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  • *OPEC ends meeting without output ceiling. NEW YORK, June 2- Oil prices fell more than 1 percent on Thursday as the Organization of the Petroleum Exporting Countries ended a recent meeting without setting a ceiling for its production. Market participants had followed OPEC's gathering in Vienna for signs of agreement on reviving the group's collective output...

  • LONDON, June 2- European shares edged into negative territory on Thursday after OPEC failed to agree an output ceiling for oil and the European Central Bank revised its inflation and growth forecasts only slightly higher. Oil and gas shares were the top sectoral fallers, down 1 percent after an OPEC delegate told Reuters that OPEC was not changing its ouptut...

  • *OPEC keeps oil output policy unchanged. June 2- U.S. stocks fell on Thursday morning, weighed down by a fall in Apple as well as a drop in energy companies after OPEC failed to agree on output policy. The European Central Bank kept its negative interest rates unchanged and President Mario Draghi said inflation would likely remain very low or negative in the next few...

  • NEW YORK, June 2- Oil prices fell more than 1 percent on Thursday as the Organization of the Petroleum Exporting Countries ended its meeting without any apparent change in its crude production policy. Market participants had followed OPEC's gathering in Vienna for signs of agreement on reviving the group's collective output quota proposed by Saudi Arabia or...

  • BRUSSELS, June 2- The European Union executive threw its weight behind the "sharing economy" on Thursday, saying governments should only ban services such as ride-hailing app Uber and Airbnb as a last resort. In new guidelines intended to foster development of the new Internet-based services in Europe, the European Commission said any restrictions on them by EU...

  • VIENNA, June 2- The European Central Bank remains ready for any outcome from Britain's referendum on membership of the European Union on June 23- but it hopes the British stay in, ECB President Mario Draghi said on Thursday. "The ECB has a view whereby the UK should remain in the European Union because the European Union will benefit from its permanence, and we...

  • VIENNA, June 2- OPEC refrained from changing its oil output policy on Thursday, meaning the organisation failed to agree a new production ceiling, an OPEC delegate told Reuters.

  • OIL PRICES EDGE LOWER AFTER REUTERS REPORTS OPEC AGREES TO NO CHANGE IN POLICY, NO OUTPUT CEILING.

  • LONDON, June 2- Oil prices headed for their third week of gains on Thursday, holding steady ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh...

  • KIEV, June 2- Ukraine has set too high a reserve price for its flagship privatisation of Odessa Portside Plant that could deter reputable foreign investors from bidding, the IMF and EBRD told the government in a letter seen by Reuters on Thursday. In their letter to Prime Minister Volodymyr Groysman, the lenders said the valuation process- which set a reserve...

  • LONDON, June 2- Emerging stocks struggled higher on Thursday but investors remained cautious ahead of key U.S. data while Polish assets suffered after the European Union issued a warning over Warsaw's controversial reforms and amidst growing Brexit fears. "The latest batch of data from Europe was quite good, especially from Germany, so it's not really a...

  • REUTERS POLL-BRITISH POUND WOULD FALL 9 PERCENT IN IMMEDIATE AFTERMATH OF BREXIT VOTE TO LEAVE EUROPEAN UNION- FX STRATEGISTS.

  • REUTERS POLL-BRITISH POUND WOULD GAIN 4 PERCENT IN IMMEDIATE AFTERMATH OF VOTE TO REMAIN IN EUROPEAN UNION- FX STRATEGISTS.

  • LONDON, June 2- The British pound would sink 9 percent against the dollar in the immediate aftermath of Britons voting to leave the European Union on June 23, a Reuters poll of foreign exchange strategists showed on Thursday. When asked in April how sterling would fare, median forecasts suggested it would gain the same 4 percent soon after an' In' vote but would fall 7...

  • VIENNA, June 2- OPEC still has a role in managing oil markets such as responding to short-lived supply disruptions, Saudi Energy Minister Khalid al-Falih told Argus Media in an interview. "There could be shorter-term situations in which, in our view, OPEC might intervene and yet other situations- such as long-term growth of marginal barrels- in which case it should...

  • LONDON, June 2- Oil prices held broadly steady on Thursday, set for their third week of gains, ahead of an OPEC meeting that analysts said was not expected to result in restrictions on crude output. The Organization of the Petroleum Exporting Countries is set for another showdown between rivals Saudi Arabia and Iran when it meets on Thursday in Vienna, with Riyadh...

  • LONDON, June 2- British construction orders fell last month for the first time in more than three years, as concern about a June 23 referendum on whether Britain should remain a member of the European Union prompted companies to put off new projects, industry figures showed on Thursday. The new orders component fell especially sharply, dropping to 48.1 from 50.1,...

  • Russia, the world's top oil producer, had been steadily increasing oil output despite a fall in global oil prices as a weaker rouble helped to offset oil companies' losses. OPEC, in which Russia is not a member, meets on Thursday in Vienna after major crude producers in April failed to seal a deal to freeze output to help the market stabilize. Preliminary data from the...

  • VIENNA, June 2- Algerian Energy Minister Salah Khebri hopes OPEC will return to an oil output ceiling with production quotas for individual member countries, he told reporters on Thursday.

  • VIENNA, June 2- Angolan Oil Minister Jose Botelho de Vasconcelos said on Thursday he believed there was a possibility that he and his OPEC counterparts could reach a decision on a possible ceiling on the group's crude output. Botelho de Vasconcelos told reporters that an oil price of $60 was not bad, but " $80 would be better." Several OPEC sources said on Wednesday...