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World Economy International Organizations

  • HOUSTON, March 7- The United Arab Emirates is accelerating its oil production cuts and expects to meet its commitment to reduce output by 139,000 barrels per day by June, its energy minister said on Tuesday. Suhail bin Mohammed al-Mazrouei told Reuters on the sidelines of the CERAWeek conference in Houston that the OPEC member cut more production last month...

  • *Saudi cut production by more than required in OPEC agreement. *Russia promised to implement more production cuts by end April. At the CERAWeek energy conference in Houston, Saudi Oil Minister Khalid Al-Falih said last year's agreement by OPEC and non- OPEC countries to curb supplies and boost prices has improved oil market supply and demand fundamentals.

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the Group of 20 major developed and developing...

  • March 7- Any decision to extend OPEC production cuts past June would have to include the continued participation by the non- OPEC members of the November accord, OPEC Secretary General Mohammad Barkindo said on Tuesday. This is the first time OPEC held bilateral meetings with shale producers and investment funds, Barkindo said. The November deal to reduce...

  • March 7- Any decision to extend OPEC production cuts past June would have to include the continued participation by the non- OPEC members of the November accord, OPEC Secretary General Mohammad Barkindo said on Tuesday. This is the first time OPEC held bilateral meetings with shale producers and investment funds, Barkindo said. The November deal to reduce...

  • *Saudi cut production by more than required in OPEC agreement. *Russia promised to implement more production cuts by end April. At the CERAWeek energy conference in Houston, Saudi Oil Minister Khalid Al-Falih said last year's agreement by OPEC and non- OPEC countries to curb supplies and boost prices has improved oil market supply and demand fundamentals.

  • March 7- Any decision to extend OPEC production cuts past June would have to include the continued participation by the non- OPEC members of the November accord, OPEC Secretary General Mohammad Barkindo said on Tuesday. The group held talks in recent days with shale oil producers and hedge fund executives, he said during a media conference at the CERAWeek energy...

  • HOUSTON, March 7- Compliance among top global oil producers with a deal to curb global supplies should improve in February from January, OPEC Secretary Secretary-General Mohammad Barkindo said on Tuesday.

  • KOPAONIK, Serbia, March 7- Serbia's structural reforms still have a long way to go, an International Monetary Fund official said on Tuesday, but added that the lender no longer believes the country needs to cut interest rates for the moment. James Roaf, the head of the IMF mission for Serbia, told Reuters that implementation of a 1.2 billion euro precautionary loan...

  • *Warns "no free ride" for non- OPEC producers. The kingdom led a pact between the Organization of the Petroleum Exporting Countries and other major producers, such as Russia and Kazakhstan, to cut global crude output by about 1.8 million barrels per day from Jan. 1, and bring supply closer to demand. Saudi Arabia had cut beyond what it had pledged in the agreement and...

  • *Warns "no free ride" for non- OPEC producers. The kingdom led a pact between the Organization of the Petroleum Exporting Countries and non- OPEC producers, such as Russia and Kazakhstan, to cut global crude output by about 1.8 million barrels per day from Jan. 1, and bring supply closer to demand. Saudi Arabia had cut beyond what it had pledged in the agreement and...

  • *Saudi cut production by more than required in OPEC agreement. NEW YORK, March 7- Oil prices were little changed on Tuesday, giving up gains after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts, while the market also braced for data that was expected to show a ninth straight weekly increase in U.S. crude inventories.

  • BRUSSELS, March 7- The world's financial leaders may no longer explicitly reject protectionism or competitive currency devaluations, a draft communique of their meeting next week showed, promising only to keep an "open and fair international trading system". Finance ministers and central bank heads from the world's 20 developed and developing economies...

  • HOUSTON, March 7- Saudi Oil Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving as an agreement to curb supply by OPEC and non- OPEC producers took effect. He said Saudi Arabia does not want OPEC to intervene in the oil market to address long-term structural shifts, but would support measures to address "short-term aberrations.

  • HOUSTON, March 7- Saudi Oil Minister Khalid al-Falih said on Tuesday that oil market fundamentals are improving as an agreement to curb supply by OPEC and non- OPEC producers took effect. He said Saudi Arabia does not want OPEC to intervene in the oil market to address long-term structural shifts, but would support measures to address "short-term aberrations."

  • *Russia, Iraq say too early to discuss extending output cut. LONDON, March 7- Oil prices firmed on Tuesday but stayed in a tight range, with investors seeking a clearer direction from inventory data and comments from oil officials as rising U.S. shale output offset OPEC production cuts. Capping any upsurge has been an increase in U.S. shale oil drilling after WTI rose...

  • LONDON, March 7- British consumers are feeling the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a slowdown just as London gears up for divorce talks with the European Union, surveys and data showed on Tuesday. After helping the economy withstand the immediate Brexit shock last year, consumers are reining in...

  • LONDON, March 7- Oil prices were little changed on Tuesday, trading in a tight range as rising U.S. shale output offset OPEC crude production cuts, with investors seeking clearer direction from upcoming inventory data and comments from senior oil officials. Oil prices have been entrenched in a $3 band since February, failing to take off after OPEC implemented, to a...

  • *Signs of slowdown appearing as UK gears up to trigger Brexit. *Annual house price growth cools to weakest since 2013- Halifax. LONDON, March 7- British consumers are feeling the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a slowdown just as London gears up for divorce talks with the European Union, surveys and data...

  • LONDON, March 7- Oil prices were little changed on Tuesday, trading in a tight range as rising U.S. shale output offset OPEC crude production cuts, with investors seeking clearer direction from upcoming inventory data and comments from senior oil officials. Oil prices have been entrenched in a $3 band since February, failing to take off after OPEC implemented, to a...