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  • *Oil prices slide as OPEC opts not to cut output. LONDON, Nov 27- Gold eased on Thursday, hurt by a sharp drop in oil prices, strength in the dollar and fresh outflows from bullion-backed funds, with traders cautious ahead of this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.3 percent at $1,193.85 an ounce at 1549 GMT, while U.S. gold...

  • Russia's Rosneft says OPEC decision won't affect its work Thursday, 27 Nov 2014 | 11:12 AM ET

    MOSCOW, Nov 27- Russia's top oil producer Rosneft said on Thursday that a decision by OPEC to leave its output unchanged despite flagging oil prices would not affect the work of the company. "Rosneft has a sufficient safety margin, given the fact that net production cost is the lowest in the world-- just above 4 dollars/ barrel." Earlier on Thursday, Gulf oil producers...

  • BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...

  • VIENNA, Nov 27- OPEC oil producers agreed on Thursday to keep their official joint production target at 30 million barrels per day, the 12- member group said in a statement at the end of their biannual meeting in Vienna. The Organization of the Petroleum Exporting Countries, which met after oil prices had fallen by more than 30 percent in five months, expressed...

  • U.S. crude oil falls to 4-1/2 year low of $70.75 a barrel Thursday, 27 Nov 2014 | 10:44 AM ET

    CRUDE OIL FALLS TO 4-1/ 2 YEAR LOW OF $70.75 A BARREL@. CALGARY, Alberta, Nov 27- U.S. crude oil futures fell nearly $3 to $70.75 per barrel on Thursday, its lowest since June 2010, after the OPEC producer group decided not to cut crude production despite global oversupply. OPEC Secretary-General Abudulla al-Badri said the organization has "no target price", when asked...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • *Norwegian crown hit as OPEC keeps oil output unchanged. LONDON, Nov 27- The euro fell against the dollar on Thursday after data showed German inflation sinking to its lowest since February 2010 in November, reinforcing bets the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown slid crown slid 1 percent to 8.6190 per...

  • UPDATE 5-Saudis win case for no OPEC output cut Thursday, 27 Nov 2014 | 10:24 AM ET

    *Naimi says OPEC made "great decision". *Venezuela, Algeria saw need for OPEC to reduce output. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia on Thursday won the case for keeping OPEC output unchanged, overriding calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • Rouble weakens as oil ministers indicate no OPEC cut Thursday, 27 Nov 2014 | 10:11 AM ET

    MOSCOW, Nov 27- Russia's rouble weakened on Thursday after the oil ministers of Saudi Arabia and Kuwait said the OPEC oil producers' group had decided not to cut output at a meeting in Vienna.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets. Benchmark Brent futures were down by $2.50 a barrel at $75.25 by 1500 GMT, after hitting a low of $74.36, their lowest since August 2010.

  • OPEC makes "no change", Kuwait oil minister says Thursday, 27 Nov 2014 | 10:06 AM ET

    VIENNA, Nov 27- The Organization of the Petroleum Exporting Countries has made "no change" to its output policy, Kuwaiti Oil Minister Ali Saleh al-Omair said after the group held a meeting on Thursday.

  • OPEC decides not to cut oil output-Saudi's Naimi Thursday, 27 Nov 2014 | 10:04 AM ET

    VIENNA, Nov 27- Saudi Oil Minister Ali al-Naimi told reporters on Thursday that OPEC will not cut its oil output. "That is right," Naimi told reporters in response to a question on whether OPEC had decided not to cut oil supplies. He was speaking after a five hour meeting of the producer group broke up.

  • RUSSIAN ROUBLE WEAKENS AFTER SAUDI OIL MIN INDICATES OPEC WILL NOT CUT PRODUCTION.

  • *Latest setback for Google already mired in privacy, other issues. BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging anti-trust regulators to break up Google, the latest setback for the world's most popular Internet search engine. Google has been in the EU's regulatory sights since 2010, and is also grappling with...

  • UPDATE 4-Gulf states seek to block OPEC oil output cut Thursday, 27 Nov 2014 | 9:06 AM ET

    *Venezuela, Algeria see need for OPEC to reduce output. *Saudis want lower prices to slow U.S. boom- OPEC watchers. VIENNA, Nov 27- Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters' group for action to halt a slide in crude prices.

  • MOSCOW, Nov 27- The rouble strengthened on Thursday as OPEC met to discuss whether it would cut output to boost flagging oil prices. The rouble shrugged off declines in Brent crude, which touched a four-year low around $76 a barrel on expectations the Organization of Petroleum Exporting Countries would not agree to cut production when it met in Vienna on...

  • LONDON, Nov 27- The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply,...

  • BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up. The resolution did not mention Google or any specific search engine, though Google is by far the dominant provider of such services in Europe with an...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...