World Economy International Organizations

  • *Iraq still set on expanding output, market share. LONDON, Aug 29- Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities. Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday.

  • BERLIN, Aug 28- Germany's Economy Minister Sigmar Gabriel said on Sunday that talks on the Transatlantic Trade and Investment Partnership, a free trade deal being negotiated by the United States and the European Union, had essentially failed. "The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American...

  • CARACAS, Aug 27- Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. "We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries,...

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq to increase...

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices, its oil minister Jabar Ali al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. Iraq wants to "strengthen OPEC's role in achieving a balance in the oil market," Luaibi added, according to the spokesman, without...

  • LONDON, Aug 26- Banks, insurers, asset managers and exchanges in Britain are waiting to see to whether post-Brexit trading terms will give them access to the European Union market. The key challenge is how to secure enough access to the single market so that financial firms in Britain won't have to move some or all of their operations to the EU.

  • LONDON, Aug 26- Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of Britain's vote to leave the EU, legal experts said banks, insurers and asset managers in London using...

  • *Music industry says YouTube does not pay artists enough. BRUSSELS, Aug 25- Websites such as Google's YouTube, DailyMotion and Pinterest could be required by the European Union to seek licences or revenue-sharing deals with artists for content that is uploaded by their users. The European Commission, the EU executive, is looking at imposing an obligation on...

  • *Members of OPEC meeting in late September. Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria Sept. 26-28.

  • Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept. 26-28. Speaking publicly for the first time since talk about freezing production surfaced in the last few weeks, Al-Falih said there have not yet been any specific discussions...

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.46 per barrel at 0658 GMT, down 21 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.40 per barrel at 0632 GMT, down 27 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • DUBAI, Aug 26- Iran will help other oil producers stabilise the world market so long as fellow OPEC members recognise its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...

  • DUBAI, Aug 26- Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...

  • Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept. 26-28. Speaking publicly for the first time since talk about freezing production surfaced in the last few weeks, Al-Falih said there have not yet been any specific discussions...

  • LOS ANGELES, Aug 25- Saudi Arabian Energy Minister Khalid Al-Falih does not believe it is necessary for any "significant intervention" in oil markets at this time, he told Reuters following a speech on Thursday. Talks are scheduled in Algiers, Algeria, in September to discuss a global output freeze pact. Al-Falih said there have not been any specific discussions on...

  • Federal Reserve Chair, before paring gains on a Reuters interview with the Saudi Energy Minister that cast doubts about an OPEC output freeze. That was before Saudi Energy Minister Khalid al-Falih's interview with Reuters, in which he said there had been no "discussions of substance yet" on OPEC production levels. Members of OPEC will meet on the sidelines of the...

  • *Speculative trading ahead of informal OPEC meet in Sept. *Cushing stocks fall 313,000 bbls in week to Aug. 23- Genscape. Some traders cited bullish data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Oklahoma delivery point for U.S. crude futures during the week to Aug. 23.

  • Crude futures also saw support from players buying on dips and looking for a bottom on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs. Brent crude futures were up 45 cents, or 0.9 percent, at $49.50 a barrel by 10:15 a.m. EDT, after settling down 1.8 percent on Wednesday.

  • Global crude oil benchmark Brent was down 10 cents at $48.95 a barrel by 1230 GMT, having closed down 1.8 percent on Wednesday. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria on Sept. 26-28. But hopes of a deal have been dampened by...