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World Economy International Organizations

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. The market, which retreated early in U.S. trading, turned positive after reports that Saudi Arabia said it wants to extend...

  • *Saudi Arabia said to want OPEC cuts extended- Dow Jones. BOSTON, April 11- Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue OPEC cuts for an additional six months. The market turned positive after reports that Saudi Arabia told OPEC officials it wants to extend production cuts enacted...

  • OIL PRICES TURN POSITIVE AFTER REPORT THAT SAUDI ARABIA WANTS OPEC TO EXTEND CUTS- CNBC, CITING DOW JONES.

  • BOSTON, April 11- Crude oil edged back from a five-week high on Tuesday as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 33 cents from its previous close at $55.55 per barrel at 11:38 a.m. EDT. West Texas Intermediate...

  • *OPEC cuts show 104 pct compliance with target in March. Production from the 11 OPEC members with output targets under the deal has averaged 29.757 million bpd, according to average assessments of secondary sources OPEC uses to monitor its output. This means production has fallen by more than OPEC said it would and amounts to 104 percent adherence to the supply...

  • OPEC'S 11 STATES WITH OIL OUTPUT TARGETS COMPLY 104 PCT WITH CURBS IN MARCH OPEC SECONDARY SOURCES ASSESSMENT SEEN BY REUTERS.

  • OPEC OIL OUTPUT DATA FROM SECONDARY SOURCES MAY BE REVISED BEFORE PUBLICATION ON WEDNESDAY OPEC SOURCES.

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 45 cents from its previous close at $55.53 per barrel at 1425 GMT. "Geopolitical tensions are bad...

  • LONDON, April 11- OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline. The Organization of the Petroleum Exporting Countries explicitly said a joint deal with non- OPEC producers to cut some 1.8 million bpd in the first half of 2017 was aimed at slashing an excess...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 8 cents from its previous close at $55.90 per barrel at 1225 GMT. West Texas Intermediate fell by 9...

  • DAR ES SALAAM, April 11- Uncertainty over government policies and a slowdown in the private sector cut Tanzania's gross domestic product growth to an estimated 6.9 percent in 2016 from 7.2 percent the previous year, the World Bank said on Tuesday. "Policy adjustments, if they occur frequently, could cause uncertainty for the private sector, and this uncertainty...

  • LONDON, April 11- Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states. Brent crude, the international benchmark for oil, was down 10 cents from its previous close at $55.88 per barrel at 1051 GMT. West Texas Intermediate fell by...

  • BRUSSELS, April 11- The European Union will focus on infrastructure, green and risk finance to boost funding for the economy, a European Commission vice president said on Tuesday, noting Britain's departure could deprive the EU of its largest financial center. The plan has so far made little headway and was further weakened by Brexit, potentially making it more...

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • *OPEC cuts, tension over Syria support market. NEW YORK, April 10- Oil rose toward $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield over the weekend and geopolitical tensions following last week's U.S. missile strike on Syria. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market, "said Phil Flynn, an...

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC- led supply cut is helping to clear excess supplies.

  • KIEV, April 10- Ukraine's central bank governor, Valeria Gontareva, resigned on Monday, depriving the country of a tough reformer capable of taking on vested interests at a time when the economy is just recovering from a steep recession. The resignation-- effective on May 10-- comes a week after the International Monetary Fund, which supports Ukraine with a $17.5...

  • WASHINGTON, April 10- Global trade has brought benefits from increased productivity to lower prices but governments have not adequately helped workers and communities hit hard by imports, the world's top multilateral economic institutions said on Monday. In a report that serves as their answer to the Trump administration's more protectionist trade...

  • *Libya's Sharara oilfield shut again- source. *OPEC cuts, tension over Syria support market. LONDON, April 10- Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike.

  • KIEV, April 10- Ukraine's central bank governor, Valeria Gontareva, resigned on Monday, depriving the country of a tough reformer capable of taking on vested interests at a time when the economy is just recovering from a steep recession. The resignation-- effective on May 10 if it is accepted by the president-- comes a week after the International Monetary Fund, which...