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  • SINGAPORE, June 1- Crude oil prices dipped in early Asian trading on Monday as rising OPEC output and an expectation that the group would keep production high added to sentiment that the market remained over supplied despite ongoing falls in U.S. rig operations. Yet prices dipped on Monday as the market continued to be over supplied due to near record production...

  • PARIS, May 31- Greek Prime Minister Alexis Tsipras said Greece should not be blamed for not yet reaching a deal with its creditors and called on fellow European leaders to bypass technical talks and come to a political solution. Tsipras also responded to criticism that Greece was holding up a deal with the lenders because it resisted pension reforms and...

  • VIENNA, May 31- OPEC is likely to keep its output target unchanged when it meets on Friday because the global oil market appears to be in good shape and prices are expected to firm up from current levels, a senior Gulf OPEC delegate told Reuters. Two more OPEC delegates said they expect no change in policy on June 5 when oil ministers from the Organization of the...

  • VIENNA, May 31- OPEC is likely to keep its output target unchanged when it meets on Friday as the global oil market appears to be in good shape and prices are expected to firm up from current levels, a senior Gulf OPEC delegate told Reuters. "It is unlikely that OPEC will make a decision regarding its production ceiling for two reasons: the first one that Russia and...

  • NON-OPEC PRODUCERS HAVE SHOWN THEIR' NON-DESIRE' TO COOPERATE WITH OPEC IN ANY OUTPUT CUT- GULF DELEGATE.

  • OPEC LIKELY TO MAINTAIN ITS OIL OUTPUT CEILING ON JUNE 5- SENIOR GULF OPEC DELEGATE.

  • VIENNA, May 29- OPEC will meet next week amid rising global demand and a reduction in supply, which are both helping to support prices, two OPEC officials said after pre-meeting talks. OPEC refused to cut output at the November meeting, seeking to slow higher-cost production in the United States and elsewhere that had been eroding its market share.

  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • WASHINGTON, May 29- German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying that a Greek exit from the euro zone was a "possibility". The IMF released a transcript of the interview, which was still having an impact on markets on Friday.

  • VIENNA, May 29- OPEC is gearing up for a meeting next week amid rising global demand and a reduction in supply, which are both helping to support prices, two OPEC officials said after pre-meeting talks. A calmer mood among delegates compared with the last OPEC meeting in November 2014 means it is likely to keep its production policies unchanged despite a...

  • DRESDEN, Germany, May 29- Finance chiefs from the Group of Seven industrial nations agreed on Friday that including China's renminbi in the International Monetary Fund's currency basket is desirable, but a technical review must be completed first. The inclusion of the renminbi, also known as the yuan, as part of the IMF's unit of account would mark another stage...

  • TOKYO, May 29- The European Union and Japan are concerned about unilateral actions that change the status quo in the South China Sea, a joint statement said on Friday, with China's reclamation in disputed waters stoking regional tensions. "We continue to observe the situation in the East and South China Sea and are concerned by any unilateral actions that change...

  • DRESDEN, Germany, May 29- Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Greece and its creditors from the euro zone countries and the International Monetary Fund are trying to hammer out a cash-for-reforms deal that would prevent the...

  • *Brent crude seen averaging $61.60 2015- Reuters survey. The Organization of the Petroleum Exporting Countries is likely to decide at its meeting in Vienna next week to keep its joint production target unchanged at 30 million barrels per day but maintain output above that level, analysts said. "That should keep a lid on prices," Carsten Fritsch, senior oil and...

  • UPDATE 2-Greek crisis overshadows G7 growth talks Thursday, 28 May 2015 | 5:36 PM ET

    DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...

  • UPDATE 1-EU lawmakers back arbitration in U.S. trade deal Thursday, 28 May 2015 | 12:08 PM ET

    BRUSSELS, May 28- European lawmakers on Thursday backed including investor arbitration in a trade deal with the United States, one of the biggest obstacles to a transatlantic accord, but a decision that activists called a capitulation to business. A trade agreement between the United States and the European Union would be the world's largest, but Washington...

  • WASHINGTON, May 28- Greece has not asked to shift its debt repayments to the IMF to the end of June, a Fund spokesman said on Thursday, adding that talks continue on the next review of Greece's bailout. Athens has some 1.6 billion euros due to the Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for Greek state...

  • *Greece expected to make June 5 payment despite threats. The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece. Even if Greece did miss an IMF payment, the consequences need not be immediately catastrophic,...

  • EU lawmakers back arbitration in U.S. trade deal Thursday, 28 May 2015 | 8:52 AM ET

    BRUSSELS, May 28- European lawmakers supported on Thursday including investor arbitration in a free-trade deal with the United States, a breakthrough on one of the biggest obstacles to a transatlantic accord. A trade agreement between the United States and the European Union would be the world's largest, but Washington says any deal must include ways for...

  • *U.S. presses Europe, IMF to show flexibility on Greece. DRESDEN, Germany, May 28- Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy. Speaking before meeting the Group of Seven finance chiefs, International...