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  • As ministers from the Organization of the Petroleum Exporting Countries meet in Vienna, some may wonder if the strategy of maintaining output to defend market share risks securing a Pyrrhic victory. OPEC has put shale producers on the defensive and forced the cancellation of many ambitious oil projects with its strategy of going for volume over price.

  • *Market hedges for possibility of odd surprise at OPEC meeting. NEW YORK, Nov 30- Crude futures rose more than 1 percent on Monday as speculators took bullish bets on the odd likelihood of a surprise outcome at this week's OPEC meeting and as refined oil products rallied. "We're seeing a bit of buying interest, with prices set to be pushed and prodded around by pre- OPEC...

  • VIENNA, Nov 30- The Russian Energy Ministry will not send delegates for consultations or attend the OPEC meeting this week as an observer, the ministry's press service told Reuters on Monday. Instead, the ministry expects an experts-level meeting with OPEC in mid-December, meaning the Russian energy minister will not attend. A year ago, Russian Energy Minister...

  • POLL-Oil price predictions for 2016 lower still Monday, 30 Nov 2015 | 8:39 AM ET

    Nov 30- Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets on Friday. OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect, Saudi Arabia, alarming weaker...

  • *Market awaits Thursday ECB meeting, OPEC on Friday. LONDON, Nov 30- The dollar hit its strongest since mid-March against a basket of its peers on Monday, at the start of a week likely to highlight the divergent outlooks for U.S. and euro zone interest rates that will set the tone for markets in early 2016.. The euro fell to its weakest since mid-April against the dollar,...

  • More Russian oil drilling shows its resolve to OPEC Monday, 30 Nov 2015 | 6:59 AM ET

    MOSCOW, Nov 30- Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC, as its industry can carry on even if oil prices reach $35 per barrel. As OPEC prepares to meet on Friday in Vienna, Russia is sending a low key delegation for talks which are very unlikely to result in any output deal.

  • *OPEC unlikely to reduce production at Dec. 4 meeting- analysts. LONDON, Nov 30- Oil prices rose on Monday as investors took positions ahead of an OPEC meeting this week despite expectations that the producer group will not change its output policy. "We see a lot of positioning ahead of the OPEC meeting at the end of the week.

  • *Brent falls before OPEC meeting on Friday. LONDON, Nov 30- The dollar hit its strongest since mid-March against its peers at the start of a week likely to highlight the divergent outlooks for U.S. and euro zone interest rates, while oil fell with OPEC ministers expected to keep the pumps on. "The market expects a broadening of the purchase programme as well as a cut in...

  • VIENNA, Nov 30- The European Union and United States should reach agreement next month on a new framework to replace the Safe Harbour pact enabling data transfers from Europe to the United States, European Justice Commissioner Vera Jourova told a newspaper. Brussels and Washington are locked in negotiations to forge a new agreement for the transfer of data,...

  • *OPEC unlikely to reduce production at Dec. 4 meeting- analysts. "We are going to have some volatility this week as lots of market-moving events will take place," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates. The week's highlight is an OPEC policy meeting on Dec. 4 about whether to adjust its production strategy in light of weak oil prices.

  • *Dec. 4 OPEC meeting in focus. SINGAPORE, Nov 30- Oil dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate hike strengthened the dollar. OPEC and Russia could make "some sort of co-ordinated attempt to reduce production," said Jonathan Barratt, chief investment officer at Sydney's Ayers...

  • TOKYO, Nov 30- An extended selloff in Chinese stocks pulled down Asian markets on Monday, while the yuan bounced on suspected intervention by Beijing hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, and was on course to book a loss of about...

  • *Dec. 4 OPEC meeting in focus. SINGAPORE, Nov 30- Brent crude futures dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate hike strengthened the dollar. OPEC and Russia could make "some sort of co-ordinated attempt to reduce production," said Jonathan Barratt, chief investment officer at...

  • TOKYO, Nov 30- Asian shares fell on Monday as Chinese stocks extended last week's sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, and was on course to log a loss of about 2.7 percent for...

  • SHANGHAI, Nov 30- China's onshore yuan opened at its lowest since late August on Monday for a second trading day, as investors awaited a decision by the International Monetary Fund later in the day on whether the currency will be included in its global reserve basket. Among emerging Asian currencies, China's yuan was an exception with bearish views on the...

  • SHANGHAI/ NEW YORK, Nov 30- When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major global currency alongside the dollar, euro, yen, and pound, as is widely expected, IMF members will...

  • TOKYO, Nov 30- Crude oil prices rose in early Asian trade on Monday, although gains were limited as investors look ahead to an OPEC meeting where ministers from the oil producing group will set policy in the face of a market still in glut. OPEC officials have called into question an upbeat forecast from the group's researchers last week before the gathering of oil...

  • TOKYO, Nov 30- Crude oil prices rose in early Asian trade on Monday, although gains were limited as investors look ahead to an OPEC meeting where ministers from the oil producing group will set policy in the face of a market still in glut. OPEC officials have called into question an upbeat forecast from the group's researchers last week before the gathering of oil...

  • EU to Turkey: Curb migrants, we'll give you cash Sunday, 29 Nov 2015 | 2:54 PM ET
    Migrants stand in front of a barrier at the border with Hungary near the village of Horgos, Serbia, September 16, 2015.

    Europe and Turkey ere set to sign an agreement offering Ankara cash and closer ties in return for help in stemming the flow of migrants to Europe.

  • *Europeans see Turkey as vital partner in holding back migrants. *Turkey driving hard bargain, looking for closer ties with EU. BRUSSELS, Nov 29- Leaders of the European Union and Turkey were set to sign an agreement on Sunday offering Ankara cash and closer ties in return for help in stemming the flow of migrants to Europe, draft conclusions of their summit showed.