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World Economy International Organizations

  • OPEC MEMBERS SUBJECT TO OIL SUPPLY TARGETS ACHIEVE 95 PCT OF PLEDGED CUTS IN MAY- REUTERS SURVEY.

  • OPEC MAY OIL OUTPUT RISES 250,000 BPD MONTH/MONTH TO 32.22 MLN BPD ON HIGHER PRODUCTION IN NIGERIA, LIBYA- REUTERS SURVEY.

  • *Russia's May oil output in line with OPEC deal- sources. LONDON, May 31- Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fueling concerns that OPEC- led output cuts to reduce global inventories were being undermined by producers outside the deal. "Unless some bullish news stops this, prices...

  • OTTAWA, May 31- The Bank of Canada should keep interest rates low and Canada's federal government should be ready with more fiscal stimulus in the event of an economic downturn, the International Monetary Fund said on Wednesday in a report that reiterated warnings about Canada's hot housing market and high household debt. In an annual assessment of Canada's...

  • *Fed Beige Book expected at 2 p.m. ET. Oil prices fell by more than 2 percent to a three-week low, as rising Libyan production fueled concerns that OPEC- led output cuts are being undermined by several countries that are excluded from the deal. "We had the Memorial day weekend and volumes on Tuesday were low, so this is the first day that Wall Street is coming back in full...

  • *Russia's May oil output in line with OPEC deal- sources. LONDON, May 31- Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fuelling concerns that OPEC- led output cuts to reduce global inventories were being undermined by producers outside the deal. "Unless some bullish news stops this,...

  • *All three major Wall Street indexes, however, are poised to post gains for the month of May. *Oil prices fell by more than 2 percent as rising Libyan production fueled concerns that OPEC- led output cuts are being undermined by several countries that are excluded from the deal. *Traders currently see an 86.6- percent chance of a quarter-point rate hike by the Fed at...

  • *Russia's May oil output in line with OPEC deal- sources. *OPEC, non- OPEC want to institutionalise cooperation- Falih. LONDON, May 31- Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC- led output cuts on reducing global inventories were being undermined by producers...

  • MOSCOW, May 31- OPEC and non- OPEC countries are committed to bringing global oil inventories down to the industry's five-year average, Saudi Energy Minister Khalid al-Falih said on Wednesday, adding he saw the target being reached in the very near future. Speaking in Moscow after a meeting between OPEC and Russia, Falih and his Russian counterpart Alexander...

  • *Russia's May oil output in line with OPEC deal- sources. *OPEC, non- OPEC want to institutionalize cooperation- Falih. LONDON, May 31- Oil prices fell by 1 percent on Wednesday as rising Libyan production fueled concerns that OPEC- led output cuts are being undermined by several countries that are excluded from the deal.

  • *OPEC- led efforts already undercut by soaring U.S. output. SINGAPORE, May 31- Oil prices fell by one percent on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC- led production cuts aimed at tightening the market. Traders said the price declines were a result of higher output in conflict-torn Libya,...

  • *OPEC- led efforts already undercut by soaring U.S. output. SINGAPORE, May 31- Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC- led production cuts aimed at tightening the market. Traders said the price declines were a result of higher output in conflict-torn Libya, which was...

  • *OPEC- led efforts already undercut by soaring U.S. output. SINGAPORE, May 31- Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC- led production cuts aimed at tightening the market. Traders said the price declines were a result of higher output in conflict-torn Libya, which was...

  • SINGAPORE, May 31- Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC- led production cuts aimed at tightening the market. Libya's rising production adds to a rise in U.S. output, which largely thanks to shale oil drilling has jumped by more than 10 percent since the middle of last...

  • BRASILIA, May 30- Brazilian President Michel Temer on Tuesday sent a formal request to join the Organisation for Economic Co-operation and Development despite a corruption scandal that threatens to unseat him, the presidential palace said in a statement. Brazil's government also announced a $20 billion investment fund for infrastructure projects with...

  • BRASILIA, May 30- Brazilian President Michel Temer on Tuesday sent a formal request to join the Organisation for Economic Co-operation and Development despite a corruption scandal that threatens to unseat him, two government sources familiar with the matter told Reuters. Although his coalition in Congress has not abandoned his center-right...

  • May 30- U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's decision to leave the bloc, the company said on Tuesday. FM Global's move follows that of U.S. insurer American International Group Inc, which said in March that it...

  • NEW YORK, May 30- Climate change is undeniable and it is "absolutely essential" the world fight the problem together, United Nations Secretary-General Antonio Guterres argued on Tuesday, as U.S. President Donald Trump considers pulling out of the Paris climate deal. "If any government doubts the global will and need for this accord, that is reason for all others to...

  • NEW YORK, May 30- Climate change is undeniable and it is "absolutely essential" the world fight the problem together, United Nations Secretary-General Antonio Guterres argued on Tuesday, as U.S. President Donald Trump considers pulling out of the Paris climate deal. "If any government doubts the global will and need for this accord, that is reason for all others to...

  • *Oil market flounders on oversupply worries despite OPEC deal. NEW YORK, May 30- World stock prices slipped on Tuesday on concerns about the political outlook in Europe and U.S. economic growth, and nervous investors piled into yen and low-risk U.S. and German government bonds. "There is a whiff of risk aversion about the markets," said Shaun Osborne, chief FX...