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World Economy International Organizations

  • BRUSSELS, July 18- The European Union is considering the introduction of new labels to classify green financial products in an attempt to boost investment in the sector as it seeks to take the global lead in the fight against climate change. The European Commission estimates that Europe will need 180 billion euros in additional investment every year in the...

  • KUWAIT MINISTER SAYS SEES NO NEED FOR EXTRAORDINARY OPEC MEETING BEFORE NOVEMBER TALKS.

  • KUWAIT OIL MINISTER TELLS REUTERS "TOO EARLY" TO DEEPEN OPEC-LED PACT ON OIL CURBS, OR CAP NIGERIA, LIBYA OUTPUT.

  • KUWAIT MINISTER SAYS OPEC OIL OUTPUT WITHIN 32.5 MLN BPD PACT TARGET, EVEN WITH EXTRA NIGERIA, LIBYA OUTPUT.

  • QUITO, July 17- OPEC member Ecuador will no longer comply with an agreed OPEC production cut due to the country's financial difficulties and plans to gradually raise its oil output, the government said on Monday. A Reuters monthly survey of OPEC output shows Ecuador's compliance with the terms of the deal has never been above 69 percent since the agreement came...

  • *OPEC- shale "tug of war" keeping market range-bound. *Rising oil production in Libya, Nigeria, United States. LONDON, July 18- Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.

  • LONDON, July 18- Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States. Benchmark Brent crude was down 10 cents at $48.32 a barrel by 0720 GMT. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8...

  • SINGAPORE, July 18- Oil markets were treading water on Tuesday, supported by firm demand but weighed down by ongoing high supplies from producer club OPEC and also the United States. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8 million barrels per day between January this...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • SINGAPORE, July 18- Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States. A deal by the Organization of the Petroleum Exporting Countries with Russia and other non- OPEC producers to cut supplies by around 1.8 million barrels per day between January this year...

  • In a statement, the Mexican economy ministry said it expected talks between the United States, Mexico and Canada on renegotiating the North American Free Trade Agreement to be able to get under way from Aug. 16. The United States said its top priority for the talks was shrinking the U.S. trade deficit with Mexico and Canada, a recurring complaint of U.S.

  • WASHINGTON, July 17- The United States on Monday launched the first salvo in the renegotiation of the 23- year-old North American Free Trade Agreement, saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. Trade Representative Robert Lighthizer said he would seek to reduce the trade imbalance by improving access for...

  • OTTAWA/ WINNIPEG, July 17- The U.S. dairy lobby is ratcheting up the pressure on Canada as talks to renegotiate NAFTA draw closer, demanding concessions the Canadian government looks unwilling to grant, according to people familiar with the file. The result could be a brawl that sours efforts to modernize the North American Free Trade Agreement, under which...

  • WASHINGTON, July 17- The United States on Monday outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement and for the first time in a U.S. trade deal said it would seek to deter currency manipulation by trading partners. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade...

  • President Donald Trump they expect him to keep election campaign promises to protect American workers in NAFTA talks, but they stopped short of demanding termination of the 1994 trade pact with Canada and Mexico. President Richard Trumka of the AFL-CIO, an umbrella organization of unions representing 12.5 million workers, said the North American Free Trade...

  • *Kuwait says market on path to rebalancing. NEW YORK, July 17- Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC- led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. RIG-OL-USA- BHI> Rig additions over the past four weeks averaged five,...

  • NEW YORK, July 17- U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day to 5.585 million bpd in August, the U.S. Energy Department said in a report on Monday. The increase comes amid market concerns that rising shale output will dampen the Organization of the Petroleum Exporting Countries' efforts to curb a...

  • FRANKFURT/ LONDON, July 17- U.S. bank Citigroup Inc is set to become the latest Wall Street bank to pick Frankfurt as its European Union base this week in preparation for when Britain leaves the European Union, two sources told Reuters on Monday. Citi had earlier said it would choose Frankfurt to become its hub for sales and trading in the EU and move "a couple of...

  • NEW YORK, July 17- U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day to 5.585 million bpd in August, the U.S. Energy Department said in a report on Monday. The increase comes amid market concerns that rising shale output will dampen the Organization of the Petroleum Exporting Countries' efforts to curb a...