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World Economy International Organizations

  • MEXICO CITY, Nov 2- Uncertainty about the fate of the North American Free Trade Agreement and investor protections it guarantees could crimp future investment in Mexico's oil industry, including a high-stakes January deepwater auction. Ahead of a fifth round of NAFTA talks in Mexico City in mid-November, Washington's tough demands that partners Canada and...

  • LONDON, Nov 2- Oil prices steadied on Thursday as supply cuts by OPEC and other major exporters tightened the market despite higher production in the United States. Benchmark Brent crude was down 20 cents at $60.29 a barrel by 0850 GMT. Confidence has been fuelled by an effort this year lead by the Organization of the Petroleum Exporting Countries and Russia to...

  • SINGAPORE, Nov 2- Oil prices were stable on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. Confidence has been fuelled by an effort this year lead by the Organization of the Petroleum Exporting Countries and Russia to hold back about 1.8 million barrels...

  • SINGAPORE, Nov 2- Oil prices edged up on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.59 per barrel at 0647 GMT, up 10 cents from their last close. Confidence has been fuelled by an effort...

  • BANGKOK, Nov 2- Saudi Arabia's energy minister Khalid al-Falih said on Thursday the focus of oil producers will be to continue to work on drawing down crude inventories. Al-Falih, speaking to reporters during the 7th Asian Ministerial Energy Roundtable in Bangkok, said OPEC is not targeting oil prices but focusing on fundamentals. OPEC is scheduled to next meet...

  • SINGAPORE, Nov 2- Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.52 per barrel at 0540 GMT, up 3 cents from their last close. Confidence has been fuelled by an...

  • *Outside U.S., OPEC- lead supply cuts tighten markets. SINGAPORE, Nov 2- Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.56 per barrel at 0417 GMT, up 7 cents or 0.1...

  • *Outside U.S., OPEC- lead supply cuts tighten markets. SINGAPORE, Nov 2- Oil prices edged up on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. Brent futures, the international benchmark for oil prices, were at $60.64 per barrel at 0219 GMT, up 15 cents or 0.3...

  • Canada and Mexico say several U.S. proposals for modernizing the North American Free Trade Agreement are unacceptable, prompting increasing concern that Washington could walk away from the trilateral deal. Rio Tinto exports 75 percent of the aluminium produced at its Canadian plants to the United States and supplies 30 percent of that market's needs,...

  • *Outside U.S., OPEC- lead supply cuts tighten markets. SINGAPORE, Nov 2- Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC- led supply cut continued to tighten the market. "U.S. crude inventories are back on a downward trend after disruptions from hurricane Harvey caused a small build,"...

  • *OPEC compliance to its pledged cuts at 92 pct in Oct. *Russia also seen keeping to the deal. *OPEC likely to keep supply curb through 2018- sources.

  • *OPEC compliance to its pledged cuts at 92 pct in Oct. *Russia also seen keeping to the deal. *OPEC likely to keep supply curb through 2018- sources.

  • UNITED NATIONS, Nov 1- The United Nations General Assembly on Wednesday adopted a resolution calling for an end to the U.S. economic embargo on Cuba, with the United States voting against it after abstaining last year for the first time in 25 years. The non-binding resolution urges the United States to repeal the embargo on Cuba as soon as possible.

  • UNITED NATIONS, Nov 1- The United States on Wednesday voted against a United Nations General Assembly resolution calling for an end to the U.S. trade embargo on Cuba, as announced on Tuesday by the U.S. State Department. Israel voted again in line with the United States, its top ally. The United States consistently voted against such resolutions for 24 years but...

  • KIGALI, Nov 1- The International Monetary Fund has cut its forecast for Rwanda's gross domestic product growth to 5.2 percent this year from 6.2 percent but projected a pick-up in 2018.. The downward revision follows weak growth in the first half of the year as a 2016 construction boom petered out, the IMF's mission chief for Rwanda, Laure Redifer, said at a meeting...

  • *OPEC compliance to its pledged cuts at 92 pct in Oct. *Russia also seen keeping to the deal. Before EIA reported the inventory data, Brent was trading at its highest since July 2015 on data showing OPEC had significantly improved compliance with its pledged supply cuts and Russia was widely expected to keep to the deal.

  • KIGALI, Nov 1- The International Monetary Fund cut its forecast for Rwanda's gross domestic product growth to 5.2 percent this year from 6.2 percent but projected a pick-up in 2018.. "We will have to revise down our projections from 6.2 percent to somewhere around 5.2 percent," Laure Redifer, the IMF's mission chief for Rwanda, said at a meeting in Kigali.

  • *OPEC compliance to its pledged cuts at 92 pct in Oct. *Russia also seen keeping to the deal. LONDON, Nov 1- Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.

  • *OPEC compliance to its pledged cuts at 92 pct in Oct. *Russia also seen keeping to the deal. LONDON, Nov 1- Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.

  • CAIRO, Nov 1- Gasoline consumption in Egypt fell by 4.2 percent and diesel consumption by 7.1 percent in the first quarter of the 2017-2018 fiscal year, which began in July, the oil minister said. Egypt has raised fuel prices twice since last November, when it signed a $12 billion International Monetary Fund programme that includes a raft of reforms aimed at...