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  • *Venezuela says OPEC, non- OPEC nations plan March meeting. LONDON, Feb 24- Oil fell below $33 a barrel on Wednesday after Saudi Arabia ruled out production cuts and U.S. crude inventories rose, though a decline in U.S. gasoline stocks limited losses. OPEC and non- OPEC producers who support the idea are planning a mid-March meeting, his Venezuelan counterpart said.

  • LAGOS, Feb 24- The International Monetary Fund called on Wednesday for Nigeria to lift foreign exchange curbs and let the naira reflect "market forces" more closely, also urging more fiscal discipline and structural reform to bolster growth. "The exchange rate should be allowed to reflect market forces more and restrictions on access to foreign exchange...

  • NIGERIA SHOULD REMOVE DOLLAR SUPPLY RESTRICTIONS, ALLOW NAIRA RATE TO REFLECT "MARKET FORCES" MORE CLOSELY- IMF.

  • NIGERIA NEEDS TO SHOW "FISCAL DISCIPLINE" AND IMPLEMENT STRUCTURAL REFORMS TO BOLSTER GROWTH- IMF.

  • NIGERIA TO SHOW GDP GROWTH OF 3.2 PCT IN 2016, 4.9 PCT IN 2017- IMF.

  • BERLIN, Feb 24- Germany expects "intensive discussions" about the weaker global growth outlook at a meeting of G20 finance ministers in China this week, a senior German government official said on Wednesday, but believes European growth will stay steady. Despite the lowered outlook, Germany expects the moderate economic upswing to continue, especially in...

  • *Attiyah suggests OPEC, non- OPEC cut of 2.5 million bpd. DOHA, Feb 24- OPEC and non- OPEC producers should cut production to balance the global oil market before a supply glut becomes unmanageable "like a cancer", Qatar's former oil minister Abdullah al-Attiyah said. Attiyah, influential in OPEC as Qatar's energy minister from 1992 to 2011, said a deal announced in...

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. LONDON, Feb 24- Oil fell below $33 per barrel on Wednesday after Saudi Arabia ruled out production cuts and an industry report said U.S. crude stockpiles hit a record, underlining the supply glut. OPEC and non- OPEC producers who support the idea are planning a mid-March meeting, his Venezuelan counterpart...

  • ABU DHABI, Feb 24- OPEC and non- OPEC producers should act quickly to rebalance the global oil market, otherwise they risk deep damage that could take a long time to fix, a senior Iraqi oil official said on Wednesday. Falah Alamri, Iraq's OPEC governor and head of the State Oil Marketing Organisation, did not say if Iraq would join other oil producers in the freeze deal...

  • *China's economy and macro-management also in focus. SHANGHAI, Feb 24- Investors hoping for a grand plan from the world's top financial officials to stabilize shaky markets are set for disappointment, insiders say, when finance ministers and central bankers gather this week in Shanghai to discuss the troubled global economy. With divergent monetary policies...

  • *Iran calls proposed production freeze "laughable". SINGAPORE, Feb 24- Oil prices slid in early trading on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles. Saudi Arabia's oil minister Ali Al-Naimi said on Tuesday that a...

  • SINGAPORE, Feb 24- Oil prices slid in early trading on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles. Saudi Arabia's veteran oil minister Ali Al-Naimi said on Tuesday at a conference in Houston, Texas, that a coordinated...

  • CARACAS, Feb 23- A recently-announced Venezuelan military company will provide services to state oil company PDVSA, especially in terms of security in the crime-ridden OPEC country, the company's president said on Tuesday. For instance in border areas, we're going to increase our security, in operational issues where our soldiers are perfectly prepared, " Del...

  • CARACAS, Feb 23- Venezuelan state oil company PDVSA is in talks with international banks over refinancing the company's debt, according to its president, as the OPEC member country grapples with major bond payments amid an oil price rout. "We're in the middle of this," Eulogio Del Pino told Reuters about potential debt refinancing as he entered the country's...

  • HOUSTON, Feb 23- OPEC leader Saudi Arabia, not the United States and its shale fields, is the world's true swing oil producer, able to start or stop production quickly in response to demand, the chief executive of Hess Corp said on Tuesday. By describing Saudi Arabia's role as the globe's swing producer, Hess is effectively acknowledging that the country and OPEC's...

  • *Large gap between OPEC figures on Iran's production. LONDON, Feb 23- When Russia and three OPEC members led by Saudi Arabia agreed a week ago to work on a global deal to freeze oil output, they could not have been more specific about the timeframe from which the freeze would start- January 2016. For years, these discrepancies have been visible through what OPEC...

  • Feb 23- The chief executive of JPMorgan Chase& Co's corporate and investment bank predicted "massive uncertainty" if Britain votes to exit the European Union in a referendum expected to be held in June. For JPMorgan, the impact of a vote for so-called' Brexit' could range from moving "a few hundred salespeople" to being forced to "duplicate the whole infrastructure"...

  • *UAE, Kuwait, Saudi Arabia tell India no discount on OSPs. *IOC may double Kuwait oil imports to 200,000 bpd in FY17. In the last two months officials from Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd visited Abu Dhabi, Kuwait and Saudi Arabia to negotiate deals for the next fiscal year beginning in...

  • *European Commission's priority is to establish the facts. BRUSSELS, Feb 23- All European Union nations except for France and Italy have replied to the European Commission's request for information from member states in connection with Volkswagen's emissions scandal, an EU source said on Tuesday. He did not name the countries, but an EU official, speaking on...

  • The London- based intergovernmental organization raised its global deficit forecast for 2015/ 16 to 5.0 million tonnes, on expectations of lower output in India, Thailand, Brazil and the European Union. Sergey Gudoshnikov, a senior economist at the ISO, said it had scaled back its estimates for output in number 2 producer India by 500,000 tonnes and in Thailand,...