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World Economy International Organizations

  • *OPEC achieves 82 percent compliance with output cuts. NEW YORK, Jan 31- Oil prices rose nearly 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank. "This is very high, a good number," an OPEC source said of the January compliance estimate.

  • *OPEC supply falls by 1.07 million bpd to 32.27 million bpd. Supply from the 11 OPEC members with production targets under the deal has averaged 30.01 million bpd, according to the survey based on shipping data and information from industry sources, down from 31.17 million bpd in December. Compared with the levels that the countries agreed to make the reductions...

  • AMSTERDAM, Jan 31- The European Union will have to establish new trading partnerships if its traditional economic and political ally the United States heads down a path of protectionism, Eurogroup President Jeroen Dijsselbloem said on Tuesday. "Europe must not sit back and blindly wait for what happens in the United States, but move ahead itself, also in the area...

  • HOUSTON, Jan 31- Exxon Mobil Corp, the world's largest publicly traded oil producer, boosted its 2017 capital budget on Tuesday by about 14 percent, betting that crude prices will continue to rise and that OPEC will honor its production curtailment agreement. Exxon said it will increase spending to about $22 billion this year from $19.3 billion in 2016.

  • *OPEC achieves 82 percent compliance with output cuts. LONDON, Jan 31- Oil prices rose on Tuesday after news OPEC oil production has fallen sharply this month, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years. A Reuters survey showed on Tuesday crude oil supply from the 11 OPEC members with production targets...

  • AMSTERDAM, Jan 31- The European Union will have to establish new global trading partnerships if its traditional economic and political ally the United States heads down a path of protectionism, Eurogroup President Jeroen Dijsselbloem said on Tuesday. "We don't yet know if that is going to happen," Dijsselbloem told the RTL broadcaster. "Europe must not sit back...

  • *OPEC achieves 82 percent compliance with cuts. LONDON, Jan 31- Oil prices rose on Tuesday after news OPEC oil production has fallen by more than 1 million bpd this month, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years. A Reuters survey showed on Tuesday crude oil supply from the 11 OPEC members with...

  • *OPEC supply falls by 1.07 million bpd to 32.27 million bpd. Supply from the 11 OPEC members with production targets under the deal has averaged 30.01 million bpd, according to the survey based on shipping data and information from industry sources, down from 31.17 million bpd in December. Compared with the levels that the countries agreed to make the reductions...

  • *OPEC cuts support, but rising U.S. output caps prices. LONDON, Jan 31- Oil prices steadied on Tuesday as rising U.S. drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market. OPEC's oil production has fallen by more than 1 million bpd this month, a Reuters survey showed on Tuesday, pointing to a strong start by the...

  • *Euro zone Jan inflation 1.8 pct, highest since Feb 2013. BRUSSELS, Jan 31- Euro zone inflation jumped in January, economic growth picked up and unemployment fell to a seven-year low, but the rebound looks unlikely to prompt any early rethink of the ECB's stimulus programme as rises in core prices were modest. Inflation in the 19 countries sharing the euro...

  • Jan 31- Oil markets are starting to tighten, prompting industry analysts to raise their 2017 price forecasts, but they remain cautious that rising U.S. production could offset any major price gains from OPEC'S output deal. Brent crude futures will average $58.01 a barrel in 2017, according to a Reuters poll of 31 analysts and economists. The current forecast is...

  • Supply from the 11 OPEC members with production targets under the deal in January has averaged 30.01 million bpd, according to the survey based on shipping data and information from industry sources, down from 31.17 million bpd in December. Compared with the levels that the countries agreed to make the reductions from, in most cases their October output, this...

  • Jan 31- The following table shows OPEC crude oil output in millions of barrels per day in January and December, according to a Reuters survey published on Tuesday. OPEC started reducing its output by about 1.20 million bpd on Jan. 1 in its first supply cut decision since 2008 to prop up prices. December's total was revised down because Venezuelan output was lower...

  • OPEC MEMBERS SUBJECT TO SUPPLY CUT TARGETS ACHIEVE 82 PERCENT.

  • OPEC JANUARY OIL OUTPUT FALLS 1.07 MILLION BPD MONTH/MONTH TO.

  • NEW DELHI, Jan 31- India's growth rate will slow by up to half a percentage point due to the government's decision to scrap high-value banknotes, the top finance ministry economist said on Tuesday, challenging independent estimates of a far bigger impact. Chief Economic Adviser Arvind Subramanian rejected the view of the International Monetary Fund, where he...

  • CAIRO, Jan 31- A delegation from the International Monetary Fund has arrived in Egypt to prepare for a review required before disbursing the second installment of a three-year $12- billion loan, sources at the Finance Ministry told Reuters on Tuesday. The IMF said earlier this month that Egypt was on track to receive the second tranche, expected to be $1.25...

  • CAIRO, Jan 31- A delegation from the International Monetary Fund has arrived in Egypt to prepare for a review required before disbursing the second installment of a $12- billion loan, sources at the Finance Ministry told Reuters on Tuesday.

  • *OPEC cuts support, but rising U.S. output caps prices. LONDON, Jan 31- Oil prices slipped on Tuesday as rising U.S. drilling activity undermined efforts by OPEC and other producers to cut output in a move to prop up the market. Support from OPEC cuts and pressure from shale are still dominating the global oil market, keeping Brent close to $55 a barrel and U.S. crude not...

  • SINGAPORE, Jan 31- Oil prices dipped on Tuesday as rising U.S. drilling activity undermined efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.13 per barrel at 0752 GMT, down 10 cents from their last close. U.S. investment bank Jefferies said on Tuesday...