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World Economy International Organizations

  • *Russia says has cut production by more than 300,000 bpd. *OPEC compliance falls to 90 percent in April- survey. WTI tumbled early to $47.30, the lowest since March 27, following data from the U.S. Energy Information Administration showing weekly crude stocks fell by 930,000 barrels to 527.8 million.

  • *Russia says has cut production by more than 300,000 bpd. *OPEC compliance falls to 90 percent in April- survey. "U.S. domestic production rose again, and continues its steady climb," said John Kilduff, partner at energy hedge fund Again Capital in New York.

  • LONDON, May 3- Standard Chartered is in talks with regulators about making Frankfurt its European base to secure market access to the European Union when Britain leaves the bloc. "The choice of Frankfurt is very natural as we have a branch there and we do euro clearing there," he said. Standard Chartered Germany head Heinz Hilger told Reuters the bank will set up a...

  • LONDON, May 3- Standard Chartered is in talks with regulators about making Frankfurt its European base to secure market access to the European Union when Britain leaves the bloc. "The choice of Frankfurt is very natural as we have a branch there and we do euro clearing there," he said. Standard Chartered Germany head Heinz Hilger told Reuters the bank will set up a...

  • The European Union and many of China's other trading partners have debated whether to treat China as a "market economy", which Beijing says was its right at the end of 2016, some 15 years after it joined the World Trade Organization. Investigators from the EU determine whether Chinese export prices are artificially low by comparing them with those of a third...

  • *Russia says has cut production by more than 300,000 bpd. *OPEC compliance falls to 90 percent in April- survey. WTI had slid 2.4 percent on Tuesday on concerns about falling OPEC compliance with its production-curbing deal.

  • LONDON, May 3- The European Union will publish a draft law next month to give itself tougher powers to vet and supervise the clearing of euro-denominated securities, a source familiar with the matter said on Wednesday, pitting the bloc against Britain ahead of Brexit. The move by Brussels comes at a politically sensitive time for Britain as it starts formal...

  • May 3- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre. Financial services firms need a regulated subsidiary in an EU country to offer their products across the bloc, and this could lead...

  • LONDON, May 3- Standard Chartered is in talks with regulators about making Frankfurt its European base to secure market access to the European Union when Britain leaves the bloc. "We are looking at setting up a subsidiary in the EU to ensure we are prepared," Chairman Jose Vinals said on Wednesday at the Asia- focused bank's annual shareholder meeting in London.

  • LONDON, May 3- Standard Chartered is in talks with regulators about making Frankfurt its European base to secure market access to the European Union when Britain leaves the bloc. "We are looking at setting up a subsidiary in the EU to ensure we are prepared," Chairman Jose Vinals said on Wednesday at the Asia- focused bank's annual shareholder meeting in London.

  • MOSCOW, May 3- Russia's oil production on May 1 was 300,790 barrels per day below the level in October, meaning it has cut output by more than was demanded under a pact between OPEC and other producers, Russia's Energy Ministry said on Wednesday. The Organization of the Petroleum Exporting Countries, along with Russia and other non- OPEC producers, pledged to cut...

  • *Russia says has cut production by more than 300,000 bpd. *OPEC compliance falls to 90 pct in April- survey. WTI had slid 2.4 percent on Tuesday on concerns about falling OPEC compliance with its production-curbing deal.

  • *Russia says has cut production by more than 300,000 bpd. *OPEC compliance falls to 90 pct in April- survey. WTI had slid 2.4 percent on Tuesday on concerns about falling OPEC compliance with its production-curbing deal.

  • DUBAI, May 3- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues. Iraq on average exported between 80,000 and 160,000 tonnes of fuel oil per month in 2016, data collected by...

  • DUBAI, May 3- Iraqi fuel oil exports have soared since January despite a reduction in the country's crude production in line with OPEC supply cuts, industry sources said, in what could be a way to boost output of refined products and maintain oil revenues. Iraq on average exported between 80,000 and 160,000 tonnes of fuel oil per month in 2016, data collected by...

  • *Global supplies remain near record high despite OPEC cuts. SINGAPORE, May 3- Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. On Tuesday, WTI slid 2.4 percent to its lowest close since March 21 and Brent closed at...

  • *Global supplies remain near record high despite OPEC cuts. SINGAPORE, May 3- Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. On Tuesday, WTI slid 2.4 percent to its lowest close since March 21 and Brent closed at...

  • LONDON, May 2- U.S. crude production is surging, complicating OPECs efforts to rebalance the oil market. U.S. production rose by more than 450,000 barrels per day in the five months ending in February, according to the U.S. Energy Information Administration. Most of the increase so far has come from non-shale producers in the Gulf of Mexico and Alaska.

  • LONDON, May 2- Hedge funds are losing faith that OPEC can accelerate the rebalancing of the oil market even if the group agrees to extend output cuts when it meets later this month. The number of long positions has fallen to the lowest level since before OPEC announced its output agreement on Nov. 30. Fund managers have become less bullish despite increasingly...

  • SINGAPORE, May 3- Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output capped gains. West Texas Intermediate crude rose 48 cents, or 1 percent, to $48.14 a barrel by 0030 GMT. Benchmark Brent futures gained 59 cents, or 1.2 percent to $51.05 a barrel.