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World Economy International Organizations

  • LONDON, July 21- There is a near one-in-three chance Britain and the European Union will have failed to ink a deal when the official divorce negotiation period draws to a close at the end of March 2019, a Reuters poll of economists found. There was little difference between UK- and non- UK based respondents but the range of forecasts was wide- from 5 to 75 percent.

  • *OPEC, non- OPEC committee to discuss oil pact in Russia. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day this month, taking the group's combined output above 33 million bpd. OPEC and some non- OPEC states, such as Russia, pledged to cut production by 1.8 million bpd between January this year and the...

  • LONDON, July 21- Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday. International banks are planning to set up subsidiaries in the EU to ensure they can continue to serve clients if their London operations lose the...

  • Oil prices began to rise late last year after a two-year slump and are now hovering around $50 per barrel as an OPEC- led production cut and a rebound in demand slowly erode a global glut. Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in western Canada, and the Eagle Ford and Permian in the...

  • *OPEC July production to rise 145,000 bpd- Petro-Logistics. *OPEC, non- OPEC committee to discuss oil pact in Russia. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day this month, taking the group's combined output above 33 million bpd.

  • Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in western Canada, and the Eagle Ford and Permian in the United States. Oil prices began to rise late last year after a two-year slump, now hovering around $50 per barrel, as an OPEC- led production cut and rebounding demand slowly erode a global...

  • *OPEC members Iran and Kuwait in diplomatic row. Investors were also taking positions ahead of a meeting between OPEC and non- OPEC members in Russia on Monday at which they will discuss compliance with agreed production cuts and progress towards rebalancing an oversupplied market. OPEC members Iran and Kuwait are embroiled in a diplomatic spat that saw...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were up 10 cents, or 0.2...

  • OPEC, together with some non-members like Russia, has extended a deal to cut production by 1.8 million barrels per day to March 2018. However, OPEC's compliance slumped to 78 percent in June as higher-than-allowed output from Algeria, Ecuador, Gabon, Iraq, the UAE and Venezuela offset strong compliance from Saudi Arabia, Kuwait, Qatar and Angola, the International...

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were up 10 cents, or 0.2...

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were at...

  • MEXICO CITY, July 20- Mexico's economy minister said on Thursday the World Trade Organization has been more effective in resolving U.S. trade disputes than the so-called Chapter 19 mechanism, which the United States hopes to ditch as part of NAFTA talks. The United States on Monday released its goals for the talks, which aim to update the North American Free Trade...

  • SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, sitting below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day...

  • SINGAPORE, July 21- Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day production...

  • WASHINGTON/ OTTAWA, July 20- Top Canadian and Mexican diplomats expressed optimism on Thursday that a NAFTA deal could be reached early next year and cautioned that widespread uncertainty over the future of the three-way trade agreement had slowed business investment. Mexico's ambassador to the United States, Geronimo Gutierrez, said his country wanted to...

  • Traders predicted prices would hold near current levels ahead of Monday's meeting between key OPEC and non- OPEC producers in St. Petersburg, Russia. On Tuesday, Reuters reported the country was committed to working with other countries to draw down stocks, taking into account the surprising increase in production from OPEC members Nigeria and Libya.

  • BRUSSELS/ LONDON, July 20- The European Union and Britain offered few compromises at their first full round of Brexit talks which ended on Thursday, and the pound fell on worries that British ministers were prepared to walk away without a deal. Separately, academics warned of "widespread, damaging and pervasive" costs if Britain failed to reach at least a...

  • RPT- UK TRADE MINISTER LIAM FOX SAYS BREXIT ON WTO TERMS WOULD NOT BE "THE END OF THE WORLD", BUT WE ARE AIMING FOR A MUCH BETTER SCENARIO.