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World Economy International Organizations

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. Benchmark Brent crude oil settled at $50.56 a barrel, down 8 cents on the day and holding above Wednesday's slide to $49.71, its lowest level since Nov. 30 when OPEC announced plans to cut output. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged...

  • BRUSSELS, March 23- The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London's leading position in "fintech" as Britain gets ready to leave the European Union. The EU executive's vice president Valdis Dombrovskis said on Thursday that the Commission is...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. Benchmark Brent crude oil was trading at $50.57 a barrel by 11:49 a.m. EDT, down 7 cents on the day and holding above Wednesday's slide to $49.71, its lowest level since Nov. 30 when OPEC announced plans to cut output. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • WARSAW, Poland— Poland's most powerful politician says he received assurances from British Prime Minister Theresa May that rights of Poles living in Britain will be approached in a favorable way in the early stages of Britain's exit negotiations with The European Union. On a key issue for Poland of preserving the rights of hundreds of thousands of Poles...

  • Prices of oil, one of Canada's major exports, hovered above four-month lows, with a recovery reined in by investor concerns that Organization of the Petroleum Exporting Countries-led supply cuts were not yet reducing record U.S. crude inventories. The vote on a Republican healthcare plan is seen as a litmus test of President Donald Trump's ability to...

  • CARACAS/ PUNTO FIJO, Venezuela, March 22- G rumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a third metric supply- into the debate. On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non- OPEC states to curb production by 1.8 million bpd came into effect.

  • The model is very different from most other OPEC and non- OPEC producers that rely more heavily on spot sales to refiners and traders. And Saudi Arabia's commitment to reduce production under the accord with other OPEC and non- OPEC countries reached towards the end of 2016 creates a tension with its customer-focused strategy. In fact, Aramco has so far cut...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. LONDON, March 23- Oil prices rallied from four-month lows on Thursday but the recovery was cautious with investors concerned that OPEC- led supply cuts were not yet reducing record U.S. crude inventories. Brent crude, the international benchmark for oil, was trading at $51.02 a barrel by 1112 GMT, up 38 cents on...

  • *Polish PM says may block the EU's Rome declaration. BUDAPEST, March 23- Central European stocks rebounded on Thursday, tracking Western European peers and shrugging off a warning from Polish Prime Minister Beata Szydlo that her country may block a political roadmap for the European Union. Regional share indices dipped in early trade after eastern Europe's...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. Brent crude, the international benchmark for oil, was trading at $50.84 a barrel by 0915 GMT, up 20 cents on the day and rebounding from Wednesday's slide to $49.71, it lowest level since Nov. 30 when OPEC announced plans to cut output. While OPEC has broadly met its commitments to reduce output, non- OPEC producers...

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30...

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. In the United States, West Texas Intermediate crude futures were up 33 cents at $48.38 a barrel, after testing support at $47 a...