 90 cents at $85.34 a barrel by 0920 GMT, after touching a low of $85.11.

  • *Oil rout not over, OPEC needs to cut output- Newedge. SINGAPORE, Oct 31- Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012.. "We are still not confident about oil prices rebounding sharply because there are no signs...

  • Brent falls below $86, heads for worst month since 2012 Thursday, 30 Oct 2014 | 10:45 PM ET

    *Oil rout not over, OPEC needs to cut output- Newedge. SINGAPORE, Oct 31- Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012.. "We are still not confident about oil prices rebounding sharply because there are no signs...

  • BRUSSELS, Oct 30- Ukraine, Russia and the European Union signed a deal on Thursday on the resumption of Russian natural gas supplies to Ukraine for winter after several months of delay during the conflict in Ukraine. EU officials said both Russia and Ukraine had bargained hard for commitments from the Western bloc, with Moscow looking for EU cash to help Ukraine...

  • NEW YORK, Oct 30- Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. "We're back to the mantra that the U.S. economy will lead the way to higher rates from hereon, and that's...

  • *Talks to unblock Russia gas supply to Kiev resume Thursday. BRUSSELS/ KIEV, Oct 30- Russia, Ukraine and the European Union are likely to conclude an accord on Thursday that would see Moscow resume gas supplies to its ex-Soviet neighbour over the winter, EU and Ukrainian officials said. EU officials said both Russia and Ukraine had bargained hard for commitments...

  • NEW YORK, Oct 30- Oil prices fell about 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar surged on bets of a sooner-than-expected U.S. interest rate hike and traders appeared resigned that producer group OPEC won't do much to cut output next month. "We're back to the mantra that the U.S. economy will lead the way to higher rates from...

  • EU's Barroso believes Russia/Ukraine gas deal struck Thursday, 30 Oct 2014 | 10:39 AM ET

    BRUSSELS, Oct 30- European Commission President Jose Manuel Barroso said on Thursday he believed the European Union had successfully brokered a deal on gas supplies between Russia and Ukraine. Barroso said in remarks made as he prepares to leave office on Friday that he was pleased still to be at work because "apparently we have an accord which the Commission...

  • WASHINGTON, Oct 30- The International Monetary Fund foresees large financing needs next year in the three West African countries hardest hit by the outbreak of the deadly Ebola virus. "The outlook for the Ebola-hit countries has worsened, with large financing needs likely for 2015," IMF spokesman Gerry Rice told reporters, referring to Guinea, Liberia and...

  • *Talks to unblock Russia gas supply to Kiev resume Thursday. BRUSSELS/ KIEV, Oct 30- Ukraine and the European Union have agreed that the EU's executive arm will serve as guarantor in any agreement for Russia to supply Ukraine with gas, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday. EU-hosted talks to unblock deliveries of Russian gas to Ukraine will...

  • MOSCOW, Oct 30- Ukraine and Russia have failed to reach a gas agreement at their overnight talks with the European Union, with more negotiations to take place Thursday evening, the news agency RIA Novosti cited Russian Energy Minister Alexander Novak as saying. "The negotiations are not yet over, we've just finished a long discussion on documents that must be...

  • FACTBOX-Fragmented BOJ board, profile of policymakers Wednesday, 29 Oct 2014 | 5:30 PM ET

    TOKYO, Oct 30- Bank of Japan Governor Haruhiko Kuroda has been relentlessly optimistic about meeting the central bank's two-year, 2 percent inflation target, but a deeply fragmented board does not necessarily share his conviction. HARUHIKO KURODA, 70, GOVERNOR Kuroda was running the Asian Development Bank when he was handpicked by Prime Minister Shinzo Abe...

  • BRUSSELS, Oct 29- Ukraine and Russia bargained late into the night on Wednesday but European Union officials trying to broker a deal to resume gas supplies to Kiev as winter sets in said there was still no accord to announce. With Kiev and Moscow locked in conflict over pro-Russian rebellions in Ukraine and over the former Soviet state's move to bind itself...

  • *Current low oil prices do not reflect fundamentals, OPEC says. Benchmark Brent crude oil for December settled up $1.09 at $87.12 a barrel, after touching an intraday high of $87.94. "I think the numbers are supportive, and suggest there's no big surplus of oil forming in any place," said Dominick Chirichella, senior partner at the Energy Management Institute in New...

  • BERLIN, Oct 29- Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts. "Let's make a joint contribution to more transparency and fairness in our globalised 21st century," Wolfgang Schaeuble told a...

  • *OPEC says fundamentals do not reflect low oil prices. Benchmark Brent crude oil for December was up $1.73 at $87.76 a barrel at 11:41 a.m. after touching an intraday high of $87.94. Crude inventories in the United States rose by 2.1 million barrels in the last week, compared with analysts' expectations for an increase of 3.4 million barrels, data from the...

  • LONDON, Oct 29- Pierre Andurand, one of the most respected and successful fund managers in the oil industry, said he believed U.S. light crude oil could fall as low as $50 per barrel. Andurand told the Oil and Money conference that he thought it unlikely that OPEC would cut production, even though current supply and demand trends suggested the market could be in a 2...

  • *OPEC fine for 2014 with average prices, sec gen says. *OPEC must be ready to pump 40 mln bpd by 2040. Oil's drop below the $100- mark, the level many OPEC members had endorsed, has raised the question of whether OPEC will cut supply when it meets in November.

  • MOSCOW, Oct 29- Russian natural gas producer Gazprom said on Wednesday it had failed to reach a deal at talks with the European Commission on the Opal gas pipeline and wants new negotiations. The European Union executive had delayed until at least the end of this month a decision on whether to allow Russia greater access to the pipeline in northeastern Germany.

  • UPDATE 4-Oil rises to $87 ahead of Fed statement Wednesday, 29 Oct 2014 | 7:40 AM ET

    *OPEC sec gen says fundamentals do not reflect low oil price. LONDON, Oct 29- Brent crude oil rose to $87 a barrel on Wednesday as traders anticipated that the Federal Reserve would keep U.S. interest rates low, putting pressure on the dollar. Brent crude for December was up 95 cents at $86.98 a barrel by 1125 GMT, after touching a high above $87.