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World Economy International Organizations

  • ST PETERSBURG, Russia, June 2- OPEC oil producers could be wasting their efforts by cutting output as rising U.S. production threatens to deliver a wave of new supply next year, Igor Sechin, the head of Russian oil company Rosneft, said on Friday. Sechin, one of the closest allies of Russian President Vladimir Putin, long opposed the idea of Russia joining cuts but...

  • *Rising U.S. output has been blunting OPEC efforts to clear glut. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Commodity markets were absorbing news the United States would withdraw from the landmark 2015 global agreement to fight climate...

  • Surging U.S. production has put a strain on OPEC members' efforts to curb production cuts in a bid to drain a global crude supply overhang and to prop up prices. A week ago, the Organization of the Petroleum Exporting Countries and some non- OPEC members met in Vienna to roll over the output cut deal to reduce 1.8 million barrels per day until the end of next March.

  • DECISION TO WITHDRAW FROM PARIS DEAL' A MAJOR DISAPPOINTMENT,' CRUCIAL THAT U.S.

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save a global pact against climate change from which U.S. As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also address North Korea's missile tests and global steel...

  • BRUSSELS, June 1- Social media companies like Facebook, Twitter and Google's YouTube have stepped up both the speed and number of removals of hate speech on their platforms in response to pressure from the European Union to do more to tackle the issue, according to the results of an EU evaluation. Facebook won particular praise for reviewing most complaints...

  • CANADA FOREIGN MINISTER, ASKED IF SOFTWOOD LUMBER COULD BE BROUGHT INTO NAFTA, SAYS' WE ARE OPEN TO ANYTHING THAT WORKS'.

  • *OPEC discussed deepening output cut by 1-1.5 pct- sources. NEW YORK, June 1- Oil prices rose about 1 percent on Thursday after a larger-than-expected draw in U.S. inventories, providing some relief amid investor scepticism that OPEC- led cuts will be enough to rebalance an oversupplied market. On Wednesday, a Reuters survey found output from the Organization of...

  • *OPEC discussed deepening output cut by 1-1.5 pct- sources. NEW YORK, June 1- Oil prices rose about percent on Thursday after a larger-than-expected draw in U.S. inventories, providing some relief amid investor scepticism that OPEC- led cuts will be enough to rebalance an oversupplied market. On Wednesday, a Reuters survey found output from the Organization of the...

  • ALGIERS, June 1- Algeria's state energy firm Sonatrach has completed a new natural gas pipeline as it tries to meet local demand and increase exports, state radio reported on Thursday, citing the company's chief executive. OPEC member Algeria has been hit by a fall in budget revenues since the decline in crude oil prices, forcing the government to freeze...

  • LONDON, June 1- U.S. oil production continues to rise relentlessly, frustrating efforts by OPEC and non- OPEC oil exporters to rebalance the global market and secure an increase in the price of crude. Most of the extra output between September and March came from oilfields in the Gulf of Mexico, where production increased by 257,000 bpd, and Alaska, where output was...

  • BRUSSELS, June 1- The European Union warned the United States on Thursday that its investigation into U.S. steel imports should be limited to issues of national security and not result in unjustified, sweeping measures on exporting nations. President Donald Trump launched a trade investigation in April against China and other exporters of steel into the U.S....

  • *OPEC proposed cutting output by 1-1.5 pct last week. LONDON, June 1- Oil prices pared early gains on Thursday despite U.S. industry data showing a big drop in crude stocks last week, with investors skeptical that OPEC- led cuts will be enough to rebalance an oversupplied market. "Sentiment is very poor and yesterday's survey from Reuters regarding OPEC production...

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save a global pact against climate change from which U.S. As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also address North Korea's missile tests and global steel...

  • BRUSSELS, June 1- China and the European Union will seek on Friday to save an international pact against climate change from which U.S. As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also discuss North Korea's missile tests and global steel...

  • June 1- Biogen Inc on Thursday said its drug, Spinraza, had secured European Union approval to treat spinal muscular atrophy, a leading genetic cause of death in infants. It is the first European Commission- approved medicine for use across the full range and severity of the devastating disease that affects about one in 10,000 live births. Based on the European...

  • DUBAI/ LONDON, June 1- OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices. OPEC officials nonetheless hope an inventory glut will ease in the next few months as market fundamentals move...

  • LONDON, June 1- Oil prices pared gains reached earlier in the session on Thursday, despite U.S. industry data showing a big drop in crude stocks last week, as the market remains suspicious whether OPEC cuts will be enough to rebalance an oversupplied market. The contracts fell about 3 percent to three-week lows on Wednesday after news that an increase in Libyan oil...

  • LONDON, June 1- A Conservative victory in June 8' s election would give Britain the strongest hand in EU divorce talks and lift sterling, economists polled by Reuters said, although nearly as many felt a coalition government would secure the best Brexit deal. Britons voted nearly a year ago to leave the European Union and Prime Minister Theresa May triggered...

  • LONDON, June 1- A Conservative victory in June 8' s election would give Britain the strongest hand in EU divorce talks and lift sterling, economists polled by Reuters said, although nearly as many felt a coalition government would secure the best Brexit deal. Britons voted nearly a year ago to leave the European Union and Prime Minister Theresa May triggered...