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World Economy International Organizations

  • *OPEC delivers 82 pct of pledged supply cut-Reuters survey. LONDON, Feb 1- Oil rose to around $56 a barrel, supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories curbed Wednesday's gains. A day earlier, a Reuters survey found high compliance by OPEC with agreed...

  • *Output 159,000 bpd above OPEC target in Reuters survey. LONDON/ DUBAI, Feb 1- Iraq significantly reduced oil output in January, according to industry sources and export data on Wednesday, but has yet to reach levels expected by OPEC from its second largest producer. While Iraq's production did indeed fall by 200,000 bpd, according to the Reuters survey it dropped...

  • LONDON, Feb 1- Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country's insistence for three decades it would never play the role again. Saudi Arabia and its allies in the Gulf Cooperation Council account for the majority of production cuts made so far under the OPEC and non- OPEC accords reached in November and...

  • *OPEC delivers 82 pct of pledged supply cut-Reuters survey. LONDON, Feb 1- Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories limited gains. A day earlier, a Reuters survey found high compliance by OPEC with...

  • *PM May says Britain aims to end EU court control. LUXEMBOURG, Feb 1- Britain's withdrawal from the European Union seems likely to end up under review by the EU's top court, which might insist on changes to any Brexit treaty, its chief justice told Reuters in an interview. Koen Lenaerts, president of the Court of Justice of the European Union, stressed that the...

  • BRUSSELS, Feb 1- The European Union and Mexico have set two new rounds of trade talks in the first half of 2017, an acceleration of negotiations to deepen economic ties in the wake of Donald Trump's inauguration as U.S. president. The European Commission said on Wednesday that EU Trade Commissioner Cecilia Malmstrom and Mexican Economy Minister Ildefonso...

  • ANTWERP, Feb 1- An extension of OPEC oil production cuts could push oil prices too high to meet Saudi Arabia and others' objective of balancing the market without encouraging U.S. shale output, Gunvor's head of oil market research said on Wednesday. The Organization of the Petroleum Exporting Countries had already begun to achieve some of its aims, creating a...

  • DAR ES SALAAM, Feb 1- Tanzania says its economy probably grew at a less speedy rate than it had hoped last year, slowed by poor-performing agriculture and less demand from its big trading partners. "A new assessment carried out by the government in collaboration with the International Monetary Fund shows that the projected economic growth might not be achieved,"...

  • *OPEC delivers 82 pct of pledged supply cut-Reuters survey. LONDON, Feb 1- Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on promised supply reductions, although a report showing a large rise in U.S. crude inventories limited gains. A day earlier, a Reuters survey found high compliance by OPEC with...

  • *OPEC cut over 1 million bpd between December and January. *But rising U.S. crude stocks undermine OPEC efforts. SINGAPORE, Feb 1- Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices.

  • *OPEC cut over 1 million bpd between December and January. *But rising U.S. crude stocks undermine OPEC efforts. SINGAPORE, Feb 1- Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices.

  • *OPEC cut over 1 million bpd between December and January. *But rising U.S. crude stocks, production undermine OPEC efforts. SINGAPORE, Feb 1- Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC- led production cut, but prices remained within a narrow trading band that has been in place since late January.

  • SINGAPORE, Feb 1- Oil dipped on Wednesday, weighed by ongoing high supplies despite an OPEC- led production cut, but prices remained within a narrow range that has bound the market since late January. A Reuters survey published late on Tuesday showed that OPEC's output fell by over 1 million bpd in January to 32.27 million bpd between December and January.

  • BRUSSELS, Feb 1- The European Union clinched a preliminary deal early on Wednesday to cap wholesale charges telecom operators pay each other when their customers use their mobile phones abroad, paving the way for the abolition of roaming fees in June. The caps on wholesale roaming charges were the last piece of the puzzle needed for the abolition of retail...

  • SEOUL, Feb 1- South Korean exports to China and the European Union expanded in January compared to a year earlier, while shipments to the United States fell, according to trade ministry data released on Wednesday. Exports to China jumped 13.5 percent year-on-year for a third straight month, while shipments to the EU grew 13.4 percent. South Korean exports to the...

  • BRUSSELS, Feb 1- The European Union clinched a preliminary deal early on Wednesday to cap wholesale charges telecom operators pay each other when their customers use their phones abroad, paving the way for the abolition of roaming fees in June, the European Commission's digital chief said on Twitter. The caps on wholesale roaming charges were the last piece of...

  • *But deal value rose to $395 billion. While the number of deals in 2016 dropped year-on-year by 27 percent, their value rose to $395 billion from $340 billion in 2015.. Executives' appetite for acquisition clearly grew after OPEC and major non- OPEC oil producers agreed to cut output in November, boosting prices and instilling confidence that a recovery was under...

  • *But deal value rose to $395 billion. While the number of deals in 2016 dropped year-on-year by 27 percent, their value rose to $395 billion from $340 billion in 2015.. Executives' appetite for acquisition clearly grew after OPEC and major non- OPEC oil producers agreed to cut output in November, boosting prices and instilling confidence that a recovery was under...

  • *OPEC achieves 82 percent compliance with output cuts. NEW YORK, Jan 31- Oil prices rose on Tuesday on a weak U.S. dollar and news that the world's top producers cut production this month more than forecasters had expected. "This is very high, a good number," an OPEC source said of the January compliance estimate.

  • *OPEC achieves 82 percent compliance with output cuts. NEW YORK, Jan 31- Oil prices rose on Tuesday on a weak U.S. dollar and news that the world's top producers cut production this month more than forecasters had expected. "This is very high, a good number," an OPEC source said of the January compliance estimate.