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  • *Saudis, Iran may ramp up output in race for customers. SINGAPORE, April 26- Crude oil futures dipped on Tuesday as analysts warned of an intensifying producer race between Saudi Arabia and Iran, wiping out earlier price gains that came from a weaker dollar and a flood of new cash into the market. And while BP's chief executive Bob Dudley said on Tuesday that "robust...

  • DUBAI, April 23- Iran's oil minister said on Saturday that last week's Doha meeting to freeze oil production, despite its failure, was a positive step and Iran would support any plan to stabilise the market. "Doha meeting was not fruitful but we see it as a positive step as it initiated negotiations between OPEC and non- OPEC member countries and showed to the main oil...

  • *More output seen from Russia, Iran, Saudi Arabia and Libya. NEW YORK/ LONDON, April 21- Oil prices fell 3 percent on Thursday, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing U.S. crude stockpiles. IEA chief Fatih Birol said low oil prices had cut investment by about 40 percent in the past two...

  • *Oil market is turning, Doha or no Doha- Badri. PARIS, April 21- Oil-producing nations will discuss an oil output freeze at OPEC's meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha. But it fell apart on Sunday in Doha after Saudi Arabia insisted Iran took part,...

  • TOKYO, April 21- Asian shares held near 5-1/ 2- month highs on Thursday as oil prices rallied over 4 percent overnight thanks to a smaller than expected increase in U.S. crude inventories and abiding hopes that producers may eventually agree ways to ease a global glut. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent while Japan's...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent while Japan's Nikkei gained 2.0 percent. Oil bulls also bet that major crude producers would meet again to try to curtail output even as Moscow denied media reports that Russia planned to host such a meeting. Just on Sunday, Russia and OPEC nations failed to reach an agreement on...

  • CARACAS, April 20- Venezuela's proposal "for now" is that non- OPEC producers who participated in the recent Doha meeting to try to address a global oil glut attend a June OPEC meeting as observers, the South American country's oil minister said on Wednesday. "And we can renew discussions," Eulogio Del Pino told Reuters. "I anticipate that, without a deal, prices from now...

  • NEW YORK, April 20- Oil prices jumped on Wednesday as government data showed U.S. crude stocks rose slightly less than expected last week, while the U.S. dollar advanced against the euro ahead of Thursday's European Central Bank meeting. Moscow, however, denied media reports that Russia planned to host such a meeting. Last weekend, Russia and OPEC nations failed to...

  • *Moscow denies reports OPEC, other producers meeting in Russia. Moscow, however, denied media reports that Russia planned to host such a meeting. Just on Sunday, Russia and OPEC nations failed to reach an agreement on freezing production at a meeting in Doha, Qatar.

  • *Moscow denies reports OPEC, other producers meeting in Russia. NEW YORK, April 20- Oil prices rose more than 3 percent on Wednesday after a smaller-than-expected U.S. crude build offset glut worries stirred by the end of a Kuwaiti strike and on speculation that major oil producers were meeting in Russia in May for another attempt at curtailing output.

  • *Kuwait ends oil strike, reviving glut worry after failed Doha. The U.S. government's Energy Information Administration will issue official inventory numbers at 10:30 a.m. EDT EIA/S 3/ 8, following a much stronger-than-expected storage rise reported on Tuesday by American Petroleum Institute. "An expiration of more than $1.50 a barrel in the May-June...

  • *Oil prices fall back as Kuwait strike ends. LONDON, April 20- Stocks markets stabilized on Wednesday as expectations of support from the European Central Bank offset a decline in the price of oil. The MSCI All-Country World index was flat.

  • Brent futures were down 94 cents at $43.09 a barrel at 0830 GMT. U.S. crude was down 98 cents, or more than 2 percent, at $40.10, after dipping below $40. "Kuwait is moving back to full production, and we expected that oil would come off more after the Doha deal fell apart, so we're seeing the impact of that now," said Bjarne Schieldrop, chief commodity analyst at SEB in Oslo.

  • *Oil prices retreat as Kuwait strike ends. LONDON, April 20- Stocks fell around the world on Wednesday as the price of crude declined after a strike by Kuwaiti oil workers ended. The MSCI All-Country World index also fell.

  • NEW YORK, April 19- Oil prices rose on Tuesday following a workers' strike in Kuwait, while a global stock index hit its highest level since early December as signs of economic stabilization in China lifted demand for riskier assets. The rise in crude prices drove up the currencies of countries dependent on commodity exports, including Australia and Canada, where...

  • *U.S. stocks near flat after midday in New York. NEW YORK, April 19- Oil prices rose on Tuesday following a workers' strike in Kuwait, while a global stock index hit its highest since December as signs of economic stabilization in China lifted demand for riskier assets. Stocks in Japan and China also ended higher.

  • MOSCOW/ DOHA, April 19- As far as Venezuelan oil minister Eulogio Del Pino is concerned, his counterpart Ali al-Naimi, the world's most influential oil official for the past two decades, is no longer the voice of authority for Saudi Arabia. As prospects for the first deal between OPEC and non- OPEC in 15 years faded on Sunday due to last-minute demands from Saudi...

  • *Kuwait oil output at 1.5 mln bpd- KUNA. *Russia, Venezuela eye output increases. NEW YORK, April 19- Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member's crude production, overshadowing bearish sentiment after Sunday's failure by producers to agree to freeze output levels.

  • NEW YORK, April 19- Major world stock markets rose on Tuesday as the bounce in oil prices helped the energy sector, following signs of economic stabilization in China, increasing demand for riskier assets. The rise in oil prices, largely driven by a workers' strike that nearly halved output from Kuwait, drove the Australian dollar to a 10- month high and boosted the...

  • LONDON, April 19- Crude oil storage helped commodity traders and refiners make strong profits last year and in the first quarter of 2016 but now the price structure which made it possible is evaporating. In a typical storage strategy, known as "cash and carry," traders buy physical crude and put it into storage in a tank farm, or more rarely on a tanker at sea.