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  • *New builds take Cushing stocks to 68.7 mln bbls- Genscape data. *U.S. govt had earlier reported 66.3 mln bbls record for Cushing. NEW YORK, March 3- Oil's rally lost steam on Thursday after three straight days of gains as growing record U.S. stockpiles countered OPEC plans for a production freeze, with some analysts saying the market has risen too much, too fast from 12-...

  • NEW YORK, March 3- Oil prices were largely steady in volatile trade on Thursday as growing record U.S. stockpiles muted a three-day rally inspired by OPEC plans for a production freeze, strengthening analysts' arguments the market has risen too much, too fast from 12- year lows. Brent futures, the global benchmark for crude, were down 1 cent at $36.92 a barrel by...

  • DUBAI, March 3- No decision on the date or venue of a possible meeting between OPEC and non- OPEC producers has been made yet, a Gulf OPEC delegate said on Thursday. The Gulf countries prefer that it would be held in the first half of April, and preferably in Doha, or some other Gulf city, "the delegate told Reuters. OPEC leader Saudi Arabia and non- OPEC member Russia, the...

  • *Some Qataris living beyond their means. DOHA, March 3- Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite the Gulf state's reputation for fabulous wealth. Many are borrowing enormous sums from local banks to finance lifestyles they cannot afford, according to a study by Qatar...

  • DUBAI/ DOHA, March 3- Low oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region's banks too, complicating their efforts to raise capital required by regulators. The impact of crude's fall from more than $100 to below $30 a barrel in less than 18 months has already been felt by oil and gas revenue dependent...

  • UAE's liquidity position is strong: NBAD CEO

    Alex Thursby, CEO of NBAD, says it is important to be aware of the liquidity situation and says there are issues in Saudi Arabia and Qatar.

  • *Four nations agreed to freeze oil output at Jan levels in Doha. Russia, Saudi Arabia, Qatar and Venezuela reached a preliminary agreement last month in Doha to freeze oil production for this year at levels reached in January, in a move to curb surplus supply on the global oil market. Following a meeting on Tuesday with the heads of Rosneft, Lukoil, Gazprom Neft,...

  • *Russia to continue consultation with global producers. MOSCOW, March 2- Russian President Vladimir Putin said on Wednesday that domestic oil producers have agreed to keep this year's oil output in line with January levels, the first time he had given his view in public on a production freeze. After months of falling world oil prices, a preliminary agreement was...

  • *Russia, Saudi Arabia, Qatar, Venezuela agree on oil output freeze. *Novak says Iran should be offered individual deal. Novak, who was negotiating the first potential global oil pact in 15 years in Doha, said Putin and the oil firms, which pumped at a new post-Soviet high in January at 10.88 million barrels per day, discussed the deal at the Kremlin.

  • *Attiyah suggests OPEC, non- OPEC cut of 2.5 million bpd. DOHA, Feb 24- OPEC and non- OPEC producers should cut production to balance the global oil market before a supply glut becomes unmanageable "like a cancer", Qatar's former oil minister Abdullah al-Attiyah said. Attiyah, influential in OPEC as Qatar's energy minister from 1992 to 2011, said a deal announced in...

  • DOHA, Feb 24- BeIn Media Group is optimistic of agreeing a deal to buy Californian film studio Miramax, the Qatari firm's deputy chief executive told Reuters on Wednesday. I think you might hear something on this in the short-term, " Yousef al-Obaidly, deputy CEO of state-owned Bein Media Group, told Reuters on the sidelines of a company event in Doha.

  • oil rig workers energy prices

    Pavel Molchanov, senior vice president and energy analyst at Raymond James, predicts oil could reach $60 by the end of the year.

  • At CERAWeek, OPEC Secretary General Abdalla Salem El-Badri told CNBC that oil producers are still "feeling the water" over a possible deal to freeze production.

    OPEC members are still undecided about oil production cuts, but the cartel is eager to participate in an effort to bring up oil prices.

  • CARACAS, Feb 22- A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela's Oil Minister Eulogio Del Pino, who called on OPEC and non- OPEC countries to join the agreement. Leading OPEC member Saudi Arabia, non- OPEC member Russia, Qatar and Venezuela agreed last week to freeze output at January...

  • Russian energy minister says oil freeze deal will be done by Mar 1

    Alexander Novak remains upbeat about the effort to freeze oil output at January levels.

  • Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1, Russia's energy minister told local television.

  • Barclays paid Qatari investors £346 million to secure participation in a 2008 emergency fundraising, a lawsuit by another key investor alleges. The Financial Times reports.

  • LONDON, Feb 19- The U.S. oil and gas industry has lost around 100,000 jobs over the last 16 months, according to the U.S. Bureau of Labor Statistics. Employment losses worldwide are probably at least double that figure. And these are only people employed directly by oil and gas producers, drilling contractors and other oilfield services firms.

  • *European shares rise 0.1 percent but FTSE slides 0.7 pct. LONDON, Feb 18- A four-day rally in world stocks cooled in Europe on Thursday, as oil prices steadied and nerves set in ahead of crunch talks between EU leaders aimed at keeping Britain in the 28- member bloc. London's FTSE lead the way down with a 0.7 percent fall as its miners dipped in tandem with oil and the...

  • *Iran's OPEC envoy says freezing Iranian output "illogical". The first mooted global oil pact in 15 years has so far failed to impress the market, which had expected a production cut instead of a freeze that could even turn into an increase if Iran wins special terms from fellow OPEC members. This cooperation between OPEC and non- OPEC members to stabalise the market...