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  • WASHINGTON, Jan 26- The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets. In its annual Commodity Markets Outlook, the World Bank lowered its price forecast for 37 of 46 commodities, including oil, saying that weak demand from emerging...

  • LONDON, Jan 26- Airline easyJet will campaign for Britain to stay in the European Union, with its chief executive telling consumers that membership encourages low cost travel between European cities. Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then allow voters a referendum on EU membership by the end of 2017..

  • *Crude oil prices hover around $30 per barrel. Jan 26- Wall Street edged higher on Tuesday morning, driven by strong earnings reports and recovering oil prices, ahead of the Federal Reserve's policy meeting and Apple's results. Crude prices steadied above $30 a barrel on hopes that OPEC and non- OPEC producers would come together to tackle a massive supply glut.

  • MILAN, Jan 26- European shares steadied by midday on Tuesday, recovering after sharp losses earlier in the session, as crude oil prices bounced back above $30 on hopes of deal to tackle a global supply glut. The STOXX Europe 600 Oil and Gas index was up more than 1 percent after falling earlier, after oil prices rose on expectations that OPEC and non- OPEC producers may...

  • *Kuwait reiterates OPEC cannot cut oil output alone. LONDON, Jan 26- Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non- OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. Iraq's oil minister said on Tuesday he saw some flexibility for a deal between OPEC and non- OPEC.

  • COPENHAGEN, Jan 26- Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday. With the International Monetary Fund expecting world economic growth of 3.4 percent in 2016, that would...

  • *Kuwait reiterates OPEC cannot cut oil output alone. LONDON, Jan 26- Oil dropped to $30 a barrel on Tuesday, trading within sight of a 12- year low on concerns about excess supply and more signs of a Chinese economic slowdown. An oil official in Kuwait downplayed the prospect of an emergency OPEC meeting and predicted 2016 would be tough with prices remaining low-...

  • KUWAIT, Jan 26- Kuwait's OPEC governor said on Tuesday that this year would be tough, with oil prices seen recovering only after 2016 but remaining between $40 and $60 a barrel until 2020.. We are talking about $40- 60, that is after 2016, "said Fuzaia, who is No. 2 in Kuwait's delegation to the Organization of the Petroleum Exporting Countries after the oil minister.

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices recoiled 6 percent on Monday, again nearing the pivotal $30- a-barrel threshold before the close, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-...

  • *Lukoil says Russia needs to work with OPEC. *OPEC sec-gen urges non- OPEC to help tackle excess supply. *OPEC evaluating whether to hold emergency meeting.

  • BRUSSELS, Jan 25- European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Monday. The European Commission action will mark the first of several automobile-related cases scheduled for 2016 and is the latest in a series of...

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices fell as much as 5 percent on Monday, wiping out some of the surge at the end of last week, as investors' focus returned to the market's oversupply amid news that Iraq's output reached a record last month.

  • *OPEC discussing holding extraordinary meeting- Qatar energy min. *OPEC's Badri says sees signs that market is rebalancing. NEW YORK, Jan 25- Oil prices resumed their slide on Monday, falling about 4 percent to wipe out some of the surge at the end of last week, on news that Iraq flooded a massively oversupplied oil market with record output last month.

  • *OPEC sec-gen urges non- OPEC to help tackle excess supply. *OPEC evaluating whether to hold emergency meeting. LONDON, Jan 25- OPEC officials said on Monday the oil market was poised to start rebalancing itself after prices sank to their lowest since 2003, a sign the exporter group will stick to its policy of not cutting supplies without help from rival producers.

  • *Russia has refused to cooperate with OPEC. MOSCOW, Jan 25- Russia needs to start working with OPEC to cut oil supplies to the world market to try to support prices, Leonid Fedun, vice-president of Lukoil, Russia's second largest oil producer, was quoted as saying on Monday. OPEC and Russia, the world's top oil producers, have refused to cooperate to help buoy global oil...

  • LONDON, Jan 25- OPEC is still evaluating the need for an extraordinary meeting after receiving a request to hold such a gathering because of a steep fall in oil prices, Qatar's energy minister Mohammed al-Sada said on Monday. "We received a request and oil ministers are discussing that," he said. Qatar holds OPEC's rotating presidency this year.

  • *Indonesia says chances of extra OPEC meeting are slim. LONDON, Jan 25- Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week. "The news that Iraq has probably hit another record builds on the oversupply...

  • MOSCOW, Jan 25- Russia needs to start working with OPEC to cut oil supplies to the world market in a bid to support prices, Leonid Fedun, vice-president of Russia's No.2 oil producer Lukoil, was quoted as saying on Monday. Russia, the world's top oil producer, has long refused to cooperate with OPEC while regularly meeting officials from the cartel.

  • *Indonesia says chances of extra OPEC meeting are slim. LONDON, Jan 25- Oil prices fell 4 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gain made in one of the biggest-ever daily rallies last week. Indonesia's OPEC governor said that support among the Organization of the...

  • *Brent drops to $31.50/ bbl, U.S. crude to $31.60. Brent lost 67 cents to $31.51 a barrel by 0816 GMT. Adding to that, Indonesia's OPEC governor said that support among the Organization of the Petroleum Exporting Countries for taking steps to prop up crude oil prices is slim, with only one OPEC country supporting an emergency meeting over the matter.