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  • ABU DHABI, Dec 21- OPEC Secretary-General Abdullah al-Badri told Reuters on Sunday he hoped to see a recovery in the price of oil by the end of the second half of 2015.. "We hope the price would rebound by the end of the second half of 2015," he said. "We can't see the market now, we have to wait until the end of the second half of 2015 to see how the market react to these low...

  • OPEC SEC-GEN BADRI: WE HOPE OIL PRICE WILL REBOUND BY END OF SECOND HALF OF 2015.

  • ABU DHABI, Dec 21- Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non- OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut."

  • ATHENS, Dec 21- Greek Prime Minister Antonis Samaras offered to bring pro-European independents into the government on Sunday and held out the prospect of new elections in late 2015 in exchange for backing by lawmakers to elect a new president. Speaking in an unscheduled television address on Sunday, he said Greece had a duty to finish negotiations with the...

  • ABU DHABI, Dec 21- Saudi Arabian Oil Minister Ali al-Naimi said on Sunday the kingdom would not reduce production to prop up petroleum markets even if non- OPEC nations cut output. "If they want to cut production they are welcome, we are not going to cut, certainly Saudi Arabia is not going to cut," he said. He added he was "100 percent not pleased" with oil prices.

  • WASHINGTON, Dec 21- U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis. Obama, in an interview with Candy Crowley on CNN's "State of the Union" program...

  • *Forty pct of Israelis can't make ends meet- official data. JERUSALEM, Dec 21- Israel's high cost of living is set to dominate a March 17 election that could shake up Prime Minister Benjamin Netanyahu's coalition, with voter anger symbolized by an overpriced dessert. We have a moment to change the direction Israel goes, "said Naor Narkis, a 25- year-old former...

  • SAUDI'S NAIMI SAYS SAUDI ARABIA WILL NOT CUT OIL PRODUCTION EVEN IF NON-OPEC PRODUCERS CUT.

  • SAUDI'S NAIMI SAYS "100 PCT NOT PLEASED" WITH OIL PRICE FALL, PRICES WILL IMPROVE BUT UNCLEAR WHEN.

  • OBAMA TELLS CNN RUSSIA'S PUTIN IS PRESIDING OVER COLLAPSE OF RUSSIAN CURRENCY, FINANCIAL CRISIS AND HUGE ECONOMIC CONTRACTION.

  • SEOUL, Dec 21- Seoul prosecutors have launched an investigation into a leak of non-critical data at South Korea's nuclear power operator, the prosecutors' office said on Sunday, as worries mount about nuclear safety and potential cyberattacks from North Korea. Concern over potential cyberattacks from North Korea has got worldwide attention since the...

  • ABU DHABI, Dec 21- The United Arab Emirates oil minister urged all of the world's producers on Sunday not to raise their oil output next year, saying this would quickly stabilise prices. "We invite everyone to do what OPEC did and take a step to balance the market through not offering additional products in 2015, and if everyone abides by OPEC decision, the market...

  • SAUDI OIL MINISTER NAIMI SAYS "LET THE MOST EFFICIENT PRODUCERS PRODUCE".

  • At a meeting in November, OPEC kept its target output of 30 million barrels per day unchanged, leaving the market to balance itself without the group's intervention. That stance was seen as a shift from a longstanding policy in which OPEC powerhouse Saudi Arabia acts as a swing supplier. Speaking in Abu Dhabi, the capital of the United Arab Emirates, he said: "The talk...

  • KYBARTAI, Lithuania, Dec 21- Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. Tensions with Moscow have simmered ever since Lithuania became the first republic to declare independence from the Soviet Union in 1990, although only 6 percent of the population are Russian speakers, far fewer...

  • *Metro Bank broke mould by using software supplier. LONDON, Dec 21- When Metro Bank prepared to launch in 2010 as the first new bank to appear on British high streets for over a century, its founders broke with convention by outsourcing the construction of its computer systems. "That's the way the whole process developed in America," said Metro Bank co-founder Vernon...

  • ABU DHABI, Dec 21- Iraq Oil Minister Adel Abdel Mahdi said on Sunday Iraq's total oil production would reach four million barrels per day after Baghdad reached an agreement on exports with Kurdish regional authorities. Mahdi made the remarks in a speech at a conference in Abu Dhabi. Iraq's government reached a temporary agreement with Kurdish regional...

  • IRAQ OIL MIN SAYS TOTAL PRODUCTION TO REACH 4 MBPD AFTER REACHING EXPORTS ACCORD WITH KURDISH REGION.

  • DUBAI, Dec 21- Saudi Arabia's oil minister said on Sunday non-cooperation by producers outside of the Organisation of the Petroleum Exporting Countries and the actions of speculators had led to the oil price fall, but he was confident the market would improve. In a speech in Abu Dhabi, the minister, Ali al-Naimi, denied politics played a role in the kingdom's oil...