*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...» Read More
CEO OF RUSSIA'S GAZPROM SEES SOME, "NOT INSIGNIFICANT" RISKS FOR GAS TRANSIT TO EUROPEAN UNION.
*Sunni Islamists solidify grip on northern Iraq. LONDON, June 16- Brent crude rose towards $113 a barrel on Monday after a strong rally last week, as Sunni insurgents advanced in Iraq, intensifying concerns over a potential disruption to oil exports from the second-largest OPEC producer.
VIENNA, June 16- European Energy Commissioner Guenther Oettinger said on Monday that Ukraine intended to fill its gas transit commitments to the European Union and he was also confident Russia would meet its gas supply pledges to the EU.
*Sunni Islamists solidify grip on northern Iraq. SINGAPORE, June 16- Brent crude rose to a near nine-month high above $113 per barrel on Monday as Sunni insurgents advanced in Iraq, intensifying concerns over a potential disruption to oil exports from the second-largest OPEC producer.
*Sunni Islamists solidify grip on northern Iraq. SINGAPORE, June 16- Brent crude rose above $113 per barrel to near a nine-month high on Monday as Sunni insurgents advanced in Iraq, intensifies concerns over a potential disruption to oil exports from the second-largest OPEC producer.
SEOUL, June 16- U.S. crude oil futures rose to a near nine-month high above $107 a barrel on Monday in Asian trade as an insurgency in Iraq intensifies concerns over a potential disruption to oil exports from the second-largest OPEC producer. On Friday, it rose as high as $107.68 before settling up 38 cents at $106.91 per barrel, the highest level since Sept. 18.
ZURICH, June 15- The United Nations is exploring the possibility of member states and private sector companies sponsoring the refurbishment of its European headquarters, the Palais des Nations in Geneva. Food group Nestle could be one of the companies involved, the head of the UN's Geneva office was quoted as saying in a newspaper interview.
WASHINGTON- International Monetary Fund releases its annual review of the U.S. economy- 1330 GMT. SANTANDER, Spain- Seminar on "The Europe left by the crisis". Speakers:- European Commission President Jose Manuel Durao Barroso, Spain's Economy Minister Luis de Guindos and Bank of Spain Deputy Governor Fernando Restoy.
*IEA plays down risk of sudden Iraq export hit. NEW YORK, June 13- Oil prices rose to new nine-month highs on Friday as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer.
WASHINGTON, June 13- The U.S. economic recovery should accelerate in coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fastest pace in a decade, the Organization for Economic Cooperation and Development said on Friday.
*China launches anti-dumping probe into dialysis kit makers. SHANGHAI, June 13- China on Friday launched an anti-dumping investigation into makers of blood dialysis equipment in the European Union and Japan, including market leader Fresenius Medical Care AG& Co KGaA, challenging the international firms who currently dominate the global and Chinese markets.
*IEA warns of need for more OPEC oil. *OPEC says oil markets will be balanced with ample supply. LONDON, June 13- Brent crude oil hit a nine-month high near $115 a barrel on Friday as the United States threatened military action against Islamist militants who have taken towns and cities in Iraq, raising concerns over its oil exports.
*Hollande says France still matters in EU. *Diplomats, ministers say Paris absent on key issues. That is precisely what French President Francois Hollande did at a meeting of European Union leaders last month after his Socialist party's humiliating defeat by the hard right National Front in European Parliament elections.
Ambassador to the United Nations Samantha Power came just days after a coalition of 45 organizations providing humanitarian aid or supporting peace efforts in Sudan wrote to the U.N. Security Council, African Union and Arab League demanding an end to attacks on civilians.
*Brent spikes over $113 on Iraq supply worries; US over $106. NEW YORK, June 12- Oil prices jumped to nine-month highs on Thursday, as concerns mounted that escalating violence in Iraq could disrupt oil supplies from the second-largest OPEC producer.
UNITED NATIONS, June 12- The top U.N. official in Iraq told the U.N. Security Council on Thursday there was no immediate danger of violence spreading to Baghdad, but that the northern offensive by Islamist rebels posed a great threat to the country's sovereignty, diplomats said.
*Brent hits six-month high over $112 on Iraq supply worries. NEW YORK, June 12- Oil prices jumped to the highest level this year on Thursday on growing concerns that escalating violence in Iraq could disrupt oil supplies from the second-largest OPEC producer.
BUCHAREST, June 12- The IMF has postponed a review of Romania's 4 billion euro aid deal until November, Prime Minister Victor Ponta said on Thursday, giving the country leeway in drafting a deficit-cutting 2015 budget in an election year.
*Brent hits 3- month high over $112 on Iraq supply worries. NEW YORK, June 12- Brent crude oil jumped 2 percent to above $112 a barrel on Thursday on mounting concerns that escalating violence in Iraq could disrupt oil supplies from the second-largest OPEC producer.
LUXEMBOURG, June 12- A compromise deal to give European Union states the option of banning genetically modified crops won approval from EU environment ministers on Thursday, bringing the EU closer to ending years of deadlock over GM cultivation.