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  • BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects for a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle, and was up 4.5 percent at $31.42 per barrel at 1510 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • *Traders rush to buy $25 puts for U.S. crude. *Goldman sees U.S. crude at $20- $40 until second half of 2016. *Iran offers crude to Asia at discount to Saudi Arabia.

  • *Iran offers crude to Asia at discount to Saudi Arabia. *Goldman sees U.S. crude at $20- $40 until second half of 2016. On Wednesday, U.S. government data showed Cushing inventories hit all-time highs just shy of 65 million barrels during the week ended Feb. 5.

  • *Iran offers crude to Asia at discount to Saudi Arabia. LONDON, Feb 11- Oil slid on Thursday, dented by record U.S. crude inventories at the Cushing delivery point, worries about the demand outlook, and as Goldman Sachs said prices would remain low and volatile until the second half of the year. In a sign that producers are still competing for market share by lowering...

  • Chinese investors bid $1.2B for Norwegian tech firm Opera Wednesday, 10 Feb 2016 | 9:38 AM ET

    HELSINKI— Opera Software, a Norwegian company behind one of the world's most popular browsers, says Chinese investors have made a $1.2 billion takeover offer, causing its stock to jump more than 30 percent. Opera, which began in 1991 as a research project at Norway's largest telecoms company, Telenor, later became Opera Software. Opera Software shares shot up 36...

  • Experts say GPS is vulnerable to signal loss from solar weather effects or radio and satellite interference or deliberate jamming, which South Korea experienced from North Korea in recent years. France, Norway, Germany and Denmark have closed their transmitters. George Shaw of the GLA cited "cost-related" issues in Europe for pulling the project, leading the...

  • LONDON, Feb 5- Oil is on track to end the week lower after two consecutive weeks of gains in a volatile Friday session, as bearish fundamentals pressure prices despite bullish indications earlier in the week. International benchmark Brent crude futures were 53 cents lower at $33.93 per barrel at 1454 GMT, and down from an intraday high of $35.14.

  • LONDON/ SINGAPORE, Feb 5- Crude oil futures steadied on Friday after earlier losses, as bearish fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day. International benchmark Brent crude futures were trading at $34.37 per barrel at 0917 GMT, down 9 cents from their last settlement after dipping below $34...

  • *Q4 adjusted EBIT NOK 15.2 bln vs NOK 13.9 bln in poll. OSLO/ LONDON, Feb 4- Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of cash. "Cost deflation has visibly intensified...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell 4 percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities sector from...

  • *Too early to speak of OPEC meeting- OPEC source in paper. LONDON, Feb 1- Oil fell nearly four percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline. "The weak China PMI is driving down prices because China weighs on the entire commodities...

  • *Oil majors' dividend yields soar as shares slide. LONDON, Jan 29- As Europe's top oil companies make deeper retrenchments due to slumping oil prices, their generous dividend policies are coming under closer scrutiny. Royal Dutch Shell, Total and BP are among those set to report dismal earnings next week for the last quarter of 2015 when oil prices averaged $43 a...

  • OSLO, Jan 28- The ethics watchdog for Norway's $800 billion sovereign wealth fund, the world's largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters. Eli Ane Lund, administrative leader of the ethics council, said the watchdog was currently investigating 14...

  • *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. A Middle Eastern shipping firm became one of the first to resume direct business with Iran after international sanctions on Tehran were lifted at the weekend, a reminder of how...

  • UPDATE 10-Oil plumbs new lows below $27 as rout persists Wednesday, 20 Jan 2016 | 3:24 PM ET

    *Venezuela suggests OPEC meeting; other delegates dismiss it. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. "The Iranians are clearly stepping it up to battle for market share in Europe," said John Kilduff, partner at Again Capital LLC in New York.

  • *U.S. crude hits September 2003 low under $27. *Venezuela moots OPEC meeting; other delegates dismiss it. A Venezuelan request for an emergency OPEC meeting to discuss steps to prop up prices did not stem declines.

  • *U.S. crude hits September 2003 low under $28. *Russia's Lukoil expects country's production to drop. It bounced back to trade down $1 at $27.46 as of 1239 GMT.