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  • MOSCOW, May 13- Global oil markets will reach a supply-demand balance in late 2017 or early 2018 if a pact to cut output is extended, Russia's energy minister was quoted by local news agencies as saying. But global inventories remain high, pulling crude back below $50 per barrel earlier this month and putting pressure on OPEC to extend the cuts to the rest of the year.

  • MOSCOW, May 13- Igor Sechin, the head of Russia's largest oil producer Rosneft, said on Saturday the Russian energy ministry had his support in talks over oil production cuts, without elaborating, RIA news agency reported. Sechin in the past has expressed doubts about the ability of the Organization of the Petroleum Exporting Countries to influence oil markets...

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar", in Brussels, Belgium 1245 GMT. BRUSSELS- EU foreign affairs council meeting.

  • **MILAN, Italy- European Central Bank Executive Board Member Ignazio Angeloni to give a keynote speech at the "Regulatory vs Business? **BRUSSELS- European Central Bank Executive Board Member Peter Praet will give a Keynote speech at "Annual PensioPlus Financial Seminar," in Brussels, Belgium 1245 GMT. BRUSSELS- EU foreign affairs council meeting.

  • LONDON, May 12- Oil prices traded largely flat on Friday, supported by expectations of an extended OPEC- led production cut and falling U.S. crude inventories but capped by concerns over global oversupply. Analysts said a larger-than-expected fall in U.S. crude inventories last week, by 5.3 million barrels, continued to keep Brent above $50, with the data viewed as...

  • SINGAPORE, May 12- Oil prices rose on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • SINGAPORE, May 12- Oil prices were stable on Friday as traders expected OPEC- led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. "Net length is at its lowest level since November 2016, which could support a significant price rally if OPEC does extend production cuts," Jefferies added.

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • **DUBLIN, Ireland- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy in a moderated discussion before the 56th ACI Financial Markets Association World Conference 1300 GMT. STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. FRANKFURT, Germany- European Central Bank Executive Board Member Vitor...

  • LONDON/ DUBAI, May 11- Turkmenistan is likely to join an OPEC- led cut in oil supply aimed at supporting prices, sources in OPEC and the industry said, potentially enlarging the output reduction slightly. Oil prices have since gained support but global inventories remain high, pulling crude back towards $50 a barrel and putting pressure on OPEC to extend or...

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • **STOCKHOLM- Swedish central bank holds a conference on Future of Forward Guidance. NEW YORK, United States- Federal Reserve Bank of New York President William Dudley speaks at the "Interaction with President Dudley"- 1400 GMT. BRUSSELS- European Union and the Republic of Tunisia hold a meeting of the Association Council.

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favour of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilise oil prices and balance the market," said the source. The Organization of the...

  • ALGIERS/ BAGHDAD, May 10- Algeria and Iraq are in favor of extending OPEC and non- OPEC producers' deal on global oil supply cuts for a further six months, the Algerian energy ministry said on Wednesday. "Iraq is on board with extending the deal in the next OPEC meeting to help stabilize oil prices and balance the market," said the source. The Organization of the Petroleum...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • **STOCKHOLM- Swedish central bank First Deputy Governor Kerstin af Jochnick gives a sppech in a conference about the current economic situation and monetary policy challenges- 0730 GMT SOUTH BURLINGTON, Vermont- Federal Reserve Bank of Boston President Eric Rosengren gives a luncheon speech in South Burlington- 1600 GMT. FRANKFURT- European Central Bank...

  • Higher output in non- OPEC countries, particularly the United States, Canada and Brazil, has offset OPEC's deal reached last year to cut production and kept pressure on oil prices. The Organization of the Petroleum Exporting Countries and non- OPEC member countries will meet in Vienna on May 25 to discuss whether to continue output cuts of 1.8 million bpd in an...

  • *OPEC output cut extension likely- Saudi energy minister. NEW YORK, May 8- Oil prices rose on Monday in volatile trading, bolstered by statements from major oil-producing countries suggesting that OPEC and non- OPEC supply cuts could be extended into 2018.. The Organization of the Petroleum Exporting Countries and non- OPEC producers, such as Russia, decided late...

  • *OPEC output cut extension likely, says Saudi energy minister. NEW YORK, May 8- Oil prices edged down in a volatile trade on Monday despite Saudi Arabia's oil minister saying that he expected OPEC and its partners to consider extending their deal to cut supply possibly into next year to end a global glut. Growing U.S. drilling and production have played a role in...