Austria

OPEC and allies prepare to deepen oil output cuts

VIENNA, Dec 6 (NNN-AGENCIES) — OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC and its allied producers said.

The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.

Three OPEC+ sources said on Thursday the group would discuss increasing current cuts of 1.2 million barrels per day by more than 400,000 bpd.

OPEC and allies prepare to deepen oil output cuts

VIENNA (Reuters) - OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC and its allied producers said.

The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.

Three OPEC+ sources told Reuters on Thursday the group would discuss increasing current cuts of 1.2 million barrels per day by more than 400,000 bpd.

U.N. nuclear watchdog calls on Iran to clear up origin of uranium traces

VIENNA (Reuters) - The U.N. nuclear watchdog and Iran will discuss the discovery of uranium traces at an undeclared site in Tehran next week, the agency’s acting chief said on Thursday, adding that Iran had not provided any more information about the origin of the particles.

Reuters first reported in September that the International Atomic Energy Agency found the uranium traces at the site that Israeli Prime Minister Benjamin Netanyahu drew attention to in a speech last year, calling it a “secret atomic warehouse”. Tehran has said the site is a carpet-cleaning facility.

UN reports increasing violations of Iran nuclear deal

VIENNA (AP) — Uranium particles of man-made origin have been discovered at a site in Iran not declared to the United Nations, the U.N. atomic watchdog agency said Monday as it confirmed a litany of violations by Tehran of the 2015 nuclear deal.

The International Atomic Energy Agency said Iran has begun enriching uranium at a heavily fortified installation inside a mountain, is increasing its stockpile of processed uranium, and is exceeding the allowable enrichment levels.

Austrian conservative leader Kurz backs coalition talks with Greens

VIENNA (Reuters) - Austrian conservative leader Sebastian Kurz said on Monday he plans to hold formal coalition talks with the Greens, but warned that a deal bringing the left-wing party into government for the first time was uncertain and would require unusual creativity.

Kurz and his People’s Party (OVP) came first in a parliamentary election on Sept. 29, but need a coalition partner to form a government that commands a majority in parliament. Exploratory talks with the Greens aimed at laying the groundwork for fully fledged coalition talks ended on Friday.

More than 100,000 people displaced so far amid violence in Syria: U.N. World Food Programme

VIENNA (Reuters) - More than 100,000 people from the towns of Ras Al-Ayn and Tal Abyad have been displaced by the escalation of violence in Syria, the U.N. World Food Programme said on Saturday.

The World Food Programme and its partners will still support people in the northeast despite a deterioration in the security situation, it said. About 580,000 of the people it feeds in the region are currently living in Kurdish-controlled areas.

IAEA opens conference on nuclear power's role in tackling climate change

VIENNA, Oct. 7 (Xinhua) -- Climate change is one of the greatest challenges to the world, but reducing greenhouse gas emissions will be difficult to achieve without a significant increase in the use of nuclear power, according to the acting chief of UN nuclear watchdog at a conference held here on Monday.

Iran nuclear deal can be saved by goodwill not sanctions – Slovakia’s IAEA hopeful says

4 Oct 2019; MEMO: The 2015 nuclear deal between Iran and the remaining signatories can still be saved after the US withdrawal but Iran must return to the full implementation of its commitments and in return be offered some goodwill instead of sanctions, the Slovak candidate to head the United Nation’s nuclear agency said on Thursday, Reuters reported.

Austria's Kurz faces tricky search for partners despite victory

30 September 2019; AFP: The 33-year-old leader of Austria's centre-right People's Party Sebastian Kurz faces the start of a tough search for possible coalition partners Monday, despite resounding success in parliamentary elections.

His OeVP party won a clear victory with around 37 percent in Sunday's vote, a marked improvement on its performance in 2017. The result means Kurz will have the responsibility of sounding out other parties -- which may be an uphill task.

Subscribe to Austria