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  • *Saudi-led OPEC focus to remain, safeguarding market share. NEW YORK, Jan 23- U.S. crude fell modestly on Friday while global Brent gained support from market uncertainty over the future of Saudi oil production following King Abdullah bin Abdulaziz's death. Brent was up 30 cents at $48.82 by 11:20 a.m. EST, while U.S. crude fell 21 cents to $46.10.

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • DUBAI, Jan 23- Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the OPEC group of oil-exporting countries. The 79- year-old Naimi has been a leading figure in the market for two decades and successfully argued in November that...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • *Saudi-led OPEC focus set to stay on retaining market share. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to $49.25 by 1335 GMT. Hans van Cleef, senior energy economist with ABN Amro, said the initial rally after King Abdullah's death was due to uncertainty over succession and Saudi oil policy.

  • BRUSSELS, Jan 23- Greece will have to ask for a new extension to its euro zone bailout programme before 1.8 billion euros in pending aid can be paid, a senior euro zone official said on Friday, stressing that a new government must first be in place to do so. Although the International Monetary Fund will continue to back Athens, the country needs to be under an European...

  • *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Oil prices jumped on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Brent crude futures rose to $49.70 a barrel by 0808 GMT, up $1.18 a barrel.

  • BRUSSELS, Jan 23- EU finance ministers will discuss on Tuesday offering additional money to help save Ukraine from bankruptcy, potentially increasing its original plan to as much as 2.5 billion euros, diplomats told Reuters. Ukraine, fighting a costly war against pro-Russian separatists, is relying on a lifeline from the International Monetary Fund...

  • BRUSSELS, Jan 23- The European Union will discuss on Tuesday increasing the bloc's emergency aid to Ukraine to as much as 2.5 billion euros, more than the 1.8 billion euros already proposed by the European Commission, diplomats said. EU finance ministers will consider raising the amount at their meeting in Brussels. The medium-term loans would be for this year...

  • *Saudi-led OPEC has kept output steady in fight for market share. While the new king is not seen as likely to change Abdullah's policies of keeping output high to protect the OPEC cartel's market share, some analysts said the succession has focused attention on the future of the oil minister Ali Al-Naimi. "King Abdullah was the architect of the current strategy to...

  • *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Sauid Arabia's new king is expected to stick to an OPEC policy of keeping oil output steady to protect the cartel's market share from rival producers, even as energy markets face some of the biggest shifts in decades. Saudi Arabia's King Abdullah died early on Friday and his brother...

  • *U.S. shale boom has challenged OPEC's dominance. *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

  • *U.S. shale boom has challenged OPEC's dominance. *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Oil prices jumped in early Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

  • COLUMN-ECB QE, small but imperfectly formed: James Saft Thursday, 22 Jan 2015 | 4:58 PM ET

    Jan 22- QE, European Central Bank style, passed the markets test but will have a harder time doing as well for the euro zone economy or the currency union project. Mario Draghi's plan to buy 60 billion euros a month of bonds met with success on narrow but important terms: driving euro zone stocks to a seven-year high and shaving two cents off the amount the euro...

  • Gunvor: no rebound to $100 oil, contango to deepen Thursday, 22 Jan 2015 | 10:18 AM ET

    AMSTERDAM, Jan 22- Oil trader Gunvor's head of analysis said on Thursday crude was unlikely to return to $100 a barrel in the foreseeable future, but prices were expected to be volatile as traders sought to move oil into storage during the current glut. David Fyfe, formerly research chief at the International Energy Agency, said OPEC would not want to see a return to...

  • OPEC's Badri says oil won't fall to $20 - Bloomberg Thursday, 22 Jan 2015 | 9:45 AM ET

    LONDON, Jan 22- Oil prices will not fall to $20 or $25 a barrel, OPEC Secretary-General Abdullah al-Badri said in an interview with Bloomberg. "The price will not go to $20 or $25, I think the price will stay at where we are now," Badri said, Bloomberg reported. Producers outside the Organization of Petroleum Exporting Countries should be first to reduce their output to...

  • TOKYO, Jan 22- U.S. crude futures fell more than 1 percent on Thursday, giving up almost half the gains from the previous session, after OPEC defended its decision not to intervene to stop a collapse in oil prices since the middle of last year. *OPEC defended on Wednesday its decision not to intervene to halt the oil price plunge, shrugging off warnings by top energy...

  • CARACAS, Jan 21- President Nicolas Maduro was set to make announcements on Venezuela's economy in his annual speech to parliament on Wednesday, after several delays to promised measures to shore up the recession-hit OPEC country. Economists guess Venezuela may devalue its bolivar currency, since Maduro has spoken about making unspecified changes to the...

  • DAVOS, Switzerland, Jan 21- Ukraine has requested a longer term funding programme from the International Monetary Fund and also plans to talk with holders of its sovereign debt with a view to improving debt sustainability, Finance Minister Natalie Jaresko said. "In view of our overall economic and financial situation, Ukraine is requesting an Extended Fund...

  • DAVOS, Switzerland, Jan 21- The International Monetary Fund will support a bigger, longer-term funding plan for Ukraine than its current programme in return for agreed structural economic and fiscal reforms, IMF Managing Director Christine Lagarde said on Wednesday. Speaking after talks with Ukrainian President Petro Poroshenko, who made the request,...