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  • DUBAI, Aug 24- A joint OPEC, non- OPEC monitoring ministerial committee said on Thursday it was confident the oil market was moving in the right direction but that all options, including an extension to the supply-cut pact beyond March, were open to ensure market stability. "Oil commercial stocks fell in July and the latest five-year average has been reduced from...

  • NEW YORK, Aug 22- From Michael Jackson's iconic white glove to the star on top of the Rockefeller Center Christmas tree, Swarovski crystals seemingly pop up everywhere. He was a glass cutter from what is now known as the Czech Republic. He went to the first electricity fair in Vienna and saw inventions by Edison and Siemens, and his mind opened up.

  • VIENNA, Aug 18- Austrian holiday airline Niki's 850 employees were braced for a bumpy ride as insolvent parent Air Berlin began talks on Friday to sell off its assets before it runs out of cash. Union representative Peter Stattmann told journalists that all bills at Niki had been paid so far but that the next "litmus test" would be August wages in the two-digit...

  • *Iraq says it's complying with OPEC- led cuts. DUBAI/ LONDON, Aug 16- Oil exports from Iraq's southern terminals have fallen so far this month, suggesting the country is trying to step up compliance with OPEC output cuts, but it has a long way to go to match its peers in the producer group. If sustained, this would mean exports are down for a second month, giving weight to...

  • Gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf.

    Iran could abandon its nuclear deal "within hours" if the U.S. imposes any more new sanctions, Iranian President Rouhani said on Tuesday.

  • DUBAI, Aug 15- Iran could abandon its nuclear agreement with world powers "within hours" if the United States imposes any more new sanctions, Iranian President Hassan Rouhani said on Tuesday. Iran says new U.S. sanctions breach the agreement it reached in 2015 with the United States, Russia, China and three European powers in which it agreed to curb its nuclear work...

  • DUBAI, Aug 15- Iran could abandon its nuclear agreement with world powers "within hours" if the United States imposes any more new sanctions, Iranian President Hassan Rouhani said on Tuesday. Iran says new U.S. sanctions breach the agreement it reached in 2015 with the United States, Russia, China and three European powers in which it agreed to curb its nuclear work...

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices were about 1 percent higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains. "A drop in crude oil imports and another step up in refinery...

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices edged higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains. Brent crude, the global benchmark, was up 33 cents, or 0.6 percent, at $52.47...

  • *WTI price of $48.16- $48.37/ bbl called zone of support. NEW YORK, Aug 9- Oil prices edged higher on Wednesday after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains. Brent crude, the global benchmark, was up 14 cents at $52.28 at 11:17 a.m....

  • *OPEC expects laggards to comply more fully with oil cuts. LONDON, Aug 9- Oil rose towards $53 a barrel on Wednesday ahead of a U.S. inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with OPEC- led supply cuts. Brent crude, the global benchmark, was up 50 cents at $52.64 at 1304 GMT, after two days...

  • *OPEC expects laggards to comply more fully with oil cuts. LONDON, Aug 9- Oil rose further above $52 a barrel on Wednesday ahead of a U.S. inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with OPEC- led supply cuts. Brent crude, the global benchmark, was up 34 cents at $52.48 at 1159 GMT, after two...

  • *OPEC expects laggards to comply more fully with oil cuts. LONDON, Aug 9- Oil rose further above $52 a barrel on Wednesday ahead of a U.S. inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with OPEC- led supply cuts. Brent crude, the global benchmark, was up 21 cents at $52.35 at 0915 GMT, after two...

  • *OPEC expects laggards to comply more fully with oil cuts. LONDON, Aug 9- Oil held around $52 a barrel on Wednesday as an industry report showing a large drop in U.S. crude stocks countered doubts that compliance with OPEC- led supply cuts will increase. "Oil is stuck in a range of $45- $50 for WTI and a bit more for Brent for now," said Bob Takai, president at Sumitomo Corp...

  • DUBAI/ LONDON, Aug 8- OPEC expects greater adherence to its pact with non- OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord. OPEC producers Iraq and the UAE have shown relatively low compliance with the deal based on figures from secondary sources OPEC uses to monitor its supply.

  • DUBAI/ LONDON, Aug 8- OPEC and non- OPEC officials were holding a second day of meetings in Abu Dhabi to discuss ways to boost compliance with their oil output-cutting pact, sources familiar with the talks said. In Abu Dhabi, a panel comprising Russia, Kuwait and Saudi Arabia, plus officials from OPEC's Vienna headquarters, has met individually with officials from...

  • *Nord Stream 2, TurkStream to go ahead but at a price. MOSCOW/ BRUSSELS, Aug 3- New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped. The Kremlin, dependent on oil and gas revenues, sees the pipelines to Germany and Turkey- Nord Stream 2 and TurkStream- as crucial to increasing its market...

  • *Nord Stream 2, TurkStream to go ahead but at a price. MOSCOW/ BRUSSELS, Aug 3- New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped. The Kremlin, dependent on oil and gas revenues, sees the pipelines to Germany and Turkey- Nord Stream 2 and TurkStream- as crucial to increasing its market...

  • **VIENNA- Austrian Finance Minister Hans Joerg Schelling meets French Finance Minister Bruno Le Maire in Vienna- 0730 GMT. FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England to release Inflation Report 1100 GMT.

  • **VIENNA- Austrian Finance Minister Hans Joerg Schelling meets French Finance Minister Bruno Le Maire in Vienna- 0730 GMT. FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England to release Inflation Report 1100 GMT.