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  • *Differences remain between Saudis and Iran. The energy ministers of Saudi Arabia and Russia were to give a joint briefing later in the day in Algiers where OPEC and other oil producers were holding informal talks on the sidelines of the Sept 26-28 International Energy Forum. "We will consult with everyone else, we will hear the views, we will hear the secretariat...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. "Unless there's an impressive production cut by OPEC on top of a freeze, I think we'll give back...

  • GENEVA, Sept 26- Countries negotiating an international agreement on trade in services plan to meet in early December to try to finalize the deal, U.S. The Trade in Services Agreement, which would provide stronger international rules for sectors such as communications and banking, is being negotiated among 23 WTO members, including the 28- country European...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • A London townhouse on Mayfair’s Park Lane is up for rent for $5,172 per week and looks set to go to a super-rich student from the Middle East.

  • LONDON, Sept 26- Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Members of the Organization of the Petroleum Exporting Countries are meeting informally on the sidelines of the International Energy Forum in...

  • *Algeria minister says won't come out of meeting "empty-handed". LONDON, Sept 26- Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Members of the Organization of the Petroleum Exporting Countries are meeting...

  • OPEC and non- OPEC producers are expected to revive a production freeze deal for the first time in eight years when they meet in Algiers on Sept. 26-28 after a similar initiative collapsed in Doha in April because Iran refused to restrict its supplies. Iraq, along with Saudi Arabia, Iran and Russia has increased output to historic highs over the past year to fight...

  • LONDON/ DOHA, Sept 12- Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said. State-controlled Eni is looking to reduce a 50 percent stake in its giant Mozambique gas acreage as part of plans to sell 5 billion euros of...

  • *Traders say imports fell due to Tropical Storm Hermine. NEW YORK, Sept 8- Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Traders said the imports fell as ships delayed offloading cargos in Texas...

  • *Traders say imports fell due to Tropical Storm Hermine. NEW YORK, Sept 8- Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine. Tropical Storm Hermine, which threatened the Gulf Coast refining region last week,...

  • *China crude oil imports jump in August. NEW YORK, Sept 8- Oil prices soared more than 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks, driven by fewer imports into the U.S. Gulf Coast due to Tropical Storm Hermine last week. Tropical Storm Hermine, which threatened the Gulf Coast refining region last week, led to the...

  • *Qatar hit by profit-taking from rally on FTSE. DUBAI, Sept 8- Petrochemical shares supported Saudi Arabia's stock index on Thursday, benefiting from a bounce-back in crude oil prices, while Qatar underperformed as investors sold shares which had risen over the past month. "Investors are taking note of the slight improvement in oil prices and the fact that...

  • *China crude oil imports jump in August. If confirmed by data from the U.S. Department of Energy at 11:00 a.m. EDT, that will be the biggest drop in weekly inventories since 1985.. Brent crude oil rose 78 cents to $48.76 a barrel, a 1.6 percent gain, by 9:27 a.m. EDT.

  • Benchmark Brent crude oil was up 65 cents a barrel at $48.63 by 1220 GMT, after settling up 72 cents on Wednesday. U.S. light crude was up 75 cents at $46.25, having ended the previous session up 67 cents. But Tropical Storm Hermine, which threatened the Gulf Coast refining region last week before moving to the East Coast of the United States, led to the loss of some U.S....

  • LONDON, Sept 8- The oil options market indicates traders are not betting big on OPEC and rival Russia clinching a meaningful deal this month to control output, although investors have turned more optimistic. The oil price is heading for its first weekly rise in nearly a month after Saudi Arabia and Russia said on Monday they would work closely to monitor...

  • Benchmark Brent crude oil was up 75 cents a barrel at $48.73 by 1025 GMT, after settling up 72 cents on Wednesday. U.S. light crude was up 85 cents at $46.35, having ended the previous session up 67 cents. But Tropical Storm Hermine, which threatened the Gulf Coast refining region last week before moving to the East Coast of the United States, led to the loss of some U.S....

  • *China crude oil imports surge to second-highest ever. Benchmark Brent crude oil was up 80 cents a barrel at $48.78 by 0820 GMT, after settling up 72 cents on Wednesday. But Tropical Storm Hermine, which threatened the Gulf Coast refining region last week before moving to the U.S. East Coast, led to the loss of U.S. oil production.

  • TOKYO, Sept 8- Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest weekly drawdown in crude stocks in over three decades. London Brent crude for November delivery had climbed 66 cents to $48.64 a barrel by 0641 GMT, after settling up 72 cents on Wednesday. NYMEX crude for October delivery was up 76 cents...