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World Economy International Organizations

  • *OPEC supplies remain high despite pledge to cut output. Bernstein Research warned that low prices and ample supplies were resulting in low oil industry investment levels. Libya's Sharara oil field, the country's largest, was gradually restarting on Tuesday after a shutdown.

  • PARIS, Aug 22- French President Emmanuel Macron will travel to Athens next month to send a message to fellow euro zone leaders about the need to strengthen the currency union, at a time when Greece is emerging from years of economic crisis, French officials said. He will go to Greece on Sept. 7-8 accompanied by French business leaders to promote investment in Greece,...

  • Benchmark Brent crude was up 30 cents at $51.96 a barrel by 1345 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the Petroleum Exporting Countries and non- OPEC producers including Russia have pledged to hold back...

  • LONDON, Aug 22- Oil prices steadied on Tuesday, supported by signs that global supply may be tightening gradually and restrained by rising U.S. shale production. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the...

  • LONDON, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply may be tightening gradually, especially in the United States. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the Petroleum Exporting Countries...

  • LONDON, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at $52.06 a barrel by 0715 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added.

  • MILAN, Aug 22- Italy, France and Germany have asked the European Commission to reinforce existing regulations that allow EU states to block foreign acquisitions of European companies, two Italian dailies reported on Tuesday. European Union leaders agreed in June to consider screening investments by state-owned Chinese firms, and France, Germany and Italy...

  • SINGAPORE, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said "it looks like the growth in U.S. production is quickly running out of steam...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said that "it looks like the growth in U.S. production is quickly running out of...

  • U.S. inventory fall is result of OPEC- led production cuts- Kuwait. Brent crude futures lost 2 percent, or $1.07, at $51.65 a barrel as of 12:01 p.m. EDT, after surging more than 3 percent on Friday. "Fresh uncertainty about inventories and OPEC compliance could be enough reason to sell some of the long positions."

  • Demand for heavy crude extracted from Canadian oil sands surged in the past few months as U.S. refiners sought alternatives amid supply disruptions in key exporter Venezuela and restricted exports by the OPEC. However, a string of new projects coming online this year, including Suncor Energy's Fort Hills project and Canadian Natural Resources' Horizon Phase...

  • *U.S. inventory fall is result of OPEC- led production cuts- Kuwait. Benchmark Brent crude futures were down 56 cents at $52.16 a barrel at 1342 GMT, after surging more than 3 percent in the previous session. "Fresh uncertainty about inventories and OPEC compliance could be enough reason to sell some of the long positions."

  • *U.S. inventory fall is result of OPEC- led production cuts- Kuwait. Benchmark Brent crude futures were down 56 cents at $52.16 a barrel at 1342 GMT, after surging more than 3 percent in the previous session. "Fresh uncertainty about inventories and OPEC compliance could be enough reason to sell some of the long positions."

  • GENEVA, Aug 21- The United States has requested a World Trade Organization panel be set up to investigate Chinese tariff-rate quotas for agricultural products, the WTO said on Monday, setting up a showdown between the two largest economies. The United States said that China had failed to administer its tariff rate quotas on a "transparent", predictable ", or" fair "...

  • *U.S. inventory fall is result of OPEC- led production cuts- Kuwait. Benchmark Brent crude futures were down 15 cents at $52.57 a barrel at 1214 GMT, after surging more than 3 percent in the previous session. "Fresh uncertainty about inventories and OPEC compliance could be enough reason to sell some of the long positions."

  • LONDON, Aug 21- OPEC oil supply is set to fall by 419,000 barrels per day this month, a company that tracks OPEC shipments forecast on Monday, reflecting plans for lower exports by Saudi Arabia and reductions by other producers. Compliance with the deal has been high so far but OPEC production hit a 2017 peak in July, in part on increased output from Libya and Nigeria,...

  • LONDON, Aug 21- U.S. crude inventories are falling more than expected in a sign of the success of OPEC and non- OPEC production cuts, Kuwait's oil minister Essam al-Marzouq told CNBC Arabia on Monday. U.S. crude inventories have fallen for a seventh consecutive week in their largest drawdown in nearly a year, according to the government's Energy Information...

  • WASHINGTON, Aug 20- The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences. The talks will move to Canada later in September, then return to the United States in October, with...

  • WASHINGTON, Aug 20- The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences. The talks will move to Canada later in September, then return to the United States in October, with...