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World Economy International Organizations

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • Economy Minister Ildefonso Guajardo will also meet with auto parts makers that have operations in Detroit and Mexico, the ministry said. Wary of Trump's unpredictability, Mexico is not counting on talks with the White House to save it from a possible trade war. "Thanks to NAFTA, Mexico and Michigan have built a dynamic trade relationship," the ministry said, noting...

  • *Russia Feb output steady, no deeper cuts in production. *Lower output by OPEC members offers some support. Russia's February oil output was unchanged from January at 11.11 million barrels per day, energy ministry data showed, with cuts remaining at 100,000 bpd or just a third of the levels pledged by Moscow under the agreement with the Organization of the...

  • MEXICO CITY, March 2- Mexico's economy minister will travel to Detroit on Friday to meet with executives from automakers Ford Motor Co and General Motors Co as Mexico seeks to deter U.S. Economy Minister Ildefonso Guajardo will also meet with auto parts makers that have operations in Detroit and Mexico, the ministry said in a statement. "Thanks to NAFTA, Mexico and...

  • *Russia Feb output steady, no deeper cuts in production. *Lower output by OPEC members offers some support. Russia's February oil output was unchanged from January at 11.11 million barrels per day, energy ministry data showed, with cuts remaining at 100,000 bpd or just a third of the levels pledged by Moscow under the agreement with the Organization of the...

  • KIEV, March 2- Ukraine's central bank chief suggested on Thursday she may not stay in her post for much longer, citing protests that have included a coffin left at her door. Asked if the latest memorandum with the International Monetary Fund would be the last with her signature on it, Gontareva told journalists: "That could be the case." Under her stewardship, the...

  • *Lower output by OPEC members offers some support. Benchmark Brent crude oil fell $1.06 a barrel to a low of $55.30, before recovering to around $55.70 by 1445 GMT. Crude oil prices slipped after the release of the Russian data but remained within tight trading ranges, supported by evidence of OPEC production cuts designed to reduce the oversupply that has...

  • BRUSSELS, March 2- Emirates has rejected claims by Lufthansa and Air France-KLM in a letter to the EU that competition from Gulf airlines had forced them to terminate services to Asia. The letter from the CEOs of the French and German carriers this week asked the European Union executive to act over what they say are unfair practices by the Gulf airlines that have...

  • WARSAW/ BRUSSELS, March 2- Poland is challenging draft carbon market reforms agreed by most European Union governments this week, saying the deal is not-binding because it did not have the full backing of the bloc's 28 nations, the country's environment ministry said on Thursday. Poland does not rule out taking the issue to the European Court of Justice to...

  • *But lower output by OPEC members underpins sentiment. Benchmark Brent crude oil was down 75 cents a barrel at $55.61 by 1310 GMT. Crude oil prices slipped after the release of the Russian data but remained within tight trading ranges, supported by evidence of OPEC production cuts designed to reduce the oversupply that has weighed on prices for more than two...

  • LONDON, March 2- U.S. crude oil production appears to be rising strongly thanks to increased shale drilling as well as rising offshore output from the Gulf of Mexico. Production averaged almost 9 million barrels per day in the four weeks to Feb. 24, according to the latest weekly estimates published by the Energy Information Administration.

  • INTERVIEW-RUSSIAN ENERGY MINISTER NOVAK SAYS OPEC, NON-OPEC DEAL FORESEES OPTION OF EXTENDING OIL OUTPUT CUTS INTO H2, BUT PREMATURE TO SAY IF THAT WILL HAPPEN.

  • The Organization of the Petroleum Exporting Countries and non- OPEC producers, led by Russia, in December reached their first deal since 2001 to jointly curtail oil output, by around 1.8 million barrels per day. OPEC sources told Reuters last month that the group could extend the pact with non-members or even apply deeper cuts from July if global crude...

  • *Russia cuts oil production in Feb from Oct by 100,000 bpd. MOSCOW, March 2- Russia's oil output stayed unchanged in February from the previous month, with cuts at just a third of the levels pledged by Moscow under a global deal to reduce production, Energy Ministry data showed on Thursday. OPEC and other large producers led by Russia agreed late last year to reduce...

  • *But lower output by OPEC members underpins sentiment. Benchmark Brent crude oil was down 50 cents a barrel at $55.86 by 1125 GMT. Crude oil prices slipped after the release of the Russian data but remained locked within tight trading ranges, supported by evidence of OPEC production cuts designed to reduce the oversupply that has weighed on prices for more than...

  • *But lower output by OPEC members underpins sentiment. Benchmark Brent crude oil was down 50 cents a barrel at $55.86 by 1015 GMT. Crude oil prices slipped after the release of the Russian data but remained locked within tight trading ranges, supported by evidence of OPEC production cuts designed to reduce the oversupply that has weighed on prices for more than...

  • *Support from lower-than-expected build up, OPEC cuts. West Texas Intermediate futures slipped 12 cents, or 0.2 percent, to $53.71 a barrel by 0752 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance with output cuts offset rising U.S. oil reserves.

  • BEIJING, March 2- China's commerce ministry hopes the European Union will completely halt anti-dumping and anti-subsidy measures on Chinese solar panels, the ministry said in a statement on its website on Thursday.

  • *Support from Lower than expected build up, OPEC cuts. West Texas Intermediate futures slipped 10 cents, or 0.2 percent, to $53.73 a barrel by 0249 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance with output cuts offset rising U.S. oil reserves.

  • SINGAPORE, March 2- Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. West Texas Intermediate futures slipped 12 cents, or 0.2 percent, to $53.71 a barrel by 0025 GMT. Still, oil remained locked within a tight trading range as strict OPEC compliance...