Friday, May 19, 2017

OPEC panel looking at deepening, extending oil cuts: sources

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OPEC panel looking at deepening, extending oil cuts: sources

OPEC panel looking at deepening, extending oil cuts: sourcesBy Alex Lawler and Rania El Gamal VIENNA (Reuters) - An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output, OPEC sources said on Friday, in an attempt to drain inventories and support prices. Saudi Arabia and non-OPEC Russia, the world's top two oil producers, have agreed on the need to prolong the current cuts until March 2018, although Saudi Energy Minister Khalid al-Falih said extended curbs would be on the same terms.


City mistakenly honors man suspected of killing officer

City mistakenly honors man suspected of killing officerCINCINNATI (AP) — The mayor of Cincinnati has tearfully apologized to city police after his office unwittingly approved a proclamation honoring a man suspected of killing an officer in an ambush.


Japan cabinet approves bill allowing emperor's abdication

Japan cabinet approves bill allowing emperor's abdicationThe Japanese government on Friday approved a one-off bill allowing ageing Emperor Akihito to step down from the Chrysanthemum Throne, in the first such abdication in two centuries. The bill is likely to receive swift final approval in parliament, Chief Cabinet Secretary Yoshihide Suga said after Prime Minister Shinzo Abe's cabinet signed off on the legislation. Abdication must take place within three years of the bill becoming law.


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