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World Economy International Organizations

  • NEW YORK, Aug 2- U.S.-based commodities funds posted the largest withdrawals of 2017, bleeding $1.2 billion during the latest week and sending a contrarian signal to rising oil and gold markets, Investment Company Institute data showed on Wednesday. As part of a deal with Russia and other non-members, the Organization of the Petroleum Exporting Countries is...

  • *OPEC output at 2017 high of 33 mln bpd. NEW YORK, Aug 2- Oil prices edged higher on Wednesday, as surging U.S. fuel demand offset data from the Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy Information Administration said,...

  • LONDON, Aug 2- Major disruption to flights between Britain and the European Union from March 2019 is looking increasingly likely as Brexit talks proceed, Ryanair Chief Executive Michael O'Leary warned on Wednesday. Airlines say they would need a new bilateral deal between the UK and Europe by September or October next year to replace the EU's "open skies" regime,...

  • *OPEC output at 2017 high of 33 mln bpd. NEW YORK, Aug 2- Oil prices gained in choppy trading, as soaring refined product demand overshadowed data from the U.S. Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy Information...

  • *OPEC output at 2017 high of 33 mln bpd. LONDON, Aug 2- Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losses and pushed the price back towards $52 and this week's eight-week highs. Brent crude futures were up 12 cents at $51.90 a barrel by 1325 GMT, recovering from a session low of $51.18.

  • LONDON, Aug 2- Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude amid OPEC production cuts and Venezuelan troubles. A fight for sour crude has helped keep Angolan oil in high demand and now, even long-suffering Nigerian grades are finding keen buyers in the United States and Asia as...

  • *OPEC output at 2017 high of 33 mln bpd. LONDON, Aug 2- Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losses and pushed the price back towards $52 and this week's eight-week highs. Brent crude futures were up 14 cents at $51.92 a barrel by 1125 GMT, up from a session low of $51.18.

  • MOSCOW, Aug 2- Russia's oil output stood at 10.95 million barrels per day in July, unchanged for a third month and in line with its pledge to curb production in an effort to support the price of crude, Energy Ministry data showed on Wednesday. The Organization of the Petroleum Exporting Countries and other producers led by Russia are cutting oil output until the end...

  • *OPEC output at 2017 high of 33 mln bpd. LONDON, Aug 2- Oil retreated from this week's eight-week highs above $52 a barrel on Wednesday, following a bearish combination of rising U.S. inventories, an outage at a major European refinery and increasing OPEC production. Brent crude futures were down 11 cents at $51.67 a barrel by 0856 GMT, having touched a session low of...

  • *OPEC output at 2017 high of 33 mln bpd. SINGAPORE, Aug 2- Oil prices fell by 1 percent on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high OPEC supplies weighed on international prices. That came after the contract opened above $50 for the first time since May 25 on Tuesday.

  • *OPEC output at 2017 high of 33 mln bpd. SINGAPORE, Aug 2- Oil prices fell on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high OPEC supplies weighed on international prices. That came after the contract opened above $50 for the first time since May 25 on Tuesday.

  • *OPEC output at 2017 high of 33 mln bpd. SINGAPORE, Aug 2- Oil prices fell 1 percent on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high OPEC supplies weighed on international prices. West Texas Intermediate crude was at $48.69 per barrel at 0456 GMT, down 47 cents, or 1 percent, from its last settlement.

  • *OPEC output at 2017 high of 33 mln bpd. SINGAPORE, Aug 2- Oil prices fell 1 percent on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high supplies from producer club OPEC weighed on international prices. "The coup de grace came from the American Petroleum Institute's Crude Inventory release late in the New...

  • *OPEC output at 2017- high of 33 mln bpd. SINGAPORE, Aug 2- Oil fell on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high supplies from producer club OPEC weighed on international prices. In global markets, prices were weighed down by a survey this week that showed production by the the Organization of the...

  • *OPEC compliance with supply curbs rises, but total output up. OPEC production rose in July, a Reuters survey found Monday, despite a deal to cut output. "It seems to be more technical and a combination of that and the OPEC story has everybody running for exits at the same time," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • MEXICO CITY, Aug 1- Mexico has set out its goals for an upcoming re-negotiation of the NAFTA trade accord, according to a document seen by Reuters on Tuesday, prioritizing free access for goods and services, greater labor market integration and a strengthening of energy security. The talks between Canada, Mexico and the United States are due to start in Washington...

  • LONDON, Aug 1- Britain should turn up the pragmatism and tone down the ideology in its Brexit negotiations, and address the future status of workers from other European Union countries as a matter of urgency, the boss of retailer Dixons Carphone said on Tuesday. Chief Executive Seb James also called for more clarity from Theresa May's government on a potential...

  • *OPEC compliance with supply curbs rises, but total output up. OPEC production rose in July, a Reuters survey found Monday, despite a deal to cut output. "It seems to be more technical and a combination of that and the OPEC story has everybody running for exits at the same time," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • VANCOUVER, Aug 1- Canadian Prime Minister Justin Trudeau said on Tuesday he was "very hopeful" of getting a deal with the United States on softwood lumber, which has become an escalating trade dispute ahead of NAFTA talks this month. The dispute which has festered for decades was ratcheted up when the United States imposed anti-dumping and anti-subsidy duties...

  • *OPEC compliance with supply curbs rises, but total output up. *Pernis refinery closure boosts refining margins. However, OPEC production rose in July, a Reuters survey found Monday, despite a deal to cut output.