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World Economy International Organizations

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. output threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. production threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose by one percent ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month cut in the first half of this year.

  • BEIJING, May 25- The International Monetary Fund said on Thursday it approved a three-year financial arrangement of about $434.3 million to support Mongolia's economic reform programme. The IMF said in a statement that Mongolia was hit hard by the sharp decline of commodity prices and the slowdown in key export markets, and the government is therefore...

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. production threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this...

  • LONDON, May 24- Ministers from OPEC and non- OPEC oil exporters are meeting in Vienna today and tomorrow to decide whether to extend production cuts that have been in effect since the start of the year. But with oil traders focused on Vienna, it is worth asking whether the cuts agreed by OPEC on Nov. 30 and non- OPEC on Dec. 10 have had any significant impact on prices so far.

  • *OPEC, other producers to discuss oil output in Vienna. *High inventories, rising U.S. output undermining OPEC limits. NEW YORK, May 24- Oil prices retreated slightly Wednesday as investors reacted to a smaller-than-expected U.S. gasoline stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether...

  • *OPEC meets on Thursday to decide output policy. VIENNA, May 24- OPEC and non-member oil producers are set to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices. But hopes quickly faded after a joint OPEC and non- OPEC committee recommended keeping the curbs unchanged for nine months.

  • Under the current agreement that started on Jan. 1, OPEC and other producers including Russia pledged to cut output by almost 1.8 million barrels per day during the first half of the year. "Perhaps more so than in the recent past, the oil market is data dependent, waiting on the tangible signs of declines in visible oil stocks and exports before buying into OPEC...

  • *OPEC meets on Thursday to decide output policy. VIENNA, May 24- OPEC and non-member oil producers will debate on Thursday a proposal to extend output cuts by as long as 12 months in a move to help clear a global stocks overhang and prop up prices. But hopes quickly faded after a joint OPEC and non- OPEC committee recommended keeping the curbs unchanged for nine months.

  • *OPEC, other producers to discuss oil output in Vienna. *High inventories, rising U.S. output undermining OPEC limits. NEW YORK, May 24- Oil prices retreated slightly Wednesday as investors reacted to a smaller-than-expected U.S. gasoline stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether...

  • Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving economic outlook after years in the doldrums during the euro zone debt crisis, when the country was forced to seek a bailout. "The fact is that we are converging with the European Union, we are finally converging." Portugal has been one of Europe's slowest-growing...

  • LONDON, May 24- Ministers from OPEC and non- OPEC oil exporters are meeting in Vienna today and tomorrow to decide whether to extend production cuts that have been in effect since the start of the year. But with oil traders focused on Vienna, it is worth asking whether the cuts agreed by OPEC on Nov. 30 and non- OPEC on Dec. 10 have had any significant impact on prices so far.

  • *OPEC, other producers in Vienna to discuss oil output. *High inventories, rising US output undermining OPEC limits. NEW YORK, May 24- Oil prices were little changed on Wednesday as investors awaited official data on inventories in the United States and the outcome from Vienna where ministers from OPEC and other exporting countries were discussing whether to...

  • *OPEC meets on Thursday to decide output policy. The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the accord reached in December in which OPEC and 11 non-members agreed to cut oil output by about 1.8 million barrels per day in the first half of 2017.. Two OPEC sources told Reuters a ministerial...

  • *Canadian dollar at C $1.3512, or 74.01 U.S cents. TORONTO, May 24- The Canadian dollar was little changed against its U.S. counterpart on Wednesday, holding onto recent gains ahead of an interest rate decision by the Bank of Canada and a possible extension of oil production cuts by major producers. barrel as investors waited for news from Vienna, where ministers...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...

  • *OPEC- led cuts initially agreed for six months to June. That's the question OPEC and oil markets are grappling with before Thursdays meeting of producer countries in Vienna. The cuts were initially agreed to run during the first half of 2017. OPEC and other producers, including Russia, are now expected to agree to extend the deal on Thursday, possibly for nine more...