World Economy International Organizations

  • ABU DHABI, Dec 7- OPEC's deal to cut oil production will go ahead even if Russia becomes the only non- OPEC country to commit to reduce output at a meeting this week, Nigeria said on Wednesday, while the UAE voiced optimism that other producers would participate. "Yes, we will go ahead, but we will continue to work on the rest to come onboard," Nigerian Oil Minister Emmanuel...

  • *Most lawmakers supported Britain staying in the European Union. LONDON, Dec 7- While the British government tries to prevent parliament voting on its plan to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers' recent statements. The government is challenging that...

  • LONDON, Dec 7- Oil prices slipped on Wednesday on doubts that promised production cuts by OPEC and Russia would be deep enough to end a supply overhang that has weighed on the markets for more than two years. Oil prices surged as much as 19 percent after the Organization of the Petroleum Exporting Countries and Russia announced last week that they would cut...

  • SINGAPORE, Dec 7- Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. Since the deal was announced, both OPEC and Russia have since reported record production. "With both Russia and OPEC producing at record, the...

  • SINGAPORE, Dec 7- Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. Since the deal was announced, both OPEC and Russia have since reported record production. "With both Russia and OPEC producing at record, the...

  • SINGAPORE, Dec 7- Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. OPEC and non- OPEC oil producers will meet this weekend in Austria's capital to agree details of the output cut, which targets an overall...

  • *Seven tankers send U.S. crude worth about $150 million to Asia. SINGAPORE, Dec 7- Oil major BP is shipping almost 3 million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. Now, using its global shipping and trading network, BP was able to...

  • SINGAPORE, Dec 7- Oil prices fell on Wednesday on persistent doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. "With both Russia and OPEC producing at record amounts, the market is scratching its head about how both blocs will manage to comply with the Vienna...

  • LONDON, Dec 6- OPEC will achieve some but not all of the production cuts the organization agreed last month, according to an informal survey of energy professionals conducted after the agreement was announced. Most energy professionals expect OPEC output will decline to around 33.0 million barrels per day in January 2017, down from 33.6 million bpd in October...

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time in a week since OPEC agreed to cut output on growing skepticism that the cartel would be able to reduce supplies as data showed record high production in most major export regions.

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures fell $1.06, or 1.9 percent, to $53.88 a barrel by 1:26 p.m. EST.

  • BRUSSELS, Dec 6- Plans to overhaul European Union rules on bank capital were strongly criticized by several EU finance ministers on Tuesday, increasing uncertainty over financial regulation. Ministers from Eastern European countries and smaller EU states, such as Luxembourg, rejected a Commission proposal to allow EU banks to hold capital only in their home...

  • Dec 6- U.S. stocks were little changed on Tuesday, as gains in telecom services were offset by losses in energy stocks following a drop in oil prices. Brent crude prices fell over 2 percent, the first decline in five days, after data showed an increase in output from major producers, just days after OPEC and Russia agreed to a production cut. U.S. stocks have climbed...

  • ATHENS, Dec 6- Greece welcomed the euro zone's offer of short-term debt relief on Tuesday but urged Germany and the International Monetary Fund to abandon their demands for harsher austerity once its bailout programme expires in 2018.. It wants to wrap up the latest review to qualify for inclusion in the European Central Bank's quantitative easing programme...

  • *OPEC, Russian oil output at record highs. *Saudi price war, Neutral Zone plan undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. EST.

  • Dec 6- Wall Street was slightly lower on Tuesday morning, as gains in financial stocks failed to make up for losses in energy stocks following a drop in oil prices. Brent crude prices fell 2.5 percent, the first decline in five days, after data showed an increase in output from major producers, just days after OPEC and Russia agreed to a production cut.

  • *Ukraine was promised visa-free regime by the European Union. *Ukraine minister sees' complete impotence' in EU. KIEV, Dec 6- Ukraine feels let down by the European Union for not keeping to a promise to give its citizens visa-free travel in the bloc, senior Ukrainian officials said.

  • LONDON, Dec 6- Britain will most likely leave the European Union having signed a bilateral trade agreement, according to a Reuters poll of economists on Tuesday that also suggested there remains little chance of the country slipping into recession. Since the June 23 decision to leave the EU, Britain's economy has performed much better than had been previously...

  • REUTERS POLL-MOST LIKELY BREXIT OUTCOME IS FOR BRITAIN TO LEAVE EUROPEAN UNION WITH BILATERAL TRADE AGREEMENT, SAY ECONOMISTS.