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World Economy International Organizations

  • NEW YORK, June 14- Oil prices fell to their lowest in over five weeks on Wednesday following U.S. data showing an unexpectedly large weekly build in U.S. gasoline inventories and International Energy Agency data projecting an increase in non- OPEC production. The industry continues to turn a crude oil surplus into a gasoline and distillate product surplus, "...

  • *OPEC says its oil output up 336,000 bpd at 32.14 mln bpd in May. *OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. OPEC and other exporters such as Russia have agreed to keep production almost 1.8 million barrels per day below the levels pumped at the end of last year and not to increase output until the end of the first quarter of 2018..

  • LONDON, June 14- The oil market is on an unsustainable course with output from U.S. shale and other non- OPEC sources increasing rapidly, while OPEC and its allies trim production to reduce inventories and prop up prices. The International Energy Agency projects non- OPEC output will increase by 1.5 million barrels per day in 2018. OPEC and its non- OPEC allies are...

  • *OPEC says its oil output up 336,000 bpd at 32.14 mln bpd in May. *OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. OPEC and other exporters such as Russia have agreed to keep production almost 1.8 million barrels per day below the levels pumped at the end of last year and not to increase output until the end of the first quarter of 2018..

  • *Graphic of OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. LAUNCESTON, Australia, June 14- OPEC has finally acknowledged what the oil market already knows, namely that rebalancing is taking longer than expected. Perhaps this is because OPEC is actually shipping more crude.

  • BEIJING, June 14- China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. China's fast start to the year led the International Monetary Fund on Wednesday to raise its 2017 growth outlook for the country to 6.7...

  • *OPEC says its oil output up 336,000 bpd at 32.14 mln bpd in May. *OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. LONDON, June 14- Oil prices fell on Wednesday after industry data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite a pledge to cut output.

  • *IMF lifts 2017 growth forecast to 6.7 pct from 6.6 pct in April. BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". "The critically important recent focus on tackling...

  • The Paris- based IEA said production outside the Organization of the Petroleum Exporting Countries would grow twice as quickly in 2018 as it will do this year, when OPEC and 11 partner nations have restrained output. "For total non- OPEC production, we expect production to grow by 700,000 bpd this year, but our first outlook for 2018 makes sobering reading for those...

  • *OPEC says its oil output up 336,000 bpd at 32.14 mln bpd in May. *OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. LONDON, June 14- Oil prices fell on Wednesday after industry data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite a pledge to cut output.

  • The Paris- based IEA said production outside the Organization of the Petroleum Exporting Countries would grow twice as quickly in 2018 as it will do this year, when OPEC and 11 partner nations have restrained output. "For total non- OPEC production, we expect production to grow by 700,000 bpd this year, but our first outlook for 2018 makes sobering reading for those...

  • BEIJING, June 14- China needs to further tighten the flow of credit in its economy and funnel lending into economic activities that support real growth, International Monetary Fund deputy managing direct David Lipton told reporters in Beijing on Wednesday. The IMF on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "...

  • *OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. SINGAPORE, June 14- Oil prices fell on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output. ANZ bank said in a note to clients that prices were "under pressure earlier in the day after a report from OPEC showed that its...

  • BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "policy support, especially expansionary credit and public investment." The forecast was an increase from its already-raised April forecast of 6.6 percent. China's economy grew a faster-than-expected 6.9 percent in...

  • *Dollar buffeted by hawkish turn in Canada; UK politics. *Oil slips after surprise gain in crude stocks, OPEC output. SYDNEY, June 14- Asian shares turned mixed on Wednesday while the dollar was left adrift as investors everywhere awaited clarity on the Federal Reserve's future path for U.S. policy after a likely rate rise later in the day.

  • *OPEC's May oil output rises by 336,000 bpd to 32.14 mln bpd. SINGAPORE, June 14- Oil prices fell around 1 percent on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output. ANZ bank said in a note to clients that prices were "under pressure earlier in the day after a report from OPEC...

  • *Graphic of OPEC exports in 2017 vs 2016: http://tmsnrt.rs/2sZPdJT. LAUNCESTON, Australia, June 14- OPEC has finally acknowledged what the oil market already knows, namely that rebalancing is taking longer than expected. Perhaps this is because OPEC is actually shipping more crude.

  • *Asian equity markets mixed, little reaction to firmer China data. *Dollar buffeted by hawkish turn in Canada; UK politics. *Oil slips after surprise gain in crude stocks, OPEC output.

  • LONDON/ HONG KONG June 13- U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis will throw a system of international regulatory cooperation into confusion, European Union and Asian regulatory sources said on Tuesday. "In Europe, we must be careful not to forget the lessons of the financial crisis. Treasury has called for a...

  • LONDON/ HONG KONG June 13- U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis will throw a system of international regulatory cooperation into confusion, European Union and Asian regulatory sources said on Tuesday. "In Europe, we must be careful not to forget the lessons of the financial crisis. Treasury has called for a...