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  • LONDON, Nov 5- The Saudi-Russian battle for Europe's crude oil buyers intensified this week as Swedish refiner Preem bought its first cargo of Saudi Arabian crude oil in around two decades, trading sources said. The purchase from another traditional buyer of Russia's Urals crude will heat up the contest for market share that Saudi Arabia has effectively...

  • *OPEC oil ministers due to meet in early Dec. LONDON, Nov 5- Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed U.S. inventory levels had risen for a sixth week and mounting evidence of weakness spreading through the physical market. On Thursday, Brent crude futures were up 24 cents to $48.82 a barrel by 0913 GMT although...

  • *OPEC oil ministers due to meet in early Dec. U.S. crude was up 2 cents at $46.34 a barrel by 0745 GMT. Contributing to the general bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the producer group.

  • Contributing to the general bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the producer group. OPEC oil ministers are due to meet on Dec. 4 to decide whether to extend the strategy of allowing prices to fall to slow higher-cost rival supply. Saudi Arabia, the biggest OPEC producer,...

  • Crude futures edge up, but U.S. inventory build drags Wednesday, 4 Nov 2015 | 8:19 PM ET

    Contributing to the general bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the producer group. OPEC oil ministers are due to meet on Dec. 4 to decide whether to extend the strategy of allowing prices to fall to slow higher-cost rival supply. Saudi Arabia, the biggest OPEC producer,...

  • NEW YORK, Nov 4- Crude oil futures fell 4 percent on Wednesday, wiping out gains from the previous day's rally, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market. Adding to bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the producer...

  • NEW YORK, Nov 4- Crude oil futures fell nearly 4 percent on Wednesday, almost wiping out gains from the previous day, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market. Adding to bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the...

  • BRASILIA, Nov 4- Brazil's sharp reduction of deforestation in the Amazon has cut its carbon footprint 40 percent since 2000, but the country must do more to reach a sustainable environment, the Organization for Economic Co-operation and Development said on Wednesday. The land area under environmental protection, critical in combating deforestation, has...

  • NEW YORK, Nov 4- Crude oil futures fell about 3 percent on Wednesday, wiping out most of their gains from the previous day, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market. Adding to bearish sentiment was an internal OPEC document published by Reuters that showed weaker demand in the next few years for oil from the...

  • UPDATE 6-Oil falls below $50 on U.S. stocks build Wednesday, 4 Nov 2015 | 10:57 AM ET

    *OPEC sees tepid demand for its oil. LONDON/ NEW YORK, Nov 4- Oil prices fell back below $50 a barrel on Wednesday after a U.S. government report showed a higher than expected build in oil stocks as well as on OPEC's expectations that demand for its oil will remain under pressure in the next years. A draft report by OPEC on its long-term strategy, seen by Reuters, said...

  • BEIJING/ SHANGHAI, Nov 4- International Monetary Fund policymakers plan to meet in November to review whether to include the Chinese yuan in the Fund's reserve currency basket, but a specific date has not been set, the IMF said in a statement on Wednesday. China Business News, a respected domestic finance newspaper, said on its website that the IMF was pushing back...

  • *Report sees demand for OPEC crude falling in next few years. *Iran recommends OPEC set price target, adjust output. The draft report of OPEC's long-term strategy, seen by Reuters, forecasts crude supply from OPEC- which has an output target of 30 million barrels per day- falling slightly from 2015' s level until 2019, unless output slows faster than expected in rival...

  • WASHINGTON, Nov 4- The International Monetary Fund plans to hold a board meeting in November to consider its review of the SDR currency basket, an IMF spokesman said in a statement. "As we said before, the IMF Executive Board is expected to meet in November to consider the Review of the SDR currency basket. The exact Board meeting date will be communicated once it has...

  • EU'S TUSK, JUNKER TO PUSH FOR GLOBAL RESPONSE TO EUROPE'S REFUGEE CRISIS AT G20 MEETING THIS MONTH- LETTER TO OTHER EU LEADERS.

  • Vitor Constancio, Vice President of the Supervisory Board of the European Central Bank in February, 2014.

    Monetary policy should not be used to address bubbles, European Central Bank Vice President Vitor Constancio said on Wednesday.

  • KUWAIT OIL MINISTER SAYS OPEC SHOULD MAINTAIN UNITY AND NOT CUT PRODUCTION ALONE.

  • FRANKFURT, Nov 4- The euro zone should introduce a single scheme to protect savers across the euro zone, the president of the European Central Bank said on Wednesday, adding that failure to make such a reform undermined the currency union. While not the first time Mario Draghi has called for such a move, his warning applies pressure on Germany and others to end a...

  • LONDON, Nov 4- Specialty medicines for which pharmaceutical companies demand high prices are straining wealthy nations' health budgets, the OECD said on Wednesday, with drugs accounting for some 20 percent of all health spending. Across the 33 OECD countries, pharmaceutical spending reached $800 billion in 2013, and new drugs and rising demand are likely to...

  • BEIJING/ SHANGHAI, Nov 4- The International Monetary Fund's Beijing office told Reuters no date had been set for reviewing whether to include the Chinese yuan in its reserve currency basket, responding to a report in local media that the review would be delayed. China Business News, a respected domestic finance newspaper, said on its website that the IMF was...

  • SHANGHAI, Nov 4- The International Monetary Fund has not set a concrete date to review the possible inclusion of China's yuan in the Special Drawing Rights basket, a Beijing- based IMF official said on Wednesday. The local China Business News said earlier that the IMF had postponed its decision on whether to include the yuan until Nov. 30, after having originally...