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Added on the 03/12/2015 16:32:56 - Copyright : Reuters EN
Shares jump for joy at a shock policy easing from the Bank of Japan, and oil holds on to hopes of a coordinated Russian-OPEC production cut - even as analysts turn sceptic over whether such cuts will ever happen. Sara Hemrajani reports.
France's Total and Italy's Eni have both reported profit pain from low oil prices and there's no sign of an end to the agony. As Ciara Lee reports, oil prices have been heading for the biggest weekly losses in six weeks as doubts emerge that there won't be an output cut big enough to curb a global glut.
Reports that Saudia Arabia may be willing to rein in crude production if Iran does the same are buoying hopes of a deal to cut output at next week's OPEC meeting. Ciara Lee reports.
Oil has fallen back from one-year highs, knocked by concern that a production cut by the world's largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Hayley Platt reports
U.S. President Obama says that the battle against the Islamic State militant group in Mosul would be challenging but he was confident it would move forward rapidly. Rough Cut (no reporter narration).
U.S. Secretary of State John Kerry, after meeting with Russian Foreign Minister Sergei Lavrov, says there is a tentative plan to provide a "turning point" in Syria. Rough Cut (no reporter narration).
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