GO
Loading...

Enter multiple symbols separated by commas

World Economy International Organizations

More

  • *Global crude glut remains as OPEC seen keeping output high. Front-month Brent futures were down 16 cents at $63.64 per barrel by 0300 GMT. Energy advisory Wood Mackenzie said that it was very unlikely that OPEC would agree to cut output at its June 5 meeting and that it expected the group's crude output to remain just above its 30 million bpd production ceiling...

  • WASHINGTON, June 3- Argentina has failed to take sufficient steps to bring the quality of its economic statistics in line with global standards, the International Monetary Fund's board said on Wednesday. The IMF, which requires accurate data to analyze the world's economies, censured Argentina in 2013 over failing to improve its inflation and gross domestic...

  • ATHENS, June 4- Greece's leftist-led government would hold early elections if its international lenders force it to accept a cash-for-reforms deal that violates its "red lines" or risk bankruptcy, the ruling party's parliamentary spokesman said on Thursday. "If we are pressed to sign an ultimatum, it is clear we will not sign it and we will ask the people to express...

  • VIENNA, June 4- Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100- a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new "fair" price for their crude. Oil ministers from Iraq, Venezuela and Angola said in Vienna this week that a price of $75 or $80 a barrel- barely $10 above...

  • NEW YORK, June 3- A sudden wave of sell orders early on Wednesday, followed by a bout of buying a couple of hours later whipsawed U.S. crude oil prices, puzzling even veteran traders used to big gyrations in the run-up to an OPEC meeting. While some traders blamed a high frequency algorithmic trade for the move, most agreed it reflected a jumpy market on rising concerns...

  • *Greece owes IMF 300 million euros this week. *France says cannot ask too much of Greece. Prime Minister Alexis Tsipras agreed in a telephone call with German Chancellor Angela Merkel and French President Francois Hollande on the need for an immediate solution to the long-running debt negotiations involving a lower primary budget surplus target for Greece, a...

  • *OPEC expected to keep output target unchanged on Friday. OPEC, which pumps more than a third of the world's oil, is expected to reject any calls for output cuts, continuing to produce about 2 million barrels per day above demand. Crude oil futures, already volatile from the combination of a flighty dollar and the bearish mood over OPEC, briefly cut losses on the EIA...

  • *OPEC expected to keep output target unchanged on Friday. OPEC, which pumps more than a third of the world's oil, is expected to reject any calls for output cuts, continuing to produce about 2 million barrels per day above demand. Oil prices, already volatile from the combination of a flighty dollar and the bearish mood over OPEC, briefly cut losses on the EIA report...

  • VIENNA, June 3- Venezuela sought to open a new front in its months-long verbal assault on the U.S. shale oil industry on Wednesday, suggesting it posed a grave threat to water supplies. "This does not seem to raise any concerns among the governments promoting it or the companies involved," he told an OPEC seminar in Vienna attended by chief executives of some of the...

  • UPDATE 6-Oil drops in volatile session as OPEC gathers Wednesday, 3 Jun 2015 | 10:22 AM ET

    *OPEC expected to keep output target unchanged on Friday. LONDON, June 3- Oil prices fell in volatile trade on Wednesday as investors adjusted positions ahead of a key meeting of OPEC oil producers. "There is consensus among Gulf OPEC countries, and others, to keep the ceiling unchanged," the OPEC delegate told Reuters in Vienna.

  • VIENNA, June 3- The top oil officials of Iraq, Venezuela and Angola said on Wednesday that $75 to $80 a barrel was now a "fair" price for oil, reflecting an emerging consensus on a possible new equilibrium for volatile markets. "The equitable price will be between $75 and $80," Iraqi oil minister Adel Abdel Mahdi told an OPEC seminar in Vienna. "We share the same opinion of...

  • VIENNA, June 3- Six months after OPEC upended oil markets and sent prices crashing, the head of U.S. oil giant ExxonMobil has an unusual message for the cartel: thanks. The price collapse has helped shine a sharper light on the highest-cost producers, Rex Tillerson, head of the world's largest publicly traded oil company, told a rare meeting of oil executives and OPEC...

  • *OPEC expected to keep output target unchanged on Friday. LONDON, June 3- Oil prices fell in volatile trade on Wednesday as the dollar rose and investors adjusted positions ahead of a key meeting of OPEC oil producers. "There is consensus among Gulf OPEC countries, and others, to keep the ceiling unchanged," the OPEC delegate told Reuters in Vienna.

  • VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived demand and knocked back growing competition. With oil prices having stabilized at around $65 a barrel, some $20 above their January lows, there's little appetite within the Organization of the Petroleum Exporting...

  • BEIJING, June 3- The head of the European Stability Mechanism said on Wednesday that it was not easy to say how negotiations with Greece would end, days before Athens is due to make the first of four payments to the International Monetary Fund.

  • Iraq, Venezuela see $75-80 as "fair" price for oil Wednesday, 3 Jun 2015 | 7:23 AM ET

    VIENNA, June 3- The top oil officials of Iraq and Venezuela said on Wednesday that $75 to $80 a barrel was now a "fair" price for oil, reflecting an emerging consensus on a possible equilibrium for volatile markets. Asked for his view while speaking at an OPEC seminar in Vienna, Iraqi oil minister Adel Abdel Mahdi said he believed $75 to $80 was fair.

  • UPDATE 2-OPEC to continue pumping oil at current rate Wednesday, 3 Jun 2015 | 6:04 AM ET

    VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived demand and knocked back growing competition. That marks a change in tone from OPEC's last meeting in November 2014, when Venezuela and others mounted an unsuccessful bid to convince Saudi Arabia and its Gulf allies to...

  • VIENNA, June 3- OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year's shock market therapy has revived moribund demand and knocked back growing competition. That marks a change in tone from OPEC's last meeting in November 2014, when Venezuela and others mounted an unsuccessful bid to convince Saudi Arabia and its Gulf...

  • BP CEO sees oil price "softness" in second half of 2015 Wednesday, 3 Jun 2015 | 5:18 AM ET

    VIENNA, June 3- BP Chief Executive Bob Dudley said on Wednesday he sees "some softness" in oil prices in the second half of the year as global supplies continue to grow. "Supply growth continues to go up. We are at a balance with the supply and demand right now, "he said on the sidelines of the Organization of the Petroleum Exporting Countries seminar.

  • Growth is also being buoyed by ultra-supportive central bank policy in the big developed economies and in many places outside the United States by a stronger dollar, which makes the exports of other currency zones relatively cheaper. The Paris- based Organisation for Economic Co-operation and Development, a think tank funded by its membership of primarily...