Friday 10 April 2020
 
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Output freeze

Oil rebounds after Algeria says all options open

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of Opec producers. That came after prices

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Opec in new push to clinch key output freeze deal

As far as Opec decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises. The last two meetings of the Organization of the Petroleum Exporting Countries (Opec) held i

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Oil edges lower as output freeze hopes fade

Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut. London Brent crude for November delivery was down 4 cents at $

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Oil slips towards $47 as output cut hopes wane

Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session's one-week high on receding hopes for imminent action to tackle a supply glut. Saudi Arabia and Russia agreed on Monday to cooperate in wor

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Iraq not open to capping oil output: Prime Minister

Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible Opec agreement to lift prices. "And the capping, we a

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Oil above $45 on output freeze speculation

Oil edged further above $45 a barrel on Tuesday as forecasts for a drop in US inventories and speculation of producer action to prop up prices countered concern about a supply glut. Total US crude inventories were expected to fall

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Oil prices rise on renewed output freeze talks

Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (Opec) to restrain output. US West Texas Intermediate (WTI) crude oil futures

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Opec has de facto output freeze, says Venezuela

Venezuelan energy minister Eulogio Del Pino said on Wednesday Opec has a de facto oil output freeze as its overall production stood steady in the past few months. Del Pino was a key architect of a proposal to freeze oil output ear

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