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  • Jan 5- The following table shows OPEC crude oil output in millions of barrels per day in December and November, according to a Reuters survey published on Tuesday. OPEC at a Dec. 4 meeting scrapped its supply target of 30 million bpd, which it had been exceeding for months. Indonesia, which rejoined OPEC on Dec. 4, will be included in the January survey.

  • OPEC December oil output slips, still near record Tuesday, 5 Jan 2016 | 9:30 AM ET

    *OPEC output up almost 1.40 mbpd since 2014 policy shift. LONDON, Jan 5- OPEC oil output fell in December, a Reuters survey found on Tuesday, led by lower supply from Iraq following a record-breaking month in November and smaller declines elsewhere in the producer group. OPEC supply fell in December to 31.62 million barrels per day from a revised 31.79 million in...

  • CLECKHEATON, England, Jan 5- Eric Simpson, the owner of a furniture recycling firm in northern England, once believed in the European Union. Now he's unsure how to vote in a referendum on Britain's future in the bloc, reflecting growing doubts among the business community. But sitting in the showroom of his Over2Hills business in the Yorkshire town of Cleckheaton,...

  • Jan 4- Crude oil prices are unlikely to rally much in 2016 as subdued demand growth looks unable to absorb rising supply from the likes of Iran and Iraq, even though non- OPEC output is expected to moderate, a Reuters poll showed on Monday. The average 2016 price for benchmark North Sea Brent crude futures was forecast at $52.52 a barrel, $5.43 below the previous...

  • LONDON, Jan 4- The majority of big British businesses that favour Britain remaining in the European Union has dwindled over the last six months, according to a quarterly survey of chief financial officers published on Monday. Accountancy firm Deloitte said 62 percent of CFOs from FTSE 350 and other large private companies backed Britain's continued...

  • UPDATE 3-Brent oil prices retreat towards 11-year lows Wednesday, 30 Dec 2015 | 4:41 AM ET

    Benchmark Brent, near $37 per barrel, traded just $1 away from those lows reached last week as the primary supportive factor- an expected cold snap in Europe and the United States- was forecast to be short-lived. Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the Petroleum Exporting Countries, Russia and the...

  • Global growth will be disappointing in 2016: Lagarde Wednesday, 30 Dec 2015 | 4:16 AM ET
    IMF Managing Director, Christine Lagarde, speaks during a press conference after meeting ministers and officials from the Gulf Cooperation Council (GCC) on November 8, 2015.

    Global economic growth will be "disappointing" next year, the head of the IMF said in a guest article for German newspaper Handelsblatt.

  • European shares dragged down by weak commodity prices Wednesday, 30 Dec 2015 | 4:03 AM ET

    *FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.8 pct. Britain's FTSE 100 index of leading shares fell 0.8 percent while Germany's DAX retreated by 0.6 percent. Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the Petroleum Exporting Countries, Russia and the United States led to a global surplus of between half a...

  • BERLIN, Dec 30- Global economic growth will be "disappointing" next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to...

  • NEW YORK/ LONDON, Dec 29- Oil prices jumped 3 percent on Tuesday, recouping the previous day's loss as colder weather encouraged buyers, but traders said prices remained under pressure due to slowing global demand and abundant supplies from OPEC members. Global oil benchmark Brent and U.S. crude's West Texas Intermediate futures settled up more than $1 a barrel,...

  • NEW YORK/ LONDON, Dec 29- Oil jumped more than $1 a barrel on Tuesday as colder weather prompted buying a day after prices slid 3 percent, but slowing global demand and abundant supplies from OPEC members will continue to pressure the market, traders said. A Reuters poll suggested that stockpiles fell 2.5 million barrels last week ahead of inventory reports from...

  • *Iran on track to raise supply next year. NEW YORK/ LONDON, Dec 29- Oil prices jumped about $1 a barrel on Tuesday, as prospects of colder weather in coming weeks inspired buying a day after prices slid 3 percent, but slowing global demand and abundant supplies from OPEC members kept energy markets bearish. A Reuters poll suggested that stockpiles fell 2.5 million...

  • *Demand is slowing in Europe and China. LONDON, Dec 29- Oil prices rose by $1 a barrel on Tuesday in thin trade amid prospects of colder weather in coming weeks but the outlook for 2016 remained bearish due to slowing global demand and abundant supplies from OPEC members. Both crude benchmarks are down by more than two-thirds since mid-2014 on U.S. shale oil output...

  • DUBAI, Dec 29- Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low oil prices. The OPEC heavyweight shows no signs of wavering in the long-term oil strategy it has orchestrated since last year. "Saudi Arabia more than anyone else has the capacity to wait out the market...

  • West Texas Intermediate futures were trading at $36.75 per barrel at 0105 GMT, down 6 cents from Monday's close. While output from exporters like Russia, the Organization of the Petroleum Exporting Countries and U.S. shale drillers has been at or near record highs, demand has so far held up strong, preventing oil prices from falling even lower.

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • *Budget a key condition for unlocking IMF credit. KIEV, Dec 25- Ukraine's parliament approved a budget for 2016 on Friday, a key condition to secure the next tranche of financial aid under a $17.5 billion International Monetary Fund loan package as the embattled country teeters close to bankruptcy. The International Monetary Fund has said it was critical to...

  • Ukraine parliament approves 2016 state budget Thursday, 24 Dec 2015 | 9:12 PM ET

    KIEV, Dec 25- Ukraine's parliament approved a budget for 2016 on Friday, a key condition to secure the next tranche of financial aid under a $17.5 billion International Monetary Fund loan package. Lawmakers had approved a series of laws before the budget vote, including an amendment to tax laws, reducing the tax on employers and unifying the tax rate on personal...

  • *Rome wants "change of attitude" from Brussels, partners. ROME, Dec 24- Italy is not getting enough respect from the European Commission or its partners and it is determined to convince the European Union to adopt bolder, more growth-friendly policies, Rome's top EU affairs official said on Thursday. If such decisions continue to go against Italy, Rome "has the option...